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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 0.0% 4.50 4.40 4.50 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.9 -0.6 - 76

Savannah Resources Share Discussion Threads

Showing 6351 to 6368 of 6975 messages
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DateSubjectAuthorDiscuss
21/4/2021
09:48
An extract from a detailed Broker note released this morning (free access). Savannah has raised c.£10.3m to progress its flagship lithium project Mina do Barroso. Use of proceeds are: 1) £5.2m into Mina do Barroso:  £2.1m – build Owner’s team and fund Portugal activities.  £1.7m – land acquisition in the Mina do Barroso area.  £1.0m – drilling for resource expansion and resource upgrades.  £0.4m – study enhancements. 2) £2.0m into footprint expansion on the Iberian Peninsula – acquiring/bidding for new lithium prospective ground. 3) £1.7m into renewable initiatives, corporate G&A, business development. 4) £1.1m into Mutamba Mineral Sands – update technical studies, licence fees, prepare for possible corporate action. Lithium price recovering – The lithium price has performed extremely well in recent weeks. YTD 6% spodumene concentrate is up 68% and lithium carbonate up 67% (see p4). This bodes well for the lithium price, Barroso’s cashflow potential and value. Carbon neutral product – Mina do Barroso is the right commodity at the right time. The project is also favourably located in north Portugal, close to locally produced hydroelectric power, with solar and wind power also potentially sourced from within Portugal. Barroso could feasibly produce a near carbon neutral product. Barroso’s work programme – The next 12 months will be busy for the Savannah team. On the technical and ESG side, Savannah is progressing the Mina do Barroso definitive feasibility study, as well as environmental and social programmes. The DFS work will include metallurgy (underway), resource drilling and upgrades, mine scheduling, economic modelling and detailed engineering design. Valuation – We have updated our valuation to account for the new shares in issue. Along with other small adjustments, this moves our target price to 9.8p. Outlook – Savannah’s shares have performed well, driven by the EV theme, the Galp Heads of Agreement and lithium price recovery. Near-term catalysts include signing the Galp investment and offtake agreements, EIA approval and lithium prices.
sev22
21/4/2021
09:38
Added 103,274 @ 4.062p. #When will I learn. Must remember to sell.
ukgeorge
21/4/2021
09:14
Anger driven down-selling after discounted placings is almost a given these days until the placing price is matched or even lower. But the amount of dilution doesn't justify the size of drop and the balance sheet is stronger. Not saying DA shouldn't have done better, he should, just that it seems illogical to sell sometimes.
paleje
21/4/2021
07:53
This is how the Trumpian gullible think!From LSEGet a gripToday 07:42If you read this mornings RNS it's clear to see that this is a significant turning point and a very positive move.Moz is 100% going to be spun off and listed on ASX, that will create shareholder value.More importantly we are very clearly going after more areas in Portugal, aggresively acquiring more lithium assets can only be a good thing.
goodday1
21/4/2021
07:24
Completely missed this news yesterday. 4p again and no opportunity for retail shareholders of course. Use of the money also pretty vague.
broncowarrior
20/4/2021
22:45
DA lap dog on LSE.Been ripped off & still grateful, you can't make it up!RE: £10.3 million today 22:41This is significant......."conducting further exploration on the Project" raise £10M to generate £100M works for me, frustrating as we have consolidated arund 5p yes but don't lose sight of the bigger picture.
goodday1
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.
flc
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
goodday1
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?
highly geared
20/4/2021
17:15
Very annoying, I thought given Galp were going to invest in the project that this risk was reduced.
ukgeorge
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
goodday1
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
ukgeorge
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.
broncowarrior
16/4/2021
13:44
Laugh emoji Lol
goodday1
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