We would love to hear your thoughts about our site and services, please take our survey here.
Thank you for the video, it does show how emotional these matters are. I am a campaigner and activist so I do have some sympathy with the views of the local farmers. However, ( yes there is always an however ), progress must move forward. There are similar issues in the UK. Fracking being one of them, and the process has been suspended due to low level "earth quakes".
I accept that mining is a messy job we did have these problems with coal mining and who will ever forget the sadness of the Aberfan disaster. I would like to believe that health & safety has moved on to a degree that will ensure such things will not happen again.
You would be hard pressed to recognise a coal mine that is not in use. The eventual clean up was excellent and some areas have been turned into parkland for recreation.
The need to reduce fossil fuel use is upon us and Lithium is a sure way forward, not withstanding the current noises being made about the cost associated with production and disposal of batteries.
I feel Portugal has to decide if it is content to stay with age old practices or move forward. There are others waiting in the wings internationally to supply Europe with lithium. The mine will create wealth and much needed employment. If the eventual clean up is done in a professional way I see no reason why moving farms further afield is a problem.
As a child I recall the era of slum clearance and the enforced move to new build towns many miles away from where my parents were employed. I witnessed age old industries decline, ghost cotton mills, some now having a renaissance as multifactoral business have moved in due to the benefit being low cost rental and an attraction to customers.
I have seen local corner shops decline with the advent of supermarkets.
Change is constant in the name of progress. The tough part is convincing those families who are affected by the change.
Please do not think I am taking a cavalier attitude to the plight of Portuguese farmers etc. I am merely attempting to highlight that as unpleasant as it may seem, if handled properly, there is a future to be handed down to the children.
Me too! Another 10k added. There are times in life when you simply need to believe!
I agree everyone has a point of view, accept it or don't accept it but what is there to gain from berating others?
My 2 penny worth, ( no puns intended ) is there are factors outside the control of SAV.
https://sharesmahazine.co.uk 27 January 2020
have a heading of FTSE 350 mining stocks are getting hammered. The article goes on note the affect China is having, there is a global response to the Chrona Virus, affects on commodities coming from China and also their 50% copper demand and 14% global oil demand. Shares in iron ore production have fallen.
Rio Tinto get's a mention, down 4.75%, and on it goes!.
Am i frustrated with the several years of promise? Of course I am but I am also realistic enough to accept that life is what happens whilst you are busy making plans.
I do share the increased frustration regarding SAV. I am sure my £11k purchase is small fry compared to many on here. I am down considerably so need to stay positive that the sun will shine one day soon.
Guardian article today, I have extracted a small piece that interested me.
" Dividends from UK-Listed companies reached $105.8Bn ( £81.2bn) in 2019, a rise of 6.2% on then previous year, boosted by large special payments from companies Rio Tinto"
Fingers crossed that out association with Rio Tinto will tip the balance of success in our favour.
Interesting article. Not dissimilar to our HS2 debate, progress v local concerns and disruption. I would like to think that modern mining can achieve their outcomes and make reparations to the community and also provide much needed employment.
SAV do appear to be making the right noises in terms of wanting to work with local residents with guarantees of a clean up program.
Portugal appear to have a weak government with a small majority and I am unsure of the affect a weak government will have on the success of this project.
May we live interesting times hey!
Sent a message to SAV this week, thought might like to see the reply:
Hi John,
Thanks for your note.
All is going well at Savannah and we are marking good progress on both our lithium project and Mozambique.
On Moz first, you will have seen the announcement early in January of the award of the final mining lease for the project. This completes this major value adding process and we are delighted that we, together with our joint venture partner Rio Tinto, have now secured control of one of the largest undeveloped mineral sands deposits in the world. We are working on a number of aspects including on ground and harbour studies that will feed into the pre-feasibility study.
We have been exceptionally busy in Portugal. Efforts have concentrated on completing the Environmental Impact Study and moving the definitive feasibility study forward. The EIA has taken a bit longer to conclude as we have been asked to include the impacts on Spain which is some 30kms north of the project. Nevertheless we hope to lodge the EIA in coming weeks and this will be followed by an extensive programme of stakeholder engagement. In parallel we are working on offtake arrangements both for the lithium and the quartz and feldspar products and we are receiving very good interest from a number of European groups. Our observation is that that interest in our project is accelerating as the awareness around EVs is increasing. Ours is head and shoulders the best in Europe. And you will have seen in the UK the move to the banning of the sale of petrol and diesel engine cars in 2035. Then on Sunday Jaguar Land Rover was reported as having problems sourcing enough lithium ion batteries which is indicative of what we believe will be an emerging crisis around the lack of supply of lithium.
I can assure you we are not idle and that we are putting in place the building blocks for a very successful future.
I do appreciate your investment patience.
Kind regards,
Having spent time this afternoon reading the contents of the Investment presentation, there are two of the comment:
'Cautionary Statement: The potential quantity and grade of the Exploration Targets is conceptual in nature, there has been insufficient exploration work to estimate a mineral resource and it is uncertain if further exploration will result in defining a mineral resource'.
For you experts out there, is this a common statement?
Given Rio Tinto association with Sav, I am assuming that the following opinion of Lee Wild is something to smile about.
'Last year was deffinately one to own the large cap miners. They outperformed the FTSE 100 significantly over the year. I'll remind you. you picked RioTinto (LSE:RIO) as a safe and organ stock for 2019. Now, i tell you the shares are up 12% year-to-date (2019) and returned as much as 35% at their peak. The divided yield of 6% is something for income seekers too."
From iI active investor this morning in my in box.
Thank you
Interesting read. Does anyone have a realistic forcast of what the SP for SAV has the potential to reach? Sadly I have little exposure to such matters so would be grateful if someone could direct a little sun shine my way.
Mina Do Barroso Project:
"JORC Resources increased from 3Mt to 20Mt."
"June 18 Scoping Study underway, demonstrated robust economics for surface mine and spodumene concentrator operation.
Feasibility Study to be completed by 2019 with a production targeted for 2020."
(SAV 2019)
Reasonably good progress I would have thought.
I agree with the avoidence of temptation to dilute further and hope this dos not happen.
For larger purchases ( if available ) it would possibly appeal to high investors as the returns would be worthwhile due to the volume purchased.
Over the past years I have enjoyed the playful banter regarding SAV. My infantile knowledge of investments does not allow me to be contribute. However, I do like to feel that I have reasonably sound understanding of Structure and Process. Not withstanding that S&P is generally offering guidance to organisations. The SOP model described by Glassop (2007), opens up a way of looking at anything by considering
1) what the thing is composed of
2)how the thing is composed,
3)that a whole thing is an organised structure. What we are seeing with this description is that real things are multi-faceted and that each level needs to be considered separately and together.
Thus, I have concluded that Archer is following this process to ensure that there is clear understanding of what the mine is, in terms of safety, quality, cost of production, cost of distribution, identification of a market, understanding the local issues that may cause the project to fail, cost of implementing local planning laws, licences required etc. He appears to have ticked off the relevant issues to his satisfaction and as I understand it, is questioning the results of this part of project to close it off. Thus, ensuring nothing material to the project has been missed. Now this crucial phase is coming to an end, I feel sure concentration will turn to diving forward with the process of extraction.
For me, I am quite happy with his performance so far. But, I did start by saying a am a babe at sea when it comes to investments. Merry Christmas to all and may we look forward to a prosperous New Year.