Savannah Resources Share Discussion Threads

[broncowarrior] 18/12/2017 07:10

As predicted a small initial JORC to get it on the scoresheet. This one not likely to move the needle this week but all upwards from here.

[broncowarrior] 16/12/2017 08:19

hxxp://masterinvestor.co.uk/economics/jim-mellon-predicts-future-longevity-electric-cars-blockchain/

[broncowarrior] 15/12/2017 18:33

If it goes over 50mm valuation will fall into the micro-cap fund manager radar. As we have just had a fundraise this should get up towards 10p in my view as no risk of a new one in the next couple of months putting pressure on.

[ged5] 15/12/2017 16:10

Have a good weekend all!

[ged5] 15/12/2017 16:10

And why not?

Great company; hard working, professional honest management; 3 exellent assets and a cornerstone investor. Just need more shareholders. Apparently there's only about 400 individual sharesholders even with ALL the board and management holding shares.

There's also a concentrated effort to get Institutions on board.

Probably maiden JORC for Reservatorio next week.

[broncowarrior] 15/12/2017 14:19

Over 6p, excellent.

[edgein] 15/12/2017 11:19

Ged,

Given the current and ongoing drilling results at Grand and Res there's likely to be some very decent bulk tonnage to start with. As these remain open and the company now thinks this is a major lith system (with widths over 100m intersected I don't blame them) its gonna be an exciting 12 months ahead and not just for Oman.

Regards,
Ed.

[ged5] 15/12/2017 11:15

Not on here please - filtered

[stephen2010] 15/12/2017 11:11

Check out ALBA. Huge multibag potential.

ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following:

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in Alba’s share price is undeniable.

VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note
uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The
Horse Hill licences are valued using independent published technical data from
Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own
assumptions on recovery rates, oil discovery value, resource and development risks
factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived
for Horse Hill.

Given the similar geology and economic potential of both TBS and Dundas, we have
adopted a risked closeology valuation approach, by computing an NPV for Dundas of
$223m and then applying a three-tiered risked probability calculation to arrive at a value
of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS
and Bluejay its Feasibility Study results, this number is likely to be revised upwards very
rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder
value.

We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which
4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth
of valuation catalysts anticipated across the project portfolio in the coming months, we
recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential
15 times plus uplift from the current share price.

[ged5] 15/12/2017 11:10

Indeed Bronco!
I get the impression the Portuguese Government are showing great interest in Mina do Barroso and being VERY supportive.

They just need to encourage Tesla to build a battery factory there.

[broncowarrior] 15/12/2017 10:51

Portugal has suffered since the financial crisis so something like this will be important for jobs and tax revenue.

Looking like we might go over 6p very soon...

[ged5] 15/12/2017 10:41

Perhaps the company think the same way.

Page 28 of the latest presentation

Commercial Director Lithium TBC
Maybe we'll get an announcement of an appointment soon!
They already have a Government Relations Director, Portugal
They certainly have a lot of confidence in the Portugal assets.

[inbrackets] 14/12/2017 15:56

BW, there's a few warrants at 6p that might be exercised. Might be early days for those but we are getting into the ballpark even today.

[broncowarrior] 14/12/2017 10:15

Reckon there will be another couple of raises before then.

Will be interesting to see how we finance the Oman development; I think we will get local Omani help for that.

Cash flow on Oman should help finance the other two projects.

[inbrackets] 14/12/2017 07:30

BW, hi. But how many shares?

[broncowarrior] 13/12/2017 14:54

Market cap this time next year? I'm going for 200mm.

[ged5] 13/12/2017 14:37

Edgein,

No problem! Very exciting months ahead.

Outstanding, fabulous, very large system, high grade, finding lots more pegmatites, into production very quickly, maiden JORC resource next week for Reservatorio followed next year by a JORC resource for Grandao.

As you say nothing to dislike about this at all.

[edgein] 13/12/2017 14:17

Ged,

Great interview there, thanks for posting that up. Just about covers everything, shallow open at depth and along strike. Great high grade intersects including that 14m over 2% LiO, suitable for open pit with mining licence in place. Lots of JORC and further JORC updates lined up over the coming months from what they think is a major lith system. They just keep turning up more and more spodumene and its low mica low impurity from the metallurgic work done so far. Nothing to dislike about this at all. Looking forward to the coming months and to see if the market cap starts to reflect the world class assets. Plus the copper production to come will be handy too at $3/lb and may increase somewhat in 2018 and beyond.

Regards,
Ed.

[ged5] 13/12/2017 12:56

hxxp://www.proactiveinvestors.co.uk/companies/stocktube/8536/savannah-resources-david-archer-discusses-exceptional-results-at-mina-do-barroso-8536.html

[ged5] 13/12/2017 12:55

Edgein, you'll appreciate the comments about the intersections and depths. This is just the beginning and it's going to be huge!

[ged5] 13/12/2017 12:49

"A very major pegmatite system"

Did I see a lot of white bags in the background?

Latest interview from Proactive on SAV website.

[edgein] 13/12/2017 09:59

Bronco,

Was thinking the same thing! However not sure how many of the recent results they'll be able to squeeze into the maiden JORC. However there'll be plenty of time for future upgrades beyond that. But given all of their discoveries the maiden JORC will be carefully read and make for some interesting reading as GED suggests in post 310. I had a suspicion that SAV would have good lith assets when buying in, it was my asset of choice. But its proving to better than I first thought. We might be seeing the start of rivaling some of the larger lith discoveries on AIM. Indeed Ged scoping study/PEA in due course.

Regards,
Ed.

[hiddendepths] 13/12/2017 09:38

Ed - thanks again - already in GEO!