Member Info for ChameleonMan

The only way we can go is forward and I am sure we would all be happy with an SP of 14.8p from where we are now? I would even go as far as saying that this quiet period is a great buying opportunity with the possibility of 175% profit?

Nevertheless it is difficult to challenge any of the statements made in the report supporting a 14.8 p share price?

https://www.australianmining.com.au/news/altura-to-expand-lithium-project-with-chinese-backing/

Chinese battery maker Ningbo Shansan investing $22m in Altura. They battery makers want more Li and are helping miners to produce it.

Big buys, slightly bigger sells, money flying all over the place, backing the next winning prospect in the lithium market?

...... and that must surely be on the cards for SAV once the Mineral resource is fully defined and major investors can be sure of what they are investing in?

Nice to see a strong finish to the week with many buyers showing confidence in SAV’s prospects.

Nothing sinister to worry about then! With copper prices bolting past $6,000 the value of our assets in Oman must be increasing whether they are mined by SAV or sold. Alara still proceeding with their project and are now contracted to build a 1mtpa processing plant. Soon they will want more feedstock?

Topped up with £6.5k buy around lunchtime. Solid buying since until it finally ticked up to 4.75p.

“SAMA Global Investment (SAMA) advised Alara that it has entered an MOU with China Infrastructure Group Ltd (CIG). The MOU encompasses several projects of mutual interest, including the Al Hadeetha Copper Project in Oman. SAMA subsequently proposed utilising some or all of the EUR60m Investment Amount5 to acquire an equity stake in Alara and/or its related entities (Equity Sale) with any remaining Investment Amount to be utilised as a discretionary loan as per the Investment Agreement with Al Hadeetha Resources LLC dated 10 March 2019 (Investment Agreement).
To be clear, Alara is not seeking to reduce its direct interest in Al Hadeetha Resources LLC. The proposed Equity Sale, which is being considered in connection with the Investment Agreement, has potential to assist in the development of other copper projects in Oman besides the Al Hadeetha Copper Project.“
Could “other” include SAV’s Oman copper project?

Took advantage of these crazy low prices to get back up to 4M. Plenty of upside from here in the medium term. Very confident in holding this amount here but will also build ARCM for the copper.

Yes, a confidence builder! Has provoked a 20% rise in SP at the time of writing.

Are we in the doldrums again? Thank goodness that ARC Minerals seems to have caught a breeze! Up 30-40% since last week!

7p? That’s optimistic for you Jonners! If you believe it it’s surely worth spending some of that UCL Grant topping up at 4p? And by the way, when will we see that lithium-free battery from UCL you used to boast about? Jam tomorrow?

Agreed that SE Asia spodumene producers are ramping up production which feeds into Regional battery makers such as Gangfeng who nevertheless continue to invest heavily in Li miners outside the region e.g. BCN as a recent example. The European supply chain is yet to be established and a European spodumene producer is required for security of supply and quality control. The decision on whether to mine now or not will take place after the DFS is published by which time we may well be in an undersupply situation. The demand in China for EV transport both private and public is growing fast so the market continues to grow at a pace outstripping any other commodity I know of.

Not the first such deal and certainly not the last. Toyota invested $282m for a 15% stake in Orocobre last year . The investment was to help double lithium production at its Argentinian mine and with a view to building a Lithium Hydroxide plant in Japan. Great Wall now and Toyota before are securing sources for lithium mineral rather than just contracting supply of battery cells from manufacturers like CATl and Gangfeng. Elon Musk has also recently talked about getting Tesla involved in Li mining. The investment by VW in the Swedish Northvolt plant also underlines the need automakers feel to integrate supply chains through to cell manufacture. The need stems from supply security plus a realisation that Lithium miners are not finding it easy to get funding for production. Automakers have access to $ billions of investment capital and are more than happy to direct it to reduce their time to market for EV production and enable larger production volumes for the following 10-20 years. I believe the Toyota and Great Wall deals are only the beginning of direct automotive company investment in Lithium mining.

Thanks for the Mining Maven link Trisse! Encouraging to hear of the dialogue that is ongoing with the car industry, off-takers and mineral traders. I imagine the logical step would be to get the DFS done and dusted in H2 before signing up to any offers unless we get an offer we can’t refuse in the meantime?
I have reinvested my profits from trading BCN here just now. They were up some 27% on the day the known ( less than generous) deal with Gangfeng for their muddy product was confirmed. I am trying to imagine what might happen to SAV in the aftermath of a good offer for our high quality conventional-processing concentrate. Game-changing are the words that come to mind?

I’m up for that! I’m sure SAV’s good times will roll in due course and the beers will be flowing! In the interim have been dabbling in other lithium stocks and was lucky to have made a few bob on BCN. Cashed in today and out of courtesy explained my reasons on the BCN board, wishing them well for the future. Be grateful to be only branded a ramper! There is a thuggish element on the BCN board that didn’t take it well and described me as a known de-ramper with alternative identities! When you hear that sort of comment you know that something is awry and you are well rid. The comraderie of the SAV board is a welcome relief!

FYI my 23561 trade at £0.39175 is a sell. Just felt that BCN may be reaching saturation point with speculators ( by definition me on this occasion!). It’s all profit which I didn’t want to risk being wiped out by post-RNS heavy selling. Could have stayed for the longer term but the market seems to be very risk-averse on non-conventional processes. Also wasn’t sure how much Gangfeng could add from their experience with spodumene. Personally I’m backing SAV long term but I hope it works out for BCN too. Good luck to all long termers!

Stroga, when everyone you know is holding BCN shares we will have run out of buyers and that will be the time to sell!

Ah IB, your balanced view has been missed of late. For sure these broker’s notes are not written to provide caution to would-be investors. Probably no less optimistic than the CEOs they survey/interview to provide the base data? I’m not a fan however of holding analysts to account for their forecasts as I’m sure you understand!