Savannah Resources Share Discussion Threads

[flc] 20/4/2021 17:46

...will be topping up in the morning.

[flc] 20/4/2021 17:41

I'm staying positive. Clearly, the purpose of an ABO is to raise cash quickly and more than likely so they can finalise the deal with GALP who are investing £6.4m in this project. The announcement states that the bulk of the funds are to be used for Portugal so hopefully it's a way of accelerating proceedings and moving us to production. We may dip a bit tomorrow but I'm staying upbeat and think the share price will tick up nicely from here.

[goodday1] 20/4/2021 17:32

Well, 250 million at 20% discount.To top it up, DA doesn't say this raise will take us to production.Let us hope the share price doesn't meet the placing price!I halved my holdings on the last RNs, which was completely lucky for me.On the last spike, I have sold out & traded SAV till now after been a LTH for years from

[highly geared] 20/4/2021 17:27

Got to love Archer....
The DFS that’s forever in progress
The forever dilutive placings to further progress this n that ...
Will he ever deliver an actual project to production?

[ukgeorge] 20/4/2021 17:15

Very annoying, I thought given Galp were going to invest in the project that this risk was reduced.

[goodday1] 20/4/2021 17:02

What do you think now?DA must go.

[goodday1] 20/4/2021 17:01

DA MUST GOSimple

[goodday1] 20/4/2021 16:32

Only 70,877,777 million left to go by Lombard Odier Asset Management (Europe) Limited on 14/01/2021.The 500K a day seller

[ukgeorge] 19/4/2021 15:09

edging into breakout territory :)

[ukgeorge] 19/4/2021 11:42

SP ANgel view

Savannah Resources* (SAV LN) 5.4p, Mkt Cap £77m – APA declares conformity of EIA
BUY – 11.5p

• Agencia Portuguesa do Ambiente (APA), the Portuguese environmental regulator, confirmed the Company’s EIA documentation to be in line with its requirements.

• The approval process will now move to a public consultation stage and a detailed review by APA’s Evaluation Committee.

• The public consultation is due to start this month and expected to run not less than 45 working days.

• Following the consultation and the APA review, the Company is expecting to receive the Environmental Impact Declaration (DIA) in August 2021.


Conclusion: Portuguese environmental authorities decision allows Mina do Barroso lithium project permitting to progress onto a next stage involving public consultation and a detailed review by local environmental authorities with the Environmental Impact Declaration (DIA) expected in August 2021. The DIA should be viewed as a major milestone in the overall environmental permitting process. Other licences covering construction, explosives, water, etc are all important and will need to be agreed for project development but should be achievable once the environmental licence is in hand. The Mina do Barroso lithium project is set to benefit from growing demand for lithium compounds used in batteries to fuel transportation electrification with Europe forecast to be #2 largest EV market in 2030 and the fastest growing market in terms of new battery manufacturing capacity over this decade.

*SP Angel acts as Nomad to Savannah Resources

[broncowarrior] 16/4/2021 21:49

This is excellent news! News at noon is always missed. The environmental focus is key. Environmental focus, local jobs and tax revenue, a winner for the government so this should happen.

[goodday1] 16/4/2021 13:44

Laugh emoji Lol

[sc2000uk] 16/4/2021 12:56

So did Dave C give Port Govt a call for us :-)

[flc] 16/4/2021 12:36

Just a shame it came out when everyone pre occupied with sparking up end of hols BBQ!

[ukgeorge] 16/4/2021 12:19

Fingers crossed for a close over 5.55p, which should then mean the breakout is on. I think 7-8p is a reasonable target for the price assuming the chart formation holds.

Great news lets hope there are plenty of other bits coming along

[ukgeorge] 16/4/2021 12:10

David Archer the star :)

[gepetto100] 16/4/2021 12:07

Great RNS - consultation should end August then all speed ahead

[sc2000uk] 15/4/2021 11:33

Hi Ged5.....I don't post on here that much (as you can tell), more on LSE (TB). I think the GALP deal (subject to DD) will be a turning point.

IMOA For 2021, just having EIA/APA concluded will be a result. As you say, hopefully GALP can push things along where possible.

Maybe we should ditch DA and get Dave C (ex PM) he seems to know how to get a few deals progressing :-)