Savannah Resources Share Discussion Threads

[weaverbeever] 10/11/2023 17:23

Where are you getting the buys and sells data please

[reba] 10/11/2023 16:44

End of the day.Difference between buys and sells 600k thats all. that shows a drop of 17.5%. what a fiddle. last trade 700k at 2.3. pi's have no chance

[the lah] 10/11/2023 16:23

I've a modest holding...if it dips under 2p will double up...like most of Europe Portugal are going to be left behind in the Lithium market...China, Australia and S.America are ahead of the curve...I'm in ATM which had Li but not the best grades but decent Sn which is my best share...its annoying and yes the board need to use a bit of media exposure or this is sinking lower unfortunately...

[inbrackets] 10/11/2023 15:16

No doubt the lawyers will be all over them to make sure that they comply with requirements hence nothing that hasn't been checked and authorized ie RNSThat would seem fair and understandable however painful.

[ukgeorge] 10/11/2023 14:46

Great to see Dale doing a few interviews to steady the market. Oh wait they have done nothing........

Unbelievable

[goodday1] 10/11/2023 12:28

Come on guys, is the drop heading to the 2p and under?It is a tad overdone now.I am searching for the bottom of this fiasco of a share.All the profit on my holding evaporating in front of my eyes.Remember, someone stupid said imminently imminent, lol.Gl all

[ukgeorge] 09/11/2023 15:38

lithium batteries will be phased out before we ever get any out the ground.

[goodday1] 09/11/2023 15:18

We are not out of the woods, yet.Next shock & it could be all over.What else can go wrong? It is SAV after all.One day Rodders. Hopefully, slowly slowly we will creep out of this shock, by late January we might. Crossing everything.Gl all

[reba] 08/11/2023 18:58

How far in debt is Portugal.?
The Eu wants to step in and overrule any negative opposition, purely on the basis of recovering some of the massive debt. I understand very few countries are showing a profit in the EU.

[jammytass] 08/11/2023 15:19

The mayor of Boticas stated this Wednesday that the municipality is finalizing an action to challenge the continuity of the Barroso mine, included in the investigation that led to the prime minister's resignation.

"This is undoubtedly a great argument for the project not to go ahead", social democrat Fernando Queiroga highlighted to the Lusa agency, referring to the investigation released on Tuesday.

The mayor said that the municipality is finalizing the action that will be filed in court within an estimated period of 15 days and that aims to halt the progress of the Barroso mine, which obtained a favorable Environmental Impact Declaration (DIA) on May 31st. , although conditional on the implementation of compensation and mitigation measures.

Read too
Montalegre Chamber goes to court to stop lithium exploration
The investigation targets the lithium exploration concessions in the Romano (Montalegre) and Barroso (Boticas) mines, a hydrogen energy production plant project in Sines and the "data center" construction project developed in the Zone Industrial and Logistics of Sines by the Start Campus company.

The Barroso mine was the first lithium project in Portugal that obtained a favorable DIA.

The project developed by the company Savannah envisages open-pit exploration, has an estimated duration of 17 years, the planned concession area is 593 hectares, and is contested by local and environmental associations, as well as by Câmara de Boticas.

Read too
Eight civic movements call for “immediateR21; cancellation of lithium exploration projects
"It only gives us more strength to continue our challenge and if the company continues with the process, as it has already issued a statement saying it will continue, we will also continue with our process", he stated.

Fernando Queiroga recalled that a precautionary measure has also been submitted by the Parish Council.

In February 2022, the Junta de Covas do Barroso filed a lawsuit with the Administrative and Fiscal Court against the Portuguese State and the Ministry of Economy because of the exploration of lithium in the Barroso mine. Meanwhile, the company Savannah Resources informed that it was constituted as a counter-interested party in the process, through its subsidiary in Portugal, Savannah Lithium.

[ged5] 08/11/2023 12:58

The market doesn't like any type of bad news at the moment. The fall was expected. I've no doubt this will settle when it's realised SAV were not involved in the corruption.

Once the good news starts the share price will recover imo.

[reba] 08/11/2023 12:07

SAV have nothing to do with this corruption, Yet everyone thinks the worst and sells.
Time to buy back in.

[ukgeorge] 08/11/2023 11:26

Savannah Resources* (SAV LN) 2.7p, Mkt Cap £50m – State prosecutor statement comments

BUY – 21.1p

The Company released a statement relating to a corruption investigation regarding government officials that led to a resignation by PM Antonio Costa yesterday.
Investigation is related to:
A project for a hydrogen energy production plant in Sines;
The data centre construction project developed in the Sines Industrial and Logistics Zone;
Lithium exploitation concessions 'in the Romano (Montalegre) and do Barroso (Boticas)'.
Savannah confirmed that investigating officials visited its offices in Portugal and the team fully cooperated with the agents.
The team reports that the Company and any of its directors or employees are not targets of the investigation.
Additionally, the Company reported that its operations on the ground continued unaffected.
Conclusion: Corruption allegations regarding grant of lithium licenses in northern Portugal is set to challenge investors’ confidence in the region in the short term but will ultimately help accountability of state officials and create a more pro-business environment.

We have no reasons to doubt the integrity of the team and the company as Savannah has gone through a comprehensive environmental approval process and has always taken a transparent approach to dealing with government officials and local communities. While potential changes in APA (the environmental agency) management may delay the permitting process, the Company is reporting that operations continue unaffected so far.

*SP Angel acts as Nomad and Broker to Savannah Resources

[reba] 08/11/2023 11:23

Have we reached the bottom.? i think so.!

[flc] 08/11/2023 09:18

Yeh, it's all flooding back why I sold in the first place...and then bought back in!! Will sit tight this time and see what happens.

[reba] 08/11/2023 09:10

Fill your boots. Buy buy buy

[reba] 08/11/2023 09:10

Fill your boots. Buy buy buy

[goodday1] 08/11/2023 08:32

This is unbelievable, mining is full of all sorts of, never mind this as well.Ffs, give us a break.Gl all

[weaverbeever] 07/11/2023 22:14

Found this in the Times. According to local media, the investigation into lithium is related to mining projects in the northern municipality of Montalegre. The mayor of the town of Sines, Nuno Mascarenhas, was detained, according to Publico, as well as two entrepreneurs.

[weaverbeever] 07/11/2023 21:36

Or might mean taken a load of back handers

[weaverbeever] 07/11/2023 19:16

Good chance the share price will tank tomorrow. FFS. Like the f...cking wild west is share investment.

[goodday1] 07/11/2023 16:09

Here, our PM would have said.I have asked the police to fully investigate & as all of you know we can not comment on a live investigation.Our government specialise in kicking it into the long grass.LolPlease, do not tell me, everything is on hold till further notice.Here I was thinking about our partner's announcement is eminently imminent.Gl all