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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 Shares Traded Last Trade
  -0.175 -4.73% 3.525 5,733,495 16:26:47
Bid Price Offer Price High Price Low Price Open Price
3.50 3.55 3.675 3.525 3.675
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.92 -0.62 60
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:08 O 28,268 3.5375 GBX

Savannah Resources (SAV) Latest News (4)

More Savannah Resources News
Savannah Resources Investors    Savannah Resources Takeover Rumours

Savannah Resources (SAV) Discussions and Chat

Savannah Resources (SAV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-23 15:28:083.5428,268999.98O
2021-06-23 15:26:503.545,000176.88O
2021-06-23 15:26:473.509,200322.00O
2021-06-23 15:26:423.5550,0001,775.00O
2021-06-23 15:26:373.55150,0005,325.00O
View all Savannah Resources trades in real-time

Savannah Resources (SAV) Top Chat Posts

DateSubject
23/6/2021
09:20
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 3.70p.
Savannah Resources Plc has a 4 week average price of 3.43p and a 12 week average price of 3.43p.
The 1 year high share price is 5.90p while the 1 year low share price is currently 1.83p.
There are currently 1,688,959,820 shares in issue and the average daily traded volume is 4,360,249 shares. The market capitalisation of Savannah Resources Plc is £59,535,833.66.
23/6/2021
14:13
ged5: John Meyer of share price Angel talking on today's Vox market podcast giving his view on the lithium market. Discussing ZinnWald Minerals and Kodal minerals but gives a passing comment about SAV. He sounded disappointed about the Galp agreement not materialising. SAV mentioned about 14:18 Https://www.voxmarkets.co.uk/media/60d325fa64b1531c3fdbef08/
29/5/2021
18:45
blue square: This share is all about EIA approval/rejection at the moment if the EIA gets rejected the share will be worthless(sub 1p) anyway, if the EIA is approved the placing will be forgotten about, as the share price will recover quickly. For now ,I am not sure the current share price can be fully explained away by the placing.
27/5/2021
13:56
sc2000uk: I'd like to see Moz Spin-Off into it's own new listed company, not 'sold' or given away to a 3rd party. SAV share holders would be given a like for like equity stake in the new spun-off listed company. Could give the company a starter fund to continue PFS and build to the 35%, but after that it's on it's own. Would mean that SAV holders are free to retain an equity stake in new company, and hopefully future share price rise. If you wanted to sell, as was only interested in SAV for the Li part of it, then you will be free to (subject to market conditions, etc) Similar to when BT done the Cellnet/O2 spin off back in 2001. Would leave SAV as a Li business only, that would probably be easier to attract certain investors. For example, EU based asset only. Better regulated operating region. Not associated with a Major Miner (GALP already position itself as an alternative energy company) Could be Win-Win. But will see that some would take this as Lose-Lose.
20/5/2021
10:42
goodday1: 0.25 lower than placing & still months to go to churn spender DA latest knock of the share price The share price a drift & at the mercy of the seller, the demoralised investors.Let us hope the shorters, not at it here.A delay in this year timeline is more guaranteed, after all, it is the Iberian Peninsula, mining & delay is expected.Good luck to all of us in 2021.Ps; DA, FFS, no more placing as the share value been struggled by all the placings
18/5/2021
09:31
ukgeorge: It really looks like a few of the gold miners are about to have good runs at the moment. Which is very frustraiting I've got 20% of my portfolio in these and another 20% in THS both of which have been pretty stagnant recently but both have good prospects. I think these are the bigger gamble but equally could have the larger rise, but then as we all know DA will sell us down the river on a heart beat. If we were around the 5p mark my decission would have been easy sell a few of these and rotate into gold. Now I am holding on for some news to propel the SAV share price, but I know at SAV meaningful news is rare and often the market has a head start and sells into it. Sorry for off topic, but it is not like we have much else to talk about.
06/5/2021
15:48
sc2000uk: I don't think the RNS was ever intended to be a 'This is amazing' headline grabbing item. Not all RNSs are for that purpose. Most are very boring (no pun given this is a mining stock). Watching the DA presentation yesterday he said on that SAV was looking at a new ESG policy, etc. Maybe it should have just been a RNS Reach item instead. As I've asked before, what is the expected MCap for SAV in near term (22/23)? I've said about 225/275mn. So plenty of room for share price growth. IF you think that this MCap will only be reached by 2-3 times dilution, then why worry about what is happening with SAV. Invest somewhere else.
29/4/2021
10:40
ged5: 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." Https://www.crown.co.za/latest-news/modern-mining-latest-news/5115-savannah-starts-construction-of-pilot-plant-at-mutamba 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. Https://investegate.co.uk/savannah-resources--sav-/rns/strategic-lithium-acquisition--portugal/201705250700111749G/ 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." Https://translate.google.co.uk/translate?hl=en&sl=pt&;u=https://eco.sapo.pt/2021/04/28/governo-vai-cancelar-projeto-da-mina-de-litio-em-montalegre-da-lusorecursos/&prev=search&pto=aue
21/4/2021
09:48
sev22: 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.
25/2/2021
08:26
sev22: SAV get a mention in another positive article in this week's Investors Chronicle. UK-listed lithium prospects firm up. After a false start three years ago, prospective producers appear to be on steadier ground. Picking major technological shifts doesn’t always equal huge investment gains, just ask any investor who put money into the dotcom boom two decades ago. A more recent example is from 2016 and 2017 when the automotive industry’s move from the internal combustion-engine to electric vehicles (EV) seemed a lock, and the mining industry jumped on board. The following years have largely proved that thesis. Major carmakers and governments are behind this shift and by the end of this decade EVs will dominate new car sales. But investors who initially dived in were left with large losses by 2019 and London companies struggled to get financing for mines. Lithium, cobalt and graphite prices also crashed as 2017-2019 supply overwhelmed demand. However, share prices are now back up, cash is flying in for mines to be built and new players focused on lithium, graphite, nickel and other EV-exposed raw materials are arriving. What do we need? Lithium, graphite, nickel, manganese and cobalt are key ingredients for lithium-ion batteries while copper and rare earths are also needed in large quantities for EV cars. Other demand drivers are stationary batteries, which are used as part of renewable energy systems. As we explored in our recent feature on EVs (‘Race to Riches’, 28 Jan), demand has shot up in recent years and is expected to grow even more sharply over the next decade. Spending on passenger and commercial EVs and electric buses climbed almost a third to $133bn in 2020, according to Bloomberg New Energy Finance, led by passenger car sales. Looking ahead, Benchmark Minerals Intelligence forecasts almost 200 battery “megafactories” will be built in the next 10 years, more than doubling the existing number. These factories are largely found in China, Japan and Korea, although capacity is slowly building in Europe and North America. Bacanora Lithium (BCN) offers a perfect example of the past five years in the battery metals sector. The company quickly rose from Aim tiddler to promising lithium option in London in 2016. Bacanora’s key prospect is the Sonora clay lithium deposit in Mexico. Construction at Sonora was set to begin in 2018 but a $100m equity raise was withdrawn three days after it was announced. The weaker lithium price and a large uptick in supply from Australian mines had scared off investors, causing its share price to fall from 137p at the start of 2018 to 25p a year later. But now site preparation has begun for the build, the share price hit a two-year high last month and production is looking likelier from 2023. Fellow Aim-listed Savannah Resources (SAV) is working on a mine in Portugal to supply European carmakers but is not as far into the development timeline as Bacanora. The forces driving the renewed interest in the sector are simple. “You've seen a significant increase in uptake in EVs in the last six months, and also you've seen the Europeans move down that EV path,” says Bacanora chief executive Peter Secker. “Tesla is building plants all over the world, which is great. And the Chinese are still moving down that route. They will be electric before the rest of the world.” Lithium has a range of pricing markets, based on how close it is to the product battery manufacturers need. Australia, which along with Chile is a major producer of the mineral, largely exports ore to China given the limited local processing capacity. This spodumene feedstock has not seen as much of a price improvement as lithium carbonate or hydroxide, or the battery-grade chemical product that is another stage removed from ore. Benchmark said the battery grade lithium carbonate price climbed over 40 per cent in January, to $9,450 a tonne (t). The price increase was less dramatic for raw materials, with spodumene up just 6 per cent in the same period. Lithium miners in London largely plan to sell a product one or two stages removed from the ore they extract from the ground. Bacanora, likely the first locally-listed miner to reach production, will sell a battery grade product from its own processing facility. “We are going to try and avoid the pitfalls of being at the mercy of the converters, and sell to the downstream consumers, which are the battery manufacturers, and the cathode manufacturers, which is obviously a much, much larger market,” says Secker. The convertors are largely the Chinese companies that buy up lithium ore or concentrate.
18/2/2021
18:34
sev22: The article is behind a pay wall so I have cut and pasted the part of the story relating to SAV. Battery Boom Round II By the time it was clear EVs would eventually replace ICE vehicles – around five years ago – a mad rush saw prospectors scramble to get their hands on plots of land with the slightest hint of battery metals. The key materials for EV batteries are lithium, nickel, graphite and cobalt. Different battery styles use these in varying proportions. As the boom began in 2015 and 2016, old nickel projects with trace amounts of cobalt were held up as solutions to the world’s reliance on supply from the Democratic Republic of Congo (DRC), while tiny markets like graphite were overwhelmed because new supply came far too early. Former gold and copper explorers also swiftly jumped on the lithium bandwagon. A few years ago, analysts predicted some or all of these metals would soon be in short supply. Miners reacted accordingly, and the prices for all of these metals bar nickel crashed. Cobalt went from $90,000 a tonne in 2018 to a third of that within a year – where it stayed – while new lithium mines in Australia were suspended or had production cut soon after opening because of the glut of supply. Investors in this first wave either picked the bubble and got out, or stayed for losses of around 80 per cent between 2018 and 2020. Some, like Pilbara Minerals (AU:PLS) and Neo Lithium (CA:NLC), have now eclipsed their 2018 highs, but others such as Bacanora Lithium (BCN) and Savannah Resources (SAV) on London’s Aim market are not there yet. The biggest casualty of the crash was Nemaska Lithium, a Canadian hopeful that drew in mainstream investors like SoftBank (JP:9984) but collapsed in 2019. It has since been taken private, but the process saw shareholders lose everything. Now we are coming into the second ramp-up of the energy metals space. The company valuations could be more solid this time, given the increase in EV uptake and governments around the world bringing in bans on ICE vehicle sales. Lithium and cobalt prices have already picked up. Mining and refining company Sumitomo Metal Mining (JP:5713) predicts that the overall size of the battery materials market will go from around $20bn in 2019 to $36.6bn in 2025. An EV battery with current ‘nickel manganese cobalt’ chemistry – called NMC 622 – requires just under 2 kilograms of metals per kWh, largely nickel and copper. A standard new VW ID.3 has a 58kWh battery, so these volumes are already significant. It may not be a smooth ride to EV supremacy for the miners, however. Once they reach production, they become part of a complex supply chain that requires midstream processing and demand from battery manufacturers. The traditional route of juniors could also be at risk as midstream companies get more and more involved in the development process. Elon Musk has even said Tesla would build its own lithium mine in the US. The changing expectations of consumers also means supply chains will come under greater scrutiny than ever before. Savannah chief executive David Archer told Investors' Chronicle that this works in his company’s favour, given its proposed mine is in Portugal. “The real challenge for the cell manufacturers is securing a reliable, low-carbon footprint supply of battery metals and preferably from a supply source that has suitable provenance,” he said. “Producing lithium in Europe is a whole lot more appealing [for the European manufacturers].̶1; But the midstream part of the industry, where the lithium is processed into the precursor chemical form needed by battery manufacturers, is not yet developed. Mr Archer said that by the time his mine is in production in 2023, there will likely be local demand. The company also needs to get through the financing stage. Finding the $100m or more needed – an updated figure will come in this year’s feasibility study – will be helped by possible new investor Galp Energia (PT:GALP), which this month signed a heads of agreement to take a 10 per cent stake in Savannah’s project, Mino do Barroso. Savannah is not the most advanced lithium company in London, but there is not a competitor far enough ahead that lithium production will come this year. Bacanora Lithium has had a project ready to build for some time, but was trying to raise its build costs just as the lithium market was tanking, and now Ganfeng Lithium (HK:1772) is redesigning its mine and plant in Mexico. London’s lithium options are limited compared with the Americas, Asia and Australia. In the Americas, that means Albemarle (US:ALB) and Sociedad Quimica y Minera de Chile (US:SQM) – which is a top 10 holding of BlackRock Frontiers Investment Trust (BRFI) – and in Australia, the hard rock miners that flooded the market from 2017 include Pilbara Resources and Mineral Resources (AU:MIN). China, Japan and Korea offer more midstream and battery maker investment opportunities. There are also some investment angles within the diversified majors. Rio Tinto (RIO) is working towards an investment decision on the Jadar lithium mine in Serbia, which would blow European demand out of the water. It would only be in production near the end of the decade, however. Glencore (GLEN) is in a powerful position through its cobalt production in the DRC, while its copper and nickel production are also critical for the energy transition. Cobalt production in the DRC is one of the most widely known difficulties of the sector, because of child labour on the artisanal side of the industry. It’s not squeaky-clean on the industrial side in the DRC, either. In early 2019, a truck full of acid on its way to a Glencore mine crashed and killed 21 people. There are also the various investigations into Glencore behaviour taking place in the UK and US if an investor is keen to include environmental, social and governance (ESG) factors as part of an investment decision. The stable, midcap, dividend-paying miners that are present in London in the gold and copper sectors just aren’t there for energy metal pure-plays. The safer option, then, is picking out a fund or ETF with overseas exposure and a high-risk, high-reward option is a dive into the speculative junior mining space. ‘The electric decade’ EVs may seem like just the hot investment topic du jour, but this is really a long-term trend that will continue to generate exciting opportunities for investors as it unfolds over the next 20 years or so – not just in terms of the EV makers themselves, but across a wide variety of sectors. “What we'll probably see over the next three to four years is that electric vehicles will move from being justifiable to an enthusiast, to being an absolute no brainer for more people,” says Mr Pye. “I think we're really still at the beginning of what may be the electric decade.”
Savannah Resources share price data is direct from the London Stock Exchange
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