Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
1)We know PM Costa is promoting Lithium mining in Portugal.
2)He actively sold Lithium prospects to S.Korea and mentioned the six upcoming license bids
3)Savannah have produced the most Environmentally detailed plan of any prospective Lithium miners in the EU.
4) If Savannah don't get EIA approval the six mining license bids are dead in the water.
Savannah have really gone to town on reassuring the locals about how they will work with them and do everything they can environmentally.
On to approval "Savannah announced on 6 July 2022 that it had agreed to the EIA review process entering this additional phase. On 16 March 2023, the Company announced that it had made its resubmission to APA ahead of the required deadline.
Following resubmission, APA has a maximum of 50 business days to review the resubmission and provide its DIA"
on it's way back up - 1.76 GBX -0.066 (3.62%)today
My two penneth. MM's up to usual tricks with a shake down to get stock. Gradual rise now as confirmation of grid connection and rates confirmed. Previous RNS stated all wells connected later in April "we expect to realise the combined flow rates of all three wells later in the month."
I always try to remember Warren Buffets advice when investing "The stock market is a device for transferring money from the impatient to the patient.”
Easy to have Patience for a producing company.
Good video but at last we are on the home leg.
1) Decision by 31st may at the latest
2) PM Costa promoting Portugal in S.Korea as Europe's biggest lithium producer.
People getting in before the decision.
Now up 11% must be a hidden buy. Are S.Korea looking to buy?
Many big buys showing, about to get a tweet?
Noone producing but there is a company very close to producing with opencast environmental credentials - available to buy for 25p a share ;-)
31st of May ;-)
System Entry Energy, EOD (kWh) 1,732,222
System Entry Volume, EOD (mscm) 0.15180
Two other bonus's mid/long term.
1) The company has stated it will pay a dividend.
2) Gas storage is a very real possibility for Saltfleetby.
Also worth noting the hedge amount starts dropping in July and then again in 2024. Finally Angus are released from the Hedge completely in 2025. The field is expected to run for at least 10 years and will then be generating clear revenue of £12m a month. For mid term investors this is a no brainer.
Extremely happy with 6mmscfd.
Looks like a negotiations are possible. Ukraine have accepted they need to discuss Crimea sovereignty with Russia.
https://www.theguardian.com/world/live/2023/apr/06/russia-ukraine-war-live-powerful-blasts-in-occupied-melitopol-von-der-leyen-and-macron-in-china?filterKeyEvents=false&page=with:block-642e5a758f08547fbc665e42#block-642e5a758f08547fbc665e42
This is how it will go.
"Those fighting this bitterly-contested project by British company Savannah Resources concede the extension may not in the end make a great deal of difference – but at least authorities have shown “some recognition that public participation is not simply a formality”.
We are now on the high value slope. Contect to grid and the best share price in the months ahead.
www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
Earnings from sidetrack ...
at 5mmscf/d = around £5million a month
at7mmscf/d = around £6.5 million a month
*based on £1 /therm
Thought I'd make you all aware of Angus energy latest. Saturday night at 21:20 they answered some investor questions on the Web site declaring there will be a RNS Monday morning giving the gas flow rates from a brand new well just drilled and cleaned. Get in early.
All I'm invested here and Savannah resources but just thought I'd make you all aware of Angus energy latest. Saturday night at 21:20 they answered some investor questions on the Web site declaring there will be a RNS Monday morning giving the gas flow rates from a brand new well just drilled and cleaned. Get in early.
Push2 - from the Twitter pictures from Thursday of the Coil tubing going into the hole and the N2 tanks attached is it safe to assume we are now doing the 48 hour acid soak?
Push2 can you help answer? Now we are nearing gas flow from the sidetrack and banking on an excellent flow rate -
What is the maximum through put of the second compressor?
What would be a reasonable through put without pushing it too hard?