Savannah Resources Share Discussion Threads

[sc2000uk] 29/4/2021 12:38

If it is agreed that SAV is heading in right direction on MdB approval, then an Open Question would be what Mkt Cap are people expecting? 200M, 300M, 500M or more?

Ignoring the dilution element for now, is there at least an agreed MC based on mine having approval?

[goodday1] 29/4/2021 11:44

More like 2 years.The important thing is how many shares we will have by then?Diluting Dave!

[ukgeorge] 29/4/2021 11:37

Reba, perhaps we can hire that sheep farmer? I totally disagree that we need a local.

THis should be a great year for SAV, yes DA is annoying but we are heading in the right direction.

[reba] 29/4/2021 11:27

Ged5
I appreciate what you say but all you have indicated are future proposals.
My question was, what has he achieved in his career to date.
I also question one I made earlier. To get a local person in charge who knows and understands the workings of the government systems, can speak the language, and negotiate on level terms. Not some waffling foreigner trying to control their mining industry.
We in the uk are experiencing this sort of problem i.e. steel industry as one example.

[jimbomorry] 29/4/2021 11:09

Thank heavens Ged5. Excellent objective and evidence based post. Wonderful antidote to all the moaning and groaning we seem to have had in recent days.

[ged5] 29/4/2021 10:40

I really don't know what you mean, Reba. ;))

"Earlier this year Savannah Resources completed a Scoping Study on Mutamba that indicates excellent life of mine financial returns with relatively modest capital requirements. The company is targeting first production from Mutamba in 2020."



OR
One of the significant advantages of the Mina do Barroso project is the approved Environmental Impact Assessment and Mine Plan to remove approximately 7Mt of lithium, quartz and feldspar from seven pegmatites within the approved mining licence. The term of the current licence is 30 years: commencing in 2006 and expiring in 2036.



The approvals would need to be modified for the extraction of additional material and to build a plant specific to lithium processing, with this process expected to take in the order of 6-8 months as the changes are an amendment to the existing approvals.



I could go on but life's too short.

On the plus side:-

The Minister of Environment and Climate Action, Matos Fernandes, told the Politician this Wednesday that the Government will cancel the controversial lithium mining project in the Montalegre region, in the north of Portugal. "Right now I see the possibility of having a lithium mine in Montalegre as very unlikely," the official said in statements to the Politico .

At the same time that the Portuguese government seems to have given up on the lithium project in Montealegre, says Politico , another lithium exploration project is advancing in the region, according to the Portuguese Minister for the Environment. Matos Fernandes confirmed that the project by the UK's Savannah Resources group to develop the 680-hectare Barroso mine project, near the village of Boticas, is now under public consultation on its environmental impact study.

“Without being able to predict the results” of the study, Matos Fernandes said he applauded the professionalism of the Savannah Resources proposal , which in the meantime reached an agreement with the Portuguese oil company Galp Energia “regarding a strategic investment proposal and alliance in the lithium field around the Lithium project at Mina do Barroso in northern Portugal ”.

The agreement provides for Galp to obtain a 10% stake in the Portuguese subsidiaries of Savannah that own Mina do Barroso for 5.3 million euros and in the future will have half of the lithium extracted there: about 100 thousand tons per year. "There is a big difference between this promoter and the relaxed attitude shown by others."

[reba] 29/4/2021 09:10

Doubting his capabilities. Has he had any success in his career.? Does he know how to take a company through the various stages onto a positive production programme.
Looks as though he doesn't, and just sits on the fence all day taking his salary and doing nothing in return.

[broncowarrior] 28/4/2021 18:06

Don't agree with that because you are forgetting RIO is heavily involved in Moz. Let's face it, small companies like SAV at this stage of their life have zero revenues so can't get bank funding. As a result they have to keep diluting to generate cash to carry out the next stage of a project. It also means everything takes ages but I'm keeping the faith.

[goodday1] 28/4/2021 17:25

From LSERE: Today (28/4/2021) 16:58Moz will go exactly the same way as Oman. Need to be baking 0.00p into the share price for Moz. It'll be calved off to someone else for a few bob on the promise that SAV will get a negligible royalty in many years time. Let it go. DA needs to go and be replaced by someone with more energy and less slippery language.

[ukgeorge] 28/4/2021 10:36

Platts Battery Metals assessment
99.5% Lithium Carbonate CIF North Asia: $13,000/mt + $500/mt
99.5% Lithium Carbonate DDP China: Yuan 88,000/mt +/- 0
56.5% Lithium Hydroxide CIF North Asia: $13,500/mt + $500/mt
56.5% Lithium Hydroxide DDP China: Yuan 84,500/mt + Yuan 2,500/mt
6% Spodumene Concentrate FOB Australia (March): $635/mt +/- 0


Lithium prices still heading up fingers crossed SAV joins the party

[goodday1] 28/4/2021 09:35

OkWhere is the effort/money gone in Oman?Where is the money gone in Finland & Moz?What shareholders value served from DA adventures!I was an LTH & realised DA ways of operating & waited for This is Money 2 yearly pump and sold on the last spike, since then, I have traded SAV.If you hold for long you get diluted & you have to keep averaging down otherwise you will never make money with DA way of operating.Waiting to see what we are going to get for Moz.Let us hope not FA

[sc2000uk] 27/4/2021 17:44

Seriously GD...placing was last week, not 2 weeks ago. The 3p is just about in the 3's not exactly deep into the 3's.

As for the spending money, if you look back at the cash burn rate in 1/2 year accounts and the cash balance following the amount raised in Sep 2020, then actually the requirement for raising new funds last week was about on schedule.

I think we underestimate how much the EIA/APA process has cost. This will hopefully be money well spent, in terms of having a top rate ESG mine approved.

I can't say I was happy about the placing price, but I move on. Look for the positives, and always accept risk when investing. If I wanted to make sure I got back every money invested, I'd happily take the 0.1% most banks are offering.

[flc] 27/4/2021 13:03

An accelerated book build at a heavy discount obviously means they needed the cash pronto. I'm sure a key part of Galp's due diligence is ensuring SAV has adequate funds in place to uphold their part of the bargain so hopefully it may have been the final piece of the contractual jigsaw. If that's the case then it will be very disappointing if we don't get an update on Galp within the next few weeks which would hopefully give the share price a leg up.

[goodday1] 27/4/2021 10:26

Compare & contrast placing DA & IRR.DA spends money like Johnson & worries about anything.Is this the last placing for DA?Now we are at the 3s & only 2 weeks since the placing.

[reba] 27/4/2021 09:47

UKGEORGE
I agree. the way DA did it on SAV is criminal shaving 20% off the current price.
The shareholders did't have a chance and lost out big time.

[ukgeorge] 27/4/2021 09:23

My other main lithium play did a rights issue today Ironridge IRR.

Current share price 21.5p new shares 60M at 20p. That is how it should be done.

[broncowarrior] 23/4/2021 13:27

Re construction, that is going to host 100mm and will require project funding. There maybe some dilution for that but dilution won't pay for the project so people should rest easy on that side.Agreed 2023 optimistic given current rate of progress. To be fair COVID has delayed further exploration and timelines generally.

[ukgeorge] 23/4/2021 12:30

Platts Battery Metals assessment
99.5% Lithium Carbonate CIF North Asia: $13,000/mt + $500/mt
99.5% Lithium Carbonate DDP China: Yuan 88,000/mt +/- 0
56.5% Lithium Hydroxide CIF North Asia: $13,500/mt + $500/mt
56.5% Lithium Hydroxide DDP China: Yuan 84,500/mt + Yuan 2,500/mt
6% Spodumene Concentrate FOB Australia (March): $635/mt +/- 0

[ukgeorge] 23/4/2021 09:24

2021 targets & achievements
 Galp HoA
 Finalise Galp agreement
 EIA approval and progress
licensing
 Complete DFS
 Present Community Benefit
Plan
 Participate in Portugal Li
tender and target Spanish Li


2022 targets
 Finalise commercial
arrangements for MdB
 Secure project funding
 Commence construction
 Commence wider lithium
exploration on Iberian
Peninsula


2023 targets
 Complete project
construction
 Project commissioning
 First spodumene concentrate
 Continue wider Iberian Li
exploration and evaluation

Interesting how Fortescue has loads of lithium tenements last slide of the presentation. Perhaps they might buy Savannah in a year or two

[fatnacker] 23/4/2021 07:48

Bit of salt in the wound rns.