Member Info for ChameleonMan

How’s that been working out for y’all to date? At least my pants aren’t on fire!

Ok so you are backing off VW for “motor manufacturers”? And for the Chinese , shall we substitute “ figments of your imagination”? If you make these assertions in future, please quote your references and don’t assume arrogantly that we are as gullible as you might assume.

Frankly I think it’s me that’s taking profits and you that gets aggressively emotional over any comments that don’t suit your narrative? And as far as your facts.. you suggest you have insight into things which have not been published such as turning down offers from Chinese and talks with VW? Have you got inside knowledge or are you making this stuff up because SAV has said nothing about it? In either case it has amounted to nothing so we can draw our own conclusions.

Osaka, I respect your commitment to SAV and your optimism which I wish I could share but I’m afraid that after holding for many many years, I have lost faith in the SAV board and the Jangamo and MdB projects. I hope I am wrong as I have 4m+ shares which have fallen to half their value. I have taken profit on the other 4m which I bought at under the current SP. Yes I also should have sold at the higher prices over the years but believed DA and kept the faith. That faith has run out. I would sell all my holding but don’t want to crystallise the loss. Many others who post here are in the same boat holding shares they can’t afford to sell.
To summarise my views on SAV:
Oman was a disaster - an avoidable loss in shareholder value - It was always too small to be viable in a country renowned for its procrastination.
Mozambique Jangamo has been neglected in spite of the eventual issue of all licenses, nothing has happened other than the recent appointment of consultants I.e more cost. The Rio partnership sounds good but is a dead weight if they don’t want to proceed.
Portugal MdB has potential as there will likely be a shortage of Lithium in the next few years but SAV is still years away from production, there is local opposition and the Portuguese government have yet to be helpful. It’s not ideally situated in South West Europe where there is no car industry to speak of and no processing or battery industry.
So my big fear is that further months will pass with no progress on either project, money will be burned in salaries and directors fees, further retail fundraising will be required with accompanying dilution.
A negative view and one that I never thought I would express and as I say I look forward to being proved wrong but I doubt it. Anyway I’ve said enough and don’t want to debate further. I respect your view and hope you will respect mine.

Actually I don’t remember, probably because nothing has been notified at any time? Also don’t fool yourself that SAV is the only prospective Li miner favoured by the EU. For example, EMH also has a partnership agreement with EIT InnoEnergy “to facilitate the accelerated construction financing and ultimate commercialisation of Cinovec.” ( a larger deposit than MdB at 372.4Mt at 0.45% Li2O).
And are you seriously drawing comfort from Sirius Minerals potash project? Are you aware that Anglo American are buying Sirius, but for only a quarter of what it was worth leaving investors with huge losses? Be very careful what you wish for!
We are all invested here for better or worse but let’s not kid ourselves about the facts. Unless you bought in here sub-2p , SAV has so far been a poor investment and unless you believe that we are about to sign a major partnership deal, it is not going to get better any time soon.

Sorry you feel that way Osaka but total lack of performance speaks for itself and needs no further substantiation surely? I still own more of SAV than I took profits on recently. I bought into EMH on the basis that a Central European supplier had advantages over a Southern European one. I posted my arguments on here before selling. As luck had it I doubled my money in EMH in a couple of weeks. If and when the SAVs SP falls Below 2p again I may buy back in. I actually hope it doesn’t fall as I still have 4m shares but it’s a battle of hope vs experience.

I am sure there isn’t a cynical bone in her body however if she has come to the conclusion that SAV has become a “lifestyle business” for its directors, we may not be so far apart in our thinking?

Can’t argue with that IB!

Dorman, I appreciate that you are quoting the SAV website “ the most significant spodumene development project in EUROPE”, but what do you understand makes it so?
It appears not to be the biggest which the claim might suggest?
For example, EMH’s Cinnovec Li deposit has a resource of 372.4Mt at 0.45% Li2O,( 7.22 million tonnes Lithium Carbonate Equivalent) . In comparison SAV only claims a mineable resource of 14.4 Mt @ 1.07%.
So what is it that makes it the most significant?

Thank you Auto-correct - I meant of course Altura Minerals!

https://m.miningweekly.com/article/pilbara-makes-a-move-on-altura-2020-10-29/rep_id:3861

Can you believe that this in-production hard rock spodumene miner that DA liked to compare us with has gone bust? Seems like it will be acquired from the administrators by Pilbara at a bargain price. Enduring low lithium prices seem to be the culprit. Maybe a silver lining to SAV’s cloud of slow progress?

....and if you are in any doubt if the additional listing works, EMH is up a further 34% today following the commencement of US trading! Surely DA must have noticed?

A postscript to the surge in European Metals Holdings SP yesterday is the news today that they are going for an additional listing on the US OTC market.
"As the home of major battery-focused companies such as Tesla, North American investors are uniquely placed to understand the importance of lithium for future technologies."
This seems to me to be a great idea as it’s clear that our Board need to do something to stimulate investor interest and appealing to a wider pool of investors surely can’t hurt?
Also the distance between Portugal and Germany, the centre of the European auto industry looks small when viewed from across the pond!

Yes I got in recently when I sold some of my SAV shares but I wish I’d bought more! Up 30% on the day! Pity he didn’t acknowledge the existence of SAV as a potential Piedmont or we might have had a bit of a tick-up too. DA had better put some lipstick and tights on to get us some attention (metaphorically speaking David!).

Take a look: https://www.youtube.com/watch?v=051y3zAeE6c
Driving EMH price this morning!

True, but the problem is that no progress has been reported in Moz since January when the third license was finally granted. The lights finally turned green after all these years waiting yet we seemed to stall at the junction. Seems like DA doesn’t know what to do next so has appointed advisors to kick the can down the road. Poor show.

Yes, with three mining permits approved last January, Moz is an open goal. It would be good to see some timescales attached to the PFS completion for starters.

No I’m not referring to IIs - no idea what they are doing. Just talking from my own perspective - sold about 3 million of my holding and will wait until I can buy back 6 million for the same money.

You can see it happening on the roads. Tesla have just opened a new showroom/ service centre here in Chelmsford and local dealers are investing £ms converting theirs to deal with electric models.

Hi Simbah, ignore Osaka, he just likes to throw his weight around. You are very welcome here. There was a recent mini-spike based on expectation of an announcement on an off-take or partnership deal which came to nothing. As a result some who bought in at sub-2p took profit and are waiting for sub-2p to reappear to buy back in.
There will be a deal at some point Which will move the SP but no one can say whether that will be tomorrow, next month or next year. You will need the patience of saints to remain invested here so depending on your objectives, it may suit you or not?