Savannah Resources Share Discussion Threads

[ged5] 08/12/2020 10:04

Welcome to the two newbies. Lloyds bank and Aston Martin posters and not new to ADVFN. You seem to have brought a bit of buying with you.

Sif12, you're best starting with the scoping study from 2018:-

[jotoha2] 08/12/2020 09:56

Well well , we have some upward movement , needs to break 3p to confirm trend change.

[sif12] 08/12/2020 09:53

can someone provide a few brief points

rough cost of development?

how much cash could they generate? operating profit or cashflow?

i had some finger in the air figures:

Article states potential revenue of $1.5bn over 11 years.

Im assuming $300m development cost (states $109m in article , but these things always overrun significantly)

Annual value of $100m. annual costs $30-50m?

So operating profit of about $50-70m..

Assigning a PE of 10.. $500- 700.. or about £400m to £550m MCAP (and this assigns no value to Mozambique)

Am i way off?


sif

[sif12] 08/12/2020 09:44

FLC as per the article, portugal relative to other euro countries isnt that bothered about enviro.

and seems the gov is keen for the cash... so when rather than IF

[flc] 08/12/2020 09:42

'White Oil'.....'White Gold' more like. Great article, thanks for posting maxk. Personally, I don't think is a matter of if, it's more a matter of when the licence will be granted. What Gov't would not want to be a major producer and exporter of lithium? I very much doubt a few locals or environmentalists would have the clout to pull the plug on this project.

[sif12] 08/12/2020 09:11

maxk that whats got me here this morning.

the intention of the article is to highlight how the green EV movements critical reliance on lithium massively and maybe ironically has significant environmental impacts

however, what reads through.. is the significant opportunity for SAV in Portugual

[maxk] 08/12/2020 08:01

Long article, heaven or hell?

[ukgeorge] 07/12/2020 13:46

yes very frustrating, even worse is vulcan energy. Infinity lithium also done well.

Longer term the EU is throwing money at the industry and sooner or later some will find its way to sav, hopefully there won't be too many more rights issues.

[jotoha2] 07/12/2020 13:29

And the downhill slide continues , all other Lithium plays going really well ,BCN now doubled in the last 2 months !!

[jotoha2] 07/12/2020 09:53

More sells this morning , people getting bored with the lack of any positives.

[jotoha2] 03/12/2020 09:19

Just look at the pace of change in the EV industry ,where are you to be seen in this DA , years behind , pull your finger out otherwise you will miss all the fun.

[jotoha2] 03/12/2020 08:23

Exactly , the poor soul is is not capable of achieving anything promised , he should resign and bring in a deal maker so he can concentrate on running his Hotel !!

[ged5] 02/12/2020 18:01

Final results May 2019

Feasibility Study commissioned with results expected in H2 2019

Discussions initiated with potential offtake and strategic partners and providers of project finance



Then at 1:35 in this video:-



Two years late David if you manage to keep to the deadline!

[themightyali] 02/12/2020 08:49

More large dumping of shares!

[ukgeorge] 01/12/2020 15:43

just topped upp 53 and 189.7k @2.69p

Roll on some news and a spike higher

[jotoha2] 01/12/2020 15:40

Whats a penny here or there , it should be at least 8p , and has been around 12p when the punters were falling for DA story .

[stockhunters] 01/12/2020 13:31

jotaha historic lows are sub 1p

the thing is lithium and ev took a massive hit over recent years and only recently people are going made for it again especially as ev demand is spiking

[ukgeorge] 01/12/2020 13:18

manuel will get it sorted

[jotoha2] 01/12/2020 13:14

Exactly , this share should be buzzing , not sat at historical lows , take of agreement was promised to be completed by November 2019 , maybe DA has been spending to much time in the Restaurant and not enough time getting the deal done ,do show us you have the required skills please.

[stockhunters] 01/12/2020 12:10

everything electric going up sav next

[ukgeorge] 01/12/2020 11:25

The only worry is that there is another rights issue

[phippsy1] 29/11/2020 22:37

I found this article from the 24th. It will have some kind of effect on SAV but unclear what and I dont think the goverment know at this moment. This might explain why it wasn't mentioned in Thursdays RNS.
.hxxps://www.publico.pt/2020/11/26/economia/noticia/plano-mineracao-litio-tera-avaliacao-ambiental-estrategica-1940808

[inbrackets] 29/11/2020 19:37

Trouble at mill if anything to go by what has been posted on lse. That said, understand it has been discounted as not applicable to MdB on the basis of an existing mining licence. Mmmm......I suppose this might separate those that favour red, black or even green. Some may need this less than the hole in the head.