Member Info for ChameleonMan

September is here and yet nothing to be heard but the sound of breathless anticipation! So many possibilities but so little guidance on progress. Weather must be nice in Portugal this time of year? A postcard wouldn’t go amiss?

My only surprise was that PAM let Alara get on with it before the Royal Assent. SAV remains one of the “coiled springs” it seems so just need the Sultan to pull the trigger now.

As usual, more to be learnt from Alara from update today- “Oman Mining Sector Growth Increasing international interest in Oman’s mining industry is providing support for the sector’s continuing growth. Oman’s GDP from mining increased to 151.50 OMR Million (~AUD$540m) in 2017 from 131 OMR Million (~AUD$468m) in 2016. The sector has also reported growth of ~20% over the past year3 and the Public Authority for Mining’s aim is to double GDP from the sector4 by 2020. The new mining law has passed Shura Council (Lower House) and State Council (Upper House) preparatory to receiving the Sultan’s royal assent. With one copper mining licence granted and others pending, Alara and its JV partners (in exploration, mine development and drilling services) are well placed to capitalise on Oman’s re-invigorated mining sector which is spring-loaded for future growth.”

There’s not much to comment on here to support either comfort or despair. Nothing has changed during the last month or so. The fundamentals remain the same, the money from the recent funding is in the bank and holes continue to be drilled in Portugal. The only irritant is the persistent seller of 100,000 blocks. Like wasps in summer it’s a nuisance that bothers some more than others.

Did you actually need to go to London or did you just fancy a gloat at the Neanderthals burning dinosaur bones? Rember that £1.50 could have bought you 18 SAV shares. Just sayin’! :)

No but it’s appearances that count and this was RNS’d for all to see and react to. If the sale had been exactly equal to stake price plus tax due that would be one thing but it looks like he has taken some profit too? It would have been ok at a higher SP but while the price is struggling it’s very stupid. They might have given him a loan instead?

If your “defibulator” detects fibs it could be very useful on AIM! Meanwhile today’s lurch in price was predictable after the director trade and needs to be recovered quickly with some positive news update before a rot sets in. Great buying opportunity!

I will leave the metal detecting to Dale and team I think! Reminds me that £1 buys only a dozen shares in SAV these days when a few years ago I could buy 50! Money well spent!

Muldoon, how much are you holding now? Are you planning to start your own fund? When is the next RNS out and what will it say? One big trade today and you seem to have been credited with mystic powers by the Newbies? I always knew that self-deprecating manner of yours was disguising a mind like a steel trap!

Caught them napping?

Brilliant Muldoon! I knew you would find some loose change! “Good for those lucky ones with more spare cash.” Ha, lucky indeed!

Are you “Veteran” reinvented by any chance? You have a similar ability to state the bleedin’ obvious as though you were a prophet of doom? As AimTD says, no one gives a toss about short-term price movements. Try reinventing yourself again as someone with a more positive outlook? You will enjoy a much better life!

Not sure if developing this asset was ever ruled out or was it just overshadowed by Portugal? Keliber seems to be keen?

These pro-forms “bot” reports are not worth posting Erebooni. But seriously- who is selling these big chunks today?

Issue of the licence and publication of the PFS will be major inflection points for SAV’s valuation. The PFS alone will see our ownership of the project increase by 75%. Should be worth more than a few pence on the SP?

Could be. Apparently a lot of speculators have been shorting lithium miners and may get squeezed ?

It’s good to be cautious and ask questions but just make sure you are asking the right questions. Funding, long term is an appropriate question and you should read Iceberg’s blog comparing SAV with BCN. SAV is very fundable as was shown by the last placement and the projections here http://icebergshares.blogspot.com/?m=1 If you are still concerned about short term price movements drip the investment in as I have done, £5k at a time. If you are getting under 9p, you are doing very well vs placement participants.

Indeed! Makes the “its going to plummet” prophecy from some deep thinkers on here look like fake news?

Well done - anyone getting in under the placement price of 9p. has done very well in my view!

Moved to CM1 for first job at GEC Marconi in ‘76. Never looked back! You can look out for me on the Chelmer navigation in NB Chameleon!