Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Res. LSE:SAV London Ordinary Share GB00B647W791 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.20p +5.41% 3.90p 3.80p 4.00p 4.10p 3.75p 3.75p 10,410,885 15:51:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.1 -1.3 - 15.02

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Trade Time Trade Price Trade Size Trade Value Trade Type
30/09/2016 16:37:253.901,000,00039,000.00O
30/09/2016 16:22:504.005,000200.00O
30/09/2016 16:05:163.97431,93617,169.02O
30/09/2016 15:29:153.9760,0002,380.80O
30/09/2016 15:15:043.88250,0009,687.50O
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Savannah Res. (SAV) Top Chat Posts

DateSubject
01/10/2016
09:20
Savannah Res. Daily Update: Savannah Res. is listed in the Mining sector of the London Stock Exchange with ticker SAV. The last closing price for Savannah Res. was 3.70p.
Savannah Res. has a 4 week average price of 4.03p and a 12 week average price of 3.92p.
The 1 year high share price is 4.88p while the 1 year low share price is currently 1.15p.
There are currently 385,160,741 shares in issue and the average daily traded volume is 3,294,978 shares. The market capitalisation of Savannah Res. is £15,021,268.90.
25/7/2016
20:17
seagullsslimjim: BORROWED FROM THE OTEHR BOARD - A Great Summary of SAV for newbies looking in and its undeniable potential in the short, medium and long term !......... "I have been scouting investment ideas in Natural resources companies for weeks/months now and I can't find companies with solid fundamentals and great upside from current share prices. There are a few listed minnows trading below cash value (or equivalents), which is attractive, but the liquidity is often very poor and the upside is limited to that cash amount (which happens to burn fast due to directors salaries and other admin costs and lack of growth prospects). So where do we stand with SAV? First the subjective/qualitative part: I have met David Archer several times and I think he is the right type of executive. Calm, humble but focused on the objective. His past record suggests he's been successful multiple times thanks to those attributes. For more info on DA, check out the article from 2008 in The Australian website. The title of the article is �wine hills overflow with miners�. His technical director Dale Ferguson is also top quality with proven successes in the past and a great attitude. Btw, all this talk above might sound abstract or too subjective to be taken seriously but this matters enormously in the end (notice how warren buffett insist on the quality of his managers). So many CEOs & directors in small listed companies only do their job to afford a decent lifestyle and enjoy the upside if the macro momentum helps their share prices (I don't actually blame them as long as they do it legally but for investors, this is often painful). DA is a genuine company builder with a personal interest in generating wealth for himself over the medium term. Now to the objective/quantitative part: HMS in Mozambique: To put it simply: this is potentially huge. A bit of history: Dale Ferguson noticed this company Matilda struggling for cash, seating on this virgin field, adjacent to RioTinto world class Mutamba deposit. He realizes that it is very likely some of the Mutamba deposit might extend into the Jangamo tenement. So he alerts David and they quickly make an approach. After a few surveys and drills, they realize they do indeed sit on a potentially major deposit of their own. As promised, they published a JORC resource before year end 2014 (which due to misunderstanding on the part of some private investors/bloggers disappointed the market), To prove that the Jangamo tenement and the small JORC defined were the real deal, David managed to get Rio Tinto to sign a JV agreement (yet to be approved by the government I know) to join their combined deposit and let Savannah take care of the project. The reason Rio did this deal is to avoid losing their licence after having spent dozen of millions of $ (one needs to keep progressing/spending to maintain ownership of the licence) while focusing on other commodities (iron ore, copper..) for the time being. Note that Rio, at anytime, can kick SAV out of the deal if they wish to.but at a cost. This works as follows (assuming the JV is approved by the govt..could be any time now): Right now, SAV would own 10% of the joint deposit. At this stage Rio can decide to cancel the JV and pay a multiple of the costs we incurred on our Jangamo tenement. My understanding is that it could be worth a few millions USD. To be honest, this would be a very disappointing scenario but I think its almost impossible this happens and if it were to happen, so SAV is left with their Jangamo tenement (as per the current situation) with a few millions USD in the bank account. So we could progress our tenement further (without Rio) or focus the cash on our Omani activities. So it would still be decent situation for SAV to be in but I much prefer staying in the JV for the time being. The reason why I think its almost impossible we get kicked out at 10% stage is because the point of this JV is for Rio to not be involved in the project in the short term. What I think is more likely to happen is that Rio starts to wake up when the nascent recovery in HMS prices materialize further and the project starts to take shape (PFS or DFS stage). And in that case, im OK with SAV getting kicked out ! Heres why: Once we have the government approval, SAV is gonna rush to get a scoping study out. This is likely to take a few months only. At that stage, SAV gains 20% of the JV and the kick-out terms becomes the payback of the NPV of the SAVs share of the JV. My understanding from David is that he wants to focus on developing a mine plan for the first 200mln tonne of very high grade deposit. We are talking about 10%+ grades for the first 100-200mln tonnes. If you have a look at Base resources and the research reports, this is exactly how they did it and this create NPV (net of capex) around $ 400mln. So 20% of $400mln is approx worth 15p/share. I believe this is the worst case scenario ! After the scoping study, we get 35% ownership of the JV once we publish a PFS and then 51% with a DFS. This takes you to a value of 26p/share and 38p/share respectively net to SAV. And this is for the first 200mln tone mine plan. Don't forget the JV has billions of tones at 3-5% grade (as per Rios published data). The entire JV has the potential (very long term) for multi-billion NPVs. Onto copper in Oman: So here is a very different approach, more in line with David and Dales past experience: small, high grade, low capex, quick payback, high IRR. To be clear the Oman copper project is unlikely to ever attract a major mining company. And this is because the total size of the project is irrelevant for the multibillion mcap majors. However, this is amazing economics for the small and medium size companies. And the payback is very quick. As David mentioned several times, he plans to produce before year-end 2017, that is less than 18 months away. We are still waiting for further results from the drilling campaign but David and Dale feel very confident they have enough deposit to produce over 300k tonnes of copper over time (with gold upside). This kind of project can easily generate 50-100mln $ of cash flow per year. SAV retains on average 65% of the ownership of the licences across the blocks. So those cash flows can be quite meaningful to SAV once they kick in (starting end 2017). By assuming the mine will generate $75mln/year and that SAV will lose another third of the project due to dilutive financing (I have good news there too) and that the mine produces for only 7 years, this project would be worth over 20p/share to SAV. Now comes the good news: Since we plan to produce by yearend 2017, it means we need the money for Capex very soon and start developing the mine. We have one major investor in the name of Al Marjan. Now that we have the board members RNS, we realize that those guys are uber influential in Oman business (former minister for industry and former head of chamber of commerce, board member of large commercial bank). I would like to think that they will plan a key role in helping SAV getting the financing for the capex in Oman. This could be in the form of MDO, the new agency in charge of developing non-oil projects to boost the economy or a loan from a commercial bank. This means it is very likely we DON'T lose another third of the project economics. This would make the above numbers (20p./share NPV Oman) too conservative. All the number above assume 400mln Shares (TVR is currently 385mln but there are some warrants/options that would be exercised if we keep rallying). You could be very conservative and round up the share count to 500mln shares (20% extra dilution at Co level). This would make the numbers mentioned above still very attractive(like 17p/share instead of 20p for oman copper and 12p/21p/31p for the first 200mn tone in Moz @ 20%/35%/51% respectively). So as you can imagine I believe the current share price of 4.5p (£17mn mcap) offers amazing value."
12/7/2016
10:26
seagullsslimjim: Great Board appointments and totally connected to the parties that we will need in Oman. Securing funding shouldn't be too hard either and so that puts share dilution on the back burner as to a fundraising route. http://uk.advfn.com/stock-market/london/savannah-res-SAV/share-news/Savannah-Resources-PLC-Board-Appointments/71943131
12/5/2016
07:32
seagullsslimjim: Nice RNS confirming the next stage of the drilling campaign Only 18 months to being a fully fledged copper producer too http://uk.advfn.com/stock-market/london/savannah-res-SAV/share-news/Savannah-Resources-PLC-Resource-Drilling-Underway/71446296
17/2/2016
16:53
swizz: Good to see another vote of confidence.......GL S http://uk.advfn.com/stock-market/london/savannah-res-SAV/share-news/Savannah-Resources-PLC-Holdings-in-Company/70415225
05/2/2016
12:45
gringosmith: I have been invested in SAV for a couple of years, and following the company as David Archer lines up his ducks to get SAV into production. Although the share price has been hit by general downturn in mining/commodities, the potential here is huge IMHO. DA knows what he's doing (previous track record), knows the right people (Rio, Oman, etc.) and has invested £500k of his own money. There are a group of PI's who have amassed holdings of around 60m shares, so free float is restricted. That said I have managed to tuck away 1.8m shares myself and believe the rewards will speak for themselves. Good luck!
20/10/2015
12:53
swizz: An excellent summary from LVI on LSE......GL S a turning point for SAV (part 1) Created by LeValueInvestor - Today 11:45Today I think 2p (+/-10%) is likely to be the new floor going fwd. The key reason is that we have cash of approx £ 750k (placing + what I estimated was roughly 200-300k of remaining liquidity before that), which should take SAV to Q2 2016. The last 2 placings ( I suspect the first one was with loyal shareholders to enable SAV to buy time while negotiating the bigger placing with strategic local partner) are very high quality relative to what SAV (and most other tiny explorers) usually did (via brokers who manipulate the mkt and dump the stock as soon as they can). The news over the next few months will be very interesting and should ensure that the next time w eneed to raise money, it might be at project specific level (so no dilution at SAV level) or at much higher share price. - we await Moz govt approval on the JV which will allow SAV to publsh a big JORC (we have no control over this approval but I would expect it to happen before year-end). - If so, the JORC will potentially make some positive noise. If this is 1bn+ tones with 3%+ grades (I don’t think we can JORC the full 7-12bn tones Rio indicates just yet), we are talking world class HMS JORC. This will not go unnoticed. - Once we have HMS JORC, SAV can start working on the scoping study. This will be fairly quick (approx 3 months). Remember that scoping study is the first (out of 3) study that will mention the economics of the project (capex, NPV, IRR etc…). This is important because a lot of better –quality brokers will publish on SAV only after the scoping study so they can start extrapolating some kind of valuation based on the project’s economics. My point is that by Q2 next year, we could potentially have respected mining analysts putting valuations on SAV based on world-class HMS deposits/project. My guess is that it will be worth more than £5mln ! a turning point for SAV (part 2) Created by LeValueInvestor - Today 11:48 - On the copper/Oman side, We are awaiting the current drilling results (block 4+5). This should take another 5-6 weeks from now. Based on the VTEM, other producing licences (block 1 – not SAV) and Dale track record in copper mining, we should expect results to be compelling. Once we have those results, we should expect SAV to increase their JORC on block 5 and maybe publish one on Block 4 (extension of Aarja existing mine). - Remember with VMS deposits (im not a geologist but read a few articles on VMS copper), they are small to medium size BUT high grades (cluster). The point being that this can be affordable and high IRR. So the capex numbers required are not crazy amounts and the IRR are abnormally high (think 50%+ as opposed to 20-30% for most other mining projects). So the potential to find financing partners is higher and varied. - Related to the above point, the new local investor might have a role to play there in the future. There have been a lot of articles about how Oman wants to diversify away from oil production and into mining. Having a local instit investor is a step in that direction. I would not be surprised if SAV leverages on this Omani focus to arrange financing on those projects when the time comes. (via partnering with Oman which would help bring foreign investors or via direct financing from Omani entities). It is way too early to speculate more on that but the recent Omani investment is a clear sign of SAV’s closer working relationship with Oman. - Don’t forget that if the copper grades are good at block 4-5, SAV can potentially start producing (which means receiving cashflows) within 2 years (JORC+scoping+PFS+DFS = 18months-2years). Even if VMS deposits are not huge, we are still talking $50-100mln/year cashflows (this is what Block 1 was producing before). All in all, I think SAV is at a turning point. Who knows where the company will be in 3-5 years time (could be a proper midtier copper producer with mcap of 500mln or not !) but over the next 6-9months, It is very possible the market (and especially the mining experts) start valuing SAV closer to £30-50mln Mcap. This means a share price range of 10-20p. For full transparency, I’ve been long SAV for over 18 months so my timing skills are not perfect but I have only been buying more over time and my conviction levels are at its highest currently.
12/10/2015
12:59
ertugrul: -Oman drilling starting this week, targeting a couple of big copper resources (potential game changer) -Confirmation of Rio JV going well and both sides are committed -Gold price is up where company has already confirmed high grades from spring drilling in Oman -ALO share price recovering and JV signed as SAV is the major shareholder. -£1.5m cash currently held as per last CEO's email.
25/6/2015
22:40
seagullsslimjim: Shareprohet article below (makes great reading and thanks to inforthelongtern from the other board)...... Unfortunately there were some technical issues with this morning’s bullish conference call from Savannah Resources (SAV). Fortunately, I was listening so am able to provide an update. CEO David Archer was in ebullient mood and there is little wonder why. This morning, Savannah surprised the market with news of an exciting joint venture in Mozambique with none other than mining behemoth Rio Tinto (RIO). The joyous response has seen the company’s share price rocket to 3.68p, up 77% on the day. This values the business at £8.37million and the ever-impressive Archer suggested there is more to come in a “very active year ahead”. It is certainly important to read this morning’s RNS from Savannah, which contains details of the new JV. However, the conference call added a lot of colour and left listeners with a strong impression that this company could be on the threshold of achieving great things. Although Savannah and Rio’s JV is still subject to certain conditions being met, according to Archer it could open the door to commercialisation of “one of East Africa’s largest accumulations of mineral sands”. This region is already a prolific producer, hosting other major deposits. If Savannah is able to realise the potential it believes is present across the JV this bodes well for shareholders. The JV itself has been set up primarily to combine Savannah’s Jangamo project, with its inferred mineral resource of 65Mt at 4.2% total heavy minerals, and Rio’s Mutamba project, with its exploration target of between 7.0 and 12.0Bt at a grade ranging from 3 to 4.5% total heavy minerals. Although Mutamba doesn’t contain a declared resource, the size of the exploration target is an indicator of the possible rewards on offer. One particularly encouraging aspect of the new combined project area is that the Jangamo and Mutamba deposits are contiguous. According to Archer, Rio is also going to contribute fifteen year’s worth of technical data acquired from Mutamba to the JV, which allows Savannah the opportunity to increase and improve its understanding of the exploration targets through desktop analysis. This might not sound like much, but it does offer the company a low cost means of possibly adding value to the project. This could provide important support to Savannah’s share price, as the company is able to demonstrate progress to the market. During the conference call, Archer made clear that one of the JV’s early priorities is to firm up a JORC resource for Mutamba, with a focus on some of the higher grade targets. This will require drilling and it is Archer’s hope this can begin in the near future, with a base camp already established in the area. By the time Mozambique’s wet season arrives in November, Savannah should have made significant progress in achieving this goal. As well as its efforts in developing Mutamba, Archer says Savannah will continue to make progress at Jangamo. The next step there is a scoping study, with a view to establishing a “flexible low risk dry mining operation, rather than the larger scale dredge mining previously anticipated”. One point Archer was keen to make during the call is that this deal is attractive to Rio because it enables the multinational firm to maintain a “material presence” in this project, while benefitting from Savannah’s lower-cost, “nimble” approach. In Archer’s words, this morning’s deal represents a “new approach for collaboration between major and junior mining companies”. Historically, junior players have tended to conduct exploration, selling successful prospects to larger companies for development. This deal is notable because Rio is handing exploration over to Savannah, in the expectation that the company can leverage its skills and local knowledge to better effect. Shareholders in Savannah might be concerned that if his project is too successful, Rio could want to muscle its way back in. Archer dealt with this point directly. According to him, the terms of the clawback arrangement in place to cater for this are sufficiently favourable that even if this happens, there will still be a “good financial outcome” from Savannah’s point of view. As for Savannah’s other major project in Oman, Archer was pleased to point out the company continues to make progress there. Apparently the VTEM results should be announced “shortly”; and further “on-groundR21; work continues, so more updates should follow. Overall, Archer is confident that Savannah’s strategy is consistent in both countries it is operational in and, as I said at the start, he is looking forward to a “very active year ahead”.
14/1/2015
13:21
ertugrul: Good post on lse Trisse Posts: 457 Off Topic Opinion: No Opinion Price: 2.58 View on SAV re-postToday 13:10 - DA has legacy of taking shell companies into small to Mid-tier status (including dilution but still share price up). - The bulk of his experience and success is in Copper. - He invested GBP 500k of his personal money to acquire approx 20% of the company (AME/Savannah) in August 2013. . He also owns a large amount of options. So his interest is effectively bigger than current 10%. - So far, he has made no money whatsoever from SAV. - He gets paid some director fees at other Co's so he can keep focusing on long term results at SAV. - He is probably worth a few millions based on the # of Hillgrove shares he used to own (17mln shares around 2 AUD at the time). Again he can remain focused on SAV without worrying about near term money. - Dale Ferguson, the chief geologist has been working with him in the past so we can assume he is part of the past successes and DA values in his input. Dale found Jangamo and Oman. - Jangamo was pure greenfield, 12-15mth to get to JORC MRE is not long (i know it feels like eternity to us Pis). - Yes, the MRE is small but the grades are great and it gives strong indication of overall potential of Jangamo. - Overall Jangamo potential much bigger. You cannot just multiply the MRE size by the total size of the Tenement though. The whole tenement is not at 4% HMS. - By roughly looking at the strong anomalies on the map, I would conservatively say we can assume Jangamo can host 7x the existing MRE - I see current MRE NPV around 200mln USD, total jangamo could be worth 1.5bn USD NPV. Thats very crude but rather be conservative. - Can DA sell jangamo outright in its current status, maybe, maybe not. We just dont know. - We know there is increased interest in HMS at the moment (Iluka, Chinese, etc..) - Will APF be involved with SAV? My guess is yes but maybe more for copper. Again, we just dont know. - Copper in Oman is early stage but we know the broader area is geologically very attractive. - Some blocks nearby produce over 150mln USD cash flows per annum. - We are too early to be able to extrapolate NPV in Oman so I wont do it but the geology is attractive, DA and Dale are copper experts and Oman is friendly. - On the financial side, we have about £ 2mln of cash. This is enough to cover this year's commitment in Oman. What about Jangamo,? Then I assume we want to sell or get someone else involved in further drilling. Or APF gets involved in Oman and we can reallocate the cash towards Jang. - Bergen was a poor deal, I think DA learnt it at his expense. This is behind us. - Wealthy PI Remy bought a decent stake. Does he know something we dont? I doubt it but still good to see bigger money involved. - Current Mcap is £6.5mn. Cash is over £2mln, ALO is worth over £1mln so the share price values Jang, Oman, David & Dale at £3.5mln with minumal admin costs and execs's interest aligned with sharehodlers. - The shares are very attractive from
10/12/2013
09:15
howdlep: At the current price of 2.2p for ALO shares:- Total value of shares owned/to be converted = 152,173,916 x 2.2p = £3347826.152 Less cost of converting 30,434,783 shares @ 1.15p = £350,000 Total value of ALO investment = £ 2,997,826.152 Plus £1,000,000 cash raised in 2013 = 3,997,826.152 Current market cap of SAV @ 3.75p is £5.2m So the rest of the SAV portfolio in for just £1.2m. See company presentation out yesterday re assets Http://savannahresources.com/SavannahCorporatePresentation131209.pdf Time for SAV share price to catch up with ALO...
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