Savannah Resources Share Discussion Threads

[ged5] 22/12/2016 10:06

I can't dowload the PDF file from LSE. I keep getting an insecure website message. Not had problems in the past.

Somero seems to have better grades. From my limited research 1.56% is good, 4.47% is very good especially after the initial 4%.

hxxp://www.investegate.co.uk/savannah-resources--sav-/rns/7-lithium-bearing-pegmatites-identified--finland/201612220700075346S/

[broncowarrior] 22/12/2016 07:07

Having said that, happy with the lithium news today!

[broncowarrior] 21/12/2016 09:30

Agreed, Finland can wait a while, is the lowest priority.

[paleje] 20/12/2016 23:50

No apologies for length of post Ged5, thanks for compiling it very interesting.

Surprised Finland is dragging, I do business with them and usually on the ball but I don't think Finland is important for now to be honest, there are others in front of us and many lithium mines waiting for capital to fire them up, which will be available no problem when demand is nearer. Oman and Moz are the ones and sounding good.

[ged5] 20/12/2016 17:21

Reading the comments from the meeting it looks like they are looking at off-takes which could account for some of the financing.

I also agree with paleje (post2525) that cash will be needed before then but hopefully at a premium to the present share price.

I can't see why not if this is accurate:-

DA stating that most II won't look at companies with mcap below 60m+ so aim to get II onboard early 2017 (read into that's what you will)

Hmm 13p wouldn't be a bad price for a fund raise.

[broncowarrior] 20/12/2016 13:54

They key is how they are going to finance the mine build in Oman and then in Moz. If they can get cash flow going in Oman then that should pay for most of the cost of getting Moz up and running.RIO would also have access to cheap funding costs so maybe something will happen there. I hope they can help their baby brother out in some way.

[ged5] 20/12/2016 11:44

Whilst in the December lull before the January storm something to think about.

Now we've had time to digest the new presentation and the feedback on the other board (I presume you've seen it BW), if you were given the opportunity what questions would you like to ask the company?

[seagullsslimjim] 18/12/2016 12:41

Agree Hugo and nice to be back in the new 6-8p trading range and which I see will last to the end of January!

All in the main chart above and ties in nicely with the expected RNS's due in the first months of 2017 and which should aid a breakout to the potential heady heights of 10p and possibly more.

Slow and steady.

[hugothesecond] 18/12/2016 10:34

Expect to see more news this week and I believe this will be one of the shares to rocket in 2017. I am in and ready for take off.

[broncowarrior] 16/12/2016 21:17

Nice finish to the week.

[broncowarrior] 14/12/2016 12:27

Any feedback on last night's presentation?

[teemore] 13/12/2016 20:23

Ged5-not going

[paleje] 13/12/2016 16:53

Thanks yorkie, anybody able to attend tonight?

[yorkie14] 13/12/2016 15:58

hxxp://www.proactiveinvestors.com/companies/stocktube/6601/mutamba-scoping-study-should-provide-roadmap-to-development-6601.html

A word or two from DA,

[paleje] 13/12/2016 11:58

Getting interesting. The enlarged workforce, which they've certainly emphasised, will need paying:) as will the scoping study, I don't have a problem with it, just wondering about the cash. If they do need to raise, let it be off the back of good news with a correspondingly higher share price

[ged5] 13/12/2016 11:00

So from today's second announcement from Mozamique we will have an enlarged working force but just as important by the end Q1/early Q2 beneficial interest will have doubled to 20%.

[ged5] 13/12/2016 10:37

I dont think so. I've not cross-checked yet but I dont think any updates from Oman are included in the new presentation. Only 9 full days and 3 half trading days (including today) to year end.

[paleje] 13/12/2016 10:12

I don't think the Oman resource update will be disclosed without an RNS will it? still to come before YE presumably.

[ged5] 13/12/2016 10:07

From this mornings tweet on the website:-

" Producer prices in China, the world's top metals consumer, rose at their fastest in more than five years in November as prices of coal, steel and other building materials soared.

Upbeat factory readings from China, the United States and Europe all suggest the global economy may be slowly reflating.

The investment bank said it was forecasting a moderate copper deficit of around 180,000 tonnes for 2017, flipping from earlier estimates of a 360,000-tonne supply surplus.

Goldman expects prices to rise to $6,200 a tonne over the next six months, lifting its 3, 6 and 12-month forecasts to $5,800, $6,200 and $5,600 a tonne, respectively from $5,000, $4,800 and $4,800."

hxxp://www.cnbc.com/2016/12/12/goldman-sees-bullish-environment-for-copper-through-the-first-half-of-2017.html

Now what makes you think there will be some update from Oman? :)

[broncowarrior] 13/12/2016 09:37

Scoping study is really good news as it will start to form a basis for what the resource is actually worth and how much it might cost to develop in rough terms.

Good to see we are heading along the development curve, 2017 should be very exciting for this company.

[ged5] 13/12/2016 09:10

Thank you! I have now edited.

[inbrackets] 13/12/2016 08:58

Ged5, I don't think they have started yet. New corporate presentation due to be posted on the website later today as per the second RNS. That is the basis for the presentation this evening by DA. This will have news on Oman and Finland, otherwise it would be a bit of a flat affair, and I don't think that is on the cards at this point.

[ged5] 13/12/2016 08:41

Yes, we've been expecting updates from Oman and Finland and up pop 2 announcements from Mozambique.

Scoping study and environmental study so plenty of work about to take place.

I wonder if there will be any further announcements during the day or am I just being greedy?

[broncowarrior] 13/12/2016 07:17

Bit of Moz drilling before Christmas - nice.