Savannah Resources Share Discussion Threads

[fqr714bhp] 14/8/2019 10:15

I am going to call the FSA today and have SAV investigated for irregular share activity.

[greatfull dead] 14/8/2019 09:22

OZ related but applies to the world...

hxxps://smallcaps.com.au/lithium-production-wont-keep-up-longer-term-demand/

GLA,
GD

[jotoha2] 13/8/2019 16:39

This is what happened at BCN , if it goes to 2p then will take a shed load , at least 2 million for sure.

[fqr714bhp] 13/8/2019 14:03

AIM is full of crooks and bandits and manipulators.

[ged5] 13/8/2019 13:46

As I said earlier there's a persistent seller.

500K and 250K dumped so far today.

[greatfull dead] 13/8/2019 13:46

Ged,


Sorting out the rear end processing Mina do Barroso lithium mining is profitable and help towards reducing the overall environmental foot print. What's not to like about feldspar and quartz.

Nice...

ATB,
GD

[jotoha2] 13/8/2019 13:38

Even good old BCN has taken a battering over the last 2 weeks , and they are going places .

[ukgeorge] 13/8/2019 13:34

wtf, is going on. Constant fall even on good news. Those that bought in at 9p must be livid.

[ged5] 13/8/2019 13:33

Doesn't sound like from what DA is saying. More like what you say.

[busraker1] 13/8/2019 13:22

Not that I'm aware of Ged.

The quartz and feldspar only comes available from the tailings of the lithium mining, which can't happen til the lithium mine is operating, if that's what you meant. The lithium tailings go through conditioning, flotation and cleaning to get the saleable quartz and feldspar.

[ged5] 13/8/2019 12:09

In the meantime can we be getting income now under the terms of 7Mt per annum Mining Licence that we have at present?

[busraker1] 13/8/2019 11:08

When share price Angel released their broker note on 24th July recently based on discussions with management it appeared to give clues as to what the future mine economic figures might look like.

It estimated Pre-Tax NPV8 of $716m to $969m based on 11yr or 16yr mine life (only $356m in the 2018 Scoping Study) and IRRs of 90.1% to 95.9% respectively, which would be industry leading percentages. If nothing else it indicated the direction of travel.

The met testing results are interesting and the co-product revenues very helpful. I'm waiting for the results for the quality of the lithium as it is possible to gain a higher price if you can get to 6.2% or 6.3% etc instead of 5.8% or 6% concentrate.

The concentrate also could do with a low iron content around 0.7% or 0.8% max which the share price Angel Broker Note indicates it may well be.

Personally, I'm hoping September will bring some renewed momentum!.

[ged5] 13/8/2019 08:56

$44.9million per annum or £37million per annum when our market cap is £32million is hardly tourist shop territory!

Have you become over cynical? :-))

[highly geared] 13/8/2019 08:49

Well that’s the glass and pottery tourist shop sorted for the Mina Borrosa ‘mine experience ‘ ( read corporate social responsibility!).
Just need finance and a license to build a mine.... when’s the BFS out.. March?... 😐

[ged5] 13/8/2019 08:47

Let's not forget the main event is Lithium for the battery industry. Changes are taking place. This about the Frankfurt Motor Show

"Especially notable this year is a heightened emphasis on new electric cars. As well as the Volkswagen ID 3, we'll also get a look at the Honda E, Porsche Taycan, Peugeot e-2008 and others as manufacturers hit the ground running with plans for universal electrification."

[ged5] 13/8/2019 08:38

Someone desperate to get out. How many more do they have left to offload? This has been going on for some time now. Surely they must be nearing the end?

[ged5] 13/8/2019 08:22

Sorry, the base case IRR was 63% in the scoping study. The upside case was 68%.

[ged5] 13/8/2019 08:16

Quite right. The pre-tax IRR was only 63%. I haven't worked out what it might have gone up to.

[edgein] 13/8/2019 08:11

A healthy boost to the NAV and NPV for sure. Should help the already extremely healthy IRR too.

Regards,
Ed.

[ged5] 13/8/2019 08:02

Nice little sideline?

From the scoping study 276000t/a Feldspar 173000t/a Quartz total income $16.473million

Now $28.32 million/a to $44.9million per annum income.

Surely the market must take note

[fqr714bhp] 13/8/2019 07:53

ALL THEY DO IS TALK, TALK, TALK, IN THIS COMPANY, and the share price reflects that.

What we need is firm contracts and off takes.
=============================================

There is no point at all having 100's millions of £ worth of stuff in the ground, IF NO ONE WANTS IT OR CANT SELL IT.

LOL.

Watch the share price fall even further today, i did say 2p a few weeks ago?????????????

[paleje] 13/8/2019 07:22

Nice read this morning and talks already underway with potential offtakers and jv partners for developing the glass/ceramics industry by-products from Mina.

That being the case can anyone imagine that talks are not also already underway for the main event.

[broncowarrior] 13/8/2019 07:17

Pottery prospects - nice little sideline revenue stream from the lithium.