Member Info for DormanLongNY

Surely these significant wealthy Portuguese holders will have influence and connections at government level, so I reckon the future is very bright. Long term holder, over 10 years, how time flies!

Any ideas why rising gold price and can it be sustainable? Is in now considered more of a safe option than Bitcoin, etc and ??
Still need a big rise in SP to break even, but hoping !

The potential for the SAV MdB mine is massive when you look at the price of Spodumene today and predicted prices in the next few years. We are looking at the mine generating billions of pounds of revenue over the mine life, which will be at least 20 years.
Best to buy in at a relatively low price while you can.
Yes, EIA approval is required, I know, but there has been some very positive ongoing discussions between APA and SAV.

One thing is certain, the demand for Li ore will continue to increase massively over the coming years. EU wants to be a manufacturing powerhouse of green technology, so still positive re the MdB mine.
Thanks for your comments ironknut, Boro have a new manager, who is doing a great job, so keep watching,

Companies placing batteries on the EU internal market will have to demonstrate that the materials used for their manufacturing were sourced responsibly. This means that social and environmental risks associated with the extraction, processing and trading of the raw materials used for the battery manufacturing will have to be identified and mitigated. - Hmm, reckon MdB mine ticks all the boxes, once we get the EIA approval !

So many great reasons to buy SAV shares. A bargain price when considering over £1 billion of Li in the ground at MdB. High quality Li ore, easy to mine so low IRR. Galp and others are to build Li refineries in Portugal. In a European country with a massive EU market for EV cars. And EU car companies have deep pockets. Recognise that we need to get EIA approval but it is now looking much more positive now we have some definite dates from APA. A recent article stated that over 30 new Li mines are required by the end of 2030 to meet demand for EV batteries.

Surely APA would not waste their time in assessing an EIA which comprised ‘disputed’ land. Likewise SAV. About time the Portuguese government gave its support to SAV, via public announcements of the importance of Li mining to the future Portuguese economy.

I’m sure that SAV/ Dale will be very proactive with the APA to ensure all the necessary additions/ clarifications to the EIA will be addressed as quickly as possible. Most importantly I’m sure SAV will be asking those key questions which will help SAV progress their DFS NOW, particularly those issues which will require a piece of work by SAV. So, reckon several work streams are been progressed rapidly by SAV and the APA to avoid any more delays, and hopefully to speed things up. I can imagine Dale has a massive To Do list, which he is ensuring his Team are progressing at pace.

Reminder that one of the EU’s key projects is the industrial decarbonisation of EU countries. Consequently massive funds have been made available, particularly for the transformational change to EV cars. So, I am very confident that the MdB mine will be built, to exacting ESG standards, so helping Portugal be a contributor to industrial decarbonisation of the EU.Also, Galp are a key player in the industrial decarbonisation of Portugal, E.g. use of hydrogen, and in a few years time hopefully the use of SAV Li ore in the production of battery quality Li.

Recent news has been mixed, but no doubt that the demand for Lithium will increase more and more as demand for EV cars continues to increase. Really believe the influence of the EU leaders, EU money promised to Portugal, and EU car manufacturers will ensure the the MdB mine is built, albeit later than expected. Patience is needed again, but their will be a pot of gold at the end of the SAV rainbow/ journey.

On local news tonight, the massive EV gigafactory in Blyth, Northumberland is recruiting hundreds of jobs, as construction work has started.
EV battery production to commence late 2024, and interestingly the Sav MdB mine to start producing/ mining Li ore in 2025, hopefully.

DA has posted on his LinkedIn page the following article - Anglo-Portuguese Alliance
Good to see that despite the ebb and flow of the broader European relationship, the almost 650 year old alliance between the United Kingdom and Portugal remains a bedrock feature of their relations which was underscored by the meeting yesterday in London between Boris Johnson and António Costa. This resulted in the signature of a bilateral agreement intended to boost trade, investment and research co-operation.

I work in steel industry r & d and there is a massive push in Europe mainland and the UK to decarbonise the steel industry using H2 in place of coke/co2 and to use h2 as a fuel in reheat furnaces. Tens of millions pounds are been given by the EU / horizon 2020, etc, to undertake the development of this technology. The uk is giving money via Innovate uk to the steel industry.
Reckon in the next few years we will be all amazed at how many EV cars will be sold in the UK / definitely disruptive technology hence all the big car companies are spending billions and billions of pounds on transforming their factories to make EV cars.

Reckon hydrogen will be used for trains and buses, etc, but I would not like to drive a hydrogen car - which some people say is a pressurised bomb. I live in the north east of England and hundred of houses in my town are to start using hydrogen and not gas. Fortunately not my house, as I have read about the Hindenburg. However I do recognise that safety systems re hydrogen have improved significantly over the years. So, still believing for millions of EV’s cars powered by Li batteries with some Li from the MdB mine :)

IK - it’s patience coupled with numerous facts that keep us LTH’s sane and keeping the faith. One big fact is that by 2025 EV car production in Europe will require thousands of tonnes of refined Li.

DA’s comments on LinkedIn re yesterdays meeting, as expected a positive overview: Galp Electric Summit - Enabling Value Creation and a Just Energy Transition
Yesterday, I spoke at Galp’s Portugal Energy conference in Lisbon, in a panel discussion on the lithium value chain with @Enrique Abad Perez from Galp, @Sofia Simões from the National Energy and Geology Laboratory and Cristobal Moreno, from Aurora.
Portugal has a wonderful opportunity with lithium - this vital 21st century metal. It will anchor Portugal at the top end of the lithium value chain in Europe and has already catalysed the development of plans for value adding conversion plants that could total over €1b in capital investment. It provides momentum for Portugal in particular, and for the Iberian Peninsula more generally and complements and strengthens the transition to EV production on the Peninsula.
We believe that Savannah’s Barroso Lithium Project will place Portugal at the forefront of the lithium value chain while being a showcase example of responsible, decarbonised mineral production in Europe. At the same time it will play a key role in building strategic resilience for Europe as it resolves its dependencies on Russian oil and gas.

Whilst the EIA approval is massively frustrating for us all, imagine if it had been approved last year the offtake agreement would not of been that great. As alluded to by M King, Sav is in a great position to get a brilliant off take or partnership agreement that will ultimately give the share price a rocket boost, as high Li prices are here to stay (perhaps not 800%) but much higher than the value used in SAV’s previous financial studies.

Reminder that Sav agm and portugese presentation tomorrow - DA involved in both. Hoping that the Portuguese meeting has some good outcomes re Lithium mining for Portugal and the EU.

Bloomberg article - Jaguar Land Rover, is in talks with Northvolt AB and SVolt Energy - Almost a decade after playing home to Europe’s first mass-produced electric car, the UK is at risk of becoming a footnote in the global auto industry’s shift to battery-powered vehicles.
The UK lacks the cell and pack factories - country’s top auto manufacturer, Jaguar Land Rover, is in talks with Northvolt AB and SVolt Energy Technology Co. about supplying batteries for a range of EVs it may assemble in Slovakia, according to people familiar with the matter.
The window to attract battery makers is narrowing, with European governments lining up big support packages that have made them more attractive for investment. EU countries have collectively pledged more than 6 billion euros ($6.3 billion) in public spending to build up the industry, an investment they say will unlock another $14 billion euros in private funds.
This month, VW said it was pushing ahead with plans for a 10 billion-euro EV battery and vehicle production hub at its Seat brand plants in Martorell and Pamplona, SPAIN.
Hope DA’s discussions with VW are nearing a positive conclusion- OK, I am speculating but DA has stated that SAV have had plenty of interest in their Li and he likes a VW car picture on the wall when been interviewed.

I’m sure that European car manufacturers (VW, Peugeot. Ford, Volvo, Renault, BMW, etc) have been saying, for a number of years, to the EU policy makers/ top officials, that you want us to rely on EU raw materials with excellent ESG credentials, but hang on where is the Li you promised. Hence this EU Raw Materials summit and I am sure many other high level meetings, to get things moving.