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250M is the increase in issued shares, not Slipstream holding. Their holding % has just changed based on number held v shares issued.
Jonners. Re Dyson, you make quite a mistake in your comment on why they're stopped investing in the EV. As per the Dyson announcement, they WILL still be looking at batteries including Solid State, which we know uses more Li (See below). The reason for not doing their our EV, is down to the fact that it's now becoming the Norm for the major car manufacturers that there is less need for a bespoke EV company like Dyson, the big companies have woken up to the EV demand (again more Li needed).
Dyson will continue its £2.5bn investment program into new technology and grow our wonderful new University. We will continue to expand at Malmesbury, Hullavington, Singapore and other global locations. We will also concentrate on the formidable task of manufacturing solid state batteries and other fundamental technologies which we have identified:
4K, you make a valid point about Li coming online 'around the world'.
However a major plus point for SAV is that MdB is here in Europe, removing the supply risk. This carries a premium for the EU and European car producers.
200 miles max!!! The latest Leaf is over 200 already, becoming standard already to get 300+
Attitudes are changing, 12 months ago at my wives work she had the only EV (one car from about 60 cars)....this is now at 4 in 60. So 400% growth in 12 months.. Even at 200% growth rate would take it to 8 in 2020, 16 in 2021 and 32 in 2022. I'm not suggesting 50% will be reached by 2022, but shows that 50% 2026 is probably realistic.
Range anxiety is dropping down the list of negative factors for getting an EV.
The last line;
British motorists remain largely unconvinced by the technology, despite the government’s desire to promote plug-ins at all costs. Sales fell in June for the first time since 2017.
Doesn't give the true picture, as when it comes to Pure EV's sales from May to June rose about 20% . It is these EV's that will drive future demand.
Good maths in my opinion, and also agree with short term view of most SH's. However I hope that a body like EU/EC does have the ability to have long term view in mind.
Seems for about 1/2 Bn Euro (ok not small change for SAV but about 1/3 of one day for the total EU agreed 165 Bn Euro budget for one year ) there could be a mine and refinery feeding enough Li for 30-40% of EU EV market in <5 years.
Wake up EU and see what's on your doorstep.
Plus with EV it’s not all about the overall foot print, though a massive element, there’s also the ‘street level’ impact. Kids are breathing in toxic fumes to the level that’s unsustainable, we’re creating problems that will cost NHS, etc Billions in future.
Action is needed and needed now.
Actually if you’ve done the Math please post so we can all see.
My own opinion is that this is the same 'seller' and probably one of the II's from last year. To me it looks like selling as needing to and not based on negative sentiment.
I agree with CM, there will be many small pieces of good news and not one big item. Also that the MJ report shows that SAV is in a leading position. High Grade, Low Capex, Simple mining, Green friendly production and then the side-products as per RNS this week.
What box does this not tick?
On the recent large sales, I was wondering if this is connected to the Woodford fund problems. Did we ever find out what II's invested last July? Are the recent sales 'forced' and need to be done by someone that has no option but to raise funds at whatever value?
Probably totally wrong but just a thought?
I'm no expert, but there has to be some very good 'Local Social Benefit' to having the add-on.
Given the history of ceramics in the region/country, then this must show that SAV is not just aiming to......Roll up steal all the big stuff and not give xxxx about the local people.
It shows that this can be a win-win for all, it helps support the local economy, the historic industry and the very real demand for more EVs.
To me this is not just a piece of the jigsaw, but one of the corner pieces that helps bring everything into place.
Well said CM...all the money spent to date has been to get the 'Asset' to the position it is in. Oman will just want fees and royalties, be it SAV owning or A N Other.
Just like if you own a piece of land, design houses, spend money applying for planning permission, etc and then just need to Pay the 'council new build Fees' (towards schools, etc). The Fee might only be £5,000 but the land with planning permission for many 4 bed houses is worth much more than £5000, but it's not like the council can but it off you for just £5000. The council will be happy with one-off fee and then once the new is houses built they also receive Council Tax, etc.
Let me join the happy gang.....maybe Oman will be nice to us and only charge us £1m to take it off our hands. Even throw in the £50K admin fee for free.
Must make sure I send them a thank you card.
Are you for real!!! I'm sure no one is saying that for £50K SAV get £5M back, so 10,000% return. For £5M is for the whole asset, the £50K will makes this an asset to be sold for £5M.
You must have been on the forum for about a year now and in that time have you invested a single penny? IF not, why are you still interested in SAV?
Nice RNS....I appreciate that some will claim 'still not there yet', but IMO this is a massive step in the right direction and also shows that the BOD are making progress.
So where comments are made that Oman came to nothing, Moz will be nothing and MdB was looking to be more of the same. This shows that behind the scenes work is still continuing.
Let this be the first of many RNSs in the coming weeks/months.
Are you for real 'Critiques suggest hybrids are the 3yr future'....have you not been looking at the EV sales data for the last few months. Hybrids sales are falling, whilst Pure EV are reporting large YoY increases.
Li is good enough, it's lack of available cars that is the issue and this will change in next 18-24 months.
I'm going with the 'Silver lining' thoughts on this and that the over the last year or so, the SP has followed a trend (no not downwards before someone makes that comment).
When there's no news it goes down, when there's new it goes up. We're in a no news period, so SP is going down.
At least it's not going down on news, that to me would be worse as it means something 'certain' has happened to impact the SP and not just 'nothing happening'.
Just my own take on this.
How many lawsuits? Loads? or the Jaguar one and a Honda one? So two? Doesn't seem many more to what Apple get with most new iPhone releases.
Plus, if another Li miner wants to sign a deal with some non-EU client, that might not be everyone's number one choice. Doesn't this take more Li out of the market? So better for SAV?
You make a good point about 'high risk of up front' payments, however there's always two-sides to a 'Risk'. Is not having an upfront agreement a higher Risk?
Just like some airlines Hedge for buying oil and some don't. Not a one size fits all with Risk.
Thanks Trisse, this just goes to show how undervalued the SP is at present. Assuming I’ve done the Maths right then it would suggest the SP is valuing MdB at about 75% discount (about 4.58p) and Moz at 90% (0.3p).
Crazy IMO
I can't say I'm over happy with over 1bn shares in issue, but why the comments today? This was known to be the case when the purchase of the 25% MdB stake was announced a number of weeks ago.
As for Oman, I take positives that something is happening. If the decision is to move on, at least it's done without anything hanging over the SAV with regards to outstanding payments. Known news, no matter how bad is better to Unknown news IMOA.