Member Info for Laura2022

And again

Maybe some background buying to show?

Looks like the next move up

Huge seller cleared SAV....should do A EMH

Tiny free float

100% target

This should be moving well past 5p now

Cleared the path for a big rise

Looks like that on the 1 year chart a clear break of 4 5-4.8p signals an important #step .

Financial position

Cash generation from operations was £0.35m (H1 2023: £2.35m) and as at 30 September 2024, the Group's net bank debt, excluding the impact of the IFRS16 lease liability, was £6.66m (H1 2023 £5.57m), representing an increase of £1.81m compared to the end of the previous financial year as cash balances decreased and a new convertible loan note was issued for £0.99m to fund the acquisition of a complementary driver risk solution as reported in the Group's FY2024 results.

The reduced cash generation from operations was again down to Insurance device sales being lower than expected, which compared to Fleet contract wins, turn to positive cashflow in shorter timeframes. We continue to hold more inventory than desired due to Insurance sales volumes and committed material purchases during 2023 when lead times were in excess of twelve months - this represents an opportunity to improve the working capital position as device sales return.

During the period, we agreed revised agreements with both HSBC and Maven and the Group continues to closely monitor its working capital position.

The overall cash outflow for the financial period was £1.04m (H1 2023: £0.25m). Cash on hand was £0.35m (H1 2023: £0.87m) with £0.5m in unused overdraft facility at the period end.

Pity I didn't quite manage all of that

What an amazing ride last 6 weeks

It seems

Osaka

Thanks for that ..yes 4.6p

Doesn't seem to be much to buy at 3.6p?

Fell from 15p to 7.5p on seller

Seller now out

Cashed till H2 2026

Wadagora

Absolutely

£95mln for this huge critical project is too cheap

Now 7 8/8 ansld hardly any stock at 8p

Bought yesterday

I'm my view

I agree Tony

Savannah will now engage with the European Commission to fully leverage the opportunities which the new project classification provides. This will be done in parallel with our ongoing work to complete our RECAPE submission and the Definitive Feasibility Study by the end of 2025, with view of initiating production in 2027.

Emanuel Proença, CEO of Savannah Resources stated: "The conclusion of the Strategic Project classification process marks a significant step toward fostering a more resilient and secure supply of critical raw materials essential for Europe's green and digital transitions, as well as the aerospace and defence sectors. In terms of the Barroso Lithium Project, it recognises the quality of the work Savannah has been undertaking for years, not only on the technical aspects of the Project but also on its social and economic parameters, including our engagement and collaboration with our local communities. Savannah's local staff now number around 30 people, who live and work in the Barroso area every day, and many more will follow. Savannah is committed to the sustainable development of the Project, attending to the needs of the community and creating the conditions for a solid economic development of the Barroso region."

Huge