Savannah Resources Share Discussion Threads

[ged5] 30/9/2021 09:52

Thanks IB.

Back to 4p. Yeah!

[inbrackets] 29/9/2021 12:00

Ged, hi. It was probably a cackhanded translation bot that put it all into unintelligible pig's English but sc2000's pointer brings more sense to it.As you know Aus/US Li stocks have been surging, leaving EU languishing. Who knows whether the share price will rise but I do wonder whether when a Eu miner is permitted, will they join the party or remain an unvaccinated leper. We are just at the bendy bit of the hockey stick so I am hoping the former and ever more so as the endlessly promised and endlessly delayed auctions may actually be coming into play. It will hopefully enable SAV to mushroom.Not a party person really, but it may well deserve a couple of beers?

[sc2000uk] 29/9/2021 10:46

I think IB was talking about this;

hxxps://econews.pt/2021/09/29/lithium-preliminary-environmental-report-identifies-some-risks/

Some of the wording on environmental impact mitigation does appear to be very similar to that used in the SAV presentations.

[ged5] 28/9/2021 21:40

IB, can you put that into a normal person's language. Or better still a not so normal person's language.

More to the point, will the share price go up?

Answer to your question, don't know, possibly yes. Reason: Portuguese timetables; Savannah! Potential of Mina do Barrosso.

[inbrackets] 28/9/2021 18:49

Post Portuguese elections on Sunday, looks like the newly mandated gov is wasting no time,"Through Dispatch No. 1522/2021, of 11-02-2020 of the Assistant Secretary of State for Energy, bearing in mind the intention of launching a public tender procedure for the allocation of prospecting and research rights for lithium, which has already been announced by the Government, and having already entered into force Decree-Law No. 30/2021, of 7 May, which regulates Law No. 54/2015, of 22 June, with regard to the disclosure and use of mineral deposits , it was decided to carry out an environmental assessment, pursuant to Decree-Law No. 232/2007, of June 15, in its current wording, covering the eight areas that, potentially, may be part of the public tender procedure for indicting the relevant presence of the resource. In this context, the Preliminary Environmental Assessment Report produced is publicly consulted."Lots to be positive about and proposed refinery is closer to MdB than any other of the auction areas. The PEAR is only 6 weeks away, shortly after the MdB due date and would seem to imply that much work has already been done (SAV template?)If you aren't already, respectively, is it not time to start to believe?

[inbrackets] 25/9/2021 09:40

I believe the Phase 1 decision from APA is really quite the key moment. As mentioned before, this, with any conditions that may or may not be attached, would fundamentally accept that the mine can go ahead. Phase 2 covers the nitty gritty mechanics of the set up.The Phase 1 decision is imminent and after APA had delayed the Notice of Conformity in July, they were very prompt in issuing it at the end of the required period. Though I noted in the interims that SAV caveated requests for further info, the statutory guidelines allow 100 working days for APA to issue their decision. This should be around Oct 16, unless SAV caveats or politics get in the way.Assuming all ok, the downstream will know that there is an upstream of raw material and further information can flow. To whet appetitehttps://onovo.pt/pais/autarca-quer-refinaria-de-litio-em-zona-que-isenta-iberdrola-de-custos-CM2691765And for SAV, then all those things we have been waiting for, eg off takes, DFS etc can progress.Hope of help. Not gospel but would seem about right (at least with my specs on]?

[goodday1] 25/9/2021 07:20

When are we realistically expecting news from Portugal & a subsequent increase?I have pencilled in mid to late Q1 2022.What are your thoughts, please?Thanks in advance

[ukgeorge] 23/9/2021 15:05

Nice to see a load of 300k buys going

[reba] 22/9/2021 11:30

UKGeorge.
well done George. selling and buying just increased my holding by 1800. not many I know but over 1M + every little helps.

[ukgeorge] 22/9/2021 11:19

I would think the off take and financing will be very quick after the EIAWith that I've just added 100k @ 3.662p

[reba] 22/9/2021 10:53

UKGeorge
Which Year (2025).?

[ukgeorge] 22/9/2021 10:18

I'm happy to hold even top up. As others have said nothing really unexpected. Looking forward

Likely news flow

EIA in Q4 2021
DFS in 2022
Offtake and Investment news (I would guess a lot of these are dependent on the EIA sign off, the lithium price has moved in the right direction so DA should be able to get a good deal)



"On a commercial front, buoyed by the much stronger lithium price environment, encouraging discussions are ongoing around offtake and associated investment with multiple, well credentialed counterparties. This includes with Galp Energia, SGPS, S.A. (“Galp”) and other European and non-European industrial groups. A significant
number of offtake, investment and M&A transactions have been completed in the lithium sector during the year to date which set useful precedents for Savannah in its own commercial discussions. We hope to bring more news on the project’s future commercial arrangements later in the year."

[sc2000uk] 22/9/2021 09:56

"That says it all about the past negotiations, on who was involved when the budgets were made on how much money the Government needed from the EU. They can't have been included."

Are you really expecting SAV to have been involved in these discussions?

Given that Port Govt applied for 16.6BN (Euro) and that even if SAV want 50% the CapEX (say 50M Euro) to come from this budget, this represents 0.03% of the requested EU Budget. So I don't see that SAV would have been involved in drawing up the budget request Port Govt made to EU.

It's like me wanting £50 and but expecting to be involved in drawing up an overall £16,600 budget request to the bank.


I see no issue for THINKING about a request for EU finance, as these could come with certain conditions that make it unworkable. For example, would it restrict who/how we could sell the Li? So impacting the overall profitablity of the mine?

For now, the DIA is really the only milestone that I'm looking for. After this, I will be wanting and expecting DA and BoD to be making quick, decisive and correct decisions as the ball will be in the SAV court.

[uhound] 22/9/2021 09:29

Sold out my small holding - company going nowhere!

The only people making money here are the directors.

[reba] 22/9/2021 09:18

Absolutely nothing new. The Chairman and DA are tarred with the same brush. Biggest wafflers under the sun. How can a company not progress after 12 months of so called negotiations with all parties involved. Nothing has moved forward significantly to inspire any investors let alone potential customers.
They are still THINKING about applying for a EU grant ( unbelievable ). That says it all about the past negotiations, on who was involved when the budgets were made on how much money the Government needed from the EU. They can't have been included.
The Management are pathetic, they are blaming Corvid for the inactivity and progress, whilst other organisations have been working round it, coping and getting on with it.
The potential of a mine is there, but the people involved in DELTIC haven't got a clue how to negotiate and commission it.
Very disappointed in the results. Heads need to roll if this is going anywhere.

[flc] 22/9/2021 09:16

Decided to sell another chunk this morning and will just sit on the sidelines before deciding whether to buy back in. On a positive I think the prospects here are superb but I just see it slipping further back in to next year and beyond, I also worry that Mutamba may be a damp squib when they finally release the RNS.

Stumbled across the following article which references SAV and MdB. There appears to be some issues with deliberate denial of access to information which is currently in the Portuguese courts so I also fear this may be a thorn in the side with the public consultation. I'm sure it's a ploy often used by locals but never the less could flag up yet more delays.

[ged5] 22/9/2021 09:01

Agree about the cash pile.

As usual results are a commentary about most of what we know. Not a great deal of new information in the outlook either.

One thing I was a little concerned about when I first read it, was the identification of landowners in Mutamba. Did I miss that in an earlier announcement? I'm not really sure they've sorted it yet. That must be why there's been a delay over there.

Nine days to the fourth quarter.

[inbrackets] 22/9/2021 08:40

The DFS pushback was news weeks ago so not exactly a KerrrPow moment to get upset about.On track to report on Mutamba before year end and continuing progress in Portugal. They are still waiting on the keystone decision from APA due shortly on the first phase (delayed by APA and circumstances) as the second phase feeds into the DFS.

[ukgeorge] 22/9/2021 08:14

DFS also delayed to 2022. No surprise. Give it 12 months and they can delay it to 2023.

[flc] 22/9/2021 07:40

The only things to take out of these are that they are now sat on a tidy cash pile and have finally decided what to do with Moz. The rest still moving at snail's pace...roll on Q4

[inbrackets] 20/9/2021 16:07

It does have the small matter of getting a licence to mine of course.

[ukgeorge] 20/9/2021 14:59

@InfinityLithium is pleased to report a breakthrough milestone with the first #battery grade #lithium hydroxide delivered from the San José project. $INF is poised to deliver #battery chemicals to the #EV markets in #Spain and the #EU.
See full announcement here: [...]

[sc2000uk] 17/9/2021 10:57

I'm not sure SAV are interested in an Off-Take partner at present. If they can obtain the required capital via other means (EU Funding, Recovery Funding, Limited Equity Raise (available to all not limited few), Secured Credit Line, etc) then they could be looking at the Open Auction Market route. Just look at some of the prices being reached at present.

Maybe a hybrid would be good, to give some locked in buyer/price, but then also the chance to maximise income.

Who would not want to sell at $2,000+ as recently paid in one auction :-)

[ged5] 17/9/2021 09:23

A rumour on a telegram group! Wow that's unusual! Must be true. ;)

[ukgeorge] 17/9/2021 09:18

Any Tesla deal would likely go through Piedmont imo.A similar structure to the ironridge deal irr.