Savannah Resources Share Discussion Threads

[fqr714bhp] 14/11/2019 08:26

Great result here and some great news for the future survival of SAV

Looks like they have some great Lithium to produce and sell.

Roll on the OFF TAKE news?
Roll on the partnerships?
Roll on first sales of Lithium.

And above all ROLL ON THE DFS IN 2Q 2020.

[highly geared] 14/11/2019 08:26

GED, I think investor fatigue and the share price mean most have given up the ghost. Mine are bottom drawer now , being 75% underwater. The last placing did it for me...
I look in now and again. If I ever get back to somewhere near break even, I’ll be happy and out.

[ged5] 14/11/2019 08:15

I take it from the lack of posts that everybody has given up looking out for RNS announcements. Yes there was a RNS this morning.

The long awaited metallurgical results have arrived. On first reading I must admit I was slightly disappointed with the recovery rates. Compared to the January initial results these are not too far off but just seem to be slightly lower.

My reading is that we have viable deposits for a profitable mine with some good grades.

Ed, if you are still about and Busraker you both seem to have a good understanding of the grades. Your thoughts please.

[busraker1] 12/11/2019 15:34

I've added 60% more at 2.39p. When you look at many other lithium mining plays and the LIT ETF there appears to be a bottom forming and some, like Jiangxi Ganfeng, are up 75% from their lows. Many expect the lithium price to bottom out during 2020, either early or late in the year. But, I suspect many stocks will rise up to 6 months in advance of that and I'm thinking (hoping) that's what is starting to happen now. SAV won't be one of the first to rise as it is a smaller player, but I don't want to wait any longer.

I think MdB will get financed, constructed and mined, but I still need final confirmation of met test results to be entirely comfortable as to the quality of product that will be produced for sale.

Having a European hydroxide plant operating in 2023 is very positive also as it removes the transport cost element out of the mining costs, nevermind any share SAV may perhaps be able to take in its ownership and profits.

I'm thinking it's worth the risk from here.

ALL IMHO

[greatfull dead] 12/11/2019 14:51

They scuppered the fun.

GLA,
GD

[fqr714bhp] 12/11/2019 14:41

Two nice BIG sells today???

[greatfull dead] 12/11/2019 14:07

Now that would be nice Sandy...

ATB,
GD

[sandy12345] 12/11/2019 13:06

I see revisiting the 3p area very soon imho!

[broncowarrior] 12/11/2019 12:48

guitarsolo, have held this right from the beginning and used to have a very healthy average. Will continue to hold, but pretty disappointed with how this has all gone.

[greatfull dead] 12/11/2019 11:26

I feel the winds picking up a little...

GLA,
GD

[guitarsolo] 12/11/2019 09:16

Hi Bronco,
There's no way that SAV are going to release any price sensitive info (particularly positive) for at least 6 months after the 2p placing. It would smack of a stitch-up wouldn't it ;)
As you say, the 2p placing killed the news flow.
My hope is that they are still building up the resource, planning the most efficient way to mine it and working on off-take agreement(s) with major players like VW. The capex for MdB is pretty low (just over $100m I recall) so it's not huge and let's not forget, we simply have to move to EVs and quickly and that means Lithium ion.
I don't like seeing the share price down here but if the work is going on in the background then I'll keep the faith.
Guitarsolo

[guitarsolo] 12/11/2019 09:12

Hi Bronco,
There's no way that SAV are going to release any price sensitive info (particularly positive) for at least 6 months after the 2p placing. It would smack of a stitch-up wouldn't it ;)
As you say, the 2p placing killed the news flow.
My hope is that they are still building up the resource, planning the most efficient way to mine it and working on off-take agreement(s) with major players like VW. The capex for MdB is pretty low (just over $100m I recall) so it's not huge and let's not forget, we simply have to move to EVs and quickly and that means Lithium ion.
I don't like seeing the share price down here but if the work is going on in the background then I'll keep the faith.
Guitarsolo

[greatfull dead] 12/11/2019 08:00

inbrackets,

Nice one. Every little bit of info helps.

ATB,
GD

[broncowarrior] 12/11/2019 07:49

Not even an irrelevant announcement about pottery prices since the placing. Investor relations and news flow died with the 2p placing.

[paleje] 11/11/2019 19:05

So Galamba's trip is to see for himself what has generated the great local community opposition, presumably. Let’s hope he’s seen it all before and keeps a level perspective.

[ged5] 11/11/2019 18:42

Show off! :-)) I'm impressed!

The Secretary of State Deputy state and Energy will meet with the leaders of the concessionaire company. João Galamba, Assistant Secretary of State and Energy, will visit next Monday, November 11, the prospectsite planned to explore lithium in Boticas and Covas de Barroso, by the concessionaire, the British company Savannah.

According to an agenda note, João Galamba will visit next Monday the mines of Boticas and Covas de Barroso, where research and prospecting work takes place in charge of the company Savannah.A meeting between the Secretary of State in the House is planned Boticas Municipal, followed by a departure for Covas deBarroso.

The program also provides for a brief meeting with Savannah officials and a visit to the Covas do Barroso information center.

João Galamba's trip is expected to conclude with a visit to the prospecting site in alto de Alijó. The bet on lithium mines has generated great opposition from local communities and environmental organizations.

The latest information released points to the environmental impact study of this mine being completed by the end of this year, and it is reviewed that, in the exploration phase, about 25 ore trucks per day can be withdrawn from the site.

[inbrackets] 11/11/2019 18:31

https://jornaleconomico.sapo.pt/noticias/litio-joao-galamba-vai-visitar-local-de-prospecao-da-savsannah-em-boticas-511541No private source. Public info.

[paleje] 11/11/2019 16:29

GD - yes still holding but not as many since early in the year.

Loads of projects are on hold across the sector, ridiculous in some cases or so you'd think but money makes it all go round and at the moment with the global unease, financiers can pick and choose and when they do pick they want their pound of flesh and more.

The last raise told the story plainly enough....people just wouldn't pay more. A wealthy partner/jv/offtake arrangement/offer would make a huge difference immediately and that's what I'm hoping for.

[busraker1] 11/11/2019 14:31

I see Volkswagen is on the Advisory Board of the new CERA Certification for which SAV's Lithium mine has been chosen as the pilot mining project for evaluation of the new standards.

[ged5] 11/11/2019 14:14

Thanks all. I've not seen that mentioned anywhere, IB. Private source?

[inbrackets] 11/11/2019 13:29

With Keliber effectively deferred, RT / Serbia deferred, EMH scratting around for deep mining finance with low IRR, and Bacanora faced with similar issues on the other side of the border, this leaves the Iberian Peninsular and Portugal as the great White Gold hopes of Europe.The Portuguese Minister is visiting MdB today. Just wondering whether the increasing pressure to deliver an EU source for all those German, sorry European jobs and carmakers, will finally push this over the top.

[busraker1] 11/11/2019 11:21

Thanks for the info.....it's interesting to see who is on the list of partners in terms of lithium mines. Keliber and European Lithium are about half the size of Savannah's resource but about the same grade. Keliber always said it was the most advanced of the European lithium mines in terms of timescales. Until they released these excerpts from news last week that is:-

"In the beginning of 2019, Keliber decided to change its end product from lithium carbonate to lithium hydroxide. The updated Definitive Feasibility Study (DFS) based on the production of lithium hydroxide was published in early 2019. The DFS clearly demonstrated the economic feasibility of the project. Throughout 2019, Keliber has continued to advance the project in various fields including technical planning, permitting and financing, reaching several significant milestones.

Keliber has identified certain factors that need to be further assessed and planned. Due to the changes in end product and production process, additional technical and environmental planning have been required. Keliber has also evaluated the length of the upcoming construction stage and updated the construction master schedule, leaving more reservations on delivery of long-leading items, acknowledging also that certain construction activities are best to be done outside winter period.

Syväjärvi environmental permit which was received in early 2019 has not yet reached legal force due to appeals. Keliber now estimates that the preparative works at Syväjärvi mine site will not commence in 2019, although the company has received a permit to initiate activities from the Regional Administrative Agency. Currently, Keliber estimates that construction could start in 2021, presuming that sufficient project readiness regarding permits and technical design has been reached, and that favorable market conditions for project financing exists. It is estimated that the construction phase would take over two years."

[greatfull dead] 11/11/2019 08:35

paleje,

Thank you for the post. I assume you still hold SAV?

ATB,
GD

[paleje] 11/11/2019 08:21

Bacanora issued an ops update today, they have substantial part project funding and a big partner in Ganfeng. Lithium in Mexico and Germany, will start earthworks early 2020 from existing cash, confident the balance will come. But at the end of their missive they gave a current market overview which I thought was interesting:-

General Market Conditions

There have been a number of media reports over the past few months highlighting the impact of an over-supply of lower grade bulk spodumene concentrates from Australia into the Asian lithium converter markets. Recently a number of these projects have been delayed, closed, reported decreased production or put on care and maintenance. With the majority of these concentrate operations being at the higher cost level, this supports the Bacanora strategy of developing a fully integrated lithium project that produces a final battery grade lithium product at much lower costs rather than an intermediate concentrate.

Bacanora CEO Peter Secker said "Recent research reports predict the lithium industry would need US$30 billion in investment in upstream capacity to meet its forecast of 1 million tonnes of supply by 2025 (a threefold increase on current levels). In order to secure funding, any new lithium project needs to be low on the operational cost-curve, without having to rely on by-product credits to artificially lower that cost per tonne. A project also needs to have reliable engineering cost estimates. A project needs to be of sufficient scale, in a location with a favourable environmental and political climate and deliver a high-grade end product. The Sonora Lithium Project is one of the very few projects globally that can deliver on all of these factors."

I'm not ramping them by the way, I did hold but don't now.

[ged5] 08/11/2019 11:42

It was! But there was no pictures of him at MdB.