Member Info for ChameleonMan

Yes I’ve been waiting for sub 6p to top up - just had another £5k’s worth. I think it’s what they call a “no- brainier” ?

I agree and until this has an indisputable £valuation in the closing paragraph, few are able to do the sums with the numbers we have at present. Having said that, all the boxes which might be required to be ticked by battery manufacturers are being ticked ( resource size, metallurgical grade, mining licence, accessibility etc.). On the demand side, just look at the number of mainstream electric vehicles from the established marques being launched at the Geneva motor show, all needing Lithium batteries. This is a seismic shift for the motor industry. At the moment SAV is a micro cap company that few have heard of but that will change once an offtake agreement has been signed with a major battery manufacturer or even an automotive major looking to secure Li supply. Until then I believe this is great time for long term investors to continue building a stake at these low prices.

Must be something in it for them unless they are completely incompetent, which I doubt? Perhaps they need more low grade ore to fill the smelter? Perhaps they hope to improve the grades? Who knows why but they are doing it anyway!

“ Positive developments within Oman’s mining sector, growing demand for copper, and the opportunity to create greater value through project collaboration, show the addition of Block 8 makes good sense for the Company and for copper mining in Oman.”

I note that they are acquiring further copper/ gold exploration in Oman.

So are you suggesting that the price rising effect of yesterday’s resource RNS was dampened about 10% because it was released the day after a downbeat report from Morgan Stanley? That’s either very bad luck or very bad timing? In either case you may as well buy more undervalued SAV shares rather than Pilbara and the rising tide will float all boats anyway!

Ah Muldoon, ignore the fickle traders. Hold and prosper!

....any day now? Looking for some continuing growth!

On the rebound today with vigour and heading back towards 8p and above?

Yes they seem to be establishing a beachhead. I feel I know more about Alara’s progress in Oman from their regular dispatches and I’m not even invested in them. SAV seem to work on a need to know “don’t tell them Pike” basis!

http://www.alararesources.com/irm/PDF/2465_0/ProjectLicenceUpdate

An Economic Activities License at least!

I wonder when the public transport planners will realise that the electrified trolley bus of my youth was by far the most efficient, pollution-free, low noise way of travelling along prescribed routes. No batteries required, no lithium, but plenty of copper!

Yes, 3 months have gone by since the last Oman update with licence expected by end of 2017 I seem to recall? Clearly holding back for a positive announcement but it gets to the point where a “still waiting” update is due and a revised production start date? Perhaps we will have to wait for the annual report, due in a week or so?

Relax, not ours but Crusaders: http://m.miningweekly.com/article/gold-focused-crusader-puts-brazil-portugal-lithium-assets-up-for-sale-2018-02-13/rep_id:3861 Could be of interest to SAV?

Also a happy paddler as long as we don’t head up the unmentionable creek!

I’m glad you mentioned Musk as that was one of the most impressive feats of science and engineering I have ever seen. Mining lithium or copper is hardly rocket science in comparison!

.....and the FTSE follows and presumably AIM too. Still it gives folks the chance to buy here at under 6p which hasn’t happened often recently. Looks like it’s largely you and me holding the conversation threads again? Richy seems to have quit the field once more as has ‘to Death’ with his voluminous posts. No gloom from Muldoon either? Is there a party somewhere that we haven’t been invited to?

Director buying $24k worth in expression of confidence of Oman news no doubt?

Crossed posts IB. I didn’t use a calculator btw!