Savannah Resources Share Discussion Threads

[phippsy1] 26/4/2020 20:45

Hi Ged5
The last RNS said 'Finalising the Environmental Impact Assessment & Mine Plan for submission to the national regulator shortly'. Shorty in my terms would be 4-6 weeks so hopefully we'll see an RNS in the next couple weeks. GLA

[ged5] 25/4/2020 09:28

It has been some time since I visited the SAV website but just looked in this morning.
I can't envisage much going on until the 3rd or 4th quarter with this virus about. In the meantime there's a section on Lithium with plenty to read.

Well there's nothing else to do other than the garden so why not?

Hope everybody is keeping safe or keeping others safe. Keep off the disinfectant!

[nick9013] 14/4/2020 20:16

Avg just over 6p shocking the money I lost on here. Made it back on SNG Though

[ukgeorge] 09/4/2020 12:00

4p is my average so the sparkling water (all i can afford now) can remain un opened.

:) but yes good to see the share price bouncing back.

[jotoha2] 09/4/2020 11:46

Maybe Archer will come good after all , share price is trying it's best to get of the floor, keep going baby.

[nick9013] 07/4/2020 11:47

I forget about this, I like to forget. That is until Archer is gone

[jotoha2] 07/4/2020 09:06

Must be time to hear on of take agreement .

[inbrackets] 27/3/2020 08:40

EMH have updated market today. Price reduction and exit door left wide open. Big thing is that they have funding to see if they can get to the next stage - funds that weren't available through the open market.So what options are now left in Europe? Austria? Serbia? Fantasyland?It is good to see the pieces starting to move across Europe though, like some game of Risk.

[busraker1] 26/3/2020 15:47

Thx IB....digging around Infinity's other announcements in recent months, it seems they hold the intellectual property to this novel, environmentally friendly method for converting Lithium carbonate in to Lithium hydroxide that the EU have been promoting....using fertiliser, rather than sulphuric acid....and this funding is initially for the first and second phase pilot plants to prove the process, delivering a couple of kg of the final hydroxide to offtake partners for their approval...all costing around $3m/$4m of EU money or so.

The aim then is for the patented process to be licensed out to other hydroxide conversion plants, i.e. the one SAV hope to be associated with at Port de Leixoes. So, we may need Infinity to be prioritised in this process to enable and benefit SAV's hydroxide plant to move forward in due course.

The EU seem very interested in this green conversion technology. How interested the EU ultimately prove to be in Infinity's actual low grade mica based lithium in the ground (with $310m capex) it will be interesting to watch! Notably in the announcement the EU doesn't commit to funding Infinity's $310m capex, but will 'help them find' the funding from public and private partners in the EU.

[inbrackets] 26/3/2020 14:23

It's certainly good to see signs of life despite what is happening. Tend to agree with the numbers based on grades, tonnage and assumed prices for INF. Don't doubt that SAV will receive similar support but they need to get over the local difficulties I suspect before the EU support is visible. This will mean the EIA, agreement from the municipality and Portuguese Gov. commitment. Will the EBA also need to launch the second consortium that was outlined at the end of last year?Meanwhile EMH making hay today. Not sure if it's off the back of the announcement from INF and BMW or whether it's hopeful punts based on the proposed deal due to complete at end of March, based on prices in a more bouyant market. Wonder if an excuse to backtrack will be found....coronavirus maybe?

[themightyali] 26/3/2020 14:09

Bought some more, 154k, hopefully it’ll help boost confidence.

[busraker1] 26/3/2020 12:07

Here's the actual ASX announcement from Infinity...

[busraker1] 26/3/2020 11:19

Wow...Infinity Lithium (very large, low grade lithium in Spain, but behind SAV timewise) have secured preliminary European funding and partnership for their project....well, £800k anyway!...ha...but promises of much more to come.



Very interesting...this should be taken as a positive for SAV re the European funding and support, but potentially the acceleration of another project because SAV is stuck with a long EIA process battling with protesters.

I think this is probably very positive for SAV's future.

Here's the latest Infinity presentation, which is an interesting read and comparison for SAV -

Infinity have 111Mt lithium at only 0.6% grade, and it's only this size because they used a 0.1% grade cut off in their JORC estimate, whereas SAV don't even count the lithium in their JORC unless it's 0.5% and above (0.5% cut off).

Infinity are planning a lithium mine and a hydroxide plant as a fully integrated operation. Expensive to do ($310m), yet the EU seem willing to fund it / find funders for it. I wonder if Infinity's lithium would have been profitable without the hydroxide plant?? ;-) I'm seeing too much overstating and stretching of their numbers in their presentations at times. A 42% Pre-Tax IRR using a hydroxide price of $14000/t, but more around 15% at stressed prices around $8000/t, which is roughly where the current spot prices are. A little bit 'salesmany', but only time will tell on that score. They've done well so far.

They state in their presentation that they were chosen to be a partner of the European BIP (Business Investment Platform) in December 2019 and they were one of only 3 EU based lithium projects chosen.

Anyway, if the funding is there, then SAV could be encouraged to go for the hydroxide plant also as part of a staged construction, and owned by themselves, not in JV with anyone.

Any thoughts?

[ged5] 19/3/2020 10:03

If you put money into companies like SAV you are probably here for the long haul. It would be better if the market was shut for 2-3 months until we got the better of this virus.

The commentary was OK but unfortunately I can't take either of them seriously when they give forecasts. I would have liked to have seen a statement that he and Ferguson are going to defer their salaries until we see past promises delivered.

At least the mass demonstrations will be stopped!

Stay safe and strong in these unique difficult times.

[busraker1] 18/3/2020 13:14

It clearly isn't finished, but it's certainly frustratingly slower than planned. I'm grateful to SAV for the detailed update and for bringing the Year End Results forward by two months from last year to do so.

I would ask that SAV updates the market on the further Aldeia / Pinheiro met. test and overall pilot scale plant results as soon as they are available so we can see it all works with regards to an eventual development decision later this year.

The low lithium price isn't helping and you could imply that the construction financiers are causing the delay as financing is very tight at the moment, though Altura Lithium managed to refinance a large amount recently, but is one of very few. However, DA actually states that we'll need 6 months after the EIA is imminently submitted to obtain approval for that, which is holding up the DFS and financing, so whether you blame that or the financiers waiting for better lithium prices I can't tell. I'll go with the EIA reason for now. Both will be significant hurdles if SAV overcome them.

There'll need to be some financing this year surely. It could be a painful dilutive raising, but the hint is that an offtake agreement is coming in the near term. So, you may get some offtake financing with that, or the offtaker taking a strategic equity stake in SAV, which will seem hard on us if they get, say, 15%/20% of the company at 1p etc, but that 'could' be part of the deal which strengthens the company. It sounds like a solid name is lined up.

imho...:-)

[jotoha2] 18/3/2020 11:12

Trading and technical targets have never been achieved in the last 5 years , on that basis it is finished , unless Archer is a magician.

[bristol97] 18/3/2020 10:45

Just wait for the next riase, at 0.5p if he is lucky.

[broncowarrior] 18/3/2020 10:09

He singlehandedly got the share price to 16p too. How is this his fault? He can't force a government to do something, nor can he get round strict environmental laws.Coronavirus doesn't help either!

[jotoha2] 18/3/2020 07:43

More excuses from Archer , this man has single handedly destroyed the share price , millions blown with very little results , a perfect example of how not to run a AIM company .

[broncowarrior] 17/3/2020 17:30

That isn't true.

[highly geared] 17/3/2020 17:26

Maybe the metals we’re supposed to be looking to mine will turn into something else by the time we start digging. £30k down the swanny.....

[ukgeorge] 17/3/2020 17:18

everything bouncing except this shambles