Market's view on Savannah Resources
Published on April 2024
- Expectations for potentially significant news related to drill results for NOA by the end of the month, alongside an online investor update.
- Discussion on the disadvantages of sodium batteries compared to lithium, highlighting issues such as lower energy density and shorter lifespan, which may limit their use in electric vehicles.
- Personal experiences shared regarding the practical use of electric vehicles, noting a significant disparity between the advertised and actual range.
- Mention of a significant transaction where a shareholder sold a substantial number of shares but retained some as ‘freebie shares’.
- Insight into Savannah Resources’ role in the European lithium market, especially their focus on the Barroso Lithium Project in Portugal which aims to support the electric vehicle sector and contribute to the reduction of emissions.
- Speculation about the timing of company announcements to possibly coincide with Earth Day to capitalize on thematic relevance.
- General sentiment that despite some positive developments, the company’s stock performance remains underwhelming, with instances of the share price falling post-announcement.