Member Info for tropicalblast

Total shipping carbon emissions in UK are about the same as road transport, so yes a big contributor. Given the challenges of moving ships to alternatives (these would be great for Hydrogen) it makes the case for moving to Li battery cars even stronger.

Good to see UK Govt is adding more pressure onto the Li demand, according to BBC they want to bring forward targets for cutting Carbon emissions by 78% by 2035 now, nearly 15 years earlier than planned.

Transport makes up the largest Carbon emissions now, as recent as 2015 it was still every supply. From transport the largest contributor is road transport. So it's very obvious what sector will need to be making the most carbon emission cuts.

Meaning in the next 14 years will require large number of EVs to be built and sold, containing plenty of EU sourced Li.

Right product at the right time.

I assume it must be similar (but in reverse) to what happen before SAV took full ownership for MdB, when 25% was still owned by Slipstream.

GALP will get 10% of the MdB holding, not 10% of SAV. Meaning MdB will no longer be a 'Wholly owned subsidiary'. The MdB holding company would issue the 10%, in return for the $6.2M The $6.2M will have to be used just for MdB work and can't be used by SAV on Moz, Day to Day SAV costs, etc.

That how I see it, but then again could be totally wrong.

I don't think it's a hint of what's to come (for now) more reminding everyone that Li projects are big news. That yet again there is a need to create a major Li End to End supply chain within the EU, otherwise EU will be left at the mercy of Global non-EU Li companies.

Once individual parts of the End to End chain are established, maybe consolidation into single End to End entity would be on the cards.

Makes for a nice weekend, at least it does show some desire in Port Govt to progress this.

Reading the RNS in full there's many items mentioned about addressing locals concerns and having a 'Green' mine. Could be a template for future mines in the country.

Totally agree, at least once all local/central government approval is achieved SAV will be in more control on timelines. Just look at how quickly the resource updates and scope study was done when we controlled them.

Was it not known earlier this year that a second request for additional info was also made, the very comprehensive Reddit page created late March states the following;

In May 2020, Savannah submitted highly comprehensive Environmental Impact Assessment (EIA) and Mine Plan reports on the proposed development to Agência Portuguesa do Ambiente, (APA), the Portuguese environmental regulator. APA has since made two requests for further information, Savannah is currently preparing the second supplementary response, and remains confident that the “Declaration of Environmental Impact” will be awarded by APA later in 2021.
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Not sure what this means to timetable and would be nice to get an official update.

Good old EU mixed messages.

Video produced by ARTE who are part funded by EU via Creative Media Europe,.

Whilst at same time you have the EBA and EIT who are also both EU funded wanting to build EU Batteries with raw materials coming from inside EU.

So EU wants to say No to mining, but yes to mining???

Was happy for there to be no RNS today, as had funds come in today so was able to get another top up with another 100,000+ shares.

I was wondering what the latest thoughts are on actual Resource available, we know that the June 2018 Scope Study gave a resource of c.14.4Mt @ 1.07% Li2O and that since it's openly been increased to 27mt. So already room to improve on the June 2018 SS numbers.

I think that this increase to 27mt, only included a small amount (about 3.5mt for Block A) from the later acquisition of Blocks A,B,C. So still much more room for numbers to increase above 27mt.

Do we think we could be at 3-4 times the June 2018 SS? Maybe 45-60mt? I wonder what has been mentioned in the EIA/APA?

If this was the case, imagine what it could do to the NPV.

The Fully Charge videos are great and this one really does address many of the myths about mining for EVs being no better to burning oil.

https://www.youtube.com/watch?v=mk-LnUYEXuM

Totally agree.....I think SAV is only weeks away from big news that will give a detailed road map to production.

+ Moz Spin-off/Sale come DFS

Thanks CM

Looking at LSE Media page, seems like previous Web events have had the video uploaded with a day so looking forward to seeing this.

Sounds like some very good questions were asked and positive responses received.

CM/All.....was unable to attend (proper work got in the way) do we know if a video will be posted? Ta

You make a good point about the last time we SP rose quickly (May/June 2018) was due to mainstream media coverage.

One of the topics that helped the SP was about moving from AIM to Main Market, do we think that with the GALP news that makes that a possibility now? When (not if) the other boxes (EIA, DFS, etc) boxes are ticked, will a main listing be the way forward?

The GALP deal reminds me of Dragons Den in some aspects. DA has pitched to the Dragon a good idea that will work without support, but has convinced a Dragon take only a minority stake (not given up 30/40/50%) just 10%.

Plus agreed for the Dragon to take 1/2 the product (leaving capacity to sell to others) but also has got the Dragon and their contacts to be a major supporter for making sure the product gets developed, including regulatory approval.

Evan Davies would have this as one of those suspense hanging deals to end the show/series with :-)

Thanks O

Ignoring the other Energy companies and asset managers, what about;
Parpública - Participações Públicas
Number of voting rights: 62,021,340
% of voting rights: 7.48%
Parpública is a vehicle for the Portuguese state’s equity holdings in a number of companies.

So Port State now has an interest in SAV. What's not to like about this. Happy Days.

Two items from me.
1) This investment is only in the MdB Subsidiary, not SAV as a whole which means any Moz gain is not being shared with GALP.
2) I would have thought having GALP assist with Cap Ex funding, we should be able to leverage of their size to get the funding required at a decent price.

A massive day for SAV LTH in my opinion.

CM are you suggesting Essex is full of middle age men giving up the BMW 3 series (often convertibles) for the Tesla Model 3 instead :-)

If so, guilty as charged in my case.