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 Shares Traded Last Trade
  0.10 4.0% 2.60 1,791,506 16:35:21
Bid Price Offer Price High Price Low Price Open Price
2.40 2.50 2.55 2.45 2.525
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -3.38 -0.44 37
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:20 UT 550 2.60 GBX

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Savannah Resources Daily Update: Savannah Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker SAV. The last closing price for Savannah Resources was 2.50p.
Savannah Resources Plc has a 4 week average price of 2.34p and a 12 week average price of 1.83p.
The 1 year high share price is 3.15p while the 1 year low share price is currently 0.80p.
There are currently 1,430,991,035 shares in issue and the average daily traded volume is 5,899,759 shares. The market capitalisation of Savannah Resources Plc is £37,205,766.91.
ged5: Final results May 2019 Feasibility Study commissioned with results expected in H2 2019 Discussions initiated with potential offtake and strategic partners and providers of project finance Https:// Then at 1:35 in this video:- Https:// Two years late David if you manage to keep to the deadline!
ged5: Here's the link to the radio interview from about 3hr 35mins: Https:// It's about 25minutes long. My understanding is that the biggest gripe from the lady was the mine life. Well it's one of my concerns as well. She also was worried that the biggest lithium deposits were in Portugal. Well yes there is more lithium in Portugal, Serbia has more but Mina do Barroso isn't the biggest project. That's at Cinovec. Of course Savannah's grades are some of the best anywhere. Well if she's worried about the mine life and she thinks Portugal has the largest amount of lithium, then why doesn't she support the expansion of exploration? IF Archer is correct and most locals support the mine why not just let them get on with it? I actually think she's a shareholder in SAV. Well she was well aware of the constant delays! Incidentally there was a feature on British Lithium in Cornwall on Click over the weekend. Https:// HG thanks for your earlier post.
stardrops2: Have a small holding in sav and agree Acher lacks a bit o charisma and dynamism have a larger holding in Char who had a similar man at the helm He was dethroned several months ago and we now have a much more charismatic get up and go man and the share price had doubled maybe that needs to happen here
busraker1: If other lithium plays are spiking up and we're not, then that may be a clue that it is coming! I've been feeling an urgency to double my holding, which is nearly done now. The lithium sector certainly seems to be coming alive, sparked by Tesla's share price rise, but particularly by Tesla's recent offtake agreement with Piedmont Lithium sending the PLL share price from 9c to 60c in three weeks and has gone from 1.5x SAV mkt cap to 10x. Savannah is very very similar to Piedmont in scale and type of operation. Piedmont have recently included plans for a hydroxide plant though so are one step ahead in that, including the much higher capex to get that off the ground. You could say SAV are Europe's Piedmont, but we are awaiting an offtake with the likes of VW or similar who may, like Tesla, also want to backwards integrate their EV manufacturing process to include lithium mining, to reduce the cost of the raw materials. This is a great listen on all of that including mention of SAV - Https://
ged5: I mentioned earlier that I didn't expect any news from the EIA until April next year that's why I'm hoping for news about Mutamba. They've got the licences; they've got the cash, get on with it. The PFS drives SAV's percentage share from 20% to 35%. I'm sure that would have big effect on the share price
ukgeorge: Thanks. "Before that, there is still a long way to go: until the end of November, the process of answering the doubts raised by the Portuguese Environment Agency to the Environmental Impact Study (EIA) presented by Savannah on May 30 is underway, after which the document will follow for public consultation. After that, it will be up to the APA to issue an Environmental Impact Statement (DIA)." This sounds like it is going to take several more months even years... and without it is likely impossible to get any off take agreements, funding. The EIT should be helping companies like sav, if they actually want a European supply chain. Okay this is nothing new but it is really difficult to hold these. By the time sav even gets permits to mine there will likely be more shares in issue than there are grains of sand in the Sahara desert
ged5: Will we get any more holding announcements? 130 011 270 shares issued in the recent placing plus about 2M to pay the fees. Lombard took 73 277 777 so another 56.73M still to be accounted for. I suppose we should be excited the company now has about £1.7M after about £600K is deducted for next years salaries. From the placing RNS:- Focusing on the near term, the working capital secured by this placing will give Savannah a more robust financial position while it finalises an offtake agreement for the Project's lithium concentrate, continues its negotiations with potential strategic partners, progresses the Project's Definitive Feasibility Study ("DFS") towards completion, and responds to further information requests from Portugal's environmental regulator following the submission of the Project's Environmental Impact Assessment and Mine Plan in May. "Finalises an offtake agreement" When have we heard that before? "Continues its negotiations with potential strategic partners" How long has this been going on? "Progresses the Project's Definitive Feasibility Study ("DFS") towards completion" I thought the EIA had to be completed first. "Responds to further information requests from Portugal's environmental regulator following the submission of the Project's Environmental Impact Assessment and Mine Plan in May." If there are no requests we can expect this news in January but here he is preparing us for further requests which would add on a further 3 months. Of course we could get news any time about the EIA and MP since these were expected about the 19th August. It was good to hear they are working with our partner Rio Tinto to progress the 4.4Bt Mutamba mineral sands joint venture ("JV") project. I had thought SAV were doing all the work! Is SAV a buy again for me to add to my small holding? I have been thinking about it as a very speculative buy. Perhaps a few for the time being but I'll hold off until the New Year for anything of size unless anyone can convince me his words aren't hollow yet again. Https:// Https://
busraker1: Wow...Infinity Lithium (very large, low grade lithium in Spain, but behind SAV timewise) have secured preliminary European funding and partnership for their project....well, £800k anyway!...ha...but promises of much more to come. Https:// Very interesting...this should be taken as a positive for SAV re the European funding and support, but potentially the acceleration of another project because SAV is stuck with a long EIA process battling with protesters. I think this is probably very positive for SAV's future. Here's the latest Infinity presentation, which is an interesting read and comparison for SAV - Https:// Infinity have 111Mt lithium at only 0.6% grade, and it's only this size because they used a 0.1% grade cut off in their JORC estimate, whereas SAV don't even count the lithium in their JORC unless it's 0.5% and above (0.5% cut off). Infinity are planning a lithium mine and a hydroxide plant as a fully integrated operation. Expensive to do ($310m), yet the EU seem willing to fund it / find funders for it. I wonder if Infinity's lithium would have been profitable without the hydroxide plant?? ;-) I'm seeing too much overstating and stretching of their numbers in their presentations at times. A 42% Pre-Tax IRR using a hydroxide price of $14000/t, but more around 15% at stressed prices around $8000/t, which is roughly where the current spot prices are. A little bit 'salesmany', but only time will tell on that score. They've done well so far. They state in their presentation that they were chosen to be a partner of the European BIP (Business Investment Platform) in December 2019 and they were one of only 3 EU based lithium projects chosen. Anyway, if the funding is there, then SAV could be encouraged to go for the hydroxide plant also as part of a staged construction, and owned by themselves, not in JV with anyone. Any thoughts?
busraker1: Jiangxi Ganfeng Lithium (big Chinese listed lithium player) is doing a Tesla and has now quadrupled since its low on Sept 1st. There's excitement in some leading lithium stocks as we move towards an upturn in demand for EVs and an uptick hopefully in lithium pricing some time this year. I thought the SAV newsletter left more qns than answers. I'm not convinced that waiting for the EIA is the primary issue that SAV are facing. My largest holding is AVZ Minerals with a whopping high grade lithium deposit in the DRC and they have caught and are overtaking SAV in development timescales and the newsflow is constant including finance and offtake partners ready to roll once their DFS is out in Q1 2020. Ok...their deposit is world leading, but the contrast with SAV newsflow is notable. In a low priced lithium environment ($450 to $550 per tonne), the numbers in your DFS don't look so good and it can be harder to convince financiers to back your project. They may need to see the lithium price actually start to move in the right direction before hitting the go button. Also, the financiers may be requesting improvements to the current 11 year mine life proposed, or more met testing to prove that recovery rates will actually be achieved and not have the year one production and cash flow troubles of an Aussie Pilbara Minerals or Altura Mining etc. I'd be surprised if it was just a delay with the EIA holding things up and feel like it's not possible for SAV to tell us the whole story at the moment....and the share price seems to feel like that too. I hope the news can turn very positive soon. All imho.
busraker1: SAV touched 1.9p back in September and, if it's forming a double bottom or bottom pattern of some sort on the share chart, it may go there again, but if 2020 is going to be as good a year as it seems from EV sales, given the raft of exciting new cars coming out, then I'd want to be in SAV sooner rather than later.... The lithium price is likely to be higher by the back end of next year as inventories are worked off and the SAV share price up with it. One of the big boys, Jianqxi Ganfeng Lithium, (30% owner of Bacanora etc) has gone up from 870cny on 1st Sept to 1760cny today so there are signs of early movement in some and a bottoming out in many other lithium shares. Of course, this all assumes that SAV navigates its mine in to life without major hinderance... IMHO
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