Member Info for Inbrackets

Helps hide the sobbing and gnashing of teeth.

Https://youtu.be/RCgsIOENmyw?si=Q42gkhp8j6F5CIz9

Excellent interview.

Methinks the plan was to do one of these presentations every three or so months, as a regular update on progress. The consistency was as much to break the build up of any unwarranted expectation in the run up any presentation as the routine becomes part of the company’s standard timetable.

There has been a number of good news stories to reflect on and positive stories to come in the near future, but personally, I am not expecting any major information, just a good positive update with a timetable framework for the coming months.

Wow, Kentan, bit early in the season for magic mushrooms though it might explain the leap from no opinion to strong buy in record time.

You may have unearthed a master plan. Though I am not sure I would take the odds on it. No doubt we shall see at some stage, at which time I shall be happy to defrost a large portion of humble pie

Firstly, apologies. Initial searches seemed to point to a mine about 80kms from Lisbon, hence the earlier comments but on checking, that is Ascendent in search of copper etc.

Secondly though,

https://markets.ft.com/data/announce/detail?dockey=1330-1000835130en-6I2939CU71IO5CEO75CT9DCKGO

Note the date, Aug 2023. So this AMG/Grupo Lagoa deal has been bubbling for quite sometime, one way or another. Wonder if a loan structure was to avoid an equity stake / JV?

Just as well the leader of the BE party quoted in the article currently musters a rather massive 3% in the national opinion polls and is unlikely to be holding any balance of power premium / ransom votes come the election in a few weeks.

Mine is based down south near Lisbon/ Setubal so perhaps of little impact to SAV but as said, shows intent and execution. Could easily see another based in the north and their modular system an ramp up to run alongside any production as it increases over the next few years.

Building the team to deal with the future, as it transitions.

Always interesting to see where they come from and any interconnections.

The opportunity to attract Ribeiro is interesting, especially after the comments in the Annual Report looking forward to ongoing discussions with AMG regards refining capacity. Someone who has first hand and current experience of the do’s and don’t’s will hopefully be put to work quickly - plus the work with NV / Galp. Couple this with CFOs experience with EDP, no slouch of a company, with impeccable credentials and ambitions.

Pulling together a team of serious players.

Good, upbeat report.

Whatever the story, the power of repetition has been put into play over the past few days, and concentrated still further in this statement.

Future ambitions…..I had noted the mention of the joint work planned for between SAV and AMG. Looking forward to see further concrete developments on that front in due course.

“i am sure many more benefits of this European-focused partnership will present themselves as we proceed together, and we are looking forward particularly to collaborating on the study for potential joint construction of a spodumene-to-lithium carbonate refinery in Portugal or Spain.”

Does that tie in with the nigh on habitual hints of a bigger and better resource to come:

“Even though we have already outlined Europe's largest spodumene resource, this Project clearly has much more to offer in terms of resource potential”

“With 3.5Mt of resource already outlined on Block A of the Lease area and following some exciting exploration results recently reported from Block B, this was an important development for the Project”

Lastly, I think he outlined community engagement very positively and hope that this is not just wishful thinking spin.

Suspect they are looking for 10% to match Ferreira

Thereafter, who knows. Some imply the combined shareholding could form the basis for a future approach. Personally, I would hope that they are going to be solid bedrock shareholders building a stake in a Portuguese company, set to help with a new industry that can help develop an industrial supply chain for Portugal and Europe. They can still profit handsomely in the meantime whilst others do the work.

Once done (plus auctions), no doubt it would depend on the levels of ambitions but if other interested parties appear, they would be well placed to help or hinder.

Thanks. I had assumed fat finger syndrome

Techie problems. Apologies

Good to see the update and the detail confirmed expectations as things progress well.

I was particularly struck with the drilling and resource comments.

“ the Company believe that the full extent of the mineralisation at the Project is easily underestimated from outcrops alone. Hence, these additional targets represent exciting additional exploration upside to complement the Project’s already compelling lithium development story.”

Easily underestimated……

Are they giving a thinly coded message that we can expect a very positive upgrade or am I being too optimistic?

Good to get the road plans in as that sets clocks a ticking. Will be interesting to see what grants land in to help with this.

Good to see the update and the detail confirmed expectations as things progress well.

I was particularly struck with the drilling and resource comments.

“ the Company believe that the full extent of the mineralisation at the Project is easily underestimated from outcrops alone. Hence, these additional targets represent exciting additional exploration upside to complement the Project’s already compelling lithium development story.”

Easily underestimated……

Are they giving a thinly coded message that we can expect a very positive upgrade or am I being too optimistic?

Good to get the road plans in as that sets clocks a ticking. Will be interesting to see what grants land in to help with this.

Good to see the update and the detail confirmed expectations as things progress well.

I was particularly struck with the drilling and resource comments.

“ the Company believe that the full extent of the mineralisation at the Project is easily underestimated from outcrops alone. Hence, these additional targets represent exciting additional exploration upside to complement the Project’s already compelling lithium development story.”

Easily underestimated……

Are they giving a thinly coded message that we can expect a very positive upgrade or am I being too optimistic?

Good to get the road plans in as that sets clocks a ticking. Will be interesting to see what grants land in to help with this.

Good to see the update and the detail confirmed expectations as things progress well.

I was particularly struck with the drilling and resource comments.

“ the Company believe that the full extent of the mineralisation at the Project is easily underestimated from outcrops alone. Hence, these additional targets represent exciting additional exploration upside to complement the Project’s already compelling lithium development story.”

Easily underestimated……

Are they giving a thinly coded message that we can expect a very positive upgrade or am I being too optimistic?

Good to get the road plans in as that sets clocks a ticking. Will be interesting to see what grants land in to help with this.

Good to see the update and the detail confirmed expectations as things progress well.

I was particularly struck with the drilling and resource comments.

“ the Company believe that the full extent of the mineralisation at the Project is easily underestimated from outcrops alone. Hence, these additional targets represent exciting additional exploration upside to complement the Project’s already compelling lithium development story.”

Easily underestimated……

Are they giving a thinly coded message that we can expect a very positive upgrade or am I being too optimistic?

Good to get the road plans in as that sets clocks a ticking. Will be interesting to see what grants land in to help with this.

What is the best way of getting there. The good old Broad Concept. The mind turned towards SAV over the weekend as it bucked the current trends, keeping its head above the line.

I took to jotting down what I feel are the different areas being dealt with and where they are up to.

I am expecting further good drill results and resource upgrades - all in good time, soon enough.

Financing well in hand. Euler Hermes doing DD and now EC Strategic Project status - all good.

Partnership/ Offtakes, one down, further to come as and when ready

Recape/Decape/EIA/ FiD - let the process take its course

National elections mid-May looking like an AD/Chega post haggle coalition - plus ca change

Local elections Sep/Oct - will that soften local opposition? Or at least confirm more support.

Likewise the Baldios ruling bodies.

Meanwhile the ongoing Lawfare rumbles on in the background, mostly indirect undermining against Government bodies - confirmations would help cauterise these annoying open wounds.

The wall that faced SAV 4-5 years ago or even more recently would seem much more manageable (despite the enormous amount of work / management to implement the project, post FiD) and all threads would seem to be heading in the right direction, certainly in the areas that SAV have direct control.

Looking forward, still of a view that whilst the BLP should re-rate as these threads are woven together over the coming months, and establish SAV as a bona fide producer, it will be the future government auctions that could be explosive should SAV be successful. The Gov has said that the auctions would not be until the EIA has been awarded to BLP so some time yet, but that will certainly be something to look forward to.

Little bit more and then we shall have two at 10%.