Savannah Resources Share Discussion Threads

[jotoha2] 15/10/2020 09:30

6p would be very nice , come on DA lets get moving here .

[ukgeorge] 15/10/2020 08:48

so is this the start of a nice spike. Note to self don't forget to sell.

[1teemore] 14/10/2020 22:49

From South Bank Investment Daily 14th October

With Boris Johnson promising a “green recovery” and Joe Biden touting a “Green New Deal”, policymakers across the world have decided that kickstarting the economy and saving the environment go hand-in-hand.

The installation of millions of new solar panels around the world will drive demand for numerous metals – including silver, 20 grams of which will go into each individual panel.

But not for nothing has Elon Musk purchased rights to lithium deposits in 10,000 acres in Nevada.

With major governments around the world, from China to the EU to the UK to the US gearing to spend the trillions necessary for a global green revolution, the political will is finally here.

The challenge remaining is one technology – battery storage – and as you’ll see, lithium is the metal to solve it.

The linchpin of the green revolution
Lithium-ion batteries are used to store power in a range of appliances, from solar panels to smartphones to yachts. But its electric vehicles (EV) which are due to push up demand for lithium batteries over the next decade, pushing up lithium prices with it.

The market has already begun to react. Take Global X Lithium & Battery Tech ETF (NYSE: LIT), for example. It tracks the Solactive Global Lithium Index, which includes a spate of companies in the lithium supply chain. It’s up 76% this year.

[sambuca] 14/10/2020 17:08

The trades are showing very wrong I brought back in this morning the 49k at 2.045 showing as a sell was my buy. so all at that price and above are all buys.

Sam

[ged5] 14/10/2020 09:05

Paying out some money to tell them to get on with the PFS. Dear oh dear!

[jotoha2] 14/10/2020 08:30

What is surprising here is that Archer is not performing like a man who has skin in the game , maybe he is just out of his depth, answer ........step down to a technical role and bring in a deal maker!!Sp says this is going nowhere , please prove it wrong DA !

[highly geared] 14/10/2020 07:37

Doing what Archer isn’t capable of....

[broncowarrior] 14/10/2020 07:33

Ok, so what is this bloke going to do for us exactly. Strategic study seems like more money down the drain.

[busraker1] 12/10/2020 11:58

Pilbara ups weekly lithium production...

[tommygriff] 09/10/2020 18:15

6 ??? Liking lithium. The ongoing electric vehicle boom is reliant upon a steady supply of lithium, so much so that lithium demand is expected to double in the next four years, according to Seeking Alpha. This should be a boon to miners such as Albemarle, SQM and Livent and other battery component makers such as LG Chem, according to Barron's.

[ged5] 09/10/2020 12:51

I'm surprised SAV haven't tweeted about the Notice for Tender for the EIA at Mutamba.

[ged5] 09/10/2020 11:39

Well done on your profits. Let's hope that's the beginning of a trend.

As Busraker pointed out we are similar in size to Piedmont and they had a big rise after their off-take with Tesla. Let's hope the same happens here!

Meanwhile I'm looking for notice for tender for the EIA in a Mozambique national newspaper from this week. Apparently that is the rules. So things are happening at Mutamba where it has estimate of 4.4 billion tonnes at 3.9% THM

[reba] 08/10/2020 13:02

Hi Ged5, Nice to see your still around and keeping good health i hope.

Been back a while messing about. traded a couple of times and made a small profit.
Hopefully this could move in a big way given the go ahead. PORTUGAL needs this badly and so does the EU, especially after this darned virus.

[ged5] 08/10/2020 11:14

Thanks for that information, Reba. Am I right in thinking you've just returned? If so welcome back. It does look ready to move up.

[ged5] 07/10/2020 13:38

You're fairly new to SAV but have already made some valuable contributions, perhaps a little more erudite than some. Thanks!

I was pro DA but his false promises on deadlines have left a bad taste. If it wasn't for the CFO I would probably be very much more acerbic towards towards him.

Yes he's compared us to Altura on several occasions mainly because of the spodumene. There is great potential here but let's not forget Mutamba. It is a big asset that needs developing. I really can't understand the delay. I know someone who may help out but now a walk along the coast.

[busraker1] 07/10/2020 11:53

Ah, sorry Ged, I didn't click your video link (obviously).

I'm not anti DA as per this board. The timescales for a lithium mine are long and especially in an environmentally sensitive jurisdiction like Northern Portugal it seems...or, at least where people are wealthy enough to formally complain.

Piedmont's development plan timescales are very similar to ours.

We're also, I think, having to wait on Europe's own plans to initiate a hydroxide plant, in order to reduce the gap in which SAV might have to ship its spodumene abroad for processing. I'd love us to get a JV or full ownership of a hydroxide plant if the capex funding is available....as per Piedmont.

There's also the need to time the lithium pricing so you don't come to market too soon, of course. DA has likened us to Altura Mining in AUS in the past, which has very good quality spodumene but the ramp up in year 1 of operations in a low price market has caused many financing problems....and they're one of the better companies!

I see buying SAV as a leveraged play on the lithium price, so many lithium stocks could be higher in the next year regardless of being in production or not.

Thanks for your posts! :-)

[ged5] 07/10/2020 11:13

I've also been adding probably on a much smaller scale to you, Busraker. Perhaps it's because of the reasons you've given. There seems to be a lot of talk about lithium and the EV sector. Or it could be that I have this thought deep in my head that the share price might double or treble if DA resigns. After all it would also benefit him with all the shares he's got.

By the way I posted the link to that video in 3001!

[busraker1] 07/10/2020 11:02

If other lithium plays are spiking up and we're not, then that may be a clue that it is coming! I've been feeling an urgency to double my holding, which is nearly done now.

The lithium sector certainly seems to be coming alive, sparked by Tesla's share price rise, but particularly by Tesla's recent offtake agreement with Piedmont Lithium sending the PLL share price from 9c to 60c in three weeks and has gone from 1.5x SAV mkt cap to 10x.

Savannah is very very similar to Piedmont in scale and type of operation. Piedmont have recently included plans for a hydroxide plant though so are one step ahead in that, including the much higher capex to get that off the ground. You could say SAV are Europe's Piedmont, but we are awaiting an offtake with the likes of VW or similar who may, like Tesla, also want to backwards integrate their EV manufacturing process to include lithium mining, to reduce the cost of the raw materials.

This is a great listen on all of that including mention of SAV -

[jotoha2] 07/10/2020 10:03

This is such a frustrating stock , still stuck in the mud while BCN is now 2nd in the leader list , up 75% in a matter of days , come on Archer you are in a loved sector but going nowhere !!

[ged5] 07/10/2020 10:01

Has the perennial failure got lucky with Mina do Barroso?

They may just be in the right place at the right time.

This video they tweeted is worth a watch after the first few seconds (American presenters ask yourself - Why?):-

[ukgeorge] 06/10/2020 12:26

Okay thanks, fingers crossed that news comes along and is a catalyst

[ged5] 06/10/2020 12:18

I mentioned earlier that I didn't expect any news from the EIA until April next year that's why I'm hoping for news about Mutamba.

They've got the licences; they've got the cash, get on with it. The PFS drives SAV's percentage share from 20% to 35%. I'm sure that would have big effect on the share price

[ukgeorge] 06/10/2020 12:04

Thanks.

"Before that, there is still a long way to go: until the end of November, the process of answering the doubts raised by the Portuguese Environment Agency to the Environmental Impact Study (EIA) presented by Savannah on May 30 is underway, after which the document will follow for public consultation. After that, it will be up to the APA to issue an Environmental Impact Statement (DIA)."

This sounds like it is going to take several more months even years... and without it is likely impossible to get any off take agreements, funding.

The EIT should be helping companies like sav, if they actually want a European supply chain.

Okay this is nothing new but it is really difficult to hold these.

By the time sav even gets permits to mine there will likely be more shares in issue than there are grains of sand in the Sahara desert