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Well what a day. Less than £11k traded all day. Who would think that Savannah Resources is part of the supply chain for the biggest technology transformation of cars since Henry Ford. Oh well.
Just released, SAV about 6.5 minutes from end. Also covers Ironridge in similar discussion just before. Interesting commentary on potential investors. https://www.**********.co.uk/articles/dr-daniel-crosby-author-of-the-behavioral-investor-and-john-meyer-c7e156e/
Presume this could be Martin Steinbild, Director of Lithium Business Development?
Clearly the board think the share price will be 10p sooner than Oman licence granted.. Hopefully it also means that they are not expecting a placing sub 10p anytime soon. The previous scheme was to incentivise and align shareholder interests and to motivate. Given it was to pay out this quarter , any new scheme isn't much of an incentive if it is likely to be completely different timeframe - so board expecting shareprice of 10p in short term, let's hope.
RNS out. Replaces previous scheme, set at 10p and once executed must be held for 5 years
Excellent points and discussion. Brad I think you are onto something there, a major partner wants surety of supply, so maximising life of mine is all important. Trisse agree regarding LTIPs but at least they act as a marker. Another benefit of proving up as much resource as possible is to increase the impact in the eyes of Portugal government and subsequent licence opportunities.
Very Good news, and although I understand the feasibility taking longer to cover the extended area and the massive potential upside-it is somewhat frustrating. I guess that is that element of the directors performance bonus now missed as well as Oman. Perhaps a strategic partnership or offtake in the next 25 days will enable the bonus to be paid. All eyes on Mozambique licence.
Well March is upon us. By the end of March the performance bonus for directors such as Archer and Ferguson will expire. They have already missed a third by missing Oman licence. So two thirds of salary in cash and deferred equity. In Mozambique PFS and licence and in Portugal feasibility study and strategic partnership(offtake?). Let's hope they feel flush at the end of the month., The so certainly needs it.
Thought you would all be as enthused as me - you didn't disappoint! I wonder how many years from now will they keep referring back to the great Tanfeedh Labs.
The Public Authority for Mining (PAM), the nodal agency for regulation and policy-making governing all mining and mineral related activities in the Sultanate, has identified as many as 110 new mining blocks for investment in key locations around the country. Efforts are currently underway by the Authority to secure the requisite permits from an array of government ministries and agencies whose approvals are mandatory under existing statutes before exploration and developmental work can commence at any of these sites. It is also focused on delineating the boundaries of each block. This process of securing pre-approvals for mining blocks before they are auctioned off in a competitive tendering process is one of several key initiatives proposed by the Mining Labs to help accelerate investment in Oman’s mining and mineral processing industry. The sector has been ranked alongside Fisheries, Tourism, Manufacturing, and Transport & Logistics as pivotal to driving Oman’s economic diversification. The Mining Labs, which were hosted by Tanfeedh (The National Programme for Enhancing Economic Diversification) early last year, have called for an overhaul of procedures governing the issuance of mining licenses and permits. Current procedures have been described as protracted, cumbersome and out-of-date. A modern licensing system advocated by the Mining Labs moots the establishment of a licensing mechanism whereby the Authority identifies promising mining blocks based on its geological studies and maps. The Authority then obtains the requisite approvals from the relevant authorities before offering them for investment in a public tender. Currently, as many as eight government bodies have to give their consent before mining exploration and development can commence anywhere in the Sultanate. These organisations comprise the ministries of Environment and Climate Affairs (MECA), Interior, Defence, Health, Tourism, Transport and Communications, Heritage and Culture and Regional Municipalities and Water Resources, as well as the National Centre for Statistics and Information (NCSI). “The current licensing framework allows the private sector to identify the sites the companies wish to explore or mine, requiring a lengthy and complex eight-point approval process,” a report by the Implementation Support & Follow-up Unit (ISFU) of the Diwan of Royal Court explained. “This is often unsatisfactory and discourages investors in case of (approvals not coming through despite the long wait). In order to enable more targeted investments, the Public Authority for Mining sought to identify promising mining blocks based on its existing geological studies and maps. Then, approvals for these blocks from the eight relevant authorities shall be obtained, provided that mining blocks shall be introduced in a public tender.” The Lab mooted an integrated mechanism for securing the requisite approvals from the government stakeholders within
Hopefully grandao 2
Watch this short video on global supply chain for Lithium and batteries and the near zero USA presence. Compelling, DA trip to USA recently.2+2? https://youtu.be/wv0PHIo1zzo
Coming up mid April. Perhaps an opportune time to announce copper production. Fingers crossed.
Agree. Announcements with the EBA aligning with government announcements will also help.
Here are the details from last night about two battery factories to be built: Two factories Macron said two factories would be built, one each in France and Germany, under a French-German initiative, at a time when their countries’ carmakers are waking up to the threats posed from relying on Chinese suppliers in an age of international trade wars. “As the president of France, I cannot be happy with a situation where 100% of the batteries of my electric vehicles are produced in Asia,” Macron said. “In terms of sovereignty and independence, I think it’s not good in the long run for our industry and the European industry to be 100% reliant on non-Europeans. So that’s why according to me on batteries we need a European wake-up call.” While some carmakers assemble battery packs, Europe has no significant production of their constituent cells – currently dominated by a handful of firms including China’s CATL and Korean rivals LG Chem and Samsung. “China has a very aggressive strategy to eventually dominate the electric vehicle universe by starting from electric batteries all the way up the value chain,” a French official said. China dwarfs Europe on EV investments, figures show European carmakers have invested seven times more in electric vehicle production lines in China than at home, according to industry figures collected by Transport & Environment (T&E), a green campaign group. Peugeot-maker PSA threw its support behind efforts to create a European manufacturer of electric car batteries in March last year. Domestic rival Renault, which sources electric-car batteries from LG Chem, also said it could buy cells from a European supplier as production of electric vehicles ramps up. “We’re noticing a realisation among carmakers that tomorrow’s competition will require a local battery industry,” the French official said. Macron’s plan will also include facilitating the construction of electric vehicle charging points, giving more visibility to carmakers about electric vehicle bonuses for consumers and increasing the government’s EV purchasing targets.
Nice battery factory at le harve or Bordeaux with weekly shipments by boat from Porto with Savannah Lithium will do me.
Reuters reporting Macron to announce investment in every batteries at dinner tonight. France is planning to invest 700 million euros ($790 million) over the next five years to boost its production of battery cells for electric cars.
But we did have a blog!
Also in that timeframe Rodney Hooper will be visiting site so hopefully will get decent inclusion in any forward analyses and market reports, alongside his USA and AUS forecasts.
Interesting unless it's a LTH rounding up to 5mill. Hopefully a new holder! Bull run indeed.