Member Info for Inbrackets

Without a single holdings RNS? Mmm. Maybe they still have them.

And another 9 licences to bid for with Galp backing apparently with other companies already having lost interest (Fortescue?) due previous delays.

Should the project get the EUs flagship project on the 12th March, then it would be hard to bet against.

Ps the tie up with Galp was announced on Jan 12th and they said DD would take a couple of months.

PPS. I have completely forgotten about Moz, well ignored the fact that the review there must be coming to a head (if only to enable Portugal to become autonomous.

Read the recipe and start salivating.

There are only a limited number of lithium projects in the EU. Other than SAV, what other of these projects could become the flagship initial project and if so, why?

If you cannot answer this question, then if you are not a shareholder, can you answer, why not?

OTH, yep. Still around, older but non the wiser. Certainly feel that the tectonic plates of all the various parties are finally starting to crunch together. It’s been glacial.

Noticed that you have returned to the keyboard and was going to wave to say Hi, but missed the moment. Still exceedingly optimistic that this will complete properly and that could be turbocharged next week if SAV is ‘The Chosen One’.

Another snippet, this time from the takeaway report from the EU meeting that DA apparently presented at. Talking looks like it’s over (if ever) but they have clearly identified that 12th March is to be a decision day, just a question whether SAV is to be their chosen flagship project (out of the limited choice available.
“the Commission and the EIB will discuss with the Member States at the EBA Ministerial on 12 March ways to strengthen the application of industrial and customs policies to bolster production and refining of raw materials in the EU, and to achieve a better balance between domestic and external supplies of battery active materials (e.g. facilitated planning and permitting procedures, and phasing-out of battery-related duty suspension requests);
the industrial actors will consider developing a flagship initiative on sustainable and social extraction activities in Europe in view of addressing the important social acceptance challenge. This could include an industry-led charter on sustainable and socially fair practices, and an inclusive roundtable/platform to hold a regular, open and transparent dialogue on these relevant matters with stakeholders;”
Not long to find out.

Ps. They might be referring to processed lithium, rather than raw material

Ssshhh. Don’t tell anyone, but I heard that there may even be some in Australia.

Bruce Griffin / Farview was brought in as strategic consultant autumn last year (see RNS 14/10).
He was due to report to board towards Christmas (can’t find a reference)
Unsurprisingly, thereafter it goes cold as SAV will need to look over any recommendations and no doubt discuss with RT (they build holes so time is of no essence).

Is it correct? Well the basic assumptions that why review unless options and decisions regards the current structure are open to change would have to be true. How it might end up, who knows but I doubt DA would simply give it away (it was regarded as the dripping roast pension fund asset).

I can certainly see the logic for separation, as much for the development of the current and future expansion of Portugal as the auctions come up. I suppose it will be a question of complete exit price or ongoing shareholding in a non executive role. We are overdue an update though.

Did you not see the old one?
Might not be full of gizmos and moving parts or of the current style, but it is certainly informative with background info for A level projects.

Might be the house broker but a very positive research note comparing the relative performance against other companies worldwide and their view of relative risk of SAV against other EU would be miners. Makes a very good case for being the ‘reasoned play’ .

CM, it might not be a listed stock per se, but in the Seeking Alpha article posted below, I see that SAV is presumably available in the US as it is listed under OTCPK. Might be the micro of the micro and based on caveat emptor, but if they do their research and things progress with Galp etc (ad we hear a bit more about Moz) it might drive a few more from the states towards SAV as a reasoned play in the EU lithium supply chain.

No doubt we shall see.

CM, hi. Hope all well.
Is not the key word ‘re-activate’? As you say, that was in October a week or so after News of Bruce Griffin’s appointment and we have not had any comment on his report or their discussions with RT since. Further down in the interims it details that they need EIAs as part of the requirements for the Mls.

If the PFS is set to cost 5m, at present that isn’t loose change in the bank so a way presumably needs to be found. Both projects stack up individually but investors in one eg Galp in MdB would seem to want to concentrate their involvement. Much of the interims talked about building up awareness and value of Moz to shareholders but currently that is perhaps a little light in the pocket. No doubt part of the discussions but I am looking forward to a proper update

Is not the key word ‘re-activate’? As you say, that was in October a week or so after News of Bruce Griffiths appointment and we have not had any comment on his report or their discussions with RT since. Further down in the interims it details that they need EIAs as part of the requirements for the Mls.

If the PFS is set to cost 5m, at present that isn’t loose change in the bank so a way presumably needs to be found. Both projects stack up individually but investors in one eg Galp in MdB would seem to want to concentrate their involvement. Much of the interims talked about building up awareness and value of Moz to shareholders but currently that is perhaps a little light in the pocket. No doubt part of the discussions but I am looking forward to a proper update.

Wasn’t the PFS paused (if ever really started) whilst they waited for the MLs? Since then has there been any actual confirmation that the PFS is actually happening as it went into a ‘discussion period’ with RT straight after the MLs were issued and there has since been talk that it would cost about 5m to complete? Since then the new appointment was taken on and I think they were expecting his initial assessment by around Christmas.

Personally I would be expecting some more definitive agreed route map well before any PFS, though heaven knows what that will be. In any event,there will be an inherent value for a share, even at current % which has to have a value greater than O. Let’s see how this one pans out.

https://eco.sapo.pt/2020/12/30/galp-esta-a-estudar-cadeia-de-valor-das-baterias-de-litio-admite-administrador/

This link doesn’t seem to have hit this board. And as one nameless reply stated
“ Anybody who wants to see what may very well be about to happen across Portugal and even Spain, should take the few minutes to translate and read this article.

You can reward yourself with a Lockdown G&T for your research efforts afterwards”

Hat tip inevitably goes to Sam Bee, thank god he doesn’t have another hobby.

CM, you managed to hide behind your nom de plume and still get your question asked. With one of Galps major shareholders being Stateside, maybe useful. Can’t be less used than the two German bourses that account for minimal volume.

Regards the long warm summer, I don’t think it was referring to this year even though it might fit in with the EIA / completion of any deal with Galp and the very important confirmation today that they (Galp / SAV / others?) will be tendering at the auctions later in the year. I think he was referring to the central part of the decade when the lithium market and all its constituent parts will have turned into a 15 man scrum. Now that is a sight for sore eyes.

SAV to present at the inaugural LSE investor evening, 6 pm 26th jan. need to register.

They have not sold many shares. Looks more like an internal balancing of their portfolios bearing in mind the rise in SAV values since they took them. Just taking a little off the table and banking a wee bit of profit for their funds. IMO.

It’s quite understandable that some people will feel that the APA EIA outcome has already been taken during a picnic on a grassy knoll, and that they weren’t invited. That said, the ESG credentials of the holy trinity would be hard to traduce especially when the economic advantages not just for the locality but also the country have such potential, with as strong an environmental starting point and core principle as possible at outset.

As I know I have droned on before, I don’t think SAV has been in charge of its own diary as all parties have needed to be ready. Almost have the feeling that the re-purposing of Galps refinery and Northvolt deal were outed early by the press reports and there was inevitable speculation regards the ‘mystery miner’ that really wasn’t likely to remain a mystery for long. In some respects, providing answers to APA’s repeated further queries could have been a fig leaf and smokescreen delays until Galp was ready to go. Alternatively, it could be viewed that APA has been making sure that any Achilles heel in the application has been dipped in the Styx to avoid any judicial delay.

Fun still to come.

That included an allowance for budget overruns of about 20m if memory serves me. Easily checked.

Meanwhile, thought this might have been posted
https://t.co/vltjS6hNQ5

Take it as you will.
Certainly have a point. If you are pro, then it’s good news. If you are agin, then you might well be thinking it’s all a bit of a stitch up.
Whatever the rights or wrongs, pluses or minuses, it would be pretty hard to argue that the SAV, Galp, Northvolt Trinity is not a buccaneering dodgy grouping that will not take its ESG responsibilities seriously, wherever they end up operating. It’s a collective grouping that deserves applauding.