Savannah Resources Share Discussion Threads

[fqr714bhp] 11/5/2019 13:39

Where are these results?? now a month late??

LOL.

[ged5] 09/5/2019 10:35

Yes, it was on Monday.

I note there have been a few tweets recently. Some appear as though they are trying to gain the attention of the Mozambique licencing authority and the others highlighting the need for EVs and lithium.

I'm not really expecting too much before the end of June but is my memory deceiving me or do we usually get a series of tweets just before some news?

[inbrackets] 07/5/2019 10:35

Was it not yesterday?

[ged5] 07/5/2019 09:11

#SAV presenting Mina do Barroso #Lithium to @benchmarkmin World Tour today in New York City. Live via Bloomberg terminals.

A couple of tweets from SAV yesterday.

[ged5] 02/5/2019 13:47

As the insatiable demand for energy coupled with ever our increasing need for mobility continues at a furious pace, so too grows the demand for lithium compounds. Demand from the lithium battery market from all applications including mobile devices like mobile phones and tablets, e-bikes, hybrid and electric vehicles and large scale energy storage is growing at an astounding rate. Deutsche Bank believes we are at the dawn of a new automotive era with “unprecedented technological and regulatory change” set to come in the next 5 years.”

Many analysts acknowledge that batteries use will drive lithium demand in the future. It has been predicted that overall, lithium demand will more than double from present levels through 2025. Currently there is insufficient supply due to fewer than expected producers of lithium. The general conclusion is that lithium prices will rise, particularly, battery grade lithium carbonate and lithium hydroxide should see strong price increases.

Tesla Motors, LG Chem, Boston Power BYD and Foxconn are building battery supper-plants that will come on-stream in the next one to two years. The new supply could revolutionise how we source and use energy, creating a once-in-a-century disruptive event. Last year, the world produced 35GWh worth of battery cells. Total new capacity of 87 GWh should require an additional 70,000t to 100,000t of LCE [lithium carbonate equivalent] by 2021, this supply currently does not exist and requires new producers to come on stream.

Up until very recently lithium carbonate has been the focus of many producers for battery applications. This is because existing battery designs called for cathodes using this raw material. This is about to change. Supply of lithium hydroxide, which is also a key battery cathode raw material, is far less than lithium carbonate at present. It is a more niche product than lithium carbonate, but is also used by major battery producers that are competing with the industrial lubricant industry for the same raw material. Lithium hydroxide is subsequently expected to be in an even shorter supply situation to its carbonate counterpart.

[ged5] 02/5/2019 12:49

Is there a live thread for BCN?

[ged5] 02/5/2019 10:33

I've not been following BCN recently.

It looks like they have a much larger resource but are obtaining lithium carbonate from granite rock. There seems to be a change of emphasis to lithium hydroxide for the battery makers.

I see they have a feasibility study due to be reported this quarter and an option to acquire the other 50% of the project.

Interesting quarter then since SAV should also have their feasibility study completed.

[ged5] 02/5/2019 10:12

There still seems to be a lot of scepticism about EVs and lithium but as your link suggests things could be about to hot up.

May is now upon us and the Portugal auctions are about to to take place. It will be interesting to see who takes part and if there'll be any significance for SAV.

Totally agree that things could change very quickly for SAV.

[paleje] 02/5/2019 09:44

Hmm.

There are signs of the lithium market starting to wake up, companies in talks, others eyeing potential targets.



Demand for hydroxide set to outpace demand for carbonate. Bacanora are presenting simultaneously in UK and Germany today as they have a large German resource expecting a valuation in weeks. German activity within the EV space hotting up. I also read an article by Jim Mellon a few days ago somewhat bearish on global outlook in fact predicting troubles ahead maybe late summer.....except for one area, EV, and with that in mind rating lithium as a strong bet...likening it to picks and shovels.

SAV seems to be in a flat spot all round but that can change very quickly, just a bit boring for now.

[ged5] 02/5/2019 09:20

Tweet from SAV 2 days ago:

Major achievement - #SAV clocks 30,000m of drilling in <21 months at Mina do Barroso - expanding the mineralised envelope and lifting resource categories - Europe's most strategic conventional #Lithium project - helping transformation of Euro transport to low carbon #EV s.

Followed by 3 tweets this morning. The last one highlighting the need for EVs. As if we didn't know already!

[ged5] 30/4/2019 09:27

Only just noticed the tweets about a second cyclone hitting Mozambique. In the north of the country well away from Mutamba but gratified to see a company I'm invested in showing its humanitarian side.

[greatfull dead] 26/4/2019 16:56

That cuckoo few over the nest.

GLA,
GD

[inbrackets] 26/4/2019 09:28

Lots of ticks and lots of tocks. About time we saw the cuckoo.

[edgein] 26/4/2019 09:17

Ged,

Interesting article as lith carbonate facilities don't come cheap. It'll take a big money group to apply for these new licences. PREM were looking at one stage to get the Chinese to build a lith carbonate plant at something like $100-140m. SAV are at the top of the queue considering the amount of drilling they've done and continue to do. A new lith processing plant in Portugal would significantly reduce the cost of shipping the concentrate to the offtakers. The processed lith could be sold directly into Europe too. There's bound to be some big money businesses that would see this as a sensible option (car and battery manufacturers as the obvious example). With SAV's growing and upgraded reserves there's years worth of lith concentrate supply sitting ready to be developed. Good to see the EU and Portugal seeing the significance of this asset, well done DA.

Regards,
Ed.

[greatfull dead] 26/4/2019 08:15

TICK, TOCK...

GLA,
GD

[ged5] 25/4/2019 15:22

Perhaps you've all read this excellent article tweeted by SAV this morning.

Portugal looks like the place to be for lithium production over the coming years. SAV still expecting this year for a production start according to DA. Well that would be nice David, but is that just you being overly optimistic again? Perhaps those selling at 5.7 just don't believe you any more! Holding on to mine. I think you might just get lucky this time.

[paleje] 25/4/2019 09:47

Musk contemplating a battery factory in Germany, thanks to Newboy58 for link.

[edgein] 25/4/2019 08:10

FQR,

I doubt it. So far they're getting constantly good shallow grades from Portugal and Oman apparently drilling potentially new copper resources and MOZ getting closer to the DFS. Large cash balance, so cannot see where the bad news would come from here unless they unexpectedly get turned down on the Oman ML, but then they got passed from all of the ministries, so can't see that either. Perhaps DA is waiting for more assays from Oman or Portugal before putting out the finals. As you suggest SAV normally do report in April.

Regards,
Ed.

[fqr714bhp] 25/4/2019 08:04

Maybe Not!!!!

Last year it was 13th April. They are very late this year.

Lets hope there is nothing bad to report???

[fqr714bhp] 23/4/2019 12:22

Tree shake attempt to get people to sell???

RNS out tomorrow.

IMHO.

[1kiwi] 23/4/2019 08:58

Morning All,

300K Buy order on the bid for the intraday auction and no takers, well so far anyway! ;) I think we will see true value here soon enough.

[ged5] 18/4/2019 14:46

Continuing to work with the community.

Perhaps a 2 day holiday is needed!

[ged5] 18/4/2019 11:39

GD,

Easy having theories. The hard part is being correct!

The buying continues so far. Edging ever closer!