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I had meant to add that according to their website “ Private Equity: funds dedicated to the opportunistic acquisition of assets.” and their “ mandate is global and unconstrained.”

So if they are not doing it for themselves, who are they doing it for? What are they fronting?

Bit of an arty website, fair enough.

The articles mentioned a Portuguese-American company, highlighting the Portugueses founder. Doesn’t seem to expand on its London base / Cayman Islands connections. Will the hard core Nao’s, concerned about their livestock really connect with the two founders of a private equity outfit. Financial engineering almost guaranteed.

Other than to say that they are interested to any passing journalist, nothing has been said to flesh out their vision or why their private company would be a better option.

Have they been put up for it by the SAV PR team to warm the pot whilst they are trawling through the other 49 or so interested parties, or would that be a tad on the conspiracy theory scale?

Resource upgrade ; auction news; tenement news; jv/offtake news; continuation and update on progress towards RECAPE etc. and that’s just for SAV. There may well be other external news from refining groups, battery makers or even OEMs as Portugal opens up to its opportunities.

Move along. Nothing to see here.

Last time he was on a plane to Oz to seal the deal. This time he has hot footed it up to speak with the Mayor of Boticas to convert their stated position.

Last time, rightly or wrongly, triggered or not, SAV did not comment.

This time, with no market reaction so far, is there any reason for comment on this apparently one sided megaphone press negotiation

I failed to refer to lucker for the link to the article. Apologies to him.

Https://www.jornaldenegocios.pt/empresas/energia/detalhe/luso-americana-perto-de-fechar-compra-de-mina-de-litio-de-boticas

Aethel rear their head again. Is there any substance to this?

Will our new CEO need to make his first comment to outline a response?

Doesn’t seem to have been mentioned here but on Friday, following on from the European Parliament passing the CRMA, the word from the Portuguese Gov was that they were now set to launch the auctions that have been in the offing for many a year.

With the new CEO starting tomorrow, plenty to get on with - resource upgrade, jv / offtake discussions, and now auction options all in the near future, quite aside from simply progressing the BLP.

Https://www.theguardian.com/environment/2023/sep/14/young-people-to-take-32-european-countries-to-court-over-climate-policies

And yet, in the same breath, any move to improve on one one side, is opposed by others even with a similar outlook.

Https://x.com/infinitylithium/status/1702597454615740907?s=61&t=AJxxcVs_tbxqv1S84UYMow

Confirmation that the EU Parliament has passed the CMRA.

Will that help the Portuguese Gov start its auction process?

Will it give further impetus to the supply chain?

A positive backdrop for the new CEO to take up the reins on Monday.

Who said there was no such thing as bad publicity? It would possibly be more coverage than our hardworking PR team.

The current position was outlined in the RNS update a couple of weeks ago. It was stated that they were still looking to secure whatever lands were needed by agreement, with fairly favourable terms but if necessary, they could force the issue with cpo’s.

I was quite interested in the feedback regards the most recent organised protests. 200…..made up of some locals, some visitors and notably one from Chile who presumably hid the green credentials when they booked the flight, but lets not mention that awkward truth. I suppose 300 Spartans stopped the Persians at Thermopylae but the only lasting monument is in a relatively unkempt lay-by off the main road.

Listened to the latest HK/RH duet and aside from anything else, a comment from RH struck me in that he was saying that many junior miners projects were *oing to struggle to get financed and that the minimum size was set to increase to 50m if not more. Need to get that resource increased and the base widened - add it to the To Do.

So, a relatively young, experienced divisional CEO of one of Portugal’s top 20 companies, with an excellent delivery of results, puts that to one side to join a small, as yet non producing (product or revenue), mining outfit.

Methinks he can see the sparkle as he helps develop the project from the initial phase into a producing company and more importantly, growing it further with additional resources and you never know, co ventures into downstream refining. The prospect of being there at the centre of a new industry would be enough to get up in the morning for and to add to his list of accomplishments. Looking forward to the ride with relish.

You wait for ages and then three come along all at once.

Not sure where the third one is but our near neighbour Lusorecursos has apparently now received the APA nod, 3-4 months after the BLP. They plan refining capacity half an hour up the road (or are we to be involved in that?). And let’s not forget our old Reigoso tenement which might come back into the fold.

Shows support from the Government for the area to be a lithium hub and now with these two getting a go ahead, the momentum is building up, ready for wider announcements across the supply chain.

Https://investors.albemarle.com/news-and-events/news/news-details/2023/Albemarle-confirms-non-binding-agreement-to-acquire-Liontown/default.aspx

Over USD4bn. Is this to be a going rate?

Resource upgrade for SAV due at some stage and that would be timely.

And it shot down the day before.

Once again I wasn’t comparing. As I had said, the liquidators, effectively acting on behalf of the debtors (, rather than directors who supposedly act on behalf of the company and its shareholders), who are entitled to their share or proportion thereof of whatever May be left, do not have to show any potential offer for the company, however media friendly it might appear. Different but similar role. Different but some similar powers.

Am putting my ping pong bat down.

W69, hi

I wasn’t looking to draw any analogy with what May or may not be happening but was looking to answer the query.

“ If an offer is made are the Company obliged to share details regardless of the offer's attractiveness .

If the Board don't think an offer is good enough do they still put it to a SH vote or can they reject it “

If the BOD had a ridiculous offer, they do not need to put it to shareholders otherwise they could be permanently dealing with spurious time wasting. Indeed just this afternoon the Wilco liquidators have rejected some PE offer as they can’t confirm the cash behind it ( I think).

Never sure that rumours about talks about talks about a possible approach would warrant very much with the sp barely unchanged over a two week period, albeit a recovery after a silly fall.

Link

https://blog.moneyfarm.com/en/isas/transfer-shares-into-isa/#:~:text=Normal%20shares%20and%20investments%20cannot,contributions%20into%20ISAs%20in%20cash.