Member Info for Inbrackets

If you are looking at them from a fresh start, don’t ignore the fact that EMH moved from sub 20 to over 80 a year or so ago when they were rumoured with potential links with various OEMs, which geographically seem to make sense.

Portugal still has the Mohammed / mountain or mountain/ Mohammed to be answered and any reflection in the sp from hopeful shareholders.

Can we consign today to the bin then? (Un)Forgettable, that’s what you are….

My bin is getting pretty full.

As you say, it was bound to be a topic though I doubt the nascent lithium industry would want to become synonymous with eithe/any one political side.

Whatever pressures may be building up, it does make one wonder whether the juggernaut will have been parked up until after the end of Jan, to avoid fanning any flames.

I don’t think we are waiting for SAV, their lips are sealed until Galp, NV, APA, Port Gov start the conversation.

Likewise.

He says 90% owned - almost right, and no mention of Moz

‘Inevitable’ apparently, like death and taxes. We have the two, bring on the third.

Yes, just not sure when.

Johnson Matthey’s withdrawl from the battery supply chain this morning highlights the surfeit of wannabes in Central Europe who have seemed to have given limited attention to raw material availability and timescales along with processing issues. This may help to turn the spotlight on Portugal and Galp’s imminent announcements potentially with Northvolt and SAV.

Benchmark were intimating a blow for Europe’s battery industry ambitions. I can but bow to their wider viewpoint, but if that means that more attention is finally paid to where there is hope, I certainly will not be complaining.

Starfox, that would seem good news. Do you know when their applications went in or when their Noticebof Confotmity was issued? Ps. What are they min8ng?

Let’s see if tomorrow brings anything of interest.

5 days is not avery long window for anyone with the necessary attributes to re-evaluate their current position, chat it over with any family and submit their CV. I would expect at this stage for Galp to have already identified possible candidates and know their current contractual requirements eg3/6 months exit clauses.

Galp would seem to be Carrying On Regardless…….

https://www.pixelcut.site/article/2021_11_08_1353793129_galp-procura-coordenador-para-instalar-refinaria-de-litio

Applications needed for new Lithium processing coordinator by this Friday, so they may already have their eyes on someone. Certainly not looking to stop their rolling out whilst mere politics pauses to contemplate its navel. I see the current Governing party Has marginally improved in the polls. As CM says, is a couple of months going to matter if progress marches on concurrently.

Elections happen. Think Italy.
In relative terms, Portugal is stable with rule of law and European backdrop.
Business just has to deal with whatever politics faffs about with. I doubt Galp will be altering their overall strategy, just because there may be a slight change in tinge at the edges of the Gov. I would think they will carry on with their plans and deal with whatever they are faced with should they need to.
Is lithium the only item on the agenda / manifesto?

The APA process is supposed to be divorced from political swings so it could be / should be immune, but in reality….?
That said the current Gov had a mandate from the last election and are likely to remain the largest party following the snap election in January, perhaps with different (more reliable) partners. Even if they were to surprisingly fail, I would doubt the impetus for new industry and tax source would be shelved by a centre right party.
One of the key parts is that APA is supposed to reply within its 100 working days following the Notice of Conformity otherwise the application is deemed has having been granted. They have already had the extension and no doubt people would rather that any grant is given and received without instability, but is that simply a feature of life and business can’t come to a full stop ahead of elections, especially if frequent.
I suspect plans and arrangements will carry on regardless and the DIA could still be issued, bearing in mind the final EIA would still be end Jan by which time the Gov is likely to have a renewed mandate.

Looks like news of Portuguese snap election is taking its toll this morning, even if the outcome will be broadly similar.

The budget might not have been passed but Portugal Resident doesn’t say (at least in this article) that it is the dying act. They may have pledged not to progress mine developments unless given a positive DIA and the ultimate EIA, but it doesn’t preclude any further development.

Meanwhile, good old EU Enter stage right to say worry not about your local budget, the EU recovery funds are not dependant on your local politics but can be used for our pre agreed targets. Carry on regardless.

Perhaps the outlook is not as bleak as feared.

https://econews.pt/2021/10/29/brussels-gives-the-government-carte-blanche-to-implement-the-rrp/

They have already publicly announced that they are looking to take part in the auctions, have identified specific targets both in Portugal and Spain.

When I say cleaned up, that didn’t necessarily mean sold off back to RT, more that the Siamese twins need separating. Not sure that Moz is factored in to current sp at all and yet has the potential of becoming an endless piece of dripping beef. Whatever the eventual plan is, I for one would like to have an ongoing slice. That is…unless the price was so right, enabling a flip into another ‘guaranteed’ winner.

Galp / NV / VW have their own Net Zero agendas and would hardly be looking to average up with a ‘dirty’ supplier/partner. Yesterday’s COP was illustrating the investment communities driving forces and expectations (right or wrong) and todays RNS would seem to make sure that the door is open for agreements with the triumvirate and institutional investment in SAV shares.

Increasingly I am thinking that any interesting RNS are more likely to land during the day. Why should APA structure their announcements around a 7am news release? Any major announcement from VW / Galp / NV - much the same. Seem to remember our original tie with RT landed 2pm ish, talking of which, let’s not forget Moz that may need to be cleared up prior to a clean European Lithium parcel.

Delayed reports just posted For 5m shares from mid pm. Wonder whether this followed DAs presentation in Germany? Follow through would be good.

The EIA is in three phase. The first was the Notice of Conformity which we got through (unlike Some). The next phase, which we are currently in, leads to the Environmental Impact Declaration (DIA). This effectively confirms that the mine can go ahead. The third phase effectively hammers out the nuts and bolts of the implementation based on any refinements that have come out of the current phase which included the public consultation eg road routes etc., but the fundamental decision has been agreed.

It’s only at the end of the third stage that the full EIA is issued, but to my mind, it is the DIA that carries most weight. Hence looking to spotlight this as the important marker.

Think you may be right there.
Much the same way that EU confirmed that access to the recent funding pot was based on getting on with the agreed targets, and not reliant on the passing of any local budget, ie. there is nothing to stop you from rolling out a whole new industry.

APAs decision and the DIA is key.