Member Info for Inbrackets

I make an assumption that we finally get the suitable MLs, however big that assumption might be.

There have been calls for offtake agreements to have been arranged for many years now, but none have there been. We had the lapsed Galp arrangement, albeit at a higher price than the current sp, which might have ended up being a cuckoo in the nest. Now we are the 100% owners of MdB, in a potentially excellent jurisdiction with a much wider list of potential suitors, many with access and ability to write much bigger cheques, because they have to, to secure their own futures. The options to tie in with an Un encumbered European near term raw material miner are limited, extremely limited.

LAC and GM confirms that tie ups between OEMs and Miners, as predicted, will happen. No doubt other OEMs such as Tesla would have been interested. With talk of an existential threat to parts of the European car industry, the absence of any existing agreements, opens any future arrangements to the widest possible market at a crucial time to secure long term supplies.

All that said, and however positive, we then need to factor in the initial assumption and bring us back to the current day reality.

https://twitter.com/lithiumamericas/status/1620384501674434560?s=61&t=jyBHRv4KzSQR2sEmrUHnCg

Always good to have someone on your side when going in for an all American supply agreement.

Meanwhile Germany sends its leader to South America, VW scour Canada, and generally all the talk in Europe refers to sources outside of Europe.

The CRMA will need to be current and applicable now, not fighting two year old fires when the market has moved on

Still in the ground n Oman, most likely. As is the copper.
Nothing to do with SAV these days

SAV tweeted earlier today, referring to this document added to the Community page on the websitehttps://www.savannahresources.com/media/2y4ja5ye/barroso-lithium-project-community-information-sheet.pdfIf a committed anti, then no doubt all it would probably do is enflame a response if only for its equanimity and reasonableness. As a third party report, albeit paid for by SAV as it would have to be, it helps to itemise the perceived issues so that they can be dealt with in due process, for better or worse. Am also inclined to add for richer or poorer, in sickness and in health as in many ways it is like a marriage. Just hope that people actually see the long term benefits of the groom and don’t pass on it.

https://twitter.com/nicola_news/status/1616056276303101954?s=61&t=jR34jBOjJ8KarMC2ovjBqg

When things get to the point that the European car industry is being viewed as under an existential threat it makes the Eu response with their upcoming net zero and CRMA plans crucial . they need to pitch high and crucially, get on with it.

The fact that it is Europe might increase the pool of possibly interested investors who prefer to limit geographic/political risk.

Only 8 weeks to complete the cut and paste exercise and yesterday’s RNS said that that part of the presentation would be ready in a couple of weeks. Might be ready to re-submit before mid March.

Completely natural concerns identified along with the understanding of general positives.Obvious difficulty in detailing an agreement before it is concluded but no doubt the company will explain in full when it can, meanwhile hopefully they will be able to soothe the perspectives of changes, and it would be foolish to try to say there will be none, that will be a part of Savannah’s operations. Still a work in progress but if they are looking to issue the final document by the end of this month, plans must be well advanced.

Full time job updating and maintaining his CVq.
Wonder how many of his reports are cut and paste between each other.

CM, is this the chap that claimed it would be like a 300m tsunami overhanging the primary school and mother’s group on a daily basis, relying on but a fraying thread?

As we all know these days, everyone seems to entitled to their truths and one person’s view and presentation is another’s misrepresentation, one person’s understanding is another’s misunderstanding. Maybe amongst other things, it is why the Eu/UN groups tasked with making their collective independent assessment visited MdB last year so they could understand the issues from all side. Presumably the company’s advisers will have also been putting the case and explaining the preferred options, relative merits and reasoning. I am sure they will have been fully aware of the issues in SA and what would need to be done to avoid or mitigate historic errors.

Ultimately I suppose that there is always going to be some comment or report that will give someone in the future the opportunity to say ‘you were warned, I told you so’ but if as much as possible has been done to eradicate or minimise any likely or possible impact, wrapping in cotton wool, preserving in aspic with no action is a worldwide recipe for disaster, with no progress on any front, in anything.

They do have some of the best advisers in the world on the job so one might expect them to arrive at the right solution to satisfy given criteria.

Didn’t they say that they were now writing it up. How long does it take to cut and paste?

And if not electric, the Bamford does the hydrogen option as well. All bases covered.
Not that the Fortescue connection will have any relevance.

See that Tesla has dropped its prices and now qualifies fo US subsidies.

If that isn’t a gauntlet for EU car OEMs then what is. If that isn’t a gauntlet for the German Gov and the EU then what is. Whatever they may be working towards on the CRMA front, they will need to go back to with an ever sharper pencil But more than anything, get on with it.

Will they look for a Eu option or JCB?

Sure I saw something the other day that said the CRMA was due by end March.

https://twitter.com/marossefcovic/status/1612855289203626008?s=61&t=_ODURYFtGRBpITrF8rF5dw

Well we know that the EU want things to progress. Let’s see whether MS is premature or not.

All Governments across Europe are suffering electoral pain with the current headwinds, so no real surprise that Portugal is also having its issues. He got an outright majority and the article seems to say that the no confidence vote is unlike to garner support.

I also noted that blast from the past, but a keen fan of lithium development (a target for antis) has been brought back in as Infrastructure is now under the leadership of former secretary of State for Energy João Galamba; He comes with his own negative baggage and by accounts is being held close as he is a prospective suitor for the top job.

The current Gov has a budget to spend within a relatively short time limit in areas that will provide for the future. It gives them impetus to get it spent and working for them. I certainly hope they will get on with it asap not so much for the local difficulties that may appear but more for the pain that may be caused for the EU with the call from Italy, Poland and others to change within the block.

Even if they were to go for fresh elections, god help us, what would be the likely outcome.

My mind is read. Agree completely. Happy New Year to all.

A’fore ye go,

A thought on the presentation.
SAV have always been fairly tight lipped on any developments. Many moons ago they slipped out a small gold find in Oman that didn’t go down too well but since then schtum’s the word.

So I am of a view that any comments on the working relationship or progress with the resubmission and future diary of events will have been discussed and sanctioned with APA or relevant authorities. I doubt very much that SAV would fly solo when they could have carried on in sublime silence. If taken from this angle, does it make the presentation a little more interesting.

Something to ponder over the mince pies. Enjoy yourselves one and all.

Inclined to agree. If they are saying that the work is basically done and they are now looking to write it up, one might think that the cut and paste option could get this done even before the end of Feb.

As you say, the carrot in front of the donkey is finally being reeled in.

I shall need to copy in the revised timetable to the Grim Reaper and see if he can push me back.

Meanwhile I also note that they continue to use the original 2018 scoping study published number of $684 but mention current spot price of $7000. Even a conservative 50% long term average will change the final numbers crunched for the DFS.

All pie in sky until we hear from APA.