Member Info for ChameleonMan

Good to see the Directors taking part and increasing their personal holdings significantly.

Some time ago the plan was for GALP to fund the DFS for a $6.4million cash injection taking 10% of the company and securing 50% offtake. Have a feeling that funding it ourselves via a placing will turn out to be a better deal?

SH4B, if anything I wasn’t harsh enough. These algorithm-based pseudo analyses are a plague and only thrive by being posted around on message boards as if they were the gospel.

Anyone posting this fake research needs to be called out whether done innocently or with intent. Post thoughts, feelings, insights, your own research….anything but this garbage!

Written by robots, read by donuts!

I.e. supply US goods and services to the new lithium mining industry while keeping the Chinese out? Sounds like a plan!

Did we hit a pothole?

Don’t look too far IB! The Sines battery factory appears to be under threat from Chinese politics? When you sup with the devil……?

https://www.portugalresident.com/mega-chinese-lithium-battery-factory-in-sines-at-risk/

Solid progress!

Our old pals at Portugal Resident have been commenting: https://www.portugalresident.com/cova-do-barroso-lithium-mine-battle-has-only-just-begun/

Beats me how they can publish such factually incorrect opinion without fact-checking?

Https://www.euractiv.com/section/economy-jobs/news/eus-breton-wants-sovereignty-fund-to-buy-out-firms-of-systemic-importance/

Maybe just a pipe dream but SAV would seem to be a possible target?

Finally we have some firm ground to build on and can be taken seriously as a player in the European lithium value chain. Talks can now continue in earnest with the Aurora consortium and others.

Looking forward to the revised scoping study in H2 with current lithium prices set to massively boost our NPV. While it’s nice to see a 25% rise on the news, it doesn’t properly value the resource as will become clear from the study. For the first time SAV has become an investable proposition rather than mere speculation.

Lots more news to come this year I’m sure so onwards and upwards!

A fairly balanced report from Portugal News. https://www.theportugalnews.com/news/2023-05-31/lithium-mine-one-step-closer-to-green-light/78126

No doubt Portugal Resident is working on a vitriolic editorial!

Another blooper on the petroleum company with a similar name!

.. by Alliance News on the LSE newsfeed!

Let’s see…. All hangs on Portuguese government who have a clear majority to make policy but can’t seem to govern without getting dragged into scandal. Approval decision due by 31st May unless the paperwork was stolen by the minister who resigned and cycled off with his laptop perused by the security services. Invest now and you could multibag or lose everything by next Wednesday. Do you feel lucky?

Good for the UK but SAV is more likely to be part of the EU supply chain than a UK one. Handy location for the Cornish geothermal Li project if it gets off the ground?

..the USA, Ford signs up multiple deals for lithium supply with suppliers that ensures it gets subsidies under the Inflation Rduction Act.

https://investingnews.com/amp/ford-lithium-supply-deals-2660543747

….. in China, new 1000 km range EV batteries developed for production 2024.

https://www.independent.co.uk/tech/electric-car-battery-range-record-b2343579.html

…. and in Europe ?????

…….Gravity-based energy storage? Pumped hydro energy storage? Storing energy in compressed air?…

Oh to be a late-stage developer!

Further requirements can and probably will be added at decision time.
“If APA reaches a positive DIA decision:
Savannah expects the decision to set certain design and operating conditions for the Project
Savannah expects to be given 10 business days to consider the conditions set in the proposed decision”.