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TC why do you think they will achieve 50MT JORC that is almost double the current figure how come we are anticipating such an increase?
Sorry if everyone else knows the answer but I must have missed something, I was expecting an increase but not of that magnitude.
Thanks in anticipation.
262* Nimbys vs 500,000 polluting cars taken off the roads of Europe. I'm not sure it's such a great story and can't believe many people other than us lot will listen to the podcast anyway.
* - total population according to Wikipedia
Maybe it's time for Sav to remind the Portugese government the level of taxation income the mine would generate compared to the current income from a handful of NIMBY goat herders?
Lazy BBC journalists have simply google-translated the original article that was circulated weeks ago. It still references Dale as interim CEO.
Brucey-boy purchased the shares via his company so didn't even need to dip his hand in his own pocket. His company is very small and therefore doesn't file full accounts but it has a few hundred grand in the bank by the look of it.
This looks like what is technically known as a 'punt' to me and we are probably over-thinking it due to the lack of any other tangible information.
As another Bruce would say "Good game, good game"
I had assumed Aethel was one of the 60. I had also assumed that they fell into the 'outright sale' category. They are the only ones from the 60 to go public so far though unless I've missed something?
Trades seem to be almost entirely buys atm but it might just be they are incorrectly identified. My own buy showed as a sale last week so it's not entirely reliable.
I've been here about 10 years already so waiting a bit longer won't make much difference although I would happily see it sold tomorrow at the right price.
Which chart are you looking at Chameleon?
The chart on page 3 is share performance not overall valuation and the chart on page 20 shows the exact opposite of what you claim. (although pg 20 is Peers only)
I agree Init no smoke without fire and it's a brave man who tells the newspapers they will have concluded the sale soon if it's a pack of lies.
Maybe the price is being held down by his mates as a negotiating position?
SAV is unloved but I do think things are looking up. The EU has been caught napping by the Chinese who are now selling more EVs than Europe. The EU has been slow to invest in Raw Materials and production capacity for batteries and they are now finally waking up to that reality.
A Lithium mine in an EU country, what's not to like?
Agree Ramon. This does not say early sale to me.
Everything's for sale at the right price.
The RNS reads to me: 'We have plenty of options and plenty to do. Don't think we will sell at a low ball offer'
Https://www.innovationnewsnetwork.com/a-perspective-on-europes-rising-lithium-demand/34480/
This is from last month but is quite interesting too.
I don't understand why IG can't do this?
Interactive Investor did it with my Lloyds shares in April, they effectively do the sale and purchase on your behalf, I lost about £50 on the transaction which was for about £19,300, the other £700 of my allowance went to SAV. In hindsight I should have done the split the other way around!
It's all very quiet here so I wonder if someone more informed than me can tell us what the rules are regarding M&A and any information the company is obliged to share?
If an offer is made are the Company obliged to share details regardless of the offer's attractiveness
If the Board don't think an offer is good enough do they still put it to a SH vote or can they reject it
and equally, if the Board get an offer that they consider acceptable are they obliged to give SH a vote?
Is there anything I didn't ask that I should have?
Thanks in advance to anyone more knowledgeable willing to reply.
I cut and pasted this from Twitter. But there are links to more than one article on this Board, all pretty much saying the same thing so it seems like it's legitimate.
Hopefully an RNS soon.
After waiting 'several years' I'd be very disappointed with anything less than 10p
Aethel Mining, owner of the largest private iron ore mine in Europe, in Moncorvo, is in talks to acquire Savannah Resources, an important player in the European lithium industry, Jornal Económico (JE) has learned. If it comes to fruition, this acquisition will give rise to the largest mining group in Portugal.
According to sources contacted by JE, representatives of Aethel Mining, co-founded by Portuguese businessman Ricardo Santos Silva, are currently in Australia for negotiations, with the operation expected to be completed before the end of the year.
The British Savannah Resources boasts in its portfolio the Barroso Lithium mine, in the municipality of Boticas, district of Vila Real. Recognized as the most important hard rock spodumene lithium resource in Western Europe, the project positions Savannah as a vital element in the lithium supply chain.
Savannah Resources' plan for the Barroso mine calls for expansion from 542 to 593 hectares with an expected exploration time of twelve years and the creation of 215 direct long-term jobs.
In early 2020, Aethel Mining closed an important deal in Portugal, with the purchase of the company MTI – Ferro de Moncorvo , responsible for mining at this mine in the district of Bragança, starting to control the concession of the second largest iron ore deposit of Europe in Torre de Moncorvo.
The mine produced high-intensity aggregate, a “highly valued material for construction and work on large physical structures”, and the plan then called for the manufacture of iron concentrates.
Aethel Mining, co-founded by the American businesswoman Aba Schubert, started its exploration activity in Portugal in 2005, under the name MTI, and is part of the Aethel group, with business in the management of alternative investment funds and financial services, resources natural and technology.
The JE tried to obtain comments from Aethel, but until the closing of this edition it was not possible.
Loon have you actually read the articles?
Apparently people who invest in speculative Lithium projects before there is any certainty about production are 'Greedy Investors' according to one of the comments!
I haven't read the Times article because its behind a paywall but I've read the similar article that was written bfore the recent approval.
This is typical left wing NIMBY nonsense. If you don't want fossil fuels then you need to enable alternatives, if you don't want the alternatives either then go any live in Afghanistan like a caveman.
Most people don't want to live like scavenger hunters we want our modern conveniences and if we have to follow the Net Zero dogma then we need to dig up the Lithium.
Friday Rant Over. Wouldn't want to be out of this at the weekend etc etc
So Portugal Resident have decided that the Lithium isn't really there and even if it is Hydrogen cars are the future!
I'll sell my shares this pm :)