Member Info for RamonM

Unfortunately no. The Mayor has been against the Mine for a long time, one of the issues here is that they have asked for more detail on the issue of the positive EIA to MdB and the portuguese government refused.

In order to carry out the dodgy business with Lusorecursos, they had to issue them the EIA; and to issue their EIA, they had to issue SAV's EIA first...

Agreed, I don't think the Brits are aware on what is about to happen!

Everywhere in the Portuguese news

A investigação visa as concessões de exploração de lítio nas minas do Romano (Montalegre) e do Barroso (Boticas), um projeto de central de produção de energia a partir de hidrogénio em Sines e o projeto de construção de "data center" desenvolvido na Zona Industrial e Logística de Sines pela sociedade "Start Campus".

It does mean a lot. Check the news. The concession of Barroso mine to Savannah is under investigation

That website has got a few articles on that same tone. I believe they already had problems with the government for different reasons. It's either ultranationalist or aligned with the opposition. I haven't seen that inflammatory tone in any other news channels, so I would assume this is a bit out of the norm

I trust all of Teddy's links (even without description), they are always very relevant. The man is an ALL legend!

Somehow I feel that the resource as the potential to triple from where we are now (from 35MT to 100MT). If that was the case, Piedmont and ALL with share the reminder 50% x 3 (well, actually Piedmont will have to take material at market prices...)

Hi all,

Does anybody have a working link for the New ALL telegram group? The old link doesn't work anymore. Thank you :)

The current portuguese government is led by PS (centre-left party), Valpacos town council is led by PSD (centre right party). These two parties dominate Portuguese politics. I wouldn't expect it in any other way. If you get a government and a town council led by the same party, the town council stance on this will change significantly!

Wolster69, it is not paranoia, Aethel is well linked with the portuguese government and local entities. I will be surprised if they don't manage to buy out Savannah

Look around you, the majority of the lithium stocks worldwide are on their knees atm - bottom of the supply and demand cycle. This is not specific to SAV

Are you the policymaker by any chance???

If you read through old Portuguese news articles, you will find that both the owner and the CEO of Aethel Mining are/were involved in some obscure dealings involving portuguese banks and/or the portuguese gvt. They are very well seasoned in navigating murky waters, and could well be expressing their interest in questionable ways (like going to the newspapers claiming they are very close to buying SAV, etc - trying to eliminate competition and getting the cheapest price possible for SAV). Corruption and dodgy business is still big in Portugal - I am not being xenophobic, I am a Portuguese myself :)

I agree. I can see Aethel pushing for the acquisition to take place within the next 6 months, before the final environmental permit. Once the final environmental permit is issued, I would think that the SP would increase significantly - but that is just IMHO

The second article (in English) is a copy of the initial article (Jornal de Negocios, in Portuguese). Regarding having a conversation with the Mayor of Boticas, that isn't such a big deal (given that the Aethel Mine is around 45min away (if that much) - I am almost certain that the CEO of Aethel Mining already knows the Mayor of Boticas. From what I can gather, Aethel will do whatever it takes to buy Savannah (including some shady tactics, as I am sure that the portuguese government would much prefer to do business with Aethel than with Savannah) - it will be Savannah's call whether they want to take the project to production or not. But Savannah should definitely issue a formal statement on this matter ASAP

This is certainly a very interesting appointment. The guy seems very capable and talented - an appointment by merit. Totally the opposite of the recent CEO appointment for Aethel Mining (the company that has shown interest to acquire Savannah recently), as he was/is a boy of the portuguese government (a politician rather than a capable CEO) . Based on this, I would say that Savannah is in it for the long haul, but what is everybody else's opinion?

It might be a low-key rumour, but I am taking this very seriously. You see, the MD of Aethel Mining was until the end of 2022 a boy with a job (he was the general Manager of the Northern Ports of Portugal, nominated by the now-ex Portuguese Infrastructures Secretary). These ports are also the ones that will be used to ship the lithium from the Barroso mine to any part of the world.

He certainly is extremely well linked with the Portuguese Environmental Agency and with the Portuguese Ministry of Infrastructures.

Seriously, I suspect Aethel Mining have a lot more know how than Savannah have about the mining area, the region where it is located, the project and the view of the portuguese gvt on the project ...

https://eco.sapo.pt/2023/01/04/nuno-araujo-troca-administracao-do-porto-de-leixoes-pelas-minas-de-moncorvo/

So why the bidder not try to buy it as they can still get it for a decent price? And by decent we could be talking about the 20p previously mentioned...

IMO, the bidder has been rubbing shoulders with the portuguese authorities (as they already own the iron ore mine in Moncorvo), and they are well aware of the hurdles or obstacles they will be facing; they might have been advised by the portuguese authorities that the process iwill be relatively straightforward and that the mine is already in the bag. But these are only my thoughts as a portuguese living in the UK!

From the content of the news, I don't think this is a speculatory offer from Aethel, far from it.:

1) They have a very solid position in Portuguese mining and therefore will be very well connected with the portuguese government/agencies (and therefore know how to get through the next steps to built the mine).

2. They already have mines nearby the Barroso mine

3. They have travelled all the way to Australia to negotiate.

4. They want to get the sale done by the end of the year

Any thoughts?