Savannah Resources Share Discussion Threads

[ged5] 09/12/2020 09:54

I don't think any of us saw this coming, Paleje. I was looking at the chart over the weekend and had this down as a potential buy. The Guardian article seems to have been the catalyst.

Highest volume yesterday for a couple of months.

[flc] 09/12/2020 09:27

Don't think he had much choice...sell shares or lose his hotel.

[paleje] 09/12/2020 09:18

Is this rise for real, I hope so but it would suggest that David sold at a really rubbish price by comparison only a week or so ago. He didn't see this coming?

[jotoha2] 09/12/2020 09:13

Hit 3.4p intraday yesterday , so 3.9p today will confirm new uptrend in place!!

[swanvesta] 08/12/2020 17:12

UKGeorge, "they have a solution, but no technology to get the li out of it." Hmm, you mean no scaled-up technology? But DLE seems increasingly to be a "thing" these days and PFS is due fairly shortly.

[jotoha2] 08/12/2020 15:44

It lost 50% of its rise this pm , so certainly day traders came and went , lets see what happens tomorrow and whether DA comes up with anything substantial.

[sif12] 08/12/2020 15:39

I dont think this is a P & D. there was interest from the guardian article, that buying pressure was probably picked up by a few day traders who got 15-20% and then sold..

so there's some substance behind the rise

[jotoha2] 08/12/2020 15:06

Looking like a P&D , lets see if it finishes above 3.4p today .

[reba] 08/12/2020 14:42

interesting report. meanwhile say is still sat on the fence watching all the other suppliers cashing in. Come on Portugal get on with issuing the licences before its too late.

[busraker1] 08/12/2020 14:21

GLOBAL LITHIUM WRAP: Tight supply drives China’s lithium carbonate prices up further



The start of a lithium bull market me thinks...at last

[ukgeorge] 08/12/2020 13:39

they have a solution, but no technology to get the li out of it. But yes also interesting wish I had had a few k in them.

[swanvesta] 08/12/2020 13:37

The article points to the environmental concerns of mining. Doesn't Vulcan Energy have a solution for all that? And it's carbon negative, and has resources that eclipse all other european projects combined.

[stockhunters] 08/12/2020 13:29

once that magical 3p level goes then hold on to your hats lithium best sector to be in

[jotoha2] 08/12/2020 13:28

Coming back to 3p , keep pushing up baby .

[ukgeorge] 08/12/2020 12:44

who would have thought all we needed was a guardian article about yoga

[jotoha2] 08/12/2020 12:20

Looking very good , next stop 4p with lights on it

[ged5] 08/12/2020 11:08

Yes. This one is from 2017:-

[jotoha2] 08/12/2020 11:00

3p , tough nut to crack , come on DA we need some news to really get this moving with some gusto.

[sif12] 08/12/2020 10:52

Ged is there a scoping study or similar reference doc for Mutamba?

[ged5] 08/12/2020 10:39

The risks are obviously the protest groups and getting the offtake agreements or funding for the mine.

The sentiment is at an all time low because of continual delays. It looks to me that it will be Q1 or early Q2 for EIA approval, DFS and funding.

Meanwhile there is the world class project in Mutamba. We await news.

[amrishbhim] 08/12/2020 10:34

Just another 500,000 shares gone through

[inbrackets] 08/12/2020 10:30

Did have many Guardian readers down as raging opportunist capitalists. Good article though and pretty evenly handed.Tomorrows Benchmark 11am slot and the Iberian Li Summit late afternoon might bring more out. Wonder when/if the Port gov will deem Li a critical mineral, in line with EU and US?

[sif12] 08/12/2020 10:21

thanks Ged, I've been on adfvn from about 2008 under a couple of names, so definitely not very new :) But I imagine its the article thats provided a boost here.

GED, FLc thanks. EBITDA of Low side $72m annual, so very close to my rough figures. upside to $90m annual.

As per on AML, I try to assign tangible value, plus consider risks and sentiment.

On SAv, there is the obvious risk associated with community groups, legal challenges etc. but at this price, seems a good risk/ reward.

[flc] 08/12/2020 10:05

Hi sif12...I'm not great with numbers but the detail from the 2018 scoping study can be found on SAV website.