Member Info for tropicalblast

Reviewing the SAV news from 18 Nov 2014, it details the following regarding Block 4 acquisition;

The key terms of the acquisition agreement are:
* Initial contribution of capital to Al Thuraya LLC of US$400,000 cash following approval of the agreement by the Oman Ministry of Commerce and Industry
* Additional contribution of capital of US$1,600,000 cash within two years to receive 51% shareholding in Al Thuraya
* Additional Contribution of capital of a further US$2,600,000 cash within four years to receive a further 14% shareholding in Al Thuraya, potentially taking its total to 65% (hence a total of US$4,600,000 for 65% shareholding). Should the Company not make the full US$2.6M contribution the Company shall transfer back a pro-rated portion of the 51% shareholding received under Option One, for the amount that was not paid.
* After Savannah has made payments totalling US$4,600,000 (for a 65% shareholding) the other shareholders are required to contribute to expenditure on a pro-rata basis.

Would the Preferential payment of AUD$3,500,000 relate to any of this?

CM - Good luck for Thursday and hope you get some news on the ID soon, if not the Model 3 would make a nice alternative. Enjoy time on the Chameleon. Come the SAV true valuation days, retirement will be even better.

Dedham is great (be even better when TipTree Tea Rooms is re-open) we're at Ardleigh so very near. As for Coggeshall, I never knew it had such a dark past.

SIP - Do love Cornwall, had about 5-6 camping holidays there in last 12 years about 4 miles from Padstow.

Would still be an easy drive in the Leaf, mid-morning coffee stop at Farnborough for 1st charge up, late lunch at Taunton for 2nd charge, make Padstow for dinner. All for under a fiver :-)

Hi CM,
Leaf is going well thanks, 2 years old now and still get people asking 'Does it work like a normal car'. That said, did take me 30 mins to work out how to do the screen wash as had no idea where it was located.
When the lease is up next year I will see what's on offer. I did see the Tesla Model 3 even coming down in monthly costs. There should also be more available (might look at the Audi's)

Have recently moved away from Chelmsford to Colchester area, near the Suffolk border. You don't get many EV's here, lots of Tractors instead.

You still Chelmsford based? On the boat?

Good to see some more positive move on SAV today, slowly creeping up and still so much more to come.

Take Care

TB

Prime minister António Costa has called on the CEO of Partex Oil & Gas to map the strategy for Portugal’s economic recovery.

Mining almost certainly part of Portugal’s future:
News of Costa e Silva’s influence points to a return in earnest to various mining projects.
Before the pandemic, civic movements were pushing the government to scrap mining plans in various parts of the country.

But Costa e Silva – a mining engineer by profession – is adamant that Portugal’s reindustrialisation must “explore the potential of national mineral and energetic resources such as lithium, cobalt, nickel, tantalum, rare earths, and renewable energies like solar, gas and hydrogen”.

The long-term oil man – he started his career working for Angola’s State oil company Sonangol – concedes that renewable energies are the future, but the country’s wealth of mineral resources must play their part.

full article:
https://www.portugalresident.com/partex-ceo-tasked-with-mission-to-resuscitate-economy/

Good luck Muldoon. I always enjoyed your contributions on SAV.

Until recently I would have thought that another share placing seemed off the table, but now think at least one more will happen. Though not pleasing I see this as being something to see Port and Moz through to a deliverable and finally a SP enhancing position.

Remembering that in those heady days of Jun 18, the Market Cap reached £100m on the back of the Scope Study, then I still see no reason why a MC in the region of £250m can’t be reached, though with dilution the SP could still be below the 17p of Jun 18, but still in double digits.

My own opinion is that Portugal Govt will scale back the drive for Li mining big time to please the current anti-mining groups but in concession for 1 or 2 projects going ahead, for which I see MdB being one of them.

The EU will want an independent Li source.

Happy investing and best wishes for the future.

https://www.lusa.pt/article/bfTzynYDxmV9Y062TTca5TMSZM5iuSI1/lithium-exploration-in-portugal-must-have-low-environmental-impact-commissioner

‘Low-Impact’ not ‘No-Impact’.

Not over until the weight challenged person sings :-)

You mean that trend since the start of 2020, that has seen a total of 4 price rises, 3 static and 6 falls in 13
Trading days. With overall SP rise of 17%.

Not exactly one way traffic.

Is it being greedy to see 3p paid by EOD? :- )

3 - 5 years ago the Major car players were still thinking that ICE would still be number one in 2040 and beyond.
NOT having an off-take agreement in place at this stage might be a better position to be in, having a customer in place is one thing, having the RIGHT customer and one that will actually sell the EVs is another. Let's see who will be winning the EV sales war? Will it be VW/BMW/Ford (a late entry)/Tesla (market leader at present)/Renault??

Or does it make the case stronger for more Li, as better battery life will increase the demand (more people wanting to switch to EVs)? Plus slows the flow of Li retrieved from old batteries if fewer reaching end of life.

Sure they want to Mean Business but the news quotes 'Dozens' of protestors so not exactly mass protesting....have seen more protesters wanting to stop a bus only lane in Chelmsford.

For me though it adds to the need to get moving on the studies, reports, etc we're currently working on and in control of .

To show the how local community concerns can hopefully be addressed but in a way still allows for the existing mining license to be enhanced and brings the benefits to all.

Putting the dress code to one side, the single tweet seems to have woken up the buyers.

CM....you was a few mins early :-)

The Tweet is out.

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.