Member Info for Stick2Facts

Looks good on the surface, but cant see the attraction as no net profit and no sign of a dividend....

They really want us to build the presence they are after in lithium and will hopefully be prepared to offer a more realistic price - we get to vote of course regardless of any recommendations -

Just in case some members haven't seen or are not aware of this -

LISBON, June 20 (Reuters) - Dutch miner AMG has acquired a 15.77% stake in London-based Savannah Resources to become the largest shareholder in the company that is developing a lithium project in northern Portugal, the companies said on Thursday.

Savannah CEO Emanuel Proenca said the 16-million-pound ($20 million) investment represented a "huge de-risking step", describing AMG as the "ideal partner" because of its own lithium business that serves Europe's battery and electric vehicle (EV) sector.

The project, which has faced strong opposition from local residents and environmentalists, is widely seen as a test for the European Union's ambition to reduce its dependence on countries such as China for key raw materials.

Savannah wants to build four open-pit lithium mines in the Barroso region, extracting enough lithium each year for around half a million EV batteries. It hopes to start production in 2026.

AMG and Savannah have also agreed to study the possibility of building a refinery in Portugal or Spain to turn spodumene into lithium carbonate.

AMG said the deal gives it a seat on Savannah's board of directors and a five-year offtake of 45,000 metric tons per year of spodumene, a mineral that contains lithium, extendable to 90,000 tons over 10 years.

Enjoyed the update today and all the positivity it contained echoed by the various summary reports all stating the obvious improvement in output and much more to come over the next few months and beyond.

Good luck to Leon and the team and all share holders here moving forward, I'm more than happy with my investment and looking forward to the next update.

GLA - and as always form your own opinions and DYOR

Can only see upwards and noticeable how well "my protein" products are selling in local supermarkets. THG is progressing well anyway and I think that came across clearly in the last update. If, the taxation return becomes a reality, this will fly....

GLA and DYOR

Hi Buzz - I agree and its looking like a blo**y big recession :) - you've got to laugh

Fingers crossed - GLA

Https://www.msn.com/en-gb/news/world/fears-of-collapse-spread-as-iran-war-sparks-shortage-of-critical-resource/ar-AA1Za0Pj?ocid=winp2fptaskbar&cvid=6f68eae6305b4857d88fdf859c8edd96&ei=41

Having weighed all the possibilities regarding the north sea and self sustainability it seems that our priority is to consider sending ships to the straits of Hormuz as the priority. I don't know what this tells us regarding the future of north sea oil and Rosebank etc?

GLA for Wednesday.

Https://en.wikipedia.org/wiki/Wheal_Vor

This is a big subject of course and I'm all for improving the environment, but looking at this listing, overall the world is going backwards, we are a minimal contributor and more than doing our bit. However even if we achieve 100%, our effect will be pointless when others are increasing at their current rate, so common sense needs to prevail in our efforts alongside the effect on the industry I would say but just my opinion.

GLA and DYOR

https://en.wikipedia.org/wiki/List_of_countries_by_carbon_dioxide_emissions

Seems to be a very supportive update to shareholders regarding the boards views/intentions to pay dividends now? and in the near future , and in my opinion reads that they want to convert some capital into dividends to distribute to shareholders before being able to do so from profits.

GLA

Excellent interview with BO and aside of all the excellent resource we have, first Helium in Montana is something to be very proud of and I'm sure will attract a lot of attention and good publicity (and potentially politics), as/when when the word gets around - Has anyone told DT - just joking, but who knows.....

GLA - sure this will be a winner.

What a strong update and very professionally run, profitable business. Can only go from strength to strength.

GLA

Cant believe the reaction here to the good news. We're producing Helium ready to agree offtakes so will soon have income to develop the buisiness going forward. Will rally before end of play I'm sure and should do on this news.

GLA

I understand everyone's frustrations, and I'm no expert but I see this as a positive report against the most demanding circumstances. We're up and underway with a lot more to come and I see that as progress, the rainy season and all things considered especially in African weather extremes. If you ask me, we have a business moving forward with excellent potential.

I'm more than happy to see the offer of backing and to for the prospect of our produce going America. At the end of the day we will need financing and production outlet security and to have the offer so early on can only be seen as a vindication of the potential quality of our business. I have first hand experience of working in an industry that has been in demise for many years any despite fruitless appeals to the government on many occasions has resulted in closure without support. Its about building a business at the end of the day that in turn supports peoples families, welfare and local communities (not to mention bringing interest to other mining companies in the area) and the offer from America couldn't be better in that respect.

The world stage postering and politics of the moment are both negative and positive and there will be lots more to come but the main thing is that we are moving forward all the time and investors can see our potential and progress.

Has anyone got any idea of how long it will take to find a partner and how much % share a partner will take, along with what's involved with further test drills etc and how much/long to commercialise it all. I maybe wrongly thought it was already at a start point commercial stage and would be ready to sell our first batch shortly....

Reading the update I can either totally agree with everything that's been said or read that there's lots more water than expected in the GWR that will need to be processed to get the lower end (still viable) helium out, and then water needs to be gotten rid of so partners needed to progress this and look for sweeter spots, Still good news though either way I think...

I'll also be buying as many as possible. All being well, we'll have a producing mine with great resources at the perfect time in terms of market demands and price.

GLA

Tungsten west financing/capital raise :) - One of worlds largest Tungsten deposits, Former Recent high share price should help with fund raise, Recommissioning of existing mine and infrastructure fast track to production. There will be delays with recommissioning etc, but will be producing with committed investors at a time when the whole of Europe and UK intend to re-arm over the next decade. China by far largest producer, but falling out of favour with US, and US falling out of favour with Europe so we may be nicely placed in the middle. However along with Tungsten West's, there were other European Tungsten mines that also closed/diversified when Tungsten price last cycled low.

Just my thoughts - DYOR - SML a great resource ...

If we were a company up an running and paying a dividend, dividend would be diluted through additional shares, but we are not in that situation. In our case we need to get the business going quickly to get in production so we need the money from somewhere. In my experience, the value that the additional shares are raised at normally affects the share price accordingly but depends what value is used as normally set on a transaction date with a discounted amount on top of that. We have risen a lot just recently which will may help in the fund raise but dependent on the set date and who knows, existing shareholders may also be offered the chance to participate in buying the shares at a discounted price.

Bottom line for me is that Tungsten West was one of the biggest and well know mines in Europe and with its existing legacy equipment and infrastructure which makes it easier to recommission all around, so if any Tungsten mine can get going and capitalise on the higher prices it should be our business.

Just in my opinion - please DYOR - lets see what happens.