Member Info for ChameleonMan

.....no more ( no less) than the issue of a mining licence, reading page 2? Official reason is a halt to ensure an orderly market but Alara have always been good at their own PR so are making the most of the opportunity to draw attention. Still it does SAV no harm ( a lottery ticket you can still buy!). P.s. glad to see we are talking about Oman again!

Looks more like a bit of showmanship from Alara to attract attention?

I note that MRG Metals have decided to pursue the acquisition of the mineral sands mining leases (subject to shareholder approval. https://smallcaps.com.au/mrg-metals-heavy-mineral-sands-projects-mozambique-2/ These were in part previously drilled by Rio. Meanwhile the Aussie SEC is suing Rio and former directors over the coal asset debacle in Moz. https://www.wsj.com/articles/australia-broadens-legal-action-against-mining-titan-rio-tinto-1525144032 Can Rio have any remaining credibility in Moz? Not surprising that they appear happy for SAV to take the lead and become majority owner in time?

Quite so! I note that Mining Global, Mining Journal and Proactive are talking about it!

.....or where the SP surges 57% on Oman progress ( as per Alara)!

Forget about Oman? Really? Forgive me if I am reluctant to forget the purchase price of $6.5 million and USD$3.0m deferred cash and shares for blocks 4 and 5 together with $4.5 million expenditure for block 4, the database acquisition which was supposed to save $millions and the years of drilling? Not relevant anymore? Really? Show me one statement from SAV that suggests this. This was described by DA as a “significant copper resource” which if I recall correctly is still an energy metal alongside lithium? I am willing to forget about the gold that was also alluded to but the copper, no. How do you envisage monetising the investment in Oman other than sticking with it through to mining? Selling it? Show me the buyer. What surprises me most is that some people seem to be agreeing with you. If you are correct, I have been led up the garden path! Anyone share my view?

What are the “offers on the table”?

I note the first mention that like Alara, SAV were actually involved in the Labs of Tanfeedh. Seems like the Oman doubters, agnostics and atheists were wrong after all?

Smart move by them getting involved in the Labs of Tanfeedh it seems? Should SAV have been represented I wonder? Still, Oman has passed wind and we may yet get a sniff of it!

The usual battle between the optimists and pessimists takes place on both the board and the trading platforms. Yesterday the optimists made ground and today the pessimists regained it. The AGM may settle it, or it may not. Frustrating, isn’t it! I’m pulling for the optimists but the negative price action today before the likelihood of news still surprises me.

Day traders I’m afraid! Example: first trade of the day 5181 shares bought at 08:00 @ 5.92, sold 5181 shares @ 6.244 at 13:47. Etc... Maybe some of today’s buyers will think of staying beyond the end of the day? We are only just at price levels held for the first 3 months of the year before any of the recent news releases. It doesn’t take a grim weasel to tell me that we should and will be going much higher!

SAV share the same views on cooperation as Alara- “To support near term development objectives, Savannah continues to assess a number of potential production routes relating to the establishment of a central processing facility in Oman. Leveraging shared infrastructure with other local operators will help minimise capital expenditure and maximise operating margins.“ Recommissioning an old smelter should be quicker than building new if only for the saving in planning applications?

Today’s update suggests they are on the cusp of obtaining a licence. This comment “The Company is keen to support development of a broader copper strategy for Oman, including consolidation of copper assets to create project synergies and additional downstream value propositions.” sounds like an overture to SAV? Could we see a JV between SAV and Alara in Oman?

Reasons for short-term price falls are a matter of opinion but are of little interest to anyone here other than gloaters on the sidelines. Few who are invested here actually care about drops and in fact welcome the opportunity to load up at lower prices. What we are here for is long term potential gains and the path towards this is clear. Oman and Moz are held up for mining licence approval for sure but we have a licence in Portugal which only a fool would write-down on the grounds of the funding required to exploit this huge sought after resource.

Hardly justifies a 15% price drop?

The RNS is a helpful clarification and the actions to complete the PFS continue as before while the licence is debated. Our value add is earning a bigger share of the project which will be monitized when we go into production or are bought out. The short-term action will be Portugal and SAV’s management team should be judged by what they can pull off there, particularly with regard to offtake agreements.

Demand forecast grows, offtake deals are done, more investment required. We are in the right place at the right time....... “Demand for the metal is set to grow by 600,000 to 800,000 tonnes of lithium carbonate equivalent over the next 10 years, Daniel Jimenez, senior commercial vice president at SQM, said at a conference in Shanghai.” “Some original equipment manufacturers, such as battery producers and some car manufacturers, “have started to get involved in lithium projects, financing or co-financing the development,” he said. In fact, last year Australian lithium miner Pilbara Minerals (ASX:PLS) signed an offtake deal with Chinese carmaker Great Wall Motor (HKEX:2333). Earlier in 2018, Toyota Group (TSE:7203) acquired a 15-percent stake in lithium producer Orocobre (ASX:ORE) Meanwhile, carmakers such as BMW (EBR:BMW) and Volkswagen (FWB:VOW) continue to look for ways to secure long-term lithium supply for future EV production. “This is a trend we will probably continue seeing because there is a legitimate concern on the side of the vehicle manufacturers” over the reliability of supply sources, Jimenez said. Similarly, lithium analysts expect long-term supply deals to become more common in the near future. London-based firm Benchmark Mineral Intelligence estimates a number of lithium/auto deals will be struck in the next 24 months.” https://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/sqm-says-lithium-market-needs-us10-billion-investment-over-next-decade/

They do love their committees in Oman! http://timesofoman.com/article/132496/Oman/Majlis-Al-Shura-for-boosting-local-community-investment-in-mining-sector Is this the problem? They love talk and are reserved on action?

Really? Zero? You do surprise me!

I am convinced that it will require legislation and subsidy to wean us off the internal combustion engine. A car that makes no noise other than tyre screeching is of little joy to the petrol-head that lurks in most of us. There may be a tendency to keep buying petrol/diesel cars while we still can? However, provide subsidy, free parking/charging points and no congestion charge or road tolls and it begins to appeal for urban driving.