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Meant add before pressing send,

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The old bore wittering on in the corner with rose tinted specs

Or

The old bore wittering on in a long suffering manner, still making excuses (and occasionally fair points)

Or

The old bore wittering on and the frustration of no ‘ block button’.

Unofficial definitely and completely pro bono.

Can see where you are coming from as generally perhaps too forgiving but then again blame needs to be correctly apportioned. Am I wrong? If so, please enlighten me.

Looking at the Corporate Presentation in July, they may be able to submit the Recape before the end of the year but they are not expecting the environmental licence until next year. Looking at the list of items, there a few more ticks in the boxes that they done, so I would expect a bit of an updated presentation to incorporate the increased resources and expected delay.

Looking at what is within the company’s control, there is good and solid progress and yet there would seem to be external boxes that cloud things - couple of legal cases in Portugal directed at the Government; another one with the EC; delays with local council elections to the easements for the geotechnical drilling; info on the land acquisition or agreements. One might hope that the recent backing of the Govt enabling department might help to push things on. However you can easily understand EPs rather thinly disguised frustration in his panel discussion at the EiT (available on YouTube) in calls for action and delivery when comparing the progress timescales.

4hrs in, 8 trades.

The paint has not dried, it has mummified.

Following Monday and the resource upgrade, today’s presentation will give the company the opportunity to blow its own trumpet. Let’s hope that EP takes it as so far, any reaction has been muted.

Not a lot of selling at the 4.40 mark, again. Early days

One might have thought that there could have been a bit of a reaction to the news today even if the bid resolutely remained at 4.4 whilst actual sells crept well into the mid 5’s.

Does it prove that the level of wider interest has the gauge close to empty or that it perhaps needed some further explanation as to the potential impact. Now that the news is out, we may start to get some suitable commentary from third parties or even the company blowing its own trumpet.

Tuning In whenever

No feeding frenzy to witness here.

Well put.

Should AMGs offtake double on the sourcing of the necessary capex funding, this resource upgrade caters for that and still leaves plenty of room for another offtake agreement. Great to see the exploration target taking it it over 100mt (all previous targets have turned into hard reality) and that’s before Aldeia is added later in the year (plus any auctions). Continues to be de-risked and prove itself the viable European option.

But isn’t showing on LSE for some reason.

Didn’t the company say that they would be releasing the info around now, a few weeks ago. Is that an official leak?

If you sell out for whatever reason and then buy back later on, for whatever reason, can you disregard your earlier time of long term frustration and consider yourself as an eager buck in search of profit? HMRC to one side, it could be a way of Bed and Breakfasting emotions.

I see that there seems to have been a new updated website launched and have just had a quick trawl through. Not sure how long it’s been up so apologies if I am well behind time.

However I did note some terminology in the ESG section that I found interesting:

“ To deliver on its ESG commitments, Savannah is developing and will implement and maintain a Corporate Environmental and Social Management System, that it intends to incrementally roll out on all of its projects.”

All its projects - is that a twinkle in the eye? Further exploration/ mining projects with the potential Govt auctions? Possible refining projects? Whatever, is t a deliberate or subliminal reveal of ambitions yet to come?

OTH, good to see (and now hear) that you are keeping an eye on SAV and its progress.

Any RNS this week is likely to be positive

Isn’t it a question of timing. It took what has seemed like forever before SAV said enough is enough and that, giving due notice, they were heading down the legal route to take control of the land they need. That is obviously underway now.

I always remember the build up to the second Gulf War as the necessary forces were gathered together to a point that it was inevitable no matter what demos or antis spoke up in the various Parliaments around the world. There would hardly have been any sense going into Iraq too early and underprepared.

The extended time and Being a ‘resident’ whilst getting a full picture of the resource, whilst the extended supply chain developed for refining, batteries and car making - whilst making the mining ever more important for the national economy, is now at that tipping point and would be very hard to row back from.

I would feel you can be firm in resolve to get to the objective, being fair and amenable to justifiable argued concerns, encouraging support by being a reliable, steadfast partner, accepting that there will always be some who simply disagree but who’s intransigence becomes recognised by the wider majority. Jumping in sooner with a heavier hand would alienate a greater percentage and potentially make life eve more difficult. None of us want that.

Sounds like you should write a guide on how to win friends and influence people especially in a small rural community where you would be co-existing for the next 20 years+ and reliant on for all sorts of help. As the aptly named Mr Punch said ‘That’s the way to do it’ and I seem to remember that he came to a bit of a sticky end in some versions.

Are you concerned that a delayed Recape effectively delays the ultimate EIA.?

Ggeotechnical drilling (impact on water, soil etc), certainly forms part of the EIA so logic would certainly point towards it being part of Recape.as a prior step. Ultimately all of the constituent parts are inter-related and needed, whatever order they land in, so the easements (or ultimate ownership) are necessary. Final hurdle? Who knows, just the one in front of us athe moment.

Been here before.

It must be Six months since EP was quizzed on the reality of the DFS by Christmas and it was always going to be tight even with a following wind. The second easement permissions were mentioned in June? and nothing had been forthcoming so it had fallen into the holiday horror. Never good to hear of a delay but the issue is clear cut, identified and likely time limited, especially with the Govt department now on the case.

So, a bit of a dip today (quite well bought into) and should b readily recovered when measured minds look at the reality and then there remains the main event, being the resource upgrade still due to be delivered in the near future in September (next week quite likely).

Not much point getting into a lather about it. Delays happen and whilst annoying, once again, if not as always, it’s the external interface outside of their control

The past six weeks or so have passed by pretty much as expected though we had a very welcome ‘Wish You Were Here’ postcard detailing the assay results and flagging the full resource upgrade announcement once the holidays were over.

Buckets and spades packed away, tomorrow starts things again and no doubt things have been going on in readiness, prepping up for what is set to be a very good period. Will they give us a week or so to acclimatise and readjust or get cracked on

True, but when the new resource is announced, it will be confirmation that there is however much more in the ground, ready to be mined. This initial 20% increase in the SP is pretty easily covered by the recovery in the current price of lithium let alone the increase in the confirmed resource or the likely exploration targets or the wider total xpected resource of the BLP that they are looking to publish for the first time.

Looking at the assays to date, I am expecting some substantial numbers that would easily warrant the recent lift in the sp.