Member Info for ChameleonMan

Ps ref Rosalonor, thanks Starfox!

Closing the gap from April would take us to 5p. Looks doable given the current momentum?

https://m.miningweekly.com/article/europes-carmakers-face-raw-material-bottleneck-for-ev-batteries-2021-10-13
…. Still facing a defect of lithium etc, still hungry to sign up local supply. I think it was in June that DA reported interest from strategic investors. The time to shake hands will be once the environmental approval is granted. Shouldn’t be much longer to wait?

Interesting that this association has been newly formed and based in the U.K. Surprised to see Chinese companies involved, notably Gangfeng, as my experience is that they normally shun the limelight. Perhaps the membership list will provide new targets for acquisition once the BCN deal goes through?

…but maybe not for long?

Definite momentum building here. Planning for a “go” decision on the environmental approval. Has DA been given a “nod and a wink”?

I expect DA also has a Boy Scout “Mining in Society” merit badge. Believe it or not, it is a thing!

There is a clear intention from Portugov to develop its Li resources and MdB has become the prototype for environmental consideration and public consultation. As such the process must be seen to be very thorough hence we must expect full scrutiny and possibly further requests for clarification. Once completed we should be moving quickly into partnership funding and offtake arrangements.

….so, the public consultation on exploring 8 areas has officially ended? Does that include MdB?

Currently 95 million shares in issue. Cash raised was about £842,000 at 1.5p per share . The outlook for the business seems better now. Not sure what they are planning with additional shares so can’t speculate further on eventual SP. What it does do is provide an opportunity to trade any shares you want to on the open market for the first time. Hopefully in excess of 2p!

… and the outlook is surely so much better now?

…on the cash position at least which has a direct bearing on the need to raise more. Hence no major hit to the SP imminent.

21 September 2021
Dear Shareholder,
Erris Gold Resources Limited (“Erris Gold” or the “Company”) is pleased to provide an update to shareholders on its recent activities including expansion of the project area, the high-grade results at the Company’s Lead Trial Prospect within the Loch Tay Licence, Perthshire, Scotland (the “Loch Tay Gold Project”) and preparation for the forthcoming AIM listing:
• Glen Almond licence issued in August 2021 expanding the licenced project area to 487sq km.
• Highest-grade boulder sample to date returned from the Rob Roy Target - 97.4 g/t Au.
• Full screen metallic analysis of a recent large boulder sample assayed 29.7 g/t compared to
20.1g/t Au from the initial grab sample near the newly drilled Bruce Fault structure.
• 90 deep overburden samples collected at the Rob Roy Target - results pending.
• Independent Competent Persons Report (CPR) on the project in final form with effective date
of 20 August 2021.
• Broker, Nomad, Lawyers and PR company engaged for AIM listing and enlarged Board
selected.
• Listing to involve rebranding and a change of company name to Green Glen Minerals plc.
• Early notification submitted to AIM, full legal due diligence and marketing to commence
imminently.

Just got round to reading this - rare for SAV to be singled out for such a positive outlook. Nice to see!

A pessimistic forecast might be based on a further cash raise probably after an EIA approval raises the SP temporarily? More optimistically, an EIA followed by an offtake or JV would move us to a new (higher) level?

No need to rush things. Let’s get the EIA in the bag and the feasibility study complete first. Then would come the decision to mine/ JV or sell.

The bi-weekly emails are a waste of effort ( the latest today).They tell you nothing about SAV, just news that has often a very tenuous link. A box-ticking exercise to make it look like they are “communicating “.

Some would relate it to the stage in the classic mining cycle we are at. We have passed the speculative resource -defining peak in SP and are now in the low trough awaiting environmental approval, offtake and partnership deals. Once the environmental approval is obtained ( say October), the DFS published with the latest lithium price and a deal with VW or it’s supply chain secured, I am expecting the SP to sail past 20p. No quick wins here I’m afraid.

The “herd” have been and gone a long time ago. Pumped, dumped and mooooved on! Currently to be found grazing at EMH I believe?

IB, If we have to get RT’s approval before selling our share in the Moz JV to a third party, then we are in deep “sand”. I don’t know what is in the JV contract detail but let’s hope there is a “sanity clause” as it may be the only way out to admit we were mad to get involved in the first place?