All, just want to make clear the £1 prediction is when we are a producing mine selling Lithium - yes I realise we are talking at least 2026. I'm in for the long term as the price of Lithium will only rise and the Barroso Mine resource will likely double. I also expect Savannah to be granted further mine licenses in Portugal on the strength of the excellent environmental impact analysis produced for Barroso.
I was gob smacked. Up to now he has kept it informative, factual and positive. Then when we get a definitive success RNS with a near date for all three wells connected to grid he dissed the company. It smacked of manipulation in order to gain cheap shares.
With first gas from B7T today we will get an indication of where we are at.
1) There will likely have been an outage yesterday morning while the new well was connected to the grid. 2) Therefore unlikely to see the suggested 6 mmscfd on day one. 3) More important will be the calorific value, anything above 41 MJ/scm suggests that cleanup has gone well and the gas produced from B7T is of high quality. 4) Today' output (in tomorrows figures) will show if it hits 6 mmscfd, this means we can easily hit 10 mmscfd with all three wells, happening in one weeks time. 5) Share price should steadily climb for the next week, with all three wells I'm expecting a surge in share price as we are generating real profit.