Member Info for theiceberg

https://www.lseg.com/sites/default/files/content/documents/LSEG_CM_LSE_TRADING_SERVICES_GUIDE_03.pdf Well worth book marking. The glossary in the back in useful as well.

Sets sets. Dma access. Sets sets. Imagine an order book where the market makers can be bypassed, where large orders be put up for all to see. Where folks can put a order on the bid for say 6p or an ask for 60p. we would probably improve liquidity. If any wants they can ask David to try and move to sets. SetS sets SETS.

It was a good price. I seriously considered buying some more. I just couldn�t justify it after forking out for a trip to the us for a couple of weeks next year. Should had that 100m for a capex for the hard rock lithium is about 25% less than the normal price. Hatch have been pushing the boundaries designing cheaper and cheaper capex lithium solutions. Assuming a 2 year pay back that would be 50m a year profit.

It�s good that David is so upright and proper as to feel the need to release an rns. I can understand that any comments re listings is very market sensitive. However it clearly had no impact on the market and was not used in any company literature therefore i don�t agree with the need for an rns. All the above said there is no smoke without fire. David clearly mentioned a desire for a main listing. The European listing is interesting. I can see a 10% stake of Sav maybe in the autumn going for a German listing. By then a good mcap could raise 10-15 Bn. My suggest to David would be to upgrade to dma access within aim. I think Sav is big enough now to allow that. It would make it easier for anybody to get a Stake and provide some more fluidity to the market. Tbh though I am glad David did mention it as it flips a lid on a few of his thoughts.

Coupled with moz npv of around $300m at current il est. wonder what Oman will be 50-100m? Combined free cash flow of $3bn. $1500m for moz. $1200m for portugal and 300 for Oman. I am happy to wait 2 weeks for these. Even happier to get it tomorrow.

I seem to have a figure of around 400m in my head. I compared savs future rerate to solgs before partly because I think they will be similar and partly because I believe Friendly high level chats have taken place between Sav and solg. Maybe two Aussies at a conference talking about how to make a 1bn+ company from a small aim minnow and how to maximise potential resource value prior production.

Scoping study received by Sav then. I can�t see David talking on the record about fixed capex without getting the figures from hatch. Also I can see the hatch report being released possibly tomorrow. This story looks like a plant to me. Finally a main listing isn�t just applied for. I�ve not heard of a main listing for a company with an mcap below 150m tbh. It kind of says that they are expecting an mcap 150-200m by the end of the year to allow this plan to succeed. Got a feeling next week will be a good one.

I am not sure anybody is an rns junky. It�s simply true to say we had very little news in May. It�s not a negative just an obersevation that an a good news rns would be beneficial. In the same post I said that Sav had a cracking and fantastic time recently. Re trading, I learnt years ago that trading on aim is a fools game. You might gain a bit, bit sooner or later the house wins unless you want to cheat, or pump and dump (sorry momentum trade). To make money on aim you invest imho for long term. I can honestly say I�ve not sold a single aim share this year and have no plans on doing so. Getting back to Sav. Just doing some light reading in moz mining licenses. Timeframes seem to be 3-15 months for licenses. Also good to remind myself that current ilmenite prices give a free cash flow on savs Rio jv Of well over 1bn.

Flat, boringly flat tbh. Buy dropped from 8.49 to 8.45. Sell dropped from 8.44 to 8.34ish. I think David needs to issue an rns. We�ve only had one of any significance since the 2nd of May. That was just to say we had the signatures. By Monday it will be 1 real rns in a month. With a wider view though it�s been a cracking week and a fantastic month. The markets have been pretty useless generally.

Copper is getting worse and worse. http://www.mining.com/copper-supply-deficit-worse-think/ I know most of these will be pcds however folks should appreciate even more our grades and how profitable we will be in a few months with the ever rising copper prices.

Hopefully we are on the same position it makes sense. IF we are then David needs to decide whether to wait or release. IF we are then I hope David is doing the same thing ie getting financing contracts sorted etc.

Is actually higher than yesterday morning and most of yesterday. I would suggest a buy order lurking for the mms to fill. Watch out for an 8.5 or higher buy later.

The funds are eyeing up Sav. strict criteria will prevent them from buying sav Atm until scoping and figures. Q3 should see the first lithium and battery and commodity traded funds investing in Sav. Can�t wait. Re Oman simply going off alara, news articles and communications. Cheers

No reason at all. Things will happen. :) We are awaiting drilling news imho. 2 x diamond drills, inc in jorc but results not yet full enough from the lab to inc in last update. Along with 4 drills on the same position. All of these are in the scoping study. A rough estimate is a further 5-8 drills where no information had been received by jorc but should be available now. Deep drilling should be informative. There is are also hints of a 3rd separation zone at Grandao but let�s wait and see. Scoping news should be any day. Oman news should be any day. Moz license approval should be forthcoming soon as well (will be nice rabbit). Obviously lots of other potentials but I am happy with this lot in the next week or two.

I strongly believe that David probably has the nod re license just like alara have, unlike alara though he�s waiting for announcement until he can publish the terms of the license as well and the document is fully signed , not just paid for. I won�t make a guess on Sav sp. but I will say that imho lithium will reach 20k a tonne. The supply is still being over predicted and the demand under imho. I would not be surprised to see lithium exceed this. Been out for the day (wanted to see the new solo movie). However I am not sure that the 2x 250 where an isa. I think they were both buys.

David has said he thinks by end of May. The official guidance is still q2. I am sure he thinks the end of May. But it�s an independent 3rd party so if it�s tomorrow then great, if it�s next week then so be it. It will be soon just like Oman will be soon. Tbh I really can�t wait for the scoping as you can then compare to other companies that have hundreds of millions thrown at them.

You�ve probably not got an answer as it varies and can be at any point in the chain. Galaxy have just an license area with jorc for 100m+. Rio entered into a partnership with us (moz) with just a jorc and agreed to a 100% offtake. Normally an offtake won�t happen until the prod figures are at least guesses at ie scoping. An fs is considered abnormal point of entry. But you can get equity partnerships to help pay with that. Does the company just want the lithium end product? Or ownership?

Buys as sells and sells as buys. But in reality only a couple of percent different than most of the buys and sells on Friday afternoon. Very much a stable day, despite traders imho wanting to get out prior news to fix in a profit. Same kind of thing happened in the 7s last week before we rose again.

Completely agree. Despite having world class, strategic, highly profitable resources in our 3 areas of the world. They are all highly unexplored with mass potential. As you say the lithium in Portugal. Despite being the largest in Western Europe, is still only 1-2 of a multiple areas. Mozambique, the Sav license area was dotted with holes , the jorc though was a tiny portion and largely concentrated on a few old river beds. Rios area has plenty of upside as well. Oman , as often discussed we have plenty of places with very promising drill results, including some good standalone gold finds. We are due a drill update in Portugal.

Sneaky little market makers. If it were a sell then the price would have dropped a fair bit more. Imho. Also sells would have been considerably higher than buys so it would have been strange for the sp to have ended up so strongly today Imho given the auction action we saw and the rapid raising of the sp. this was a collected buy with an 8.7 average. Once the order was filled the need for shares and volume declined and the bid softened. The order could indeed have been filled over a few sessions.