Certainly have the right experience. Hopefully now we can have a resource update.
Resource update this week hopefully
If this happens then usa companies who get Lithium from China may have to pay 10% more. These are the category ids in the proposed tariffs. 2825.20.00 Lithium oxide and hydroxide 2836.91.00 Lithium carbonates Perhaps the USA companies need to look towards Portugal!
Surprising also there hasn't been heavy heavy buying in the market by the investors that didn't get enough. DA needs to take care in these puff pieces he does. Hopefully when he is raising production money he will do it as a part rights issue at a published price to avoid this sell off. The reduced price not only damages the immediate sp but now all those 9p shares will potentially sell into any rise earlier than if they had paid 12p. Even in an interview like that Da should mention Oman and Moz, it gives the impression they don't matter.
Now they can get on and issue the Portugal resource update, hopefully Monday.
Not only is Sav CAPEX requirement a quarter of BCN's, Sav also has the potential of EU Funding contribution. That could be really important for us.
Seems that Aldeia & Irmão is a proper business and not some lucky landowner next door. Clearly they just want to concentrate on clay, sand, feldspar. Check out their website, here is summary translation. In the imminence of completing half a century of existence, the activity of Aldeia & Irmão is a business of generations. Aldeia & Irmão is an SME Leader that stands out in the market as one of the largest national players in its field of activity. It is dedicated to the extraction and commercialization of raw materials such as clays, feldspars, kaolins and sands. The company is dedicated to supply the national ceramics market in the areas of flooring, flooring and porcelain and in the civil construction area, these being the main areas. Aldeia & Irmão has a growing turnover, mainly working for the domestic market, although it has already made some inroads into the Spanish market. Aldeia & Irmão is a company that today has a wide variety of raw materials. With several quarries and active mines, with projects for licensing, the company Aldeia & Irmão guarantees in this way the raw materials needed to satisfy its customers in the coming decades. CONTACTS Office Rua do Barracão Barracão 2420-195 Colmeias
Yes I noticed BCN furore as well and agree with both your comments. Maybe tempted to have a few BCN if it drops to 65.
Qu. What is purpose of drilling?!!!!!!!!!!!! Made me laugh. Great insightful journalism! However sp on the move. So all good.
Yes, agree 50% on 14m gives 21mt then further drilling throughout year gives my target of 25mt plus.
A little bit of a subdued response. This was a very good RNS, the grades are all decent as are the intersection lengths. Expanding the area and with a third drill on its way Sav is cracking on. 20Mt is definitely on the cards wouldn't be surprised to be at 25mt plus, by year end. Nice £20k buy after hours popped up.
To coin a phrase : cart before the horse. Made me smile, good article.
Surely not indeed Chamy
Interesting story from fool.com.au ......... Many regular readers and those that follow the lithium space are likely to be aware of the mixed views on the future direction of lithium prices. One of the most bearish investment banks has been Morgan Stanley. As I covered here at the end of February, the broker’s international team predicted that increased production from projects in Argentina and Australia would add an additional 500,000 tonnes of supply to the market by 2025. This compared to the current annual supply which stands at approximately 215,000 tonnes. In light of this significant rise in supply, the broker suggested that lithium prices would fall from US$13,375 a tonne today, to US$7,332 a tonne by 2021 and then US$7,030 a tonne thereafter. As you might expect, this bearish view weighed heavily on the lithium miners and knocked many of their shares for six. Surprisingly, just a little over two weeks from the release of that note Morgan Stanley Australia started to buy Galaxy Resources Limited (ASX: GXY) shares and has been doing so ever since on what appears to be a daily basis. In fact, the purchases it made on Tuesday means that it now owns over 5% of the lithium miner’s shares outstanding, hence why a substantial holder notice was filed with the ASX today.
The next decade starts in 2020.
Thanks IB.
Yes, on the basis that funding in place for at least year and raised at 9p,massive Lithium potential,institutional investors on board, lots of news flow. Patience is needed so if you are looking to trade, then the next spike maybe a while, look elsewhere. The potential to treble from here by the next decade is very real.
Also the big funds must have been told something positive about oman. Their investment is just not about Lithium
Look, on the one hand it was oversubscribed, however with a discount to 9p hardly surprising. But there were no warrants this time. So that's good. Funding now in place as aim2death says we can now afford to declare bigger resource and pay slipstream. Is on board is good though would be good to know who. Funny how BCN and Sav announce funding together.
secretive fund from Oman is in talks to buy a £50m stake in a London-listed lithium miner amid an escalating land grab for the mineral — a crucial component in electric car batteries. The Gulf nation’s State General Reserve Fund (SGRF) wants to buy a chunk of Bacanora Minerals, an AIM-quoted company looking to raise £400m in debt and shares to develop a Mexican lithium mine, say City sources. SGRF is also aiming to strike an “off-take” agreement with Bacanora, securing supplies of lithium once production has begun.