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Just what I said yesterday !!!!! No more deals giving away a slice of the company to offtake partners like the previous Galp arrangement that we thankfully cancelled. The message is clear, if you want our raw material then stump up some cash upfront, simple as that !!!!
Well played BOD
"In progressing the Project, we will also look to convert the strong commercial interest that the Project has enjoyed to date into long term relationships with specific offtake and strategic partners over the coming months. Given the strategic value to consumers of securing a long-term source of spodumene concentrate in Europe, we will be seeking relationships in which our commercial partners make a major contribution to the funding of the Project's development in return for the product they will receive."
You really haven't got a clue, the cash position is healthy, this SMALL raise is purely to pay for the DFS. The previous deal that we cancelled with Galp was an example of what we DO NOT want. Why give away a slice of the company at todays prices when this way we keep full control ? There are several very large players who want in, well they are going to have to pay the price, this send s astrong message that we no longer need to do bucket shop deals to keep the lights on, we can cherry pick future partners and on OUR terms. I suggest you either grow up or stop playing adult games, maybe scratchcards would suit you better.
What I don't understand is how some people talk down their own investment and just constantly talk bollards. I recently had a meeting with Dale representing not only myself but a wider group of investors, between us we have a very significant holding. Start communicating directly if you have any concerns, but don't ask stupid questions or expect any info that should be released by RNS. I can tell you this, we all have a fantastic chance of making huge returns here, almost totally derisked now regardless of whether or not we even mine. The interest now the DIA is sorted is immense, there's going to be a huge number of offers incoming of all flavours and I trust the new look BOD implicitly. It's been around 7 years since I first met Dale and back then it was easy to tell he's the brains behind the operation, yes he will stand aside soon once a new CEO is appointed but his contribution going forward will be no less valuable. There are no funding worries, there are people queing up to throw cash our way and it's reassuring that we haven't just grabbed the easy money, shareholder value is coming, chill your beans guys.
Chill your beans, I have every confidence that this BOD will secure a great deal sooner rather than later.
The interest from interested parties is extremely strong.
New CEO to come in also, hopefully with strong in country links.
I don't usually engage with anyone who has the IQ of a brussel sprout but as i've made an exception with mulgloom in the past it's only fair I adopt an inclusive policy. We are given information via RNS that falls within market rules, you're cleary an unhappy shareholder, might be time to find an alternative investment, maybe DA is looking for people to invest in his beauty salon now he's passed his level 3 in hairdressing diploma.
I've actually seen many broker note prices exceeded by a considerable margin, especially on AIM, sentiment can also play a huge role in driving a share price upwards. There will be many who have this on their watchlist that will be kicking themselves when there's an announcement on offtake/JV/M&A if they fail to buy in ;-)
Updated scoping study may come sooner than many expect as much of the work will be carried over from the original, with the huge rise in lithium prices over the last 2 years it’s going to be the catalyst for a massive rerate. Investors will want to be holding for the inevitable offers once the figures are released. The board are going to be extremely busy dealing with offtake partners, M&A enquiries and the application for EU funding. We will enter a news rich period in H2, bargain prices won't last much longer.
Mick, personally I think your views on DA are wildy inaccurate.
Some facts;
He took a fat salary for years for what ? Failure in Moz and Oman.
If it wasn't for Dale having the vision and foresight to set up Slipstream this company would have gone under long ago.
Dilution Dave has done very well out of SAV and returned zero shareholder value, i'm amazed you're giving him a free pass. The initial EIA was a pigs ear, no surprise it had to be torn up and redone. As for generating $9.5M from Moz that's a scandalous outcome considering the potential.
Our time has come, at last !!!! Make no mistake under the guidance of Dale and the team now unshackled from the previous control freak incumbent this company is going to make it big. We can now relax and enjoy the progress, the next stages are going to systematically unlock investor value. Should see interest from other quarters now that have either been on the sidelines waiting for this news or people that had never even heard about us before.
It remains a hold all the way for me, I maintain my 30p initial medium term target with potentially even more than that if we get the right blend of funding. Longer term yes we can hit £1 if we successfully bid for and obtain more areas.
Punj - a new poster with only 29 posts, most of which are utter BS, give it a rest, there's too many people on here that know what they are talking about and know SAV inside out hjaving been invested for sevral years, give it a rest.
TBH when we start production is irrelevant to most current shareholders, our targets should be met and exceeded way before then, we could be looking at the 20-30p range pretty soon, beyond that i'm sure some of us will leave something invested longer term but hand on heart who's really staying for £1 ?
Come on Elon, what a chance to showcase the use of electric trucks.
"Together with our technical partners, including ABB, we have a particular focus on either eliminating or significantly reducing the potential impacts of the Project, both locally and more generally in terms of emissions. Our initial work with the OEM's suggests that we will likely have access to both electric road haulage trucks and mine haul trucks early in the Project's life, which will significantly reduce our Scope 1 and 2 emissions. We are also exploring other ways to increase our percentage of renewables in the power mix to further reduce our Scope 2 emissions."
What a great job Dale is doing as CEO, if he had been at the helm earlier the project would be much further advanced by now and the SP would be well into double figures. Onwards and upwards from here imo. Well done to the team.