The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Losses are from increased activity in taking project forward
Fund Raising was over subscribed
Recent drilling results very good
Plenty of planned news to come within weeks (Resource upgrade, Partner Update, etc)
Could be watched but depends what side of the fence you are on. In my honest opinion, there is certainly a high chance of Missing Out when news comes.
Bigger losses, more fundraising no difinitive PAT - Best watched and not a good investment at the moment.
'Mr Emanuel Proença has been appointed as an Executive Director to the Company's Board of Directors with a commencement date of 15 April 2024, and has elected to take his fixed 2023 bonus in shares in lieu of cash.'
Nice!
And the good news starts today !
GLA
To May, and hopefully lots of news before then, as promised. Lots going on not only on the ground but more importantly in the background, exciting times. Wonder what next week might bring...
Massive re-rate incoming, wouldn’t be surprised to see 100-150% by end of month
For those that struggle to translate, some pertinent extracts:
“ "Savanna's process to identify strategic partners has now advanced to phase two, on time…….. "As planned, we are now moving forward with a restricted list of potential partners, who are expected to take the necessary additional steps in the coming weeks,
Emanuel Proença told investors that the strategic partnerships should be signed by April 2024. In addition, the company is also looking for "additional sources of public funding" for the exploitation of lithium it wants to set up in Portugal to start in 2026.
At the end of April, Savannah will publish its annual results for 2023 and will organise a new online event for investors”
If that isn’t the sound of an egg timer being turned over, not sure what is.
Thanks for posting Holt
Great positive article some EU money would certainly grease the wheels
This needs to be read, widely.
Some interesting info in this article
https://www.jornaldenegocios.pt/empresas/energia/detalhe/savannah-ja-comprou-mais-de-100-lotes-de-terreno-em-boticas-para-mina-de-litio
Great news re the wolves.
@ Mick88 & CleverSheep.
Thanks for giving my head a wobble. It was clearly needed. You're both correct.
My position has now been put right. I owe you both a drink when we hit 42p.
So don't forget that I promised you both one. I'll even treat you both to a curry to boot. 😀
@ Mick88 & CleverSheep.
Thanks for giving my
Suggest you re-read the Chairman's Statement from the AGM in June last year:
"The US$953m NPV of the Project equates to 44p/share, or approximately ten times our current share price. Our Project has been significantly derisked by the favourable DIA decision and other lithium stocks which have also completed a Scoping Study on their respective projects trade on an average multiple to their net asset value of around 0.3x. Savannah currently trades at just 0.1x, so we will be marketing extensively over the coming months to highlight this investment opportunity to market participants. Furthermore, as we move through later milestones, such as the DFS, we expect a re-rating in our multiple to the 'post DFS' peer group, currently trading on an average of 0.5x, and the lithium producers average of 0.8x net asset value."
So we SHOULD already be at 3x current price, moving to 5x post DFS.
T700, you are selling yourself short. Just a few months ago, Dale F, the interim CEO at that time had ambitions of the 20's. And that's pre production and based on current data without any increase in reserves or production forecast.
16p is my preferred target, as this will give me a 4x return on my investment. But I imagine I'll be umming & Ahhing at 12p
Hopefully that's pretty realistic. Good luck all.
Yeah, 12-16p mate. I'll be happy with that.
Do you have a targe price Trent?
With updates and info.
NOA Jorc resource - later this month
Visitors “top tier global groups’ - have been and seen
Investor event later this month, details to follow.
Further recruitment planned etc etc. DFS being worked up. Acquisitions continuing.
Very solid RNS.
Very good news, the site visits are a significant + I believe 🤞🏻
GLA
Good news today
Nothing reported ? Non event? No news is good news for SAV
I put a trade through yesterday that's now took my modest holding here to a tad of just over 40,000 shares.
I think I'll have that as my ceiling now and let this one quietly sit on the back burner.
I'm happy with what I have here.