Member Info for muldoon96

https://www.google.com/amp/s/insideevs.com/news/354223/hydrogen-fueling-station-explodes/amp/ Better to stick with Li !

Hmm, all it has done is allow someone else to offload 400,000 shares.

There's life in the old dog yet.

I thought it was Arc Minerals people were talking about ? Ticker ARCM.

People are very selective ! - the 300,000 buy gets a mention, but not the 500,000 sell that followed it 10 minutes later !

https://www.slashgear.com/toyotas-electric-vehicle-plans-just-got-aggressive-07579666/ “Achieving that will take more than just good intent, of course. For a start, more EVs will mean more batteries: Toyota says it aims to have at least 10 models available globally from 2020, spanning everything from compact cars and medium-sized crossovers and sedans, through to various sizes of SUV and minivan. The automaker predicts a roughly 20-fold increase in battery demand by 2025.”

And the ambassador's Twitter feed has extra photos and Portuguese text that translates as : 'Fascinating visit to Boticas (Trás-os-Montes) where the company Savannah invests in the biggest lithium extraction installation in Europe. I met the Mayor and visited the site. It was good to see the company's response to social and environmental issues'.

SAV tweeted this evening a picture of the British Ambassador to Portugal at MdB today.

And hopefully good week next week

BCN has announced FS for its German Zinnwald project this morning. Anyone care to assess how it compares to Mina do Barroso ?

We should get a confirmatory RNS about this option in just a few weeks. From the RNS of 25 September 2018 : "The Option would, if not exercised earlier, endure until no later than 25 June 2019 whereby the Company would be required to commit to the purchase of the Proposed Licence Area once granted by the relevant Portuguese government bodies ('Commitment to Purchase'). The total purchase price of the option is €358,000, of which €58,000 is due upon execution of the Pledge and Purchase".

How did you know David would announce another 15% Portugal resource increase this morning ? Yes, keep up the good work David.

... on this RNS from 13 Dec 2018 about selling co-products :

High quality, saleable quartz and feldspar co-products produced from ongoing metallurgical test work programme.
Co-products will be produced from further processing of the tail material from the spodumene concentration process. Initial indications are that the following products can be produced and market studies by First Test Minerals have been completed to provide some indicative pricings for the products:
- Feldspar (Na2O+K2O+Li2O grades >12%) potential price range of US$65-100/tonne
- Quartz (99.6% pure) potential price range US$60-100/tonne
- Bulk Tail (Na2O+K2O+Li2O grades >7%) potential price range of US$40-45/tonne
- All products have low levels of potential impurities, below maximum limits specified by customers. Importantly, the potential pricing of the products which can be produced have been identified as being significantly higher, by First Test Minerals, than those conservative values used in the recent Scoping Study of US$39/tonne for feldspar and US$33/tonne for quartz. Test work for co-product and specifications independently evaluated and confirmed by ceramics industry expert, First Test Minerals Ltd. Bulk co-products currently being generated for further evaluation by potential customers and preliminary offtake discussions are underway with a number of potential parties. Significant environmental benefit from the sale of co-products, reducing the potential size of the footprint of any potential operation. Sale of co-products to prove economically beneficial for the Company, through the diversification of asset products. Savannah's CEO, David Archer said: "The area in which we operate is a major quarrying region for ceramic materials which supply the vibrant ceramics industries in both Portugal and Spain. Importantly, having multiple product streams means we are maximising the value adding potential of the Project while also reducing the volume of non-saleable material that will need to be emplaced on site in contoured and vegetated landforms. I look forward to providing further updates as we progress our Feasibility Study towards delivery in 2019."

Yes 1.5 mill ozzie dollars, or about £800k as you say, on 9 Oct 12018. So that 'one-off'' would mean the monthly cash burn is less, and one presumes the bulk of the expensive drilling is now done, so maybe we are Ok until early 2020 ?

We raised £12.5 million nearly 11 months ago (on 5 July last year). Not sure how much we had in the bank prior to the raise but probably at least £0.5 mill giving a total of £13 mill. The year end results stated we had around £8 mill on 31 Dec. That is a burn of £5 million in 7 months, possibly more if we had more than £0.5 mill at the time of the raise. We are now 5 months further on from 31 Dec so if the burn rate has been similar we will be down to about £4.5 mill cash now, and down to zero before year end, meaning another cash raise is liklely before year end. I sincerely hope the sp is sufficiently high by that time so we do not suffer significant dilution.

https://www.bloomberg.com/news/articles/2019-05-27/vw-to-reshuffle-56-billion-battery-push-as-samsung-deal-at-risk?srnd=premium-europe

Well there we have it - Oman is essentially a dead duck and they are looking for ways to ditch it, and still no results re Moz licences. A restatement of the ludicrous phrase 'we are hopeful the mining leases will be issued in the coming months'.  I bought in on both these projects. If we didnt have portugal i'd be sunk. God forbid anything goes wrong with that..  

Donbt understand yourcalculations. You sayu :
Radius(r) 1.5
Diameter(d) 3
Circumference(c) 9.424778
Area(a) 7.068584 CM/2

Radius(r) 3
Diameter(d) 6
Circumference(c) 84956
Area(a) 28.27435 CM/2

So you second calculation is with a diameter twice that of the first calculation. But we are dealing with 0.25 inches as against 0.75 inches aren't we, i.e. the second is three times the diameter of the first, not twice ?

What, like our small high-yielding copper project in Oman ? Just kidding, we will maybe get there eventually, though probably not in my lifetime.

Ganfeng have bought I to BCN this morning but not at a particularly good price ? Good deal for shareholders or not ?