Member Info for tropicalblast

I don't think anyone is saying a bidder would pay 30p a share now. More that when some more news comes, that if the SP did go towards the 17p+ range, then a 30p bid could be realistic.

As for the RNS today, I read it as the company will be doing work now on the water preparation, rather than before construction when originally planned. My take on this is that it's nothing new or unexpected to be done, just doing it now to further enhance the RECAPE submission and hopefully get it issued 1st time without delays (we all remember how APA took a long time before, and then asked for a re-submission or similar).

Shown again that news and small liquidity will move the price upwards. Can only imagine how much SP would move with the DFS which should show an enhanced NAV, what with Li Price movement and the increase in resource.

Given the price movement and closing spread on such small volume, the liquidity must be as tight as a certain part of a ducks body.

With the SP having gone up nicely in the last few weeks, I noticed that SAV would now make it into the FTSE AIM 100. The next review is late may/early June. Obviously not a major event, or something that will move the SP much (unless there is a lot of FTSE AIM 100 Tracker funds that will need to buy, but not sure there is that many, if any) but still good that the MCap has got to a size where it makes the company look like one of the larger AIM companies, so from a perception point of view it could help.

As you say 2.5BN in issue, but price is moving slowly up on low volume compared to shares in issue. I believe this is because there is a very tight holding in the shares by many PI's. Which accounts for about 40% of the shares in issue (or 1bn). Shares held by BOD, Interest parties (AMG/Oman), Portugal Investment Fund, etc. will not be selling.

Back in 2018 there was just under 1bn shares in issue. With a large percentage held by PI's, I wouldn't be surprised if many from then (me included) are still holders now and are not looking to sell any time soon. So how many of this 1bn shares available in 2018 and held by PIs, are still held by the same PI's?

So the overall 'freely available' shares I imagine is very small compared to the overall shares in issue. The price moving just 1-2% over a few days on very low volume would seem to back this up.

Highest closing price since about Late-April 2019.....a short 7 years ago.

Be good to start seeing an attack on 6p or even 6.5p before more announcements (DFS, etc). If SP could be 6.5P pre DFS, and the DFS added 20%. That would be getting into the high 7P's nearly 8Ps.

That would make for a nice set-up for summer and rest of 2026.

At those prices happy to get into a bidding war, I'll accept £5.25 (5 pounds 25 pence) per share

Not sure if it's news leak or if it's just general understanding that SAV is seriously undervalued, yes still risks but these are being reduced and there's much upside to come to the share price as more milestones are crossed.

I don't disagree about failure to deliver on all projects, I do think you're being unfair a few fronts. First starting BLP along with Dale was a great decision, even if not all his idea, etc. He certainly knew this was going to be the 'one' for SAV and got the ball rolling and SAV in a position to give all focus to BLP. He's downfall was probably not anticipating the long draw out approval process.

Then to say he was drawing a FTSE100 CEO Salary is far from correct. I believe in 2021 (his last full year) he got remunerated about £500-600K (ok not peanuts) but 10%-15% of a FTSE100 CEO and about 20-25% of a FTSE250. So I don't agree with your point on this.

Most importantly, I wish he could have survived life post-SAV longer even if he just got more time to spend with family and friends whilst not having to work and deal with life as a CEO.

I don't disagree, though maybe where SAV benefits from about a 38% PI holding versus AIM average of 25%. The 75% threshold makes it easier to do things, so we just need to keep the PI holding over 25% for as long as possible.

Meanwhile anyone found the missing Portugal Government or officials looking to get this project progressing.

Bon weekend all.

Not sure it's that simple, the percentages required to achieve significant control are as follows;

>50% (Majority): Allows for control over ordinary decisions, such as appointing directors and approving dividends.

>75% (Special Resolution): Necessary for major constitutional changes or special resolutions in many jurisdictions.

90%-95% (Squeeze-out): Many jurisdictions, including the UK, allow the majority owner to force out remaining shareholders and finalize the going-private process once this threshold is reached.

Given how many shares are still in the small investors hands, they could find it hard to take private. Could look at a board recommended 'takeover' to a Private Company at a knock down price, but then there's going to be questions asked if this Private company happened to be made up of the existing big shareholders. There are Duty of Care and equal treatment rules that apply.

Yes the project does have many doubters and objectors, but it also has strong multi-national support. As I've said before, EU needs to have a direct source of Li to be able to maintain it's own Car industry. This project is the only realistic opportunity for that at present.

Also I'm really not sure how much SAV benefit from the CRMA, it's not going to help speed up the project as most of the benefit CRMA brings in that aspect is already done. The recent finance doesn't appear to be linked to CRMA either.

Will wait and watch what the SP does, but a statement on 2nd easement could come at a handy time if it was this week.

Wow what a current world we live in.....what is the saying about keep friends close but enemies closer? Problem with that statement is know which is which these days.

What the current Geo-Political situation highlights is that when it comes to where EV's will be built and purchased from, there will be a growing preference for EU makers to step up the EV's offered and get prices to a place where more people can afford them. One of the biggest items to support this will be the Raw Material supply, with Lithium being a key item here.

This shows that getting Li out the ground and into production needs to happen asap. So on this note, we need Portugal Government to get the 2nd easement going in next days/week. With all the other elements (bypass road, etc) being progressed at speed (though within all rules to avoid any more legal challenges)

PR Article on Portugal Government Grant, I just wish the journalist would be clearer on their views on the mine, I struggle to see how they feel about this :-)

https://www.portugalresident.com/government-gives-lithium-mining-company-e110-million-grant-for-barroso-mining/

I agree that SAV is a speculative stock.....that is probably the most known fact about this stock. The speculation being will they be able to get the BLP mine into production. You don't buy this stock thinking it's an established mining company or that it's even at the point of ready to have shovels in the ground.

I see no point looking at the 'Solid Financials'...as it's not like you can look at Sales versus Costs to see if they have a solid model. The reason is because put simply the is nothing 'Solid' about this, the company needs money to get through the mine development phase, longer this takes the more money it needs.

Investing in this stock is 100% based on your own perception of risk versus possible reward. So as you say. ....You pays your money,you rake your chance

UP40.....you do know that in 2011 the company was still known as a former name and was looking at developments in Mozambique and Oman. Lithium was not even on the Radar. This came about in about 2016/17. You do also know that they don't actually sell anything at present and company that is looking to develop a Lithium Mine. You must have known this when first investing 10 years ago.

Yes the company has been 'Listed' for many many years, but they haven't to date actually got a mine through to product selling stage. This was always a risk when investing in a mining development company. For every 1 success there's 10's/100's that don't get even close to final stage.

So when it comes to be 'established' as you this is still not an 'established' company in the same sense as the likes of Rio, Rolls Royce, etc. This is the point I'm making.

I agree that the softly/softly approach isn't always good and that we shouldn't be so concerned about upsetting a few people. This is an area I do believe the BOD should be taking feedback on and showing the ability to listen to investor concerns.

Back onto the point about getting to actual mining, I believe BLP/SAV is one of very few possible Li mines in Europe that could help Europe become less dependant on outside Li. So for this reason I will stay invested as I see it as a risk worth taking.

Oh and lastly, if you have been invested in this share for 10 years. Then assuming you pushed in 2015 (and not the high in 2014) at a price of about 5p. You would have had a chance to sell between May and July 2018 for 10p or even 17p on the famous Scope Study release date in June 2018.

I think comparing to long established companies such as RR is missing a key point on where SAV is in the development chain. When an established company like RR is not doing well, then it makes total sense for the Market to have no confidence and there need to be a change Top Down. This is because you're looking at so much more of what the company is doing right and wrong. For example selling wrong products, targeting wrong client, not embracing new ideas, etc.

But for a company like SAV, where it's still in pre-development phase most of the Market won't even know SAV exists. Once SAV gets to the point of actually having a 'Product' to sell, that's when you look at if the right people are doing the job to maintain momentum for sales, growth, etc.

For now, we need to be getting the T's crossed and I's dotted. I'm just as frustrated with continued delays as most LTH on here. I do think the BOD could be doing more, especially when it comes to giving updates.

For example, tell us exactly what is happening on land access rights. Give as much information they can even if that includes naming specific organisations or plots of land. What the status is on each one. Where they say about the application for road being progressed, make sure they send out links to any Portugal Government websites that show these applications, etc.

Could they even start to publish weekly status reports, on what has been achieved or slipped? If slipped what is impact and what mitigation is being done to address this.

I still see this as a hidden gem of a share, as when this does come through into production. It could be at a time Li prices are reaching a new high. This could suddenly become a well known share to own.

Because the LSE website uses a very basic way of reporting buys/sells. If < mid price then sell if > mid price then buy. For anything close to mid price don't rely on LSE website for trade type.

I do always love how there never an attempt to hide what side of the argument Portugal Resident reporter ND stands on the subject, with such statements as;

"Before we go into any of the arguments presented by communities, environmentalists, engineers and scientists for not ploughing up vast swathes of heritage landscape for a so-called “critical mineral” that is found in far larger quantities in other parts of the world"

But by making this statement, they actually make the best point for progressing in Portugal as it states "found in far larger quantities in other parts of the world"....well isn't it key that Europe becomes self sufficient for minerals so avoid what has become a very geopolitical world and one where resources are used for the wrong reasons. Europe needs European Li, not from other parts of the world.

D171.......if you wanted out at 4.28, then you probably could have got very close to that in the last week. But if/when the SP does get back to 4.28, please do post your news here and I'm sure everyone will wish you best wishes with your alternatives investment.

Just to point out though these are municipal elections, so similar to UK council elections, so this will not be a change of Government as you stated could happen. There will be nothing in the results of these elections that will change the national need for BLP.

I don't like the delays, but I still believe BLP will come on-line at some point in the next 5-10 years. Yes a long time scale, but when it does I believe it will be a massive.

BLP will be the largest single source of Open Pit Spod Li in Europe!

Unless there's a total 180 in the way world politics is going, then Europe will need European Li for European EVs/Battery storage. In 5 years time it could be that no European car company can get hold of batteries for EV's.

Despite what people say EV's are required and popular, look at today's SMMT numbers.

To me this makes it a binary decision, if you do believe BLP will come on line at some point and happy to wait however long (regardless of the up's and many down's) then stay.

If you don't believe BLP will ever come on line or will only in a timeframe you don't like, then leave.

I wish all well.