Member Info for Joeman1

I thought we might get that RNS tomorrow BEFORE the presentation.....but maybe im wrong

No way..... that posting cut out 80% of my words.... if I get the chance later I'll repeat the operation.... thats time I won't get back and frustrating as f%@#.

Summary.... SVML premium has reasons in the areas of.

Additional commodities

Type of partner

Strategic importance of commodity to partner

PFS NPV (BRES NPV is equivalent to SVML annual EBITDA)

Project timescales to full production and Megabucks

Near term buy-out potential

Loads of reasons Carlos, and none of them a negative to BRES imo. Both companies are good bets for returning value imo. Here's a list of some of the reasons as I see them.

1. Project NPV from PFS.

BRES NPV is currently

Got to Love a Bats#@t crazy conspiracy theory......

If lapdog LG is spouting it then you should follow the money..... back to where is funding is coming from.

.... Ukraine war is over (the as yet undefined, may not even be there) Lithium ....... you almost couldn't make it up.

but someone has.

I get what you are saying Chris, but im not getting the feeling of anything closer than a year away..... which is further away than I would have said 12 months ago.

Im not sure how this can be claimed as a postive RNS, if it was issued as an update response to a number of LTHs declaring that they were selling a portion of their holdings. (Perhaps further pushed by the fact that yesterday did see a reasonable amount of selling imbalance).

In particular Luansobe is supposed to be our near term revenue play... a year ago I would have made this statement.... and the rhetoric from the company through interviews would have backed this up.

This RNS has simply reiterated that Luansobe has lots of potential.... a few more people have kicked the tyres and agreed but no sense that exploitation is any closer.

Am I missing something here? If I had sold yesterday to pursue alternative medium term goals I would be patting myself on the back right now.

The shift to sodium ion batteries will have the same supply chain issues as Lithium currently does.

An Elon-esque comment such as you just need to add something to salt water and give it a shake and you have BQ material wont make the growing pains of Sodium go away.

Plenty Lithium required in the years to come and nothing to change Europe's need to have the Cinovec resourse up and running...

But they should probably try to not be behind the curve on Sodium either.

Just need to get their finger out and develop the resource.

Perhaps the under/low forecasting is because the ink is not on paper yet for all the various supplies that are intended to fill out the production of Roan. Maybe just being cautious.

Maybe there will be a near term announcement about Project G that was mentioned..... along with a similar announcement from GLR on Luansobe.... you can dream

Yes, last news suggested September for giving us a date for the DFS. The reasoning given for this was that the period up to September, was needed to complete survey work on new areas proposed for the plant.

So either 2 weeks or 6 weeks before we find out when our DFS is gong to land.

Found it.. right at the end of the Shares Investor Evenings presentation. probably mid 2025 for DFS completion, followed by maybe 2.5 years to production.

I have time to add in the meantime I think.

Im trying to find some indication of timeframe for our DFS to be delivered.

Can anyone point to an interview or presentation where Sapan has dropped the probable timescales? Sovereign appear to be going great guns at this project, so im hoping the DFS is relatively soon but I cant see a timescale in any of the presentations.

Great stuff but needs dates.

Highlighting lots of further improvements in the end processing but the main criticism of the company is missing deadlines or not having them.

I agree Analytical, but its understandable that people are feeling that things like the Luansobe deal are taking far too long . Especially considering the early bluster about timescales.

The % of cars being sold today is just a snapshot of the marketshare and also needs to be considerd in the context that overall car sales are currently low. 25% is a great number.... but importantly less than the 4% of cars on the road being EV demonstrates market potential.

So, unless arguing that less people will own cars and people will generally own fewer it is a fair statement to say that the UK market still has 96% untapped potential.

Norway, the country with over 80% of new cars as straight EV still has 75% of its current rolling stock to replace..... and thats probably the most progressive example on the planet. Massive future potential for lithium demand.

The thing i'll agree with. They need to get their finger out .... it isnt going to make us money if its still in the ground.

Everything in this looks good to me. Nameplate expected by end of year and Q2 concentrates shipped (with photos).

The curveball of their second tailings area planning being delayed seems to have been handled professionally ...... and some quantification given to the areas that have required higher reinforcement as they have developed them (25%).

Rupice resource update expected by year end.

Hopefully this draws a line under the recent slide as it continues to show a professionally managed transition to full production with a significant cash position and access to more funds if needed.

Pretty happy with this.

Percentages are misleading for sure....

less than 4% of UK cars are EVs and the New car percentage is

Fulmar's quote was about mining contractors.... not drilling contractors.

Looks like it's up 12% on the Aus exchange so far..... what new info can we be expecting?

Howzap,

I thought most of the Manica money is going in the ground in Africa. Has Colin suggested somewhere that they are spending some more on Bushranger? I took it from the last podcast I heard that it was limited studies such as the ore sorting and then benefit from what we know when the copper price rises.

Skelly,

1. I'll get more shares when I transfer these to my SIPP account and use the tax allowance to buy more.

2. Trading account will show a higher loss to offset against gains in other shares (im an optimist)

3. I can safely stop looking at the share for 6 months as it looks like nothing much will happen for a while.

All very specific to me ... ill grant you.... but positive spins none the less ......