Member Info for CleverSheep

The sp is not "being held back". That's not a thing, no-one has the power to do that (at least not legally). If there's buying pressure, the price goes up. If there's not, it doesn't.

The sp is not going up because (a) there's been no no news for a while, and (b) general sentiment in the lithium market is subdued at the moment because of the depressed spod price.

The sp is not falling because SAV's underlying business case is good (in fact excellent) and the low spod price doesn't directly affect us at the moment as we're not yet producing and trying to sell. Plus, plenty of good news is anticipated over the next few months.

I know it's frustrating seeing the same sp day after day, just hang tight. Good change is coming!

Found it. May 24 corporate presentation, slide 31: "DFS (by the end of 2024)"

Tony - Not doubting you, but can you point me to where they said DFS in Q3? I thought all they've said so far is "before the end of the year". Thanks.

Osaka, you could have left it at "It’s standard practice", just to avoid appearing, you know, unhelpful.

Is there anyone with knowledge of Companies Law who can help with this?

For the AGM next week there is this resolution to be voted on:

"THAT IN SUBSTITUTION FOR ALL EXISTING AND UNEXERCISED AUTHORITIES AND SUBJECT TO THE PASSING OF RESOLUTION 6 ABOVE, THE DIRECTORS OF THE COMPANY BE AND THEY ARE HEREBY EMPOWERED PURSUANT TO SECTION 570 OF THE ACT TO ALLOT EQUITY SECURITIES(AS DEFINED IN SECTION 560 OF THE ACT)"

Having been burned previously with another company getting up to some skulduggery with share allocations I am wary of this.

Anyone care to comment?

Https://x.com/benchmarkmin/status/1800544392396132384

"Moores shared: “Lithium ion batteries are becoming better, cheaper and abundant. It is a megatrend that will last the best part of this century, I believe.”"

Thinking about going to the AGM. Anyone else?

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.