Savannah Resources Share Discussion Threads

[ged5] 18/11/2016 11:25

Well 6p bid was achieved. Too tempting for some!

With the expected newsflow I still think this has further to go. Let's see what happens now!

[broncowarrior] 18/11/2016 09:08

Steady progress again this morning, next stop 6p hopefully.

[seagullsslimjim] 16/11/2016 07:38

Yep, the story just keeps getting better and plenty more news by the year end too !

[broncowarrior] 16/11/2016 07:16

More decent drilling results, things keep ticking along.

[seagullsslimjim] 15/11/2016 07:38

With SAV's first close above 5p since 19NOV14, and looking at the main chart above and the run up to the 6p level in the very short term is definitely on the cards!(with maybe an intraday over run too).

That 6p level should then be supported by the expected RNS's too in the next 6 weeks !

[seagullsslimjim] 14/11/2016 14:40

Nice start to the week and continuing to trend upwards as expected :-)

[ged5] 14/11/2016 08:22

Thanks for all your replies. I'd rather they were out working. I was expecting news from Finland this week. Only 6 weeks until the end of the year during which the updated mineral resource estimate is expected.

My apologies yorkie for missing you out. You dont seem to post as much as the others.

[seagullsslimjim] 11/11/2016 10:17

iLeeman - if you use the 3 year chart then 6p will be the next resistance

The one off spike of Jun 2015 isn't solid enough as a measuring tool

[ileeman] 11/11/2016 09:30

Looks to me SAV is gearing up for a very large move. Currently above major resistance, a close above that line should see this run alot higher.


free stock charts from uk.advfn.com

[seagullsslimjim] 11/11/2016 08:12

no stopping copper this morning from its ongoing surge !

[inbrackets] 10/11/2016 22:01

Ged5, you have been reading the back catalogue and doing some research. Sensible and congrats. Some of the early comments may have been speculative theory and hope but the general direction of travel has been broadly accurate.In many ways, at least for me, I was sold the first time I met DA at a presentation evening. It was a question of trust. Doesn't mean that the investment has not been under review or left but I have never felt any loss of trust in what they do and how they go about things. It's a tight team of committed players.As yorkie says, they have been travelling across the different countries and bearing in mind there would seem to be a number of things coming to a head, it may be a bit pressured. I know they take interaction with shareholders seriously. I am sure that they will reply when able.As you say, I have been a shareholder since AME days and have seen it spike to 14 and drop to 1.4. I have not lost one iota of confidence that this will get where it is heading and it has been heartening that so many other far more capable people and organisations have come to the same conclusions over the past three years.

[seagullsslimjim] 10/11/2016 20:23

ged - been here for 3 years now and just before the spike up to 12p

at that time it was a side investment, but now my main one

I was always surprised that it dropped through 4p a couple of years ago and have been scratching my head many times since then.

As the ducks line up ever more then the next 15-18 months are going to be thick with news flow.

[yorkie14] 10/11/2016 19:08

I know they are travelling about a lot at the moment, hence the reason Dale did the interview recently. Probable reason for no response at the moment!
GLA

[kyoquot] 10/11/2016 17:25

Mañana?

[seagullsslimjim] 10/11/2016 17:07

then again !!! :-)

[seagullsslimjim] 10/11/2016 14:03

still see a 5p+ finish by the end of the day though

[ged5] 10/11/2016 14:00

A little profit taking both here and in copper. Quite healthy since it was looking overbought.

No doubt the sellers will be buying in again fairly soon. Only 7 weeks until the end of the year and there seems to be a lot of news to be announced in that time.

[seagullsslimjim] 10/11/2016 12:34

Onwards to the indicative short term 6p charting target

Currently 5.1p - 5.5p spread

[ged5] 10/11/2016 12:15

So Druckenmiller (Duquense Capital Founder) speaking now on CNBC thinks the 4% rise in copper today is more to do with economic growth than infrastructure. He's very bullish on commodities.

[ged5] 10/11/2016 10:11

I agree the price of copper is going to be increasingly important. Sav themselves put a chart on page 6 of the presentation showing the predicted supply gap of copper just after they will be producing. But unless they had a crystal ball they couldn't have envisaged a President of the biggest economy talking about infrastructure on being elected.

Listening to CNBC these past couple of days it sounds like a lot of money is going to be put into the infrastructure.

I think SAV is in the right areas with both copper and ilmenite.

[seagullsslimjim] 10/11/2016 09:39

nice to see a 4.8p - 5p spread

The main chart resistance was 4.5p and from the main chart above it could well run up to 6p in the very short term !

[broncowarrior] 10/11/2016 09:24

Global uplift for all that infrastructure building Trump has planned.

[seagullsslimjim] 09/11/2016 20:45

Well copper went bonkers today !!!

[ged5] 09/11/2016 10:49

Thanks inbrackets! Did you also see the article from yesterday afternoon:-

hxxp://www.proactiveinvestors.co.uk/companies/news/167219/savannah-and-rio-tinto-sitting-on-massive-mineral-sands-resource-167219.html