Savannah Resources Share Discussion Threads

[ged5] 03/1/2020 10:52

When talking about the locals Meyer says

"Very keen and very supportive"

Not what we've read but then again we're not the house broker.

Sack him for not doing his tie properly! ;))

[paleje] 02/1/2020 15:58

Trouble is, GED, the increase in demand for copper is proving slower than most 'experts' were predicting and global growth looks anaemic, we can thank Trump and Xi for some of that plus the slow EV take-up.

John Meyer has a view on the lithium demand/price for 2020 and mentions SAV specifically in this short clip about 2.5 min in.

[ged5] 02/1/2020 14:34

A very happy New Year to everyone. Let's hope it's our year for success.

Just read this on the PERE thread (thanks to Someuwin)



When we get the mining licence for Oman surely the demand for copper will determine any value whether production or sale.

[jotoha2] 02/1/2020 12:09

Spike ? not something that happens here , maybe a down spike !

[busraker1] 31/12/2019 12:57

...and the lithium price will rise when the demand for lithium rises, which requires much higher sales of EVs, and I agree with the below article from the Guardian that 2020 will be the 'year of the EV' with lots of new and very viable models being released from major brands (i.e. not just Tesla dominating the EV market). I suspect EV sales will grow by more than the already high expectations in 2020 and that some people have held off buying their next car until some really good EVs come on the market at acceptable prices, thus depressing petrol / diesel car sales a little recently.

Some lithium miners are waiting for higher lithium prices to re-initiate their expansion plans i.e. Talison / Greenbushes, Albermarle etc so their expansions will initially hold back a lithium price rise. However, SQM in Chile is facing court rulings that they are using too much water in their brine lithium operations, thus threatening the beautiful Atacama salt flats, which may hold back or slow down their large expansion plans etc.....and others like Alita Resources and Nemaska are going bust because they tried to build / operate in a low price lithium environment with high operating costs of high capex construction costs. It's really really important to run your mine with lower opex costs so that you will survive and still be profitable at lower lithium prices, whilst higher opex mines die away. Some of the big Aussie mines are quite high opex to run but they have the cash to build a hydroxide plant, which is more profitable, to enable them to survive and dominate etc.

Personally, I think SAV are navigating all of this well, but it's a difficult thing to be doing. If it all works out, then the share price will be a lot higher. I'm also invested in AVZ Minerals, which has the world's largest high grade spodumene lithium mine in the DRC (400Mt at 1.6%Li with upside to over 1bn tonnes), which is at the same stage as SAV, and has a £55m mkt cap.

[busraker1] 31/12/2019 12:42

It seems Nemaska Lithium in Canada may be going under during its hugely expensive construction phase for one of the world's first new build integrated lithium mine and hydroxide plants. I could never work out how they managed to get the capex as high as $1.5bn but trying to raise that in such a low price lithium market is deadly. It's been good for SAV that they've not been entering the construction phase yet, and good that they are only targeting $130m or so capex for the mine costs.

Personally, I suspect some of the delays at SAV is down to their financiers saying...."no, wait until the signs of a lithium price turnaround are evident", and Q2 2020 may be about right to see some green shoots in that regard imho.

[seagullsslimjim] 30/12/2019 19:58

from the above link...

'Portugal will face fierce global competition in expansion plans, and warnings of a bubble and oversupply have pushed down lithium prices.'

Late to the party again? At least Moz and Oman have done well for us over the years ;-)

[seagullsslimjim] 22/12/2019 11:25

Thanks for the comprehensive update folks :-)

[ged5] 22/12/2019 11:18

IB thanks for post 2577

Jim, in the RNS that Bristol mentioned it also stated:-

Funds will predominantly be used to complete the Definitive Feasibility Study (the 'DFS') on the Mina do Barroso Lithium Project located in northern Portugal

There are developments in Mozambique. Once the third mining licence (only £/$5000) is received, the PFS can proceed. Funds will be needed. Probably a placing but there could be other ways of finding that cash.

In Portugal the EIA will be completed and from what we've read it should be enough to satisfy the Portuguese authorities.

Work is going on behind the scenes both in Mozambique and Portugal.

I'm not particularly a fan of Archer but I'm lucky that I can talk to a very good honest bloke at the company. George, jotaha, if you are unhappy and you're invested then speak to them.

Impression I get is:-

Oman - embarrassed
Placing - anger at the price
Priority- Portugal
Future - optimism

[jotoha2] 21/12/2019 17:40

Last Proactive interview by Archer confirmed he is in no hurry to complete anything , the man is happy to continue at snails pace , amazed major holders are happy with his work rate , I suppose if he was sort of dynamic then he would be running BHP!

[seagullsslimjim] 20/12/2019 15:16

how much money do we currently have and so that i can pencil in the next expected placing in my new 2020 diary?

[jotoha2] 20/12/2019 13:00

Am sure long term holders are not laughing to much , having been duped by management they deserve better then the constant bullshiiite from the BOD .

Lithium assets are becoming very sought after , what the hell are these clowns doing to earn their over inflated pay.

[inbrackets] 20/12/2019 00:18

Portugese budget seems to confirm the government intentions:"Shock number two, for communities affected, is the creation of a 'lithium cluster'.The threat of lithium exploration in areas of outstanding natural beauty – and even UNESCO world heritage protection – has seen all kinds of civic protests, but the government is clearly intent on pushing forwards, outlining nine areas for exploration (all those that have seen populations in uproar).The budget stresses that this is all about 'Green Mining' which, it says, "gives priority to energetic sustainability and efficiency".Public tenders to mining companies will be actively rolled out in 2020, says the document."Points to SAV and Boticas. Let's see how active they really are. This is from a Portugal resident article yesterday .

[paleje] 18/12/2019 16:34

Acknowledged jotoha2, I don't sing the praises these days and lightnened a while back, at a loss I might add, still have a few though. The whole 'EV revolution' disappoints me but mostly I disappointed myself for mis-timing:)

[jotoha2] 15/12/2019 14:58

paleje , this company has blown around £26million , with very little to show for it , Lithium project is still a pipe dream. Money will again run out in 2020 and so all holders will again be turned over , its the name of the game here .

They have issued nearly a Billion number of shares , and unless the chief poncho comes up with some results then you are looking at probably 2 Billion shares by end of 2020, and share price of 1p if you lucky .

[ged5] 15/12/2019 12:52

Alkmaar fans are very friendly especially the kind gentleman who helped me recover my walking stick.

Interesting points from both of you. There was talk of more affordable vehicles being introduced as soon as next year.

You're right, Jim. I live in an area where it's easy to imagine the ideal scenario of having solar panels providing the electricity to a battery charger in the garage (or just outside if like mine the garage is full).

Some will not be able to have that facility. Infrastructure needs big investment. Perhaps the value of copper will increase and make Oman assets more valuable. Just maybe that will be the next game changer.

[seagullsslimjim] 15/12/2019 11:50

Problem is cost for the average person and then lack of charging points in normal residential areas where there are flats and terraced houses.

Fine if you have a garage but i read that most wiring simply won't take the amount required for an overnight charge.

Wonder what the next game changer for SAV will be?

[paleje] 15/12/2019 11:10

jotoha2, I know what you're saying but aren't there different measures of success, most never become big main market co's true but quite a few get taken out or merge and don't actually go belly up. In which case it's timing that decides if the small investor benefits or not. Both in and out it's crtitical on AIM.

Ged, well we know the Dutch girls were:)

Interesting article on EVs in today's ST, the big auto co's are all stuggling to figure out how they can make money out of them because at the mo they are just too expensive to make and sell at a price the public will accept. James Dyson gave up after blowing 2.5bn and I'd say he was a true entrepreneur, so some big changes in how they work and cooperate are needed and being discussed. It's just a lot slower than we hoped.

One encouraging point they raised, when they do get their acts together and start forecasting peak production which could be around 2025, the lead time might be short which will expose serious shortages in critical materials lithium and cobalt and send prices rocketing.

[ged5] 13/12/2019 15:29

A couple of meaty buys today.

Were the Dutch eves-dropping?

[jotoha2] 12/12/2019 10:14

Its a fact that only one in 80 AIM companies succeed , it's one in 120 for small mining companies , that is why most have issued billions of shares to stay alive and end up broke !
This company has not yet made a penny in sales , and is run by a man who is living of a past positive reputation , can he come up with any sort of a deal , yes , but it will NOT benefit small holders .