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SAV Savannah Resources Plc

3.35
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Resources Plc LSE:SAV London Ordinary Share GB00B647W791 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.35 3.30 3.40 3.35 3.35 3.35 413,294 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.86M -0.0016 -20.94 61.24M
Savannah Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SAV. The last closing price for Savannah Resources was 3.35p. Over the last year, Savannah Resources shares have traded in a share price range of 1.58p to 5.05p.

Savannah Resources currently has 1,828,150,084 shares in issue. The market capitalisation of Savannah Resources is £61.24 million. Savannah Resources has a price to earnings ratio (PE ratio) of -20.94.

Savannah Resources Share Discussion Threads

Showing 6176 to 6200 of 9125 messages
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DateSubjectAuthorDiscuss
01/3/2021
12:46
I'm hoping to have one last top up before it rockets :)
ukgeorge
01/3/2021
12:27
Double top forming?
desflurane
28/2/2021
13:46
Much like Easter, potentially a bit of a moveable feast. Might have been March last year but was May the previous.It would be a good opportunity to give an update but they may prefer to couple with further info such as Galp DD, conformity and EIA which likely to be later than next couple of weeks. How I would love to be wrong.
inbrackets
28/2/2021
07:23
Finals are out in a couple of weeks so hopefully an update on progress across the board.
flc
27/2/2021
11:39
Sev22, thanks for posting the article.

Sheldon, my thoughts are that the EU is determined to secure as much lithium as they can for their EV strategy. Batteries are going to be needed and until an alternative to lithium batteries are tried and tested SAV are well placed.

Galp agreement signed.
EIA approved.
Mining licence amended
Production 2023

Lots to look forward to from the company. Let the others get on with processing plants.

I'm not sure about some of those big trades. There seem to be more big buys than sells yet there's a slight drift. That double top is a slight concern and maybe a top-up time is approaching.

Last week of on-line live lessons for my grandson. We'll miss him.

ged5
25/2/2021
09:20
Are we entering a commodities supercycle? And what does it mean for small cap investors?https://total-market-solutions.com/2021/02/are-we-entering-a-commodities-supercycle/
burtond1
25/2/2021
08:52
Today's 4.85 are buys
gepetto100
25/2/2021
08:26
SAV get a mention in another positive article in this week's Investors Chronicle.

UK-listed lithium prospects firm up.

After a false start three years ago, prospective producers appear to be on steadier ground.

Picking major technological shifts doesn’t always equal huge investment gains, just ask any investor who put money into the dotcom boom two decades ago. A more recent example is from 2016 and 2017 when the automotive industry’s move from the internal combustion-engine to electric vehicles (EV) seemed a lock, and the mining industry jumped on board.

The following years have largely proved that thesis. Major carmakers and governments are behind this shift and by the end of this decade EVs will dominate new car sales. But investors who initially dived in were left with large losses by 2019 and London companies struggled to get financing for mines. Lithium, cobalt and graphite prices also crashed as 2017-2019 supply overwhelmed demand.

However, share prices are now back up, cash is flying in for mines to be built and new players focused on lithium, graphite, nickel and other EV-exposed raw materials are arriving.

What do we need?

Lithium, graphite, nickel, manganese and cobalt are key ingredients for lithium-ion batteries while copper and rare earths are also needed in large quantities for EV cars. Other demand drivers are stationary batteries, which are used as part of renewable energy systems.

As we explored in our recent feature on EVs (‘Race to Riches’, 28 Jan), demand has shot up in recent years and is expected to grow even more sharply over the next decade. Spending on passenger and commercial EVs and electric buses climbed almost a third to $133bn in 2020, according to Bloomberg New Energy Finance, led by passenger car sales.

Looking ahead, Benchmark Minerals Intelligence forecasts almost 200 battery “megafactories” will be built in the next 10 years, more than doubling the existing number.

These factories are largely found in China, Japan and Korea, although capacity is slowly building in Europe and North America.

Bacanora Lithium (BCN) offers a perfect example of the past five years in the battery metals sector. The company quickly rose from Aim tiddler to promising lithium option in London in 2016. Bacanora’s key prospect is the Sonora clay lithium deposit in Mexico.

Construction at Sonora was set to begin in 2018 but a $100m equity raise was withdrawn three days after it was announced. The weaker lithium price and a large uptick in supply from Australian mines had scared off investors, causing its share price to fall from 137p at the start of 2018 to 25p a year later.

But now site preparation has begun for the build, the share price hit a two-year high last month and production is looking likelier from 2023. Fellow Aim-listed Savannah Resources (SAV) is working on a mine in Portugal to supply European carmakers but is not as far into the development timeline as Bacanora.

The forces driving the renewed interest in the sector are simple.

“You've seen a significant increase in uptake in EVs in the last six months, and also you've seen the Europeans move down that EV path,” says Bacanora chief executive Peter Secker.

“Tesla is building plants all over the world, which is great. And the Chinese are still moving down that route. They will be electric before the rest of the world.”

Lithium has a range of pricing markets, based on how close it is to the product battery manufacturers need. Australia, which along with Chile is a major producer of the mineral, largely exports ore to China given the limited local processing capacity. This spodumene feedstock has not seen as much of a price improvement as lithium carbonate or hydroxide, or the battery-grade chemical product that is another stage removed from ore.

Benchmark said the battery grade lithium carbonate price climbed over 40 per cent in January, to $9,450 a tonne (t). The price increase was less dramatic for raw materials, with spodumene up just 6 per cent in the same period.

Lithium miners in London largely plan to sell a product one or two stages removed from the ore they extract from the ground. Bacanora, likely the first locally-listed miner to reach production, will sell a battery grade product from its own processing facility.

“We are going to try and avoid the pitfalls of being at the mercy of the converters, and sell to the downstream consumers, which are the battery manufacturers, and the cathode manufacturers, which is obviously a much, much larger market,” says Secker. The convertors are largely the Chinese companies that buy up lithium ore or concentrate.

sev22
24/2/2021
13:20
Pretty clear we have a large buyer that's been accumulating over recent weeks, an ideas who ?

The seller (I assume Lombard) is providing the liquidity, it looks to me like an orderly exchange of stock at a pre agreed level.

sheldon osaka weston
23/2/2021
16:56
Cheers Ged

I wonder how and where the refinery fits in now after the announcement of Portugal & Spain working together on a cross border project. Does that mean it won't be in Lexios on the old Galp site ? Some EU funding coming to build something more central ?

sheldon osaka weston
23/2/2021
16:01
Thanks for posting the whole article, Sheldon.

“Our own site in Portugal will be operational by 2023 and we believe Portugal will be a major EU lithium hub,” says Archer.

I hope he's going to deliver on that statement and it's not false optimism.

By the way they don't allow links on ADVFN unless you subscribe. One way around that is to put a capital H.

Then your link can be accessed with a single click:

ged5
23/2/2021
14:40
Another article released yesterday;

hxxps://pemedianetwork.com/transition-economist/articles/electrification/2021/lithium-price-surge-fuels-mining-innovation

Lithium price surge fuels mining innovation

Demand from electric vehicle manufacturers and potential to provide batteries for renewables-powered grids ensures demand remains high
Lithium prices reaching an 18-month high has spurred investment in new methods of mining that are going to shake up geopolitics and revitalise Europe, according to David Archer, CEO of Savannah Resources.

“The immediate effect of the rise of lithium prices is that it improves equity capital market’s sentiment to lithium production,” Archer tells Transition Economist. “There is a flood of capital being offered to producers, which is good, because there is a lot of catching up to do and we are looking at a spike in demand.”

Archer predicts that lithium production and the electric vehicle (EV) manufacturing and supply will supercharge Europe’s economy. “It has huge benefits economically and politically,” he says.

“Europe has a big industrial base, it is a globally significant car manufacturer looking to make the transition to EVs, and it has a population base that is very intent on products with a low-carbon footprint. Europe can now compete head-to-head with China in the EV space, while the US is a poor third in the energy transition.”

The access to the raw materials is key to any country’s success in the lithium market. While 60pc of lithium comes from hard rock mining, in the last ten years lithium has been produced by ground water brines in South America. This is a troubled industry because of local political instability and the fact it is not the most eco-friendly method, due to its high consumption of water. The way forward, says Archer, is with a newer method of brining that takes it out of fractured rock systems underground, using geothermal methods.

The lithium hydroxide plants announced in Europe, which will use this new way of brining, will challenge China’s dominance. “Our own site in Portugal will be operational by 2023 and we believe Portugal will be a major EU lithium hub,” says Archer.

“There is a certainty of supply, being part of the EU, and being able to produce the raw materials reduces the carbon footprint. China imports it [into Europe], incurring a carbon footprint of tens of thousands of kilometres. This will give us an advantage with car manufacturers that want to be carbon neutral. They will start looking at their entire supply chain and interrogating upstream suppliers about their carbon footprint.”

Being able to product lithium locally will facilitate far greater electrification in the future, according to Archer. “Countries will be able to take back energy sovereignty and no longer be dependent on other nations for their fuel,” he says.

“It will also have a big impact on developing nations that were not happy with the Paris accord, as they felt it was holding them back from implementing the wide scale industrialisation and economic success that the developed world had enjoyed. Lithium brining gives them a chance to leapfrog the whole fossil fuel process and go straight to renewables.”

sheldon osaka weston
23/2/2021
10:12
Well as usual the article brought a few extra trades this morning but really I saw it as a written report of Alastair Ford's excellent interview.

Whilst we wait for the conclusion of the Farview strategic advice about Mutamba and the finalisation of the agreement with Galp there may be one or two opportunities to add to our holdings.

Still several ifs but there is so much potential here.

FLC it's almost four years since the scoping study at Mutamba. Why the prolonged wait is anybody's guess. Total mystery to me. Perhaps it doesn't matter when you're creaming off £300K plus each year!

Anyway all the info is on the website. Make up your own mind.

ged5
22/2/2021
19:45
Excellent, thanks Mavern. Can anyone take a punt at the value of the Mozambique asset..hopefully we will be getting an update soon in terms of what their intentions are.
flc
22/2/2021
19:36
Yes very informative coverage Sev. I don’t think the market really had time to digest it in the remaining hour or so after publication. Maybe the closing UT trade of 5.30 gives us a clue as to the share price direction tomorrow?
mavern
22/2/2021
19:11
Thank you Mavern.

What excellent coverage for SAV, especially being highlighted in a national publication.

This was only published at 3.00pm so a lot of PIs should see the article in the next 24 hours.

I see finnCap recommended a target price of 10.2p for SAV on the 5th of February so we are only just getting started here (100% potential upside).

sev22
22/2/2021
17:20
From the LSE board ...
mavern
21/2/2021
15:47
They are discussing Sav Energy not our Sav Resources
cotto1g1
21/2/2021
14:52
Malcy and Doc chat SAVhttps://total-market-solutions.com/2021/02/malcy-talks-oil-gas-xxiv/
burtond1
18/2/2021
18:34
The article is behind a pay wall so I have cut and pasted the part of the story relating to SAV.


Battery Boom Round II

By the time it was clear EVs would eventually replace ICE vehicles – around five years ago – a mad rush saw prospectors scramble to get their hands on plots of land with the slightest hint of battery metals. The key materials for EV batteries are lithium, nickel, graphite and cobalt. Different battery styles use these in varying proportions.

As the boom began in 2015 and 2016, old nickel projects with trace amounts of cobalt were held up as solutions to the world’s reliance on supply from the Democratic Republic of Congo (DRC), while tiny markets like graphite were overwhelmed because new supply came far too early. Former gold and copper explorers also swiftly jumped on the lithium bandwagon.

A few years ago, analysts predicted some or all of these metals would soon be in short supply. Miners reacted accordingly, and the prices for all of these metals bar nickel crashed. Cobalt went from $90,000 a tonne in 2018 to a third of that within a year – where it stayed – while new lithium mines in Australia were suspended or had production cut soon after opening because of the glut of supply. Investors in this first wave either picked the bubble and got out, or stayed for losses of around 80 per cent between 2018 and 2020.

Some, like Pilbara Minerals (AU:PLS) and Neo Lithium (CA:NLC), have now eclipsed their 2018 highs, but others such as Bacanora Lithium (BCN) and Savannah Resources (SAV) on London’s Aim market are not there yet. The biggest casualty of the crash was Nemaska Lithium, a Canadian hopeful that drew in mainstream investors like SoftBank (JP:9984) but collapsed in 2019. It has since been taken private, but the process saw shareholders lose everything.

Now we are coming into the second ramp-up of the energy metals space. The company valuations could be more solid this time, given the increase in EV uptake and governments around the world bringing in bans on ICE vehicle sales. Lithium and cobalt prices have already picked up. Mining and refining company Sumitomo Metal Mining (JP:5713) predicts that the overall size of the battery materials market will go from around $20bn in 2019 to $36.6bn in 2025.

An EV battery with current ‘nickel manganese cobalt’ chemistry – called NMC 622 – requires just under 2 kilograms of metals per kWh, largely nickel and copper. A standard new VW ID.3 has a 58kWh battery, so these volumes are already significant.

It may not be a smooth ride to EV supremacy for the miners, however. Once they reach production, they become part of a complex supply chain that requires midstream processing and demand from battery manufacturers. The traditional route of juniors could also be at risk as midstream companies get more and more involved in the development process. Elon Musk has even said Tesla would build its own lithium mine in the US.

The changing expectations of consumers also means supply chains will come under greater scrutiny than ever before. Savannah chief executive David Archer told Investors' Chronicle that this works in his company’s favour, given its proposed mine is in Portugal.

“The real challenge for the cell manufacturers is securing a reliable, low-carbon footprint supply of battery metals and preferably from a supply source that has suitable provenance,” he said.

“Producing lithium in Europe is a whole lot more appealing [for the European manufacturers].̶1;

But the midstream part of the industry, where the lithium is processed into the precursor chemical form needed by battery manufacturers, is not yet developed. Mr Archer said that by the time his mine is in production in 2023, there will likely be local demand. The company also needs to get through the financing stage.

Finding the $100m or more needed – an updated figure will come in this year’s feasibility study – will be helped by possible new investor Galp Energia (PT:GALP), which this month signed a heads of agreement to take a 10 per cent stake in Savannah’s project, Mino do Barroso.

Savannah is not the most advanced lithium company in London, but there is not a competitor far enough ahead that lithium production will come this year. Bacanora Lithium has had a project ready to build for some time, but was trying to raise its build costs just as the lithium market was tanking, and now Ganfeng Lithium (HK:1772) is redesigning its mine and plant in Mexico.

London’s lithium options are limited compared with the Americas, Asia and Australia. In the Americas, that means Albemarle (US:ALB) and Sociedad Quimica y Minera de Chile (US:SQM) – which is a top 10 holding of BlackRock Frontiers Investment Trust (BRFI) – and in Australia, the hard rock miners that flooded the market from 2017 include Pilbara Resources and Mineral Resources (AU:MIN). China, Japan and Korea offer more midstream and battery maker investment opportunities.

There are also some investment angles within the diversified majors. Rio Tinto (RIO) is working towards an investment decision on the Jadar lithium mine in Serbia, which would blow European demand out of the water. It would only be in production near the end of the decade, however. Glencore (GLEN) is in a powerful position through its cobalt production in the DRC, while its copper and nickel production are also critical for the energy transition.

Cobalt production in the DRC is one of the most widely known difficulties of the sector, because of child labour on the artisanal side of the industry. It’s not squeaky-clean on the industrial side in the DRC, either. In early 2019, a truck full of acid on its way to a Glencore mine crashed and killed 21 people. There are also the various investigations into Glencore behaviour taking place in the UK and US if an investor is keen to include environmental, social and governance (ESG) factors as part of an investment decision.

The stable, midcap, dividend-paying miners that are present in London in the gold and copper sectors just aren’t there for energy metal pure-plays. The safer option, then, is picking out a fund or ETF with overseas exposure and a high-risk, high-reward option is a dive into the speculative junior mining space.


‘The electric decade’

EVs may seem like just the hot investment topic du jour, but this is really a long-term trend that will continue to generate exciting opportunities for investors as it unfolds over the next 20 years or so – not just in terms of the EV makers themselves, but across a wide variety of sectors.

“What we'll probably see over the next three to four years is that electric vehicles will move from being justifiable to an enthusiast, to being an absolute no brainer for more people,” says Mr Pye. “I think we're really still at the beginning of what may be the electric decade.”

sev22
18/2/2021
18:14
'Race to Riches' (this investment article appeared in the IC edition 28th Jan 2021).

Picking the winners of the electric vehicle.

revolution

*Sorry if this has already been posted*

sev22
18/2/2021
07:54
"The above events would cause a frenzy of excitement toward the EV sector and EV metal miners in H2 2021"

Good article here;

sheldon osaka weston
17/2/2021
20:14
Would not be at all surprised if Mozambique lights the torch paper on this one. A very bullish statement in the last interims and reference to Kenmare (kMR) another mineral sands play in the same territory benefiting from rising ilmenite prices. KMR share price has had a great run over the past year.
flc
17/2/2021
18:42
thanks Ged
sif12
17/2/2021
17:58
Hi Sif12,

I only just updated the header today but didn't check the scroll box, so thanks for pointing that out. It's still unclear what will happen there. Personally I would like SAV to complete the PFS and get 35%. We should get an update soon.

One of David Archer's failings is that he was often optimistic with his deadlines. It's been mentioned several times on this thread. Many of us became disillusioned and several sold most of our holdings or completely sold.

Today we are on the cusp of some very exciting times. Confirmation of the agreement with Galp should be the trigger to move the share price higher. Then the EIA publication and support from the Portuguese Government which I expect in April but could be earlier.

I think the Alastair Ford interview in Sev22's post, highlighted with a PlusOneCoin, is the best summary of where we are today.

Here's another of his interviews about the lithium market. SAV gets a mention towards the end.

ged5
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