Member Info for ChameleonMan

Anglo American has just signed off this month on the demerger of its Thungela S.A. thermal coal assets. A big deal like this requires senior management bandwidth so it’s not surprising that other deals like ours have to wait in line. However, now it’s done ......

In addition to Inbrackets’ wise words I should point out that unlike BCN, SAV owns 100% of the MdB lithium mine I.e. no low-ball takeover offers from Chinese “partners”!

..or the Mexican government wants to refer the bid to mergers and monopolies?

You’ve heard of the “Mexican standoff”? Wouldn’t be surprised if they move to block the proposed takeover.

The offer for BCN by Gangfeng is derisory IMO and follows a placement which lowered the SP which makes the premium look better. Sure, like others I’m 20% up on my BCN holding but it’s not enough. There will be consolidation in lithium mining as most juniors will need to partner up for funding and/or expertise. I’m actually surprised it’s not happening quicker given the rhetoric on the battery supply chain but I guess at this stage it’s more difficult to pick the viable mines. Gangfeng were already partnered up with BCN and knew them inside out. For SAV it could be Fortescue given their ambitions but I suspect nothing will happen until we have an EIA and DFS completed.

There are plenty of consultancies specialising in CSG. Here’s one with a track record in mining https://www.erm.com/search-results/?q=Mining.
Just don’t understand why we would appoint a “rookie” other than he can speak Portuguese and pass as a local. Hire the guy by all means but why boast it on an RNS when his track record is non-existent?

I thought the Northern European lithium suppliers were better placed last year and EMH was undervalued so I moved half of my SAV investment there. It ten-bagged in value so I have sold all as it feels fully valued . It appears to be descending from that peak so I’m not planning to reinvest. I bought a bit in ZNWD for the same reason but that hasn’t done so much. I honestly think SAV now has better prospects following the GALP deal so continue to remain invested here in a significant way. My other (bigger)holding is now ARCM for the copper that Anglo American are in commercial negotiations for as I write!

Cant get on as reached max of 100 participants! Really?

Don’t disagree TB but can’t we use an organisation with a bit of a track record and credibility?

Thanks Buffet but have you tried looking at the detail of his projects? It’s just stock images and placeholder text.

Baobab Advisory (London) appears to have no available website or web history so maybe a start-up? More mouths to feed!

“ Britain set to stockpile metals for electric cars to beat Chinese threat” in the Telegraph today.

Agree the mine is positive news but living in Ireland, are you really surprised that a community can divide its opinion on just about any issue you care to mention?

....to the community and municipality regarding the public consultation published on SAV’s website.
https://www.savannahresources.com/community/portugal/

We are indeed well rid of Oman. Having passed the ball to Force Commodities I note the recent announcement - “Oman Block 4 Exploration License Status
Force Commodities was advised the renewal of the exploration license over Block 4 of which the Company holds a 51% interest will be subject to public tender.”
A very hostile action by PAM and one wonders if they intend to give Alara a crack at it?

I agree the SOLG placement price discount didn’t hurt so much but the allocation to retail investors was pathetically small (£500)! Not really enough to average down if you wanted to.
Now let’s see what DA can do with the extra funds?

Surely the point of the tweet is to hint to shareholders that the price of copper is indeed significant to the current negotiations and maybe they are holding back settling until it stabilises?

Thanks ATD for that comprehensive review. It’s a pity some folk can’t look at the evidence before jumping to conclusions and second-guessing the environmental impact assessment. Locals will have concerns of course but these are being addressed via the public consultation under scrutiny from the Portuguese authorities. Let’s leave it to them.

Why will he lose grazing land? There is already a mine there. Look at the plan-the district will probably end up with a better environment with improved roads, sustainable energy and better water supply. Not mentioning more customers for the farmers lamb kebabs!

I wonder if the sheep farmers and other antis would oppose it if it were a gold mine? I’m thinking they would be selling off their land and heading for a villa in the Algarve? I just feel that there is so much unknown in lithium mining and if they bothered to read the EA they might not stress so much. In the meantime it’s fodder for sensationalist press reports such as this. Talk about Farmageddon!