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We’ve a market cap of 60 mil for Christ’s sake it’s peanut
I think the interesting/important quote is;
He told reporters: “I hope that we don’t (lose funds), albeit we know that some of the commitments that the (ceasing) Portuguese government made have not been complied with, which has led to delays in the payment of some tranches”.
As you say Oscar, looks like Portugal are waking up to what a great opportunity they have and also that the EU just won't wait for ever, they will give the money to someone else. So if they don't make progress they throwing away the chance for 'Free' money.
Just topped up with 96037 let’s see if it shows as a buy or sell
Think Portuguese are waking up to the fact they’ve a great opportunity right beneath there feet
Undoubtedly tropical, that’s my reading too
Looks like the new PM wants to tap into that EU money that's available.....we know that EU is keen for this money to go into green, sustainable and EU independence projects.
https://www.portugalresident.com/montenegro-in-brussels-pledges-portugal-will-catch-up-in-execution-of-prr/
If only I spoke and could read Portugeese.
Maybe I'll put it through Google Translate later.
Https://eco.sapo.pt/2024/03/21/operacao-influencer-pgr-admite-que-processo-de-costa-desca-do-supremo-para-dciap/
in many portuguese newspapers from yesterday and is always written only about sines. for me a very positive sign
Price of lithium looking strong and SAV potentially in the driving seat for Europe
Yep the price looks like it has turned the corner.
With solid state batteries also using Li there will always be big demand.
In my opinion I think it’s highly unlikely we get to production
My target sell price is at between 12 & 16p.
At 16p, I'll be walking away with 4x my initial investment here, and for me, that's a good result.
I'm not an expert on predicting prices, not by a long way, and I'm not here to P*ss on anyone's parade, but just IMHO I can't see £1 a share coming any time soon.
Here's why I think that.
There is a tad of just over 1.8bn shares in issue. £1 a share would value the company at £1.83 Bn. I just don't see that we have access to that much Lithium to justify the company being valued that highly. I just can't see it.
Again, just in my humble opinion, once we are in full production and we are offloading every ounce of lithium we mine, I would be more than happy to see 41p a share.
As I say, just my opinion based on no logical argument whatsoever.
Yes your right no one ever sets stop loses or price targets
What's your personal target? Mine is 12p then I might skim some off or sell completely, but depending how my other stocks go I might need to skim some off sooner
Attempting to guess sp movement. If you reach your own personal target sell up and be happy, it might never happen!
I forget the details, I remember last year 41p was mentioned. However things change quickly in this game.
GLA
We’ve got a market cap of £60 mil if memory serves with got Lithium valued at approximately 2 billion with a resource upgrade to come
I’m sure there’s better people on here who know the figures better than me
A £1 would be very very nice but can’t see it
Is lithium back in vogue?
Forgot about this but held on anyway. Any price predictions as either as a short term trader or long term investor? Happy to hold until £1, I’m in no hurry 🤓
Post on X from SAV
Yesterday, the
@EUCouncil
of the European Union took a significant step towards achieving a “secure and sustainable supply of critical raw materials” by officially adopting the Critical Raw Materials Act (CRMA).
Savannah fully supports the #CRMA and recognises its significance. As a key participant in the lithium value chain through our Barroso Lithium Project, #SAV remains steadfast in its commitment to contribute to the EU's energy transition and securing strategic autonomy.
@jobrouns1
, Flemish Minister for Economy, Innovation, Work, Social Economy, and Agriculture, highlighted how the #CRMA "will boost our mining sector, enhance our recycling and processing capacities, create local and good quality jobs, and ensure that our industry is up and ready for the digital and green transitions."
https://www.consilium.europa.eu/en/press/press-releases/2024/03/18/strategic-autonomy-council-gives-its-final-approval-on-the-critical-raw-materials-act/
I think our local hero is still accumulating, snapping up bargain basement stock. I'm hopeful we will hear a game changing rns report fairly soon, further upgrades, finalised dfs etc etc gla
Seems the presentations, election over and fuss over Portuguese government ministers is over, heading back up to year high of 4.9p?
True value of Savannah is yet to come.
There are many of us who have been invested for a few years with several million shares each, looking forward to £1 lol
Some decent sized trades going through could be our man again or hopefully I
Someone went big around 11 am picked up 50 shares
Everything crossed