Member Info for ChameleonMan

Some of the choices the Portuguese government will have to make are a little more economic in nature I feel? With a GDP of $217 Bn and debt of 122% GDP and tourism (currently at risk) of $33 Bn, the outlook is not good. Go cap in hand to the European bank (join the queue) or exploit resources may not be such a tough choice?

BSMA, like people who drip constantly you probably have no concept of the damage you are causing. I thought you were maybe a deramper hoping for a lower entry point but it seems you are just an irresponsible idiot. If you want the price to improve take a leave of absence for a month or longer.

What do you expect when you constantly berate the board? Would be investors do due diligence before putting money in and your negative posting raises questions. You only have yourself to blame. There has been nothing negative otherwise to date which would justify the drop.

Just to further counter the misinformation on the carbon footprint of lithium production and processing: “ A scoping study into Vulcan Energy Resources’ Zero Carbon Lithium project in Germany has shown potential for a combined operation producing lithium hydroxide and renewable energy, with a net-zero carbon footprint.”
https://www.mining-technology.com/news/vulcan-releases-positive-scoping-study-for-zero-carbon-lithium-project/

Hi TB, I agree that the Portugal Govt are likely to appease the protest movement by drastically scaling back on new licences. This will make those that are held already so much more sought after.
“Of nine areas identified as being open to bids in the next ‘lithium auction’, three have already been removed, as well as all areas covered by Rede Natura 2000”

The role of APA is going to be critical In determining if Portugal is to have any future in lithium mining: “ Explained secretary of state for energy João Galamba the boroughs of Boticas, Argemela and Montalegre are still waiting for State-run environment agency APA to pronounce on projects, two of which have already approved. If APA comes back with a “negative decision” on any of them, “there will be no mining” at all – thus new bids at this point would be spurious.”
I imagine the environmental criteria will be tight but we are a “sitting tenant” at MdB which gives us a great advantage. Others hoping to apply for licences in any public auction are no doubt envious?

Sorry to see you go Muldoon, after so long. I thought it might be you selling over the last few months bearing in mind the intentions you expressed. My outlook is 100% more optimistic as you know but I respect your decision and wish you the best.

Rises of over 1000% on AIM have been achieved by at least 40 companies. Plenty of losses too of course but it’s still very doable. Think of ASOS - 162x return achieved without the Government legislating to phase out clothes from traditional suppliers?

As Henri Matisse said “There Are Always Flowers for Those Who Want To See Them”

Have you ever entertained the prospect that you might yet be successful here?

Just a random selection ....
BCN up 23% in 3 months after Gangfeng financing
Sayona Mining up 30% in 3 months
Lithium Intl up 20% in a month
Kidman Resources acquired by Wesfarmers in Oct at a premium of 44% Av price
Advantage Lithium up 15% in 6 months
Neo Lithium Up 50% in 6 months (feasibility study due H1 2020)
AVZ Minerals up 60% in 6 months - about to release DFS .......need I go on?

Tesla’s amazing SP growth is attracting attention to the sector. In the Wall St Journal the other day:
“ Tesla’s surge has helped lift shares of lithium producers to double-digit gains in 2020, powered by investors’ bets that demand for the electric-car battery component will outpace a recent supply glut.

Shares of Livent Corp., which has a lithium-extraction site in Argentina, have moved up 17% this year, while the stock for Albemarle Corp., a major producer with facilities in Chile and elsewhere, is up about 16%. American depositary receipts for Chile-based Sociedad Química y Minera de Chile SA, or SQM, have risen more than 13%.
The increases show how investors’ enthusiasm for Tesla has spread to companies and industries tied to the electric-vehicle market. Tesla’s stock is up around 85% so far in 2020, fueled in part by many investors’ belief that the company and Chief Executive Elon Musk stand poised to upend the automotive industry.”
This kind of interest has a habit of trickling down to the juniors including those about to publish feasibility studies!

“ lots of exciting announcements on investment to come in 2020”

Quite a lengthy Reuter’s article on the current stand-off. We are mentioned as are Fortesque who have applied for ~100 licenses in Portugal. I bet they are casting avaricious eyes on Mina di Barossa?
https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKBN2080GV

The answer would seem to be yes?

There was an issue a couple of years ago where the Spanish government approved a uranium mine close to the the border with Portugal without conducting a cross border environmental impact study. I imagine this is Portugal trying to take the lead by considering impacts of water and air pollution on their neighbours? Annoying but hopefully avoids challenges down the line?

Yes

Is “Cathargic” your new word Jonners? a mixture of cathartic and lethargic perhaps, caused by fear and despondency? I’m feeling a bit cathargic myself sitting in the bar at Atlanta airport after a hectic few days and waiting for my flight to London watching what may be the final passenger arrivals from China, faces hidden by germ-masks. Maybe it’s nature’s way of reducing air miles? Does nature love lithium mining? We await the environmental report.......

I suspect not as not tweeted but I’m encouraged that the Lusorecursos study was submitted on 6th January and clearly approved within a few weeks so no delay expected.
https://www.netnewspike.club/apprehensive-pan-with-action-by-environmental-organisms-after-lithium-evaluation-in/

Ps For clarification, this EIA approval appears to be for the Lusorecursos concession in Montalegre, not SAV’s.

https://www.portugalresident.com/hundreds-turn-out-in-protest-against-lithium-mining-pan-incredulous-over-environmental-go-ahead/

Another day, another demo. Just waiting for Chris Packham to show up. Interestingly the article suggests that environmental approval has been given which would of course be a significant milestone for lithium mining?

Welcome to AIM!