Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
3p would suggest that as recently as Friday 16th the SP was 76% overvalued for what you consider a fair risk/reward ratio. Nothing on the MdB/MOZ projects as changed since then and both are looking to achieve major milestones in the coming months. The defined timetable for MdB consultation does mean on approval stage, we're on the home stretch.
One risk that has been removed is any short term cash issues, the raised cash/GALP input (subject to DD) will see SAV through
Though the raising upset many LTHs (me included) the main upset was the large discount and was shown to be accepted as heavily discounted by the speed it was oversubscribed. Suggesting 4p was deemed to be a decent price to buy at for risk/reward.
This said, everyone has to make their own investment decisions, and what might seem a worthy risk for one is not for another. If/when you do get into SAV, welcome and happy investing.
The period of consultation will extend over a period of 40 days and close on Wednesday, 2 June 2021.
Though this video is talking about US it highlights the same issues facing the EU and what SAV has to offer and be a major part of.
https://www.youtube.com/watch?v=xlGx8GAtTh8
It's not like nothing happened in 2020 that would have created a difficult situation and impacted the plans.
Sept 2019 Place @ 2p four months later in Jan 2020 Price = 2.85p - 42% Mark up
Sept 2020 Place @1.8p four months later in Jan 2021 Price = 4.55 - 152% mark up
Based 4p price today, at 42% could take SP back to 5.7p - 152% = 10p
Well said ATD.
In my opinion the EIA being accepted on Friday has given rise to the need to move forward on a number of items, that will cost money. The money being spent now will deliver multiple in returns.
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.