Member Info for DormanLongNY

Please could somebody advise me on why my Halifax share dealing account no longer prices my Calidus shares, only states Book Cost and Holding. Not sure if Halifax sent me a notification a long time ago, can’t remember !
Thank God for the free Calidus shares, as KRS is a very slow burn. The only saving grace is that steel demand will continue to increase worldwide year by year and all steels contain Manganese. Thanks in advance.

Think some of the previous posters have answered your questions. Clearly, the Portuguese government recognise the need to have a bigger industrial base in the country to drive the economy and Li mining and a Li refinery, will surely fit the bill. I don’t think a few hundreds protesters will stop these key industrial developments in the future, as the EU are desperate for their own supply of Li.

Why sell now - looking more and more a certainty re EIA approval, which will then enable very lucrative off take deals to be finalised. Or SAV could put the for sake sign up, either way the share price is ripe for a significant rerate. They say that owning a Li mine is the 21st century equivalent of owning a gold mine!! So, if you can hang on to your shares for a few more weeks at least, DYOR.

Reminder on positives re SAV. High quality grade of Li ore, low purity ideal for making Li for car batteries. Very low Capex and mining costs, so payback in a few years. Mine in a safe country.

Rumour has it - well Daily Express- that the reason the RIO licence was revoked by Serbia was probably due to Novak’s deportation from Australia - unbelievable but possible, the Serbian PM and others were right upset because Novak could not play tennis in Australia.
Perhaps RIO will look for a friendly face and company, hmmm, David Archer and SAV ?

And don’t forget that Savannah Resources are very likely to have environmental approval for a mine in Portugal very soon. Europe needs as many Li mines as possible to ensure they don’t have to rely on China.

Have been a holder for many many years and SAV is now in a great position, physically and financially - assuming granting of EIA. Have a Li mine in stable Europe is a big plus, with demand for Li rocketing making the mine possibly worth over billion ponds - see previous posts.
So, making a decision to hold or sell, looking at the facts then surely it is a hold, for at least a few months to make some ‘good’ money. Remember DA has some very good contacts at RIO who have very deep pockets.

Thanks for your comments, but as stated some time ago, the Montalegre project compared to MdB/ SAV is like chalk and cheese. The massive doc for EIA by SAV was over a thousand pages and took many, many moths to produce. So, extremely confident of approval, and this SAV will have a showcase ESG mine, probably in best world class, which Rio or ?? will be proud to own. Join the dots…..

Agree, as car manufacturers are desperate for high quality battery grade Li, with SAV having a high grade Li ore. I just wondered if DA let Moz go on the cheap because he knew he was going to make big money from MdB, but as IB stated previously, once we have the green light on the EIA submission - will happen very soon. So, a bargain share price when you consider the size of MdB and the ever ascending price for Li due to massive demand, as EV’s are now the car to buy in so many countries.

With very tight global supplies of Li then car manufacturers must surely be forced to buy or have part ownership of Li mines. Car manufacturers won’t want to repeat their mistakes they made with the supplies of silicon chips.
Interesting times ahead, a bargain share price at the moment.

A new design of LITHIUM battery used by Merc in a concept car has a range of 1000km . Great news for Li miners and Jonners !!
MERCEDES-BENZ UNVEILS SPORTY, ULTRA-LONG-RANGE VISION EQXX ELECTRIC CONCEPT CAR - The German automaker claims improved aerodynamics and battery efficiency allows for 1,000 km of range.

Whilst in the production of steel via the EAF route will increase in the next 3 decades, alongside increased demand for steel products, iron ore demand will still be massive for the production of steel via the Blast Furnace route.
Experts forecast steel production in 2040 to be about 2000Mt/yr , with 1000Mt via the iron ore/ BF route. Even in 2060 iron ore demand will be similar to 2040.
Like many commodities, iron ore prices will fluctuate up and down, but iron ore mining will always make money if you have a good quality ore and efficient operations.

Thanks TC- translation of part of article is: With a share of 1.6 percent of world production in 2019, Portugal is currently the largest lithium producer in Europe, but the country's lithium is not marketed to the automotive sector, but to ceramic and glassware manufacturers.
Savannah Resources (AIM: SAV) is advancing work on its proposed Mina do Barroso lithium mine in Portugal and plans to publish a final feasibility study for the project shortly. Mina do Barroso is set to become Europe's first major producer of spodumene, a hard rock form of lithium.

From DA on LinkedIn this morning
- Iberian lithium has never been closer – a consistent business case supported by the EU’s green agenda in what many consider the largest reserves in Europe.
I had the chance to go over Savannah’s investment in Portugal’s Barroso Lithium Project with the national newspaper, Expresso. Could not be a better time as we see other business leaders active in the value chain with the recently announced JV between Galp and Northvolt for a lithium refinery in Portugal.
Savannah’s investment kicked off in Portugal in 2017 with a vision for responsible and technologically advanced mineral production while providing a series of benefits for communities while brining new national investment.

PI - do you use a mobile phone, have a TV, ever used public transport, own a car - If yes to any of these then your aligning yourself with NIMBYS - not in my back yard. Like all the massive benefits of mine products, such as, iron ore to make steel, but don’t want to have a large job creating industry in my back yard/ town or city. Best move to the Sahara Desert were you can live guilt free without using mined products.

So, we have 3 predicted share prices, of 10, 18 and 55p. I’ll be happy with the average of these 3 predictions at 28p!!
Cone on SAV let’s see your PR Dept swing into action as a lot happening. Or are you waiting for official confirmation of EIA ?

Compared to many of our Li peers we are very undervalued, particularly as SAV has a great product - very low impurities in the Li ore - and a European location. And most importantly we should be first to mine in Europe and therefore make money !

Confused re comments- In the EU, a clutch of new batterymaking capacity will find it hard to source lithium locally with European Metals' Cinovec project in the Czech Republic, the region's first battery-grade lithium mine, set to start up in 2024 . I read somewhere that this mine was due to open on 2027, can anybody clarify. Thanks.

Thanks EV, v good article. A big issue for British Steel and Tata Steel is who will pay for the billions of pounds of investments required to become UK green steel producers. China and India will keep producing very lost cost steel for decades using iron ore, whilst the Uk steel industry could be burdened with massive debts. Certainly interesting times for the European steel industry. I have worked at British Steel S****horpe, sadly it is now owned by the Chinese!

I work in the steel industry and whilst in the EU the push is for green iron and steel production using hydrogen technology.
But China - over one billion tonnes of steel produced in 2020 (1.878 billion in total world steel production) - will use mostly the iron blast furnace and hence iron ore for at least the next three decades, due to abundance of coal/ coke, etc.