Member Info for tropicalblast

https://diarioatual.com/mina-do-barroso-debatida-em-sessao-de-esclarecimento-em-boticas/

This report on the clarification session must have obviously been a totally different session, or will you say that this is an article paid by SAV to give a positive spin on what happened?

If you're so right on the EIA not being approved due to what APA saw at the recent meeting and the view of the Mayors, then why will any further financing be required?

The DFS will be paid by GALP funding.

Any additional equity issue will be towards the Cap EX, but this will be in addition to long term loans, grants, off take, etc.

Even the recent share issue did cover Long Lead time items required for build, hopefully a few Tesla Cybertruck and Semi's or Rivian Trucks to continue the Green Credentials.

Last one was from 2010.....I appreciate that Environmental concerns and rare species have to be taken into account, but times have moved on since 2010 and items like this are looked at in balance with the wider need to address climate change.

So as long as mitigation steps can be taken, what was an issue in 2010 will be looked at differently in 2021.

Has anyone seen JL381 and the mayor together at the same time??? LOL.

JL381, did you not quote in Nov 2020 that;
"The Portuguese government lithium mining strategy is suspended until a Strategic Environmental Assessment is done. Ani mining project with a DIA, like MDB is also suspended. "

Wasn't this incorrect?

From when you first posted, these incorrect statements the SP actually rose over 100% until the recent share issue. The SP is still about 55% up since you first posted. Based on this, please continue to post away.

LOL

Would like to see all feedback positive and negative published ASAP. Will then be able to see if there's anything that could push the indicated August approval date out.

Between now and 2nd June might be nice to see 2020 Year End and news on Moz.

I thought I recognised the Article, looking back the following was posted by a 'Jonners123' on 20 Oct 2020.

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https://mol.im/a/7592485
Not that I believe everything in the Daily Mail.....
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The Daily Mail Article talks about the same Trevor :-)

Article from Feb 2020. All credit to Trevor in Cornwall and I wish him well on his endeavours. But this isn't going to be technology that will be in the main battery option in EV's whilst MdB is in operation.

You have to scroll to page 9 but details shows SAV will be in the Index following May changes.

https://app2.msci.com/eqb/gimi/stdindex/MSCI_May21_MicroPublicList.pdf

Hopefully lead to some buying from any Index Tracking, performance, etc funds.

Nav.
I agree the impact engaged with is small and unknown, but as ATD point out how many companies are actually available to do this. Even if there are, what costs would be associated with having a Big Player to do the same .

Just as the EIA/APA and public consultation has been saying, local small firms will look to be used as much as possible. I know (or expect) this isn't a local firm, but it does show that SAV will engage with small firms.

You say you have concerns? What that the EIA will not be provided? The need for more funds? MdB will never get into production?

I know and understand there's very mixed views on DA and what money is spent on, it's right that there is different opinions.

However, should the EIA not be given, it won't be for lack of effort. The steps DA/SAV are taking to keep everyone happy and make sure every last possible box is ticked is applaudable.

Should the EIA be given, then I think it set a new benchmark for future submissions, one that SAV will be in a prime position (with the established contacts) to take great advantage of.

Mentions Tesla having concerns on Li shortage and wanting mines multiple times, including how the giga factory Berlin will face Li shortage.

https://www.youtube.com/watch?v=gJdmqrPjOI0

States Li stocks should be rocketing.

I thought J123 Actually sold in Jan at about 4.90, so yes up on current price but not at highest price. Made no comment about dilution at the time. Going back to Dec 2019, actually wanted to buy and was waiting on further dilution to happen.

Maybe now's a time to get back in :-)

From politico.eu on the LusoRecursos decision and reference to SAV now in consultation phase:
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The Portuguese government may have given up on the Montealegre project, but another lithium mining scheme in the region is moving forward, according to the Portuguese environment minister.

Matos Fernandes confirmed that a bid by U.K.-based commodities group Savannah Resources to develop the 680-hectare Barroso mine project near the village of Boticas is now undergoing a public consultation of its environmental impact study.

"Without being able to predict the results" of the study, Matos Fernandes said he applauded the professionalism of the proposal. "There’s a huge difference between this developer and the lax attitude shown by others."
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Many have moaned about the money being spent by SAV (DA) and that it's just a vanity project (Cash cow for DA), but as quoted above there is a Huge difference in what SAV produced for APA/EIA and LusoRecursos. This seems to have been money very well spent.

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.