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Just trying to process this - thanks Starrfox.
It is crucial that the Portugal gov. have the ultimate authority in these matters. I'm all for concessions/cooperation/clarity/responsibility from SAV, but the majority of locals will NEVER be won over whatever arguments might be set before them. There will be opposition, whatever SAV do. Yet, I still believe our case is compelling for many reasons - and I hope the Portugese gov see it this way too!
Well, what a kick in the teeth that was today. I’m not exactly a LTH (only been in since Oct 2021), but I have accumulated a large position in the past 9 months and I really thought we were on the brink of great things. Today was a painful disappointment – which I’m sure many of you also feel.
I remain a strong holder and look for a brighter future, but for tonight I shall break upon the brandy and drown my sorrows. Best of luck to you all – and may we see a swift reversal soon.
https://twitter.com/RodneyHooper13/status/1541924771641819138
Indeed, Inbrackets. I'm very surprised by that investment, given the seeming lack of proof of comercial viability from Vulcan. As I understand it, shorters have been going after Vulcan for some time now - for that very reason.
Whatever the case, I much prefer SAV's hard rock, open pit mining proposal. It looks a safer bet, particularly in a world which is not exactly flush with cash at the moment.
https://www.reuters.com/business/sustainable-business/portugal-picks-companies-8-bln-investment-green-projects-2022-06-21/
Anyone able to find more details on this?
Indeed, that's another concern - but Portugal has received a not inconisderable amount in EU grants in recent months - if I recall correctly. And the Aurora project looks (to my mind, at least) on shaky ground without a guarnteed li supplier; one would hope the powers that be are acutely aware of that fact.
"Never mind Motley Fool why have smart investors not been calmly buying into Sav. for some time now ?"
I think that is a very reasonable question Iron. I'm cautiously hopeful of developments for SAV, but the current SP does confuse, and slightly worry me. My hope is that the 'shrewd city money' is merely holding back until they know it's a sure thing, but I could be totally wrong, and there may instead be general scepticism about the entire project.
A definite conundrum...
Interesting previous speculation on whether the UNECE decision being is current APA roadblock. However, their provisional meeting itinerary for this week: https://unece.org/sites/default/files/2022-06/CC75_prov_timeline_v08.06.2022.pdf
gives no specific coverage for the Portugal C186 (beyond inclusion in a v. short overall review).
What does this mean? Beats me! Just trying to figure out what is holding us all up!
Just sitting on my hands here, watching as closely as I can. One thing that I did find interesting was that slide 19 of the AGM presentation makes this reference under 2022 Targets: 'Participate in Portugal Li tender'.
Does anyone know more on what this could mean? Does it man SAV are eyeing up being involved in other permits?
As far I understand it, lithium batteries are here to stay for at least a decade. The entire EV industry cannot just pivot away from them - even if new technology steadily emerges. We have some worries here with SAV (Barroso court case, Portugese bureaucracy etc.), but that particular one doesn't worry me at all.
Some very sceptical lithim experts (e.g. Joe Lowry) in regard to the scale and technology Vulcan are claiming to be able to operate with though. Much of that geothermal tech appears 'unproven' at present.
Exactly, Mick. Every day my news feeds are full of news concerning the urgent need for energy/Battery metal changes to suppy and logistics, and this seemingly small bit of bureaucracy is stonewalling one of the most important EU projects! If I were Maros Stefcovic, I would be banging some heads together right now!