Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
It was weird that Costa gave up so easily even though it was mistaken identity and another Costa that was actually implicated. Why did he go so readily if he knew he'd done nothing wrong ? All very strange and doubt that the truth will ever be known. Even though this debacle and the local opposition seem to have subsided given the lack of anything happening at the recent weekend rally, SAV still not recovered ok to 5p region seen before all the nonsense began. Need the positive newsflow to get going.
Telegraph article quotes some grim EV sales figures in EU for 1st qtr 2024. Hopefully SAV hook up with the right partners for spodumene supply if EV adoption is struggling, although surely even lower EV sales would still easily gobble up SAV's supply in EU market.
Tropical - I think it is obvious after all these years now that the locals will NEVER agree so SAV have no option but to engage their legal powers to "remove the obstacles", so should just get on with it now, as that might spur the courts into getting on with their bit too regarding the "baseless" challenges.
So it sounds like yet another legal case is bring lodged? Getting ridiculous now as none being thrown out or won/lost but they're stacking up so surely there must be overlap and courts need to amalgamate them all anx get on with deciding once and for all WTF the legal outcome is. I know SAV are pushing on well in the meantime but it makes me nervous that the rug could be pulled from under our feet at some future date. And will SAV ever use their legal power to just force the stubborn locals out as surely they need to soon as time is ticking on. Once they start doing that maybe the others will take cash and disappear.
Tropicalblast - I'm not a close follower of Portuguese politics but I do recall that the opposition were against the mining of lithium when previous election occurred so it was good for SAV that Costa won then, so I guess we still need his party to win again (Socialists) to continue the support and avoid further headwinds.
I agree with the content of this latest RNS issued just now but, regardless of the validity of the DIA process that was followed, if does seem that the legal challenges SAV are facing may be capable of scuppering things to some extent at least, whereas originally I thought they were weak challenges and would be swatted aside quickly, but it seems not and they threaten to drag on for a long while yet. Whilst SAV can currently carry on their work regardless I do worry that at some point the buffers may be hit by legalities and that risk is clearly preventing the sp from performing well. Any potential partners are surely going to need some solid legal assurances regarding their investment so that could take time, which SAV do not really have. All very frustrating but I guess all we can do is bail or sit tight and pray that SAV will be producing in 2026 but legal challenges will either be finished or still dragging on unable to stop SAV progressing to production and profitability.