Pathfinder Minerals Share Discussion Threads

[gsg] 30/10/2020 15:13

Coley. Not quite sure what to think re todays rns. At least they say news is imminent, so we'll find out sharpish.

[coley15] 30/10/2020 12:09

GSG - any views on todays announcements?

[lady_g] 30/10/2020 07:30

What a terrible set if interim accounts. For the first time ever not a single word about Veloso. Previous reports gush about deal done with Veloso family....blah blah. Now nothing. Are the rumours correct? Did he sell on the same way his partner Cavaco did? Who the hell now owns this licence?

How on earth do we shareholders keep the faith based on this Chairman's report?

[coley15] 30/10/2020 07:19

"The Board is in the process of undertaking a review of this strategy and intends to update shareholders imminently with a clear and decisive course of action."

[gsg] 29/10/2020 22:43

From Savannah's interims released yesterday.

Mineral Sands Projects, Mozambique

With the last of the three key Mining Licences formally awarded in January 2020, Savannah accelerated its work on the project in the first half of the year to ensure compliance with the near and long term requirements of the new licences and to re-activate the Pre-Feasibility Study. Prior to COVID-related restrictions impacting on field activities, our local team and its consultants successfully demarcated the boundaries of the licences as required by the licencing regulations. The licence regulations also require Environmental Impact Assessments to be completed on each concession and that land use and utilisation agreements (DUATs) are in place. Competitive tender processes were held for both these major pieces of work. As a result, work on the DUATs is well underway, and Savannah expects to appoint a consultant to begin the critical EIA work in the coming weeks.

We have often highlighted the significance of the 4.4Bt, Indicated and Inferred Mineral Resource at Mutambain the context of the global mineral sands industry. The project is one of the largest undeveloped opportunities worldwide. Furthermore, the presence of Rio Tinto as joint venture partner and product off taker should, in our
view, provide an indication to the market of the project’ssignificance and potential. However, Savannah ’s board, like many of our shareholders, has believed for some time that this potential is not fully appreciated by the capital markets. Perhaps the higher priority that we have placed on Mina do Barroso in the last two years has
impacted the market’s perception of Mutamba, as may the extended period required by the government to assess the consortium’s mining licence applications during 2018 and 2019. Whatever the reason, Savannah is taking action to make Mutamba’s valuable potential more apparent for the benefit of all our stakeholders.

Having discussed the situation with our partner, Rio Tinto, Savannah recently took the decision to appoint Farview Solutions as strategic adviser to the company in relation to Mutamba. Farview Solutions is run by Bruce Griffin, one of the most experienced executives in the titanium and mineral sands industry having held senior
positions with BHP Billiton, TZMI, Lomon Billions and currently as Commercial Director for Sheffield Resources.

Savannah will work with Farview over the coming monthsto not only identify the best development strategy for the project from a technical and economic perspective, but also to potentially create a commercial and corporate structure around the project which allows its market value to be properly recognised.

The prize of eventual mineral sands production certainly remains worth chasing. Mozambique-based mineral sands producer, Kenmare Resources, reported ilmenite prices rose for the fifth consecutive quarter in Q2 2020 with demand holding up whilst supply experienced some COVID-19 related constraints. We look forward on reporting back to our shareholders on the plans we create for Mutamba with the assistance of Farview and our partner, Rio Tinto.

[gsg] 29/10/2020 22:32

Savannah Resources appoints Farview Solutions as Strategic Adviser to help guide development path for Mutamba Mineral Sands Project.

Mutamba, located in Mozambique, contains one of the world's largest undeveloped mineral sands deposits comprising an Indicated and Inferred Mineral Resource of 4.4 billion tons.

Savannah Resources PLC (LON:SAV) has announced the appointment of Farview Solutions as Strategic Adviser to help guide the development path for the Mutamba Mineral Sands Project in Mozambique and recommend associated strategic opportunities for the company.

The resource development company pointed out that Farview Solutions provide strategic advice and advisory services to the mineral sands, titanium pigment and industrial minerals industries. Bruce Griffin, the owner of Farview Solutions, will be primarily responsible for advising Savannah in relation to Mutamba.

In a statement, David Archer, Savannah's CEO commented: "Bruce is one of the industry's most experienced executives and has a deep understanding of Mutamba from his time at TZ Minerals International Pty. Ltd. (TZMI), where he was the CEO, whilst it undertook the Scoping Study of the Project. Mutamba is one of the largest undeveloped mineral sands deposits in the world and Bruce will help Savannah define the best value-adding development, commercial and corporate paths, both to help unlock the value of the Project and to sequence it into playing a major role in the production of titanium feedstocks for international industry."

Griffin, the owner of Farview Solutions, is Commercial Director for Sheffield Resources Limited and a non-executive director of Titanium Corporation. He was formerly the Senior Vice President of Strategic Development of Lomon Billions Group, the world's third-largest producer of high-quality titanium dioxide pigments.

He has also held executive management positions in several resource companies, including chief executive officer of TZMI, the leading independent consultant on the global mineral sands industry, a director of World Titanium Resources, a development stage titanium project in Africa, and Vice President of Titanium for BHP Billiton.

Mutamba is located in Mozambique and contains one of the world's largest undeveloped mineral sands deposits comprising an Indicated and Inferred Mineral Resource of 4.4 billion tons, grading 3.9% total heavy minerals. The project's granted 25-year mining leases cover an area of 537 square kilometres.

Savannah is the operator of Mutamba, which is held in a joint venture with Rio Tinto. Savannah holds a 20% interest in the project and will increase this to 35% upon delivery of the Pre-Feasibility Study, which is currently underway, and ultimately to 51% upon delivery of a Feasibility Study.

[coley15] 27/10/2020 12:43

Hopefully the former 😀

[danieldanrichardson] 27/10/2020 11:26

Interesting price action and trades this morning.

[gsg] 26/10/2020 19:07

Gulp... Just skimmed this thread from the start to the present day. What a mess it has been. Every wacko and low life on advfn has turned up on this thread at some point. Still, that's why it has negligible value I suppose. Hoping that a watershed is close, however that's what posters thought in 2013. lol

[gsg] 22/10/2020 11:52

It must be about 15 years since those BMR agm's. Yes, all is well, hope you are doing fine and that we do ok here.

[coley15] 22/10/2020 11:29

Ha ha. Yes great to hear from you sir. I link in with a certain JLP poster ;0) Hope all good with you?

[gsg] 22/10/2020 11:19

Bloody hell coley. Long time no hear. What brings you to this part of the world?

[coley15] 22/10/2020 10:43

Is that the fun over with now?

[eblitz1] 19/10/2020 13:40

No Problem
Call me before 4pm if you can
Regards

[gsg] 19/10/2020 13:25

So a window of opportunity seems to be opening up for any announcement.

Align's new equity will be issued on or around the 21st October.

Delayed results will have to come in before the end of October.

Former director overhang almost cleared (supposition on my part). The company would not want to put out an announcement just so an overhang could be sold into it.

So an RNS between the 22 October and 30 October would fit nicely imo. Just a guess.

[gsg] 19/10/2020 13:12

I think I'll struggle to be free by 4pm. Maybe we can chat tomorrow?

[eblitz1] 19/10/2020 12:55

Can you make it 4.0'clock as I have an appointment at 4.30

[gsg] 19/10/2020 12:15

eblitz. No worries. I'm on the road at the mo. How about a chat later this afternoon? How's 4.30pm for you?

[eblitz1] 19/10/2020 11:07

GSG
I'm sorry you didn't get the message I sent. You can call me whenever you want to no problem

[gsg] 19/10/2020 10:34

Feels like an echo chamber in here.

Another 2.5m sold this morning in 1m's and 500k. If it's the seller I think it is, they must be almost out.

[gsg] 16/10/2020 10:18

Having a guess as to the identity of the 1m and 500k seller, and tracking the sells over the last six weeks, imo there could be approx 3-4m shares left in the overhang, which shouldn't take too long to clear. However if the guess as to their identity is completely wrong, in which case who knows?!

Took another 500k first thing this morning. Was hoping to get to 1% but will stick at 3m.

L2 2 v 1 with a narrowed spread, so wouldn't take a lot to tick up again.

[gsg] 15/10/2020 14:54

Well, our CEO's former company Alien Metals, has gone vertical today. Lets hope he can do the same here.