Savannah Resources Share Discussion Threads

[ged5] 07/12/2017 19:54

So the commissioning of a pilot processing plant at the Mutamba has been completed.

Yet another box ticked.

[ged5] 03/12/2017 12:54

Thank you paleje.

[paleje] 03/12/2017 00:42

Yes Ged and I spoke with David after the show, which was recorded and I think sharetalk will publish it.

Nothing new was said, it can't be, but David was asked by an investor about the poor share price performance and he acknowledged it and agreed it needs to improve. I asked him afterwards about other European lithium competition in particular EMH and how he saw Portugal in comparison. He said as I suppose you'd expect, he thought Portugal compared we'll and it was quality that counted. He also referred me to European Lithium another oz outfit whose mcap has gone a bit wild lately. He said look at them, see their mcaps both around 50m then look at ours around 35m but we've got Oman and Moz too never mind Finland.

I'm not a technical man and I stayed away from the geology but I liked David he's a bloke I'd do business with on a handshake, my wife was with me she liked him too. I don't know at what point the share price will get real but I think it will.

[ged5] 02/12/2017 11:18

Did anyone attend last nights talk?

[ged5] 01/12/2017 10:10

Talking finished, connections made, stands dismantled, bags packed, breakfast digested, the journey North begins.

Onward and upwards is the cry. Walsall here we come!

Next week message from Perth maybe; message from Muscat maybe; ceremonial guard at Jangamo on Thursday not maybe - tis planned.

[ged5] 30/11/2017 12:00

PORTUGAL
Hopeful of JORC resource by end of this year.
Drilling ongoing
Continue until January
Those samples for metallurgical tests and re-evaluation of the resource.
Hope for 2nd drill
Smiling again when talking about the white stuff!

MOZAMBIQUE

Official opening of the pilot plannt
Hopes the Governor will be in attendance
PFS mid 2018
Full feasibility 2019
LOT OF INTEREST IN THE PROJECT

OMAN

Still on track for mining start 1st half 2018
Production 2nd half

[inbrackets] 30/11/2017 11:10

New interview and gives some idea of when new should be out.

[ged5] 30/11/2017 10:24

Hi IB

Is there news due and is it due soon? :)

[inbrackets] 30/11/2017 08:45

Ged, due, and due soon.Much like further major items on both Oman and Portugal that are also due, and due soon.

[ged5] 30/11/2017 08:14

Video of Mutamba Pilot Plant Project: Week 20, Plant Commissioned.

Very nice but more important for me is the paragraph above which reminds us the environmental studies report is due.

[ged5] 26/11/2017 10:51

Cheers IB. I hope you took to the high ground last week.

[inbrackets] 23/11/2017 11:40

Bob on the money there, Ged. Progression of good news to come I suspect as each exploration area proves up.

[inbrackets] 22/11/2017 10:14

https://www.beaufortsecurities.com/savannah-resources:-investor-qanda-c-2-p-477Good interview. Positive on all fronts.

[edgein] 22/11/2017 09:08

HG,

Very true, I love em with free assets in the cap. Oman is likely to be a cash cow at the current copper price and good grades. Also great tonnage upside with more expo, as you suggest short-mid term. JV with Rio Tinto is also a real boon for a company this size and lith pretty much free. We don't need to be popular we just need to get on insti radars and they'll do the rest. That's what set SOLG off, noone wanted SOLG at 3p only a few of us posting there. After the 7p placing and insti buying it went to 20p in a couple of weeks and 40p since that. Placings without discount show the quality of the assets. Its a bit like GEO right now, just load up and wait while noone else is interested.

Regards,
Ed.

[highly geared] 22/11/2017 09:01

Still think SAV the most under rated:under the radar stock on AIM in terms of near term value( copper) and medium term upside ( lithium + mineral sands).
Right in the sweet spot re: copper/lithium.

[edgein] 22/11/2017 08:50

Bronco,

Check out EMH for example, massive bulk tonnage but average grades well below that of SAV. Still very commercial given the rising lith price. SAV are in the higher end of grades for AIM listed lith companies. BCN about the lowest in terms of grade on a large discovery, still look very commercial. Imo we've not seen anywhere close to the top of the lith, cobalt, Ni or even copper market given future plans for EV and green energy.

Regards,
Ed.

[broncowarrior] 22/11/2017 08:45

Thanks Edgein, useful post. Yep, if it were gold or IO those grades wouldn't be too clever but looks good for lithium.

[edgein] 22/11/2017 07:43

HG,

Yeah grades are well in the economic range, take BCN, EMH etc as an example they've grades in the range of 0.3-0.7% so decent grades from Portugal for SAV. Very decent intersects as you mention and they're very shallow too 40-50m easily shallow pittable. The CEO wasn't wrong with saying white stuff everywhere in that interview. Lots more targets to drill and maiden resource out in 2017 for the first of these. With the world class ilmenite development with Rio Tinto, bulk sample about to begin, it makes you wonder how much or more appropriately little of anything else is in this market cap.

Regards,
Ed.

[ged5] 22/11/2017 07:41

Fine, reasonable are words I would use. I'd have liked more of the 1.34 and 1.4 grades that were drilled at NOA.

[highly geared] 22/11/2017 07:29

Grades look fine to me and intersections reasonable. It’s the Jorc that matters and should have that within 4 weeks or so.
Lithium and copper ; not a bad space to be in especially if the Oman government pull their finger out and complete the approvals process!

[ged5] 22/11/2017 07:19

I have to admit to being slightly disappointed with some of those grades. I wondered why "encouraging" was used.

I don't understand Table 1 and 3.

[ged5] 21/11/2017 19:14

No BW!

I hope you're not responsible for them IB.

That was quick. I wasn't expecting anything to be produced just yet.

[inbrackets] 21/11/2017 16:01

SAV tweet showing first squirts of HMS sludge. See similar when out on the fells.

[broncowarrior] 21/11/2017 15:57

Ged, are/were you there?