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Reading that article, they have a long way to go before they then even try to persuade everyone to re adopt an alternative,

Still lithium is it not, at least currently.

Can but hope that tomorrow is not just a Jackanory read through of something we can read for ourselves.

Noticed a couple of comments in the full article (link below) that were very pertinent

“There is some material already destined for the US and South Korea, but only agreements in place with refineries in Europe, with no mention of what mine(s) the raw material will be sourced from. Of what is left available, there will be fierce competition to secure these units due to the attractive ESG credentials, high quality concentrates and Inflation Reduction Act (IRA) compliance”.

Might explain why the phones are hot.

“Our research suggests that, due to the pull of the IRA, third-party refineries in Europe will likely come off second best to US refineries, so the need to sign offtake agreements as soon as possible is imperative”.

Might explain why the phones are hotter..

“Europe’s pursuit of a regional lithium-ion battery supply chain faces significant challenges, as domestic mine supply falls short of meeting demand. While plans for refining capacity appear promising, securing adequate feed and addressing the growing competition for raw materials remain crucial”

Just wondering whether we should change names to Mbappe Lithium

Full article

https://www.fastmarkets.com/insights/will-europe-have-enough-lithium-to-meet-demand

Share it up, I hadn’t realised that the Gov had said they were waiting for a decision on both BLP and Lusorecursos. How far down the line are they? Are they into the 50 day countdown yet or when does that start? Thanks

Glen Garth, agree, and hopefully not just the Barossa Lithium Project but also a number of others when the Gov eventually start the auction process and f review of previous tenements.

Https://investingstrategy.co.uk/stock-tips/savannah-resources-is-issuing-shares-at-almost-no-discount-the-story-is-finally-getting-started/

The tipping heads are starting to peep out over the parapet.

Just been listening to ITV News and a report saying that they are expecting to be in production by 2025. I thought I was generally fairly optimistic but I don’t see any home extracted raw material coming in that timescale. That brings the UK Gigafactory count to 2 and about 30 in Europe. Don’t see much European extract raw material in that timescale either.

Got busy towards the end of the day, including after hours. Be interesting to see if it follows through tomorrow once the new shares are admitted. Don’t expect the new holders will be looking to flip for 10%. A solid raise with the ambition of increasing any value by doing the groundwork towards the objectives. Accretive from outset.

Now, let’s start to look out for the Gov auctions and the old tenements - that would give something for us to think about.

It was late and I missed saying that I thought / hoped you had it right with you commas.

A friend of mine occasionally reads the board and he may raise a brow as far as the ‘refined’ bit.

Keep up your excellent work.

Well that didn’t take long.

Accelerated? Almost as fast as a Tesla off the blocks.

Sorry Starfoxx, are you saying my post was garbage or is it another example of the importance of commas?

To reiterate IB, ……

To reiterate, IB, ……

Eats, shoots and leaves.

Whilst they can cut the brief window short, to be fair, they have looked to facilitate an option for PI’s to take part in what otherwise might be criticised as a mates rates placing. I suspect that the accelerated bookbuild elements will be more than fully subscribed and scaled back. The PrimaryBid element will run its course although just a couple of days may leave many with limited opportunity to take part.

It’s a relatively small placing, keeps our independence with sufficient funding to progress during any negotiations with possible partners, giving them more time to sharpen their pencils knowing that desperation is not a driving force.

Let’s see where this takes us.

Do you post the same message on any board of a company doing a placing? I shall be polite, drivel.

Https://twitter.com/lossadjusted/status/1676890834241744897?s=61&t=AJxxcVs_tbxqv1S84UYMow

And used it.

W69, can understand the comment as the recent RNS has obviously set off a number of spending commitments that will need to be met over the coming two years. Any negative inferences or implications are misplaced though as it all takes us further towards the DFS, full EIA award and ever nearer to production.

It would be good to get confirmation of any EU grants for things like the access road (if applicable) and the current negotiations with any preferred partners will underpin the financials. I would suspect that this would be an entry level requirement to get to the table.

You would have thought that a sizeable chunk of land in a designated area, close to potential refinery would be of interest to another battery manufacturer or even an OEM.

Serendipitous.

Bit in the recent RNS about the current level of renewable energy in Portugal, and the earlier article about Northvolt looking for clean energy. Well, Portugal’s credentials improve….

https://twitter.com/profstrachan/status/1675847755896438786?s=61&t=AJxxcVs_tbxqv1S84UYMow

Continues to tick boxes whichever way you look.

Following the DIA, at last they can. Helpful for the shareholders as well as keeping their commitment to keep the community informed of what they are doing and progress.

If it’s not to be Spain, or Italy, or France - where else that has the necessary bases covered? And geographically well placed. Portugal may find history repeating itself.