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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
  0.04 0.89% 4.54 4.50 4.60 4.85 4.50 4.50 13,036,413 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.9 -0.6 - 77

Savannah Resources Share Discussion Threads

Showing 6376 to 6396 of 6975 messages
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DateSubjectAuthorDiscuss
22/4/2021
10:08
Here what you say gd1. I wonder if this will become much bigger than him now though with all the Portuguese and European stakeholders.
jimbomorry
22/4/2021
10:00
I am not a fan of DA.He spends money like it is going out of fashion.The man very much highly paid & rewarded.We had Oman, Finland, the heavy sand project & Portugal.Each project cost millions & millions of placing ££££s.When do we say enough is enough
goodday1
22/4/2021
09:25
Gd1, none of us can read the future, not even the Lse board. IMHO betting against SAV and Li now would be like betting against the internal combustion engine in 1900. Chance to get in on this at the GF at 4p. Patience required though as always for the medium to long term hold. Good Luck.
jimbomorry
22/4/2021
09:22
Here we go on the slow haul back to 5p and hopefully above. The drop took 15min if that. With three or four programmes on the go, and all needing funds to develop and progress, this could happen again if they all get the go ahead at the same time. Next time instead of giving shares to the select few let the shareholders have a bonus, the ones who have supported the company from the start.
reba
22/4/2021
08:53
I hope you are right FLC, but sadly I think it will be at least a couple of months possibly more. goodday1, why are you so negative, are you massively underwater or just a long suffering holder/a mixture. Surely now we should just be getting a steady flow of good news.
ukgeorge
21/4/2021
21:36
From LSEExcuses, excuses...Today 19:13So sad to see LTI's continuing to make excuses for every failed promise with assertions that the next RNS will be the big one. As I said just the other day (and got derided for it) DA will dilute SAV out of sight. The MC may become MUCH bigger but the share price is going nowhere. Some trading opportunities on potential future spikes here, but there's no long term multibag to be had. If you're not sitting on free shares or looking to trade on spikes, look elsewhere for growth. This isn't even a Jam Tomorrow story anymore.
goodday1
21/4/2021
21:35
From LSERE: Excuses, excuses...Today 20:47Yep must confess to being pretty pi.... off. After the previous RNS and previous suggestions from DA of no further dilution I was one happy camper, but this really feels like a kick in the goolies at the moment. DA sits infront of a picture of VW EV every video cast yet hasn't taken any offtake money input? Why? Really feel PI's being screwed here. As a very LTH I keep advocating all the positives (of which there are many) but one can only be patient for so long. Taken huge 'paper' hit today despite selling large chunk the other day, which was just good luck as I needed funds. Just wish I totally sold out now, can make far more with less risk far quicker elsewhere. Those buying in now I am sure will do well, but after 5 years here now patients are wearing thin, will be sriously reviewing my position. Feeling very let down by board at present, I don't think they are looking out for their loyal LTH's. Bit like Super League..not sure they have got things right.
goodday1
21/4/2021
19:51
Will be surprised if we're not above 5 in the next week. All systems go from here and well done those that got in on the 4p placing.
flc
21/4/2021
18:11
Roll on some good news flow over the rest of the year. I expect it will take a few months to get back to 5.5p but the thematic remains the same, my main fear is that DA just screws the share holders on multiple more occasions.
ukgeorge
21/4/2021
11:14
Thanks IB. Kaa does it every time for me. Better go and get some fresh air to wake up!
ged5
21/4/2021
11:02
https://twitter.com/proactive_UK/status/1384797067034378243DA interview
inbrackets
21/4/2021
10:54
I made a very small top up at 4.03p. at least was able to add in close to placing. overall strategy is still there/ in play. Sure that 10m has a nice bit of fluff for management- but placings generally do.
sif12
21/4/2021
10:49
The placing was significantly over subscribed which means that the placing price was well below a realistic placing valuation. A 20% discount is ridiculous given interest in battery metals. A 10% discount would probably still have achieved the funding objective. Seems our board are very naive and not well served by their brokers.
robertjbeck
21/4/2021
10:01
Thanks for that Sev. Those numbers don't add up.
ged5
21/4/2021
09:58
I'm sorry to hear about your big paper losses, Reba and George. I suspect several others are in the same boat. Good to see you posting here again, Paleje and yet again I agree with your post. Yet again there has been a lack of strength in negotiating the placement price and we can complain 'till the cows come home but looking at this slightly objectively I think there is a lot of hope for SAV. First the chart. There is now a gap just above 5p and they usually get filled. Also well above the 200 day moving average - usually a positive. EIA: The 45 day period for consultation would have put the brakes on the share price and would probably have drifted anyway. But it is good news. Galp: Archer's statement in the RNS makes me believe he thinks it's a done deal. "The £10.3m raised combined with the US$6.4m investment expected from Galp Energia SGPS" If that's the case I expect the gap will be closed swiftly. (I shudder to think of the alternative) There has been some forward selling (not 250m) so we wait to see who the placees are. Hopefully strong holders like Al Marjan who didn't take part this time. I think SAV will look to purchase the rights for other areas in particular Reigoso, if the Portuguese eventually put them out for tender. All-in all I think those losses will be back to profit before too long and funds permitting I will be looking to purchase more.
ged5
21/4/2021
09:53
Confidence instilling that international equity markets subscribed. Forecast 18x increase in EU lithium demand by 2030
jimbomorry
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
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