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Savannah Res. Share Discussion Threads
Showing 2701 to 2725 of 2725 messages
|Just ten working days until we pass the half way mark of the second quarter. After that date we will no longer be in early second quarter. Look back at the Final Results to see the expected news flow for Q1/earlyQ2. Some have already been announced. Some could be transformational.
A number of sells again this morning which in turn brought out a number of buyers including myself. Is today a turning point?
Let's see what the next few weeks bring! Oh hang on that'll just be the start!|
|Apparently a good turn out of directors. The placing was oversubscribed and the subscription went to Al Marjan - a major shareholder and Matthew King - Chairman.
I think these shares are in safe hands and will be tightly held.
My figures on the number of shares didn't add up so I went back through the announcements.
I noticed 1.5M options were exercised on 28th November by a former employee. I wonder if these shares are the ones being sold over the past months.|
|All resolutions passed and some shares issued. Hopefully held and not sold down.|
|I'm very chilled about this stock. Mining takes ages, just have to be patient and look at the grades and the ability to raise finance to actually start mining. Both here are good in my view.As soon as Oman starts producing it will be a completely different story. The cash flow should fund the Moz mine start up.|
|Thank you yorkie!
I liked the comment between 5 and 10 times upside. 50p would do me nicely. Surprisingly in the context of the discussion those figures seemed realistic.
Of course I'll keep the faith. I know that if I need reassurance all I have to do is email the company. That's one of the reasons I'm invested here. The management go out of their way to communicate with investors.
Thanks again! I'm sure others will also enjoy that interview.|
Here's a little cheery note for you. Keep the faith and remember CEO's history of delivering for shareholders. Listen about 26 minutes in.....
|A bit harsh perhaps! Certainly no promises given individually! Perhaps I was just trying to get a reaction!
There were certainly some time scales given. I've revamped post 2617 to put in order
Oman Block 5 updated Mineral Resource estimate in Q1 2017.
The results of a high-powered ground electromagnetic ('EM') survey commenced at Lasail and Bayda are expected in Q1 2017.
Ravene Scoping Study Moz
Mineral sands industry expert TZ Minerals International ('TZMI') has been commissioned to conduct the study, with completion expected by the end of Q1 / early Q2 2017.
Environmental studies for, respectively, the Mutamba Project North and Chilubane deposit expected to be finalised by the end of Q1 / early Q2 2017.
Follow up work (to previous drilling) is now being planned for Q1 / early Q2 2017.
Oman Environmental Impact Assessment ('EIA'). finalisation of the EIA is expected in Q2 2017.
Oman feasibility studies and ultimately Ore Reserves.
Mining targeted to commence in late 2017.
Moz pre-feasibility and feasibility studies, commission a pilot plant, proof-of-concept bulk sampling programme, determine commercially viable processing routes and commence mine construction, which is targeted to commence in 2018..
Produce first copper concentrate in 2018.
Results from additional test work is also underway to further refine the recovery process and try to improve the overall copper concentrate grades. No time scale given.
I hope we can celebrate at least a double bagger soon.
|Ged, hi.Ouch. Bad night? Bits of me agree with some of your comments but if you have been promised anything specifically that would come as a surprise. We have an undated expectation of news. We don't know what that news will be but expect it to be positive. We don't know exactly when it will come, but come it will.As you say, timing, but that's just another part of risk.Looking forward to you being able to say this one has bagged as well.|
|The silence is deafening here. Five months in this trading range with no real news.
The cynical side of me says this is becoming just like any other AIM company. Full of promise but not delivering. The real cynic thinks there'll be no news until after the meeting next week.
There doesn't seem to be any reward for patience! Just annoyed that I listened to all the promises and kept my money in here when my other option, where I only kept a small amount, has risen almost 300%.
Still that's AIM for you. It's all about choices and timing!
I wonder if that million sell was the last of the seller/s?
Let's see the figures Mr Archer!|
|Ged, I just was following up the mention in the DT about the purest ilmenite, and then noticed the mcap and thought, what! Then you read the financials, even on this site and as you say all the targeted expectations and hopes not just for Greenland but also their cu holdings in Finland and you think, what! Again.Roll on the scoping studies etc along with some meaningful financials as they may help give additional comfort and prompt folk to buy in.|
|IB, Just going back to JAY I noticed share price Angel wrote a few incorrect facts about SAV. TBH I don't know why anyone is comparing the two companies. Here at SAV we have 102Mt of ilmenite at very low cost. Also we have the more expensive rutile and zircon.
JAY is targeting (doesn't have yet!) 130Mt at 8.4% ilmenite which is approximately 10.92Mt.
We also have £3M cash.|
|GL to you also.
Of course I forgot to mention we only have 10% of Moz at the moment which should rise to 51% later in the year. Having said that we do have an off-take agreement with RIO.|
|inbrackets yes you see it so many times, go figure.
Ged5 unfortunately the Kenmare story hasn't been without some very big flaws and may be using that as a comparison is more of a reason not to buy than buy and then you see the JAY valuation and it makes you scratch your head just a little.
I like how much skin the CEO has in here as well as the resource.
GL Ged and all, hopefully I will join you at some stage.|
|Hope you have good reason to join us soon, soulsauce.
Interesting to read the JAY thread and how far off the radar SAV seems to be. There are only comparisons with Kenmare and Base although Rio is mentioned.
There is definitely an anomaly with the mcaps. Is it really worth 4 times as much or have LSE got the wrong figures?
Also happy here although I think this lull has gone on too long. Come on David lets have some news!|
|Ged, hi.It never ceases to amaze me how some companies manage to capture the collective support, lifting the price to an unimaginable level, without issuing shareholders a parachute. Development here is years off, even assuming the funds can be raised. Cold and very wet mining, and as Soulsauce says, frozen for 6 months - at least that would extend the mine life.SAV, warm, dry, huge and getting ready to roll - and a fraction of the price.Still Happy with where my pennies are.|
|Hi Ged5 no I don't but have it high on my watch list. PERE is a very interesting investment with amazing BoD.|
I've seen you posting on PERE where I have a very small investment.
Do you have a holding in SAV?|
|Might be stunning but in Greenland you can only mine half of the year, on bad years less than that.|
|Good morning IB.
I don't know much about JAY but had a brief look.
JAY 23.6Mt inferred resource at 8.8% ilmenite. Mkt Cap £104.25M
Target of 90Mt- 130Mt in Greenland
Also projects in Finland - copper, zinc and nickel
SAV 4.4Billion tonnes indicated and inferred resource at 3.9% THM. Mkt Cap £26.96M
Target of 7-12 Billion tonnes at 3-4.5% THM
Also advanced project in Oman for copper and start up in Finland for Lithium.
At first glance I don't think you need to do any figures to see that JAY is much overvalued compared to SAV although I have to say the grades are stunning.|
|Ged, you are keen on numbers. Am I missing the link? Is Bluejay grossly over valued or is SAV grossly undervalued?|
|Or back down to 4p?
Maybe good for later in the year but for now momentum has been lost. Too many large sells and long awaited news still not appeared.
Maybe the heavy rain in Oman recently has delayed progress.|
|Should hopefully see this gap up to 6p this week|
|Thank you IB - very well. Was just catching up with life away from the computer.
Recently been using the dubbin having retrieved the walking boots from the deep recess of the shoe cupboard.
I have reservation about 2nd hand equipment. Costs of refurbishment can esculate. BUT I trust the management here to make the right decisions.
Agree BW. Sorry to have left you on your own during March.
Let's hope it's onwards and upwards from here.|
|Heading north again. Surprised the reaction wasn't bigger after the news yesterday to be honest, really set a roadmap for fast progress over the next few months.|