Portuguese certainly getting involved recently.
How long will it be a British listed company? |
Another big day lots of big trades |
7.8p target |
Proper professional research piece per the RNS this morning. 60 pages. |
From share price Angel
Savannah Resources* (SAV LN) 3.9p, Mkt Cap £85m – Portuguese investor buys 75m shares from Slipstream
BUY – 18.3p
Mario Ferreira buys 75m shares off Slipstream Resources taking his stake in Savannah to ~188m shares or 8.6%.
Slipstream remains one of its larger shareholders holding ~73m shares or 3.4%.
Following the transaction, Portuguese investors are now estimated to hold ~12% in the Company implying good support from local investment community.
Slipstream commenting on the transaction reiterated its support for the Barroso Lithium Project and added that selling was attributed to redemptions in its fund.
Dale Ferguson, a founding partner at Slipstream Resources and former CEO of the Company, maintains his role as Technical Director in the Company.
*SP Angel acts as Nomad and Broker to Savannah Resources |
And Mr Ferreira adding interesting
I'm not sure if it is DA's holding (RIP) I thought DA had 40M shares
There is also this,
"Dale Ferguson, Savannah's Technical Director and Founding Partner of Slipstream Resources said, "Slipstream is committed to remaining very closely involved in the Project going forward. This is reflected in the significant shareholding we have maintained following this transaction and I will be continuing in my role as Technical Director. However, as a natural resource incubator business, Slipstream periodically has additional calls on its capital. Hence, we have taken the decision to reduce our shareholding in Savannah at this time, confident that both the Company and the Project are in a very robust position financially." |
Block buy of Slipstream stock - David Archer's holdings. |
Hopefully a steady climb from here..it's been a long wait. |
About 9% of stock so should be an RNS At a premium so wouldn't appear to be a forced saleIt will come out in wash but EP in Australia and did hint at further strategic deals to come when the AMG deal went through Will make for a read with an ice cream tomorrow |
What's with the 2 x 75m buys today? |
Couple of decent buys today roll on 5p |
https://www.portugalresident.com/portugal-puts-more-ambition-into-national-energy-and-climate-plan-2030/BW, Hi. This came out pretty quickly and confirms not a lot. They might be firming up, but over time, again. There is some sort of public consultation on the proposed changes and is due to end in early Sep (hidden in the heat of summer). No hard decisions or clear cut outcomes but I suppose that is the nature of politics. Not seen any wider coverage as yet but can't see Sevcovic beaming. |
Can't see any news on the final mining report by the government yet. Headline was copper potentially prioritised over lithium which probably caused that drop on low volume a couple of days' ago. Don't think too much to read into though. |
Let’s see if that help the share price |
RNS out. Significant increase in Li deposits following further drilling. |
I had to resist commenting that they had been one of the bureaucrats delaying the project for the last 4 years. |
Added the latest presentaion to the header and the twitter feed.
"It's great to witness such productive discussions taking place between Portugal's Minister of Environment and Energy @mgracacarvalho and European Commission Executive Vice President @MarosSefcovic!
We are proud to be championing Portugal's efforts in critical raw material production with our Barroso Lithium Project, and to contribute to Portugal and Europe’s energy transition." |
Clearing the sellers I think, some people would have taken profits after the rise on the news . |
Are we getting ready for the next leg up? Chart looking a lot more positive. |
Yes, probably. Fortescue have a small team in Portugal, and that's why I mention them. I guess the project is too small for most the majors, though. Roll on the continued progress |
AMG takeover more likely surely. |
a 5.7M trade @3.98p from Friday just popped up. Hopefully another group accumulating.
It's about time Fortescue made a bid for these at 10p + |
Kirby
You dont have to post twice - use the edit button |
16 million quid |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
