Savannah Resources Share Discussion Threads

[ged5] 28/2/2019 09:27

Good morning IB.

Strange how a "mistake" like that can happen. They still look grossly overvalued at £108M even though the share price has halved.

Back to SAV.

Tweets yesterday might be preparing the way for a step up on the news front.

Also the latest community letter in the last 24 hours.

[fqr714bhp] 28/2/2019 09:05

Selling at 5.30p
Buying at 5.385p

[ukgeorge] 27/2/2019 17:02

one of the 100k was me, but not the others

[fqr714bhp] 27/2/2019 16:51

Some one has been dumping 7 x 100000 today.

LOL.

[inbrackets] 27/2/2019 14:48

Ged, hi.You have known my scepticism re Bluejay for a couple of years now. In these days of increased data control, it becomes increasingly surprising that key nuggets of information should be subject of an accident. Meanwhile, lots of headline automakers and battery manufacturers are laying out their stalls. Second strings in the supply chain will follow on to my mind now as they confirm to the market that they have locked in their supply chains to some extent.

[sambuca] 26/2/2019 21:31

An interesting piece.

Watch the copper price – if it keeps rising, this bull market could have legs
This week I want to take a look at copper.
It’s a subject I haven’t looked at in a long, long time – far too long, in fact, given its importance to the world economy.
The monetary purists might tell you gold is the most important metal, but far greater investment minds than my own will shake their heads quietly and say: “No. Copper is.”


Dominic Frisby,
MoneyWeek
@DominicFrisby









Both China and copper are breaking higher – here’s why that matters
Here’s why I was drawn to copper this week. First, one of the newsletters I follow issued a “buy” recommendation on Chinese equities. Almost in tandem, another issued a “buy” on copper. Copper and China will often trade in lockstep, so it is no great coincidence that the recommendations should have come so close to one another. Both are staging break-outs.
Copper is the third most-used industrial metal in the world, after iron and aluminium. Its main use is in wiring, which accounts for about 60% of demand. Piping and roofing make up another 20%, and machinery about 10%. (The final 10% we can file under “other”). Broken down by sector, copper demand is 65% electrical, 25% industrial and 10% transportation.
Because it has so many uses all over the economy – homebuilding, construction, manufacturing, power generation, electronics and transportation – it has proven an effective barometer of economic health. Hence the nickname you have no doubt heard many times before, Dr Copper – the metal with a PhD in economics.
That it is currently breaking out, is both significant and bullish.
The current copper price is about $2.90/lb. Below we see the price action over the last 20 years, by way of perspective.

You can see: the lows around the turn of the century at 60c/lb; the huge run up through the noughties into 2008, when it hit $4/lb; the crash of 2008 followed by the rebound and eventual all-time high in 2011 at $4.60/lb; and the subsequent bear market which took copper back to $2 by early 2016.
Copper then had a decent enough couple of years – until things got ugly again in the second half of last year.
Zooming in on the last five years, you can see by the red band and the arrows I have drawn in the next chart, that the area just below $3/lb has been something of a pivotal price point.

We are right in the red zone at the moment. If copper goes through, things start to look bullish – not just for copper but, as stated above, for the economy generally, especially emerging markets. If it bounces back down, however, things look rather more stagnant.
You never know, of course. But to me it looks like copper had made a bottom at $2.55 and wants to go higher. The current trend is up.
The copper market has several main drivers. Perhaps first and foremost is the US dollar itself. A weak dollar and a more inflationary environment suits copper best.
Next there is the oil price. The supposition is that, as copper extraction is an energy-intensive process, a low oil price is good for copper. But in fact, in general, the tendency is for both commodities to rise and fall together. High demand and rising prices are symptomatic of economic expansion. Low demand (and falling prices) implies contraction.
Third we have China. China is the world’s largest consumer of copper (as it is for most metals) and so Chinese demand is one of the metal’s main price drivers.
When stocks on the London Metal Exchange (LME) are low, as they are now, the set-up is bullish. It suggests demand is greater than supply. LME stocks are near five-year lows.

Then there is the longer-term price driver that is projected future demand versus projected future production. Production is generally forecast to be constant over the next five years. The outlier, however, is discoveries.
Read the whole of this article on the MoneyWeek website.
Until next time,
Dominic Frisby

Sam

[ged5] 25/2/2019 14:22

Thanks IB.

Another use for lithium ion batteries:-

[paleje] 24/2/2019 18:43

Thanks inbrackets, I put it in the twittersphere too, every little helps.

[inbrackets] 23/2/2019 15:52

Nice little article, albeit with maybe limited readership, but may be picked up in the wider press over the coming days.http://www.mining.com/europes-push-evs-boon-savannahs-portugal-lithium-project/

[fqr714bhp] 20/2/2019 15:35

Buying at 5.5999p selling at 5.521p

[ukgeorge] 20/2/2019 13:48

FQR I hope these spike to 8p so you can sell and move on.

The company will release a BFS in june/July.

They will also nail down some off take agreements, which will help with raising finance. Longer term there is good potential here. But you need patience.

[greatfull dead] 20/2/2019 13:15

BW,

All comes to those who are patient, here...

ATB,
GD

[fqr714bhp] 20/2/2019 13:05

We shall see!

AIM is a rats nest of corruption and doggy dealings.

LOL.

[broncowarrior] 20/2/2019 12:48

FQR, what is the rush? If you need the money you have to buy and sell on momentum spikes in mining companies, as they are always volatile.As an investment play I'm expecting 30-40p here in the next two years, with a probably share consolidation so it is 3-4 quid and on the main market.There is currently no news to move it to 10p but that is likely to happen in the next 3 or 4 months, BFS likely to be the big news.

[fqr714bhp] 20/2/2019 10:33

Nothing short of a miracle will ever get this above 10p again.

[fqr714bhp] 20/2/2019 10:31

NO, but other people are that is for sure.

I need 7.839p just to break even.

[ukgeorge] 20/2/2019 10:27

I take it you are shorting this company?

[fqr714bhp] 20/2/2019 09:07

Not a single buy or sell and it is 09:08am?

Like i said, no logic to this share at all?

LOL!

[ukgeorge] 19/2/2019 16:36

Will be time to add a few more if it does.

[fqr714bhp] 19/2/2019 16:35

Told you, on the way back down to 4.7P???? no logic to this share at all.

The best thing management can do here is to put the company up for sale and hope for the best in these bad times before they get Zero for it.

LOL.

[ukgeorge] 18/2/2019 11:00

So when does trading turn into investing? 1 hour, 1 day, a month, a year?

[mike/homeruk] 18/2/2019 10:42

That's not true at all - it depends on your time horizon.