Savannah Resources Share Discussion Threads

[ged5] 18/1/2022 14:52

Boring IB? Never!

The dilemmas for investors. A company looks so overbought yet news must be imminent.

Elections a week on Sunday. My bet is an approval the following week.

Hold yes but to add now or wait for a little retrace. Less than two weeks. Dilemmas indeed!

[ukgeorge] 18/1/2022 09:24

Environmental license
DFS
Financing (maybe some grants from the EU)
Off take agreement

Hopeful an interesting year ahead

Sav's share price was one of just a handful of lithium companies that fell last year, so we have a lot of catching up to do.

Roll on this not all being a pipe dream

[inbrackets] 17/1/2022 21:43

At risk of boring people, here is the podcast again, first posted on the Global Lithium Podcast in Sep 2021, if I remember correctly. All going in the right direction though RT ditching Jadar and Vulcan suffering a Short Attack were perhaps unexpected humps, even if not for SAV.Hope of interest if not of help to people doing some background research at this stage.https://1drv.ms/u/s!Aj9GP1JfVKzhgaIetgYAkb5JdsY4lw

[ukgeorge] 17/1/2022 16:44

Fingers crossed this is only the start of the rise. 5.46p was the highest close in 2021. Most holders should now be in positive territory so hopefully we will not have many stale longs selling into the rise.

Roll on good news.

[flc] 17/1/2022 13:48

The latter could be bang on.

[ukgeorge] 17/1/2022 13:34

Pretty nice run we are on :) fingers crossed we have news to celebrate soon

Followed by a couple of majors bidding for the company Fortescue and Rio fighting for the company would be ideal :)

[flc] 17/1/2022 12:57

Just hit 5 on the bid

[mwainw1973] 17/1/2022 09:12

Yes 5p, stick or twist ?

[goodday1] 16/1/2022 18:49

hTTps://oilprice.com/Energy/Energy-General/Soaring-Lithium-Prices-Become-Major-Headache-For-EV-Makers.htmlCome on DA, please don't screw us.Gl all

[ged5] 14/1/2022 17:28

Yes, even if it was the UT that took us there. Still 4.9-5 on the actual bid-offer.

A good week!

We must be getting close to a decision by now. Will it be before you go skiing?

Cod wrapped in parma ham sprinkled with parmesan cheese washed down with a couple of glasses Pinot Grigio. Fizz time!

Have a good weekend all.

[ukgeorge] 14/1/2022 17:12

5p!

That is the first time in a while.......

[ged5] 14/1/2022 10:12

We're on our way. I think you mean on our way quicker!

[flc] 14/1/2022 10:06

If the bid manages to push through 5p then we could be on our way.

[goodday1] 14/1/2022 08:13

No quote available.Managed around 70K over 2 transactions.Gl all

[flc] 13/1/2022 15:43

Lithium still flying....

[ukgeorge] 13/1/2022 15:07

Wish it would move like Bradda Head :) well done on that one!

[ged5] 13/1/2022 14:41

Slowly, slowly edging up. FOMO.

[sc2000uk] 12/1/2022 14:14

As you say NearlybBack into Pre Fund level's, but with what I would calculate to be about £13Mn in bank. This is based on;

£2M as at 31/12/20
+
£10.3M (Raise 20/4/21)
+
£6.7M (For sale of Moz)
-
£6M 2021 Spending
This is based on first 1st half spend of £2.6M as per interim results and 2nd half being about £3.4M

= £13M

At the point of fund raising last April cash in bank must have been about just under £1M. So in a much better position this time should share price go into the 5's

Just my thoughts and rough calculations, sure some will disagree and that's fine with me.

Ta

[flc] 12/1/2022 09:40

Don't want to speak too soon but looks like we're heading back to pre-fund raise share price territory.

[goodday1] 12/1/2022 09:28

Hallelujah, praise the Lord.Please, please no one sells.Please, please DA don't shaft us.Gl all

[orkney] 11/1/2022 18:15

It will happen, no doubt about it. The EU will ensure that it will, they badly need this mine. Portugal will approve the Environment assessment and there will new investment offers flooding in from the likes of Volkeswagon.

[broncowarrior] 11/1/2022 15:34

Environmental licence means it will happen - will be no worries on finance at that point so I see an easy doubling of the share price once the market wakes up to it.

[flc] 11/1/2022 13:06

My guess is DA will offload as soon as it get's a license but we'll see. In the meantime good to see we're heading North albeit baby steps.

[ukgeorge] 11/1/2022 12:31

If we ever get the environmental license. I wonder if we will get either a rerate in the share price or even a takeover offer from a major in the weeks that follow.

It's interesting that the share price has been so un volatile and such low volume. Normally with the Aim market the news is leaked. I guess that could be still a month or more away though.

For arguments sake if Portugal is not going to give us a license why would they be issuing new exploration licenses.

I'm hoping the closes above 4.6p then we will hopefully have a run at 5p. Or where we were when lithium prices were one third of what they are now and DA decided to shaft us with the heavily discounted raise.

[goodday1] 11/1/2022 07:49

Why is that, mate?Are we going to have a Cheese & Wine party?You are sounding like Johnson while pushing in the long grass!Or everything happens eveeeeeennnntually FFS, how long have we all been waiting???Lol