The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Most of us are here and have taken a bigger chunk of the company. Most of the qualitative dialogue (pros and cons) is taking place on twitter nowadays since this board unfortunately is a bit spoilt by trolls.
Regarding Lithium, your post shows clearly you haven't got a clue what you're talking about. This silent period is ofc frustrating in every way possible but things are moving on behind the scenes. This game clearly teaches you patience, that's for sure.
As this program was coming to an end, it was time for a new one anyway. What’s the issue. Nil rewards for the last one and now a new better one that doesn’t do anyone any good under 10p. There should always be LTIPs running. And it was time for a new one. New employees etc...
What today means is more near surface higher grade material which adds mine life which is important. Longer life projects are more highly valued. I can fully understand that the push back in DFS is feels somewhat frustrating but one has to take a step back and look what is emerging here. Economics will be even more robust and project better for the big partners. This is a great spodumene project, easily the best in Europe and better than some of the Aussies.. for every meter we drill we seem to get even better results. I also want to get rich yesterday, but this news today gives me even more confidence that it will be great and at a lower risk.
Also, the LTIP - it sucks tbh.. not seeing it very enticing as dates mostly depends on things outside direct control... also a risk that it dims decision making ie, doing any offtake rather than the best one. Keep it simple and SH friendly. We want and need a significant rise in the SP. Thats all we really care about at the end of the day.
partner... highly relevant and significant!
https://biznespolska.pl/eu-approves-e36-million-grant-to-support-lg-chems-ev-batteries-plant/
small changes for Portugal. Increased capex and lowered opex a bit acc to scope, took a bearish view on Spod prices and added a year... it actually increased NPV by 1p (pre tax etc)
https://docs.google.com/spreadsheets/d/1y_KhajphFmSb_ZjVJMFrIGfBk99TsW6UULgK-xk2sRE/edit?usp=sharing
Interesting finding here. This is based on 685 usd spodumene price and half of real income byproducts (as we saw in recent RNS) and 80 % recovery. So opex should be 10-15 % lower 210-280 minus extra 30 income byproduct) and recovery (almost as strong influence as spod price) at 85 % (recent RNS) is 6 % higher. That increases NPV significantly and gives us even more cushion for a pullback on spodumene pricing (that already is conservative given quality). See link for picture or see scoping study. pic.twitter.com/kU9c7dIXJE
Almost nothing available to buy.. clearly buyers have mopped up a lot and bid very strong. The SAV story is being widely spread and better understood by the day. Li sector got hit yesterday by Nemaska news but I see that actually as a positive for SAV.
- Shows that smaller capex project are easier/less risky
- large capex projects are like leverage, issues get very expensive fast
- reasons for issues in ramp up (from everyone) and the solutions become available for new entrants, industry learning as a whole. The consultants used will not make the same mistakes etc...
-Slower supply ramp up so prices stay higher..
Negative for everyone obviously as it makes lithium investors wary of putting more money in lithium stocks.
Net positive for us in my opinion. We are a low capex, low opex high margin producer entering market in 1-2 years.
I think we will bid for it again when the tender is on and who better to get it with an operation already. And if it’s a major taking it, so be it. Can’t be bad. And with mdb, we have 15-20y of high volume production already.
https://icebergshares.blogspot.com/2019/02/savannah-resources-review-of-2018.html