Member Info for Dave77

Punj 8p by new year! Lol

Inbrackets, but you have to admit Momentum is starting here!

Check it out. News soon

Good to see buys and the board alive. Come on Sav!

Got to be getting closer, good to see DA being proactive and pushing the benefits.

Early Xmas RNS? Can only hope.

Mick, I defo think after the EIA is approved that would be the time for another to take SAV out. Obv im clutching at straws at the buy out price but was trying to get other to speak about the share.

Chameleon, be good if Bob did turn up, be interesting to hear others views.

Profit was based on the low side

IMO it is more than likely that when the EIA is approved and before take offs can be signed that one of the three will take over the mine, Rio as Sav already has links with them, as with GALP but Vulcan is signing agreements right left and centre. If no further resource increase, the mine is valued at $356million as of July 2021, into £ is £268mill. around 3.5 times our MCAP. Around 13p a share. Id suggest SAV is being watched.

175,000 tones per year at profit of around $400 a ton, increasing all the time is $ 70 million a year.
However how can a company that has aspirations to be the biggest EV manufacturer in the world, VW control the cost of their lithium batteries, by owning the largest mine in Europe. The cost per ton at Barrasso is around $275. If I have thought of this, sure they will have too.
Could we get a bidding war?

As they have recently signed a DFS to allow a Canadien mining co

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2021/Ascendant-Resources-Signs-Definitive-Mining-Concession-Contract-for-Its-Lagoa-Salgada-Project-in-the-Iberian-Pyrite-Belt-Portugal/default.aspx

By end of 2021, again 20 days or so. Posted yesterday that VW was considering investing in a mine as part of their substation 5 year investment plan. VW meeting was 09.12.21. perhaps in conjunction with GALP as SAV is still in communication with them.

Due to working within EU regulations and work ethics (not like china) the product will have a better demand due to a being higher ethical product and less miles to travel, carbon footprint.

SP on the bid 3.8p, app £69 mill MCAP.

EIA will kick start this. Sav thinks it should come Q4 21, only 21 days to go.

27Mt my mistake, with upside. This share needs to be noticed more

When approved, Sav hopefully will be tapping into the below

https://ec.europa.eu/commission/presscorner/detail/en/ip_21_4025

To then increase Portugal GDP from the mine over the next 10-15 years.

I understand its not the EUs decision, but how much will the EU pressure Portugal and how many euros will they push to persuade Portugal to mine that lithium. Is the population ion the locality of the mine not around 270 people.

https://www.crmalliance.eu/post/ep-plenary-adopts-report-on-critical-raw-materials

https://tradingeconomics.com/commodity/lithium

https://www.reuters.com/markets/commodities/soaring-lithium-prices-spur-changes-supply-contracts-2021-11-23/

Sav has 14m ton which will be upgraded to a higher resource.

https://www.thisismoney.co.uk/money/investing/article-5824713/How-uranium-lithium-power-portfolio-thanks-mining-new-Costa-Cash.html

Has someone got access to a cheap broker, looks like someone is buying and getting a really good price. The unknowns must be over 10 million in the last two weeks.
While we also have a seller.
Praying for good news to land before Xmas.

VW looking to become a share holder of a miner! What a RNS that would be. I mean if SAV has the largest deposit in Europe and a MCAP of less than £70 million, would it not be the obvious choice for VW.
Hence the flag waving!!

https://www.reuters.com/markets/commodities/vw-expects-battery-raw-material-drive-cost-up-34-bln-2021-12-01/