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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
@ Pedro123.
Fingers crossed for you mate.
Just over half a million shares in one share? That's some pot.
Taking risks to that level, you deserve all the rewards you get mate.
I hope lady luck smiles on you. You'll deserve it.
Hi
I bought a shed load way back in the day when they were 12p and Ive sat tight ever since just hoping to get my momey back hopefully with a bit of jam.
Trent
Yes is a bit chunky but I have a pot for AIM shares and that’s all I use
So in here and Char hopefully things looking up on both fronts
I’ll top slice at 10p or there abouts let the rest run a bit longer then I’m off into the sunset
@ Oscar that's quite a chunk you've got there mate. You deserve to do well for yourself if/when you reach your sell point, (if that's your plan.)
I'm not anywhere near being in that deep, with my 38k share holding, I'm quite some way behind you, but I'm adding once a month where funds permit. I'm not too sure where my ceiling lies at the moment, but if I see 12 - 16p a share, then I'll be more than happy with my result. Good luck to you with your holding. Whatever your plans with it is.
Trent
I would say that’s the case with many on here
Bought my first Sav shares way back in the day for under 2p and bought more on several occasions thinking progress was beening made only for it to fall back again
Got 600k of these now I’m just over break even so hopefully onwards and upwards
@ Oscar1210 anything's possible.
As I've said before, I'm not particularly au fait with mining shares or companies, so up until recently I shyed away from them, but looking into a lithium miner made some sense to me as a punt with the potential rise in demand of Li due to the possible rise in demand for EV's and the suchlike.
With an average price of 4p a share Due to buying and topping up at various times over the past 12 months, I'm not too far from break even at the moment.
I'll be sitting quietly in the background watching how things develop here I think.
Magnificent something definitely in the works