Member Info for ChameleonMan

You must be in Chelmsford like me?

Muldoon, the weather is improving! Are you by chance off to the Rize festival to shake your stuff in the mosh-pit?

Last chance for cheap shares? That RNS couldn’t have been better timed to provide another buy-in opportunity!

Indeed, I hoovered a parcel up this morning - getting closer to my 4 mil target. The shenanigans of the Portuguese mining authority only serves to value the licence we already have. They are not going to give any more licences away below premium price!

Me too! Just had £5ks worth!

Before rushing off to “plummet” in the morning, do bother to read the RNS? Theses are exploratory plots with no exploratory work done I.e no cost has been incurred. They are peripheral to the main thrust of this project which has a 30 year licence and a value about to be greatly increased!

Don’t punish Muldoon for being gloomy -it’s just his style and he has a huge stake in the success of this company! Embrace the gloom as an opportunity to buy more at low prices while the lower sentiment lasts.

Such pessimism amongst our biggest LTHs is very encouraging! It suggests to me that there is little further downside as sentiment is unlikely to worsen. It wasn’t long ago that someone was posting that there could be no upside if Oman or Moz came through as it was already baked into the price. Now it seems the perception is that there is virtually zero in the current price? Fantastic! So here we are in Oman with a full hand of the required “no objections”, a neighbouring miner recently licensed for copper exploration, Omangov policy continuing to promote the mining sector- new laws, new strategy, labs etc. And everyone seems to have given up on it because it’s taking longer than expected? Woohoo! When the licence arrives (any day now?) what will my <1p Oman stake be worth then? 5p, 10 p? The cry will then be “ why didn’t I buy more at a lucky 8.8888?!”

Largely building materials mining it would seem and up to December 2017. Not a mention of copper. Seems like the intrepid Observer has been reading the PAM annual report or similar? Maybe they could get off their butts and find out what is actually delaying our licence?

Cant quite work out who bought what from whom but I imagine the financial advisor wished he’d asked for a part cash payment for his diligent work? I’m sure he expected the current price to be a lot higher than the placement price by now?

Environmentalists look away! https://www.wired.co.uk/article/lithium-batteries-environment-impact At least shows that hard-rock mining is less polluting! However there is no such thing as clean energy it seems?

Today I have as much patience as my young grandson when faced with an empty beach and a bucket and spade in his hands!

Reading this https://www.livewiremarkets.com/wires/mdl-takeover-shines-spotlight-on-juniors-exposed-to-soaring-mineral-sands-prices It’s the first in a long time that I wished we were further along in Moz. Mineral prices up, supply tightening, miners being acquired and investors wanting exposure to the sector. Added to this, Rio have had violent labour problems in South Africa leading to the closure of its operations in Richards Bay. https://www.mining-technology.com/news/protests-force-closure-of-rio-tinto-mineral-sands-operation/ Wouldn’t be illogical to think that Rio would be keen to get started in Moz too? Now where is that mining license?

Welcome on board Ereboobi. I would say you have bought in at a good time - comfortably below the recent oversubscribed placement price and with plenty of news to come in all three main projects.

Someone caught a whiff of the resource upgrade cooking?

....due about now based on previous time lag from drill results (as pointed out by IB)? Don’t mind if it’s delayed a bit as there is little traction in financial markets presently!

... but absolutely no reaction from the ASX! Languishing at 27 cents, almost half the year’s peaks. All commodity markets seem flattened by trade wars etc.

From what I recall, SAV’s plan is to supply the Chinese battery industry first and foremost, then the European market when the EV battery industry is created. Whether that is in Portugal or Germany or somewhere else is equally manageable.

I think the problem with Omangov is that they like to be at least consulted and at worst be in control of press statements. Recall if you will the gold discovery debacle of a few years ago. Probably not worth upsetting them at this stage when everything points to their support for SAV’s project. Anything said by SAV now would be pure speculation over Omangov actions which would not be diplomatic. We don’t want to rock the boat now and risk being as popular as a Canadian diplomat in Saudi!

I knew there was more to that 222222 trade - a hidden message to get all your ducks in a row perhaps?