The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
'when' not 'if' :-)
Really CM...that's cool. I got my Model 3 7 months ago (5 days before lockdown) and had to collect from Bluewater (so spent more on Dartford crossing than on electric that day).
Though Dedham way now I still do drive to Chelmsford to see limited family (whilst maintaining SD as per rules for Essex).
Be good to know that there's one now in Chelmsford should I need to visit Tesla.
I noticed for the fist time the inclusion 'Life-of-Mine' in the offtake topic. I'm not sure I've seen it mentioned like this before. If so, I see this as a positive step as it shows long term planning. Not accepting an OT offer that's maybe just for 3-5 years.
Just transport it with the Tesla 'Semi' Truck/Trailer :-)
CM....did you not say back in March?
"Some of the choices the Portuguese government will have to make are a little more economic in nature I feel? With a GDP of $217 Bn and debt of 122% GDP and tourism (currently at risk) of $33 Bn, the outlook is not good. Go cap in hand to the European bank (join the queue) or exploit resources may not be such a tough choice?"
I think these words were right at the time but mean even more now, given how we all know how much the world has changed in the last 7 months.
Once investment can start the EU will be ploughing BN's into this type of project. Yes local opposition will be rightly taken into account, but as part of a working arrangement and not a binary yes/no decision.
p.s I don't think you've become miserable. Then again, maybe it's just being from same town as you I know we're all like that all the time :-)
I'm with Osaka on this one, the 'News' Article is still on the LSE page and can be access via the Share News Icon. Read to the end of the latest 'generic news' article - It covers many stocks not just SAV/SAVE. It very clearly states;
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
I would think any mistake has been made by the Vendor distributing the news. This is not SAV making an error or SAV trying to claim to own something else.
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.