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SAV Savannah Resources Plc

3.35
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Resources Plc 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
  0.00 0.00% 3.35 3.30 3.40 3.35 3.35 3.35 905,125 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.86M -0.0016 -20.94 61.24M
Savannah Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SAV. The last closing price for Savannah Resources was 3.35p. Over the last year, Savannah Resources shares have traded in a share price range of 1.58p to 5.05p.

Savannah Resources currently has 1,828,150,084 shares in issue. The market capitalisation of Savannah Resources is £61.24 million. Savannah Resources has a price to earnings ratio (PE ratio) of -20.94.

Savannah Resources Share Discussion Threads

Showing 3026 to 3049 of 9125 messages
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DateSubjectAuthorDiscuss
02/10/2017
06:18
RNS

"We are working towards the mining licences being awarded around the year end, with the licence for the TSF targeted to be granted soon thereafter"

"The process for permitting mining activities in Oman is administered through the Public Authority of Mining (''PAM''). Upon submission of the mining licence application, approval or "No Objection" is required from eight Ministries for the licence to be granted. Savannah has now received "No Objection" letters from five of the required ministries for the Maqail South application and four of the eight Ministries for the Mahab 4 application. Positive discussions are continuing for the remaining Ministries at both projects, with final approvals expected to all be received in Q4 2017. "

Ministry of Environment and Climate Affairs approval is the key one I think. And SAV very close to closing that approval down

rickyhatton
30/9/2017
09:49
GEd, sorry for slow reply.Not sure where this came from to be frank. Following is a good read and may have picked up an approx figure from background research.https://gettingthedealthrough.com/area/22/jurisdiction/57/mining-2016-finland/Unless they have progressed the licensing, the original reservation licences only last for 2 years and I seem to think, cannot be transferred. They have obviously done work on the site so it wouldn't be a case of use it or lose it due inactivity but any necessary requirement may not fit in with SAV's own current timetable and priorities.
inbrackets
29/9/2017
12:59
Thanks IB, where's that figure from? Have I missed it?
ged5
29/9/2017
12:55
Good point, Edgein. I hadn't considered a JV. Looks as though the company might have done.

"Assessing ways in which to best realise value from two lithium projects in Finland"

"Now that realising nearer term value opportunities in Portugal is our primary lithium focus in Europe, we have sought expressions of interest from a number of groups with an energy metals focus."

I think you're correct again, BW. I've checked all the announcements.

ged5
29/9/2017
12:25
Seem to remember that apart from company set up costs, it was about $40000, then we have had the sampling and testing costs, which covered the whole area, not just a selective sample as had been originally envisaged.The prize was getting the exploration rights to begin with, ahead of the nearby competition who presumably might be an interested party to add to their existing assets. Doesn't stand us much and we are certainly now on a much faster horse.
inbrackets
29/9/2017
11:56
Not sure we paid anything for them.
broncowarrior
29/9/2017
11:52
Chaps it would make more sense to JV the Finnish lith assets and to get a free carry on exploration than sell at this stage. Demand for lith is set to increase significantly:

Courtesy of Knowing on the THR thread:



"Analysts at research firm Morningstar expect lithium demand to rise 16% a year from 175 000 t in 2015 to 775 000 t by 2025 - the fastest increase of any significant commodity over the past century."

A free carry on Finland would allow the company to focus all their short term efforts on Oman and Portugal.

Regards,
Ed.

edgein
29/9/2017
11:36
How much did we pay for the 2 projects in Finland? It was before my time and I can't find any reference to a price.

Nice 18K buy this am. Not everyone mad then!

ged5
29/9/2017
09:59
Makes sense to sell that off and maybe keep a residual interest somehow.

Cash position is better than I thought, looks like we still have around 2mm in bank.

broncowarrior
29/9/2017
08:37
Ged, yep, post Portugal, surplus to requirements and not going to get the attention it may or may not deserve whilst SAV attention and resource fo cussed elsewhere. One might hope that it will at least wash its face in the current market - you can almost see the pitch by the new owners - lithium, EV's, historical data, infrastructure, jurisdiction etc etc, where have we seen that?
inbrackets
29/9/2017
08:21
Interesting comment about Finland. I think it was Inbrackets who first suggested it might be flipped. Only initial work done but some very high grades of Lithium Oxide.

It'll be interesting to see how much it will raise. It could be a timely injection of cash to develop the "potential company maker", Mina do Barroso.

ged5
29/9/2017
08:07
Absolutely spot on Bronco.

Three superb projects and a little more cash than I anticipated. Oman news very shortly.

"Additional metallurgical test work is now underway to refine our processing model and to try and further improve the already high recoveries and overall copper concentrate grades. Alongside this we are developing a detailed mine design and production plan for the two mines and preparing an Economic Study to gain further clarity on the revenue potential. We therefore remain highly active whilst we await the granting of our mining licences, in order to ensure the timely development of Mahab 4 and Maqail South. We believe these mines will come online at an opportune time given the current strong copper price and the solid market demand."

I'd forgotten about the Zinc which is an added bonus.

They're very confident about production near term.

Nice picture from Grandao in today's tweet.

ged5
29/9/2017
07:57
Placing coming, been in and out here for years. We all know the drill
nick9013
29/9/2017
07:16
Edge, think the mine development will be relatively low cost for Oman and we have some influential partners in the country, already interest in offtake arrangements.
broncowarrior
29/9/2017
07:14
Other than some delays in permitting in Oman this is a fantastic RNS full of detail.Will likely be another placing before the end of the year, wish they would do an open offer with warrants like SOU did, although those are quite expensive to set up.
broncowarrior
29/9/2017
07:11
Goodness me, not only do they have the mining licence in Portugal they're expecting to be in production from the high grade Oman asset by just H1 next year. I hadn't realised that any of these projects are that near term. If they're to hit that target announced today there's a stream of news to come here short term, financing, planning, construction and then production. As well as all the drill results and assays from Portugal too. Interesting.

Regards,
Ed.

edgein
29/9/2017
06:55
Agreed rh.

All reads well and nothing scary in the numbers.

Now we know why they're able to give talks next week!

hiddendepths
29/9/2017
06:41
Oman looks the key short term emphasis

"I am pleased to report that we are now well poised to transition into production, with copper mining expected to commence in Oman in H1 2018.

I am pleased to report that we have received strong interest from off-takers and this could form part of the financing element for the mine development.

Accordingly, our focus is now on converting our near-term production potential into a reality. In Oman, this means finalising our production and processing plans whilst we await the grant of the mining licences so that we can commence mining in H1 2018"

Looks like Oman close, and clearly the priority to get cash flow to fund Portugal and Moz.

rickyhatton
28/9/2017
16:03
Ah ok , thanks
landersd
28/9/2017
15:51
landersd - I think you need to register to get that info - 11.30am
rickyhatton
28/9/2017
14:40
where does it say David is presenting on Monday morning ?
landersd
28/9/2017
11:29
Welcome!

What were your reasons for investing in SAV?

Thanks for the link.

I notice David Price is representing SAV the following week at the Mining Investment Conference in Muscat.

ged5
28/9/2017
09:35
Ged5

Yes.

Archer is presenting in Dubai about Oman early next week as an "industry titan". Might be Oman news to coincide.



He is speaking on Monday morning so any RNS would have to be by Monday.

rickyhatton
28/9/2017
07:51
I wasn't expecting that! Must be all those buys flooding in! ;)
ged5
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