focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Good spot Themightyall. Excellent !
I wish our own government would start putting suitably qualified people into high office, instead of the system of "Buggins' turn" that they seem to use.
P.S. I've tabled a question for the investor presentation to ask them what they think of the coming of sodium batteries
Yes, solid state batteries use lithium, though solid state using sodium is not impossible.
Sodium batteries generally have considerably lower power density than lithium batteries, which means they have to be used in smaller (i.e. lighter) vehicles, or you have to make large batteries, which is OK for storage applications but not for vehicles.
The biggest advantage of sodium batteries is that they should be cheap - no mining, *just* extract the sodium from seawater. They will however need many of the other materials (copper. manganese, etc) that lithium batteries do.
I agree with Robinvip1 that lithium and sodium batteries are complementary in their applications and as batteries generally improve the market will grow so that there will be plenty of room for both.
All in all, lots of good stuff to come, and relatively soon.
Was hoping for an update on resources - 9 April RNS "The Company expects to publish the first of its new JORC Resource estimates, on the NOA orebody, later this month.".
Also I seem to recall them saying there should be more on partnership agreements by the end of April, but I can't find the reference to that at the moment.
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.
Big fish businessman and investor in Portugal must have his ear to the ground and be confident this is a good investment.
Is there any way we can ask the Public Prosecutor's Office of the Central Investigation and Criminal Action Department to come here and investigate our government ministers over the PPE contracts, as our own police don't seem to be interested :-)
Interesting article in this week’s Economist on Superbatteries (solid-state Li-ion). Some choice quotes:
“…carmakers have been looking to replace traditional Li-ion batteries…with more advanced “solid state” versions.”
“… the first solid state Li-ion batteries due to go into production within the next few years.”
“Toyota…recently announced …a technological breakthrough…with plans to start manufacturing a solid state battery as early as 2027”.
“Japanese carmakers have made great advances in working out how to manufacture solid-state Li-ion batteries at scale.
“Solid state batteries will significantly consume more lithium”.
“Batteries containing higher-capacity cathodes and anodes will need 40-100% more lithium”.
“…companies need to secure their supply lines.. That will be difficult because...new mines…can take a decade or more before they reach full production.”
“One way or another…solid-state Li-ion batteries are coming down the road.”
Sounds to me like SAV’s timing is perfect!
Wondering about offtake agreements...
I guess we're not really ready to do deals yet, and probably wouldn't be wise as prices are still rising.
But there's going to be a shortage of product in the next few years, and buyers are going to be clamouring for product. So why not take a cash payment just to buy a seat at the table? Guarantee supply of up to X tons, but price to be fixed later?
Toyota working on a new generation of solid state batteries:
https://www.ft.com/content/87cb8e92-8e82-4755-8fc3-2943f8f63e1d
Import point: "They replace a liquid electrolyte with a solid one and use lithium metal at the anode instead of graphite". Means more requirement for lithium!!
In line with the Chairman's stated aim to increase market awareness of us, perhaps a change of name would help? "Savannah" conjures up visions of Africa, with all its attendant problems. Perhaps something closer to home (and more relevant) would help to focus attention on what we're doing. "Euro Lithium" is taken but I'm sure that clever marketing people could come up with something equally direct and meaningful.
FinnCap current price target (Sept 21) 9p.
SR123: "As expected, started to rise and getting harder to buy :)"
chrissev1: "Just bought 8 million this morning. Not sure if brave or stupid."
You guys need to do a better job of coordinating your ramping. Chrissev1, you just tossed out £100k on a punt. ha ha ha.
"Oil is not dead because of Biden"
Famous quote from Saudi oil minister some years ago:
"The Stone Age did not come to an end for a lack of stones". Meaning when better alternatives are developed, things move on. So it will happen with fossil fuels. Not to worry for us now, oil will be needed for many more years yet to come.
Paris to dodge the shareholders while keeping travel costs for co. Officers down. No other reason to come to Europe then not have it in UK.
News item is dated january 2013!!!!
I'll repeat my fag packet calculation from a few weeks ago (which seems to have disappeared).
We have 520m tonnes of coal in the ground. If valued at $1/tonne "in the ground", that's $520m, or around £400m. Spread over 98m shares, that's £4.08 per share.
Now there will be arguments up and down. The Chinese will be saying "well you can't sell it to anyone else, so we'll give you £1 a share". Tang will be saying "well you can't get the coal you need anywhere else, so you can have it for £5/share". I reckon they will settle for a value based on an industry-standard valuation of coal in the ground, adjusted for capital requirements and ease of mining.
Regarding timing, the Chinese won't make an offer until they are sure of getting government approval for the whole project (or at least until they know "the fix is in"). If the latter, they may make a low-ball offer on the basis of "take this now, or take your chances of not getting final approval".
Interesting times, but I'm still convinced Tang is aiming to sell outright - for the right price - and won't want a long-term partnership agreement.
Ah yes, thanks! Easy to forget sometimes that GCM is a UK company.
Probably something I’ve missed, but why would they want/need to stay below 30%?