I'm having trouble with copy/past, but the output of 
ls -ld /mnt/sda1
is 
777 root root 32768 date /mnt/sda1
output of mount|grep sda1 
is 
/dev/sda1 on /mnt/sda1 type vfat (ro,relatime,fmask=0000,dmask=0000,allow_utime=0022,codepage=cp437,icharset-iso8859-1,shortname=mixed,errors=remount-ro)
This is running in a virtualbox instance.
When the system starts, /mnt/sda1 is rw.  I can run tce-setdrive and set to sda1.  /mnt/sda1/tce dir appears and has initial entries.  Right about that point sda1 switches to ro.  When I try to create a /mnt/sda1/opt dir to put .filetool.lst in, it never appears.  Then it looks like the tce dir has vanished.  And I'm back to square 1.
Thanks.