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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% | 3.45 | 3.40 | 3.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -2.86M | -0.0016 | -21.56 | 63.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
06/3/2018 14:30 | He's been hitting the phone lines today. And yes, he's in Oman.Seem to remember they made a similar trip last year prior to the results, presumably after running through things with main shareholder. They should be extremely happy bunnies with the prospects that are now taking shape. | inbrackets | |
06/3/2018 14:29 | Ah, so now we know he's in Oman. With the CFO perhaps? Things hotting up. Hxxp://www.proactive | ged5 | |
06/3/2018 14:00 | Thanks IB. Perhaps Oman! News soon from there I feel. | ged5 | |
06/3/2018 13:38 | https://www.director | inbrackets | |
06/3/2018 10:25 | OK. Thank you. | ged5 | |
06/3/2018 10:14 | Ged, From the last announcement: "Further improvements are expected as part of Phase 3 of the test work programme currently underway - diamond drilling is underway at Grandao and Reservatorio to collect additional samples for the Phase 3 test programme, with results expected in Q3 2018" Specifically test work programme underway at both Grandao and Reservatario with the diamond rigs. The second diamond rig was to be here any day according to previous interviews, I'd interpret the above statement suggesting diamond drilling currently underway at the two main deposits to mean its here and its operating. The pace at which SAV are operating this doesn't come as a surprise. They've talked about accelerating and aggressively moving this forward and that's what they've done. They'll mount up some significant metres over the next few months with the three rigs and are already building a team of experienced lith miners to get this one to production. Plenty of news flow to come. Regards, Ed. | edgein | |
06/3/2018 09:35 | Thanks Ed for your further explanation. Interesting point about the scope to upgrade the reserves without drilling. Speculative maybe but the increase could be around 15% possibly higher. Did I miss something? Is the 3rd rig already in place? | ged5 | |
06/3/2018 09:04 | Ged, Good posts, yes the general public didn't see the significance of the recent news release. The fact that they can get high recoveries from just gravity and flotation in combination with the high grades and shallow pit is certainly ideal. Also no real reaction to the fact that the metallurgic test sample return grades of ore treated much higher than those reported from the assays. If they consistently do that then there is scope to upgrade the reserves without drilling. The diamond drill holes will give more accurate grades than the RC drilling. We've now two diamond rigs in action as well as the RC rig. Regards, Ed. | edgein | |
06/3/2018 08:46 | You did indeed, paleje. DA is constantly trying to get the message across about the spodomene. Martin Potts was impressed, Martin Steinbold must have been impressed and now Noel O'Brien must have been impressed. "Noel is a metallurgist and lithium processing expert, who is currently a technical adviser to Tawana Resources Limited on its Bald Hill lithium project and Kidman Resources Limited on the Mount Holland lithium project. Previously, Mr O’Brien was a technical consultant to the Galaxy Resources lithium project in Western Australia and the Bikita Minerals lithium project in Zimbabwe." | ged5 | |
05/3/2018 15:34 | That makes sense to me Ged, thanks. Like BW I'm not strong on the science stuff but spodumene was emphasised by DA when I met him a couple of months ago and I think I may have mentioned it on here at the time although he didn't go into the reasons why and I was too stupid to ask. What you've just printed explains it. I was also thinking about the share price target ~11p which was from a couple of broker notes in October but they will need to be upgraded because circumstances have improved since then and look to continue to do so. | paleje | |
05/3/2018 14:43 | A follow up to my post 477. The Stuttgart bourse listing is historical and has little or no relevance to SAV. I seem to remember at least one company in the past that were listed elsewhere without the knowledge of the company. I also enquired about the concentration plant. I hope this helps others as it did me:- "In respect of “concentration plant” in Portugal, we will need to crush, grind and float the mined material, but we will not need an additional chemical plant (which costs around three times more than a processing plant we need, and is what companies who don’t have spodumene need). That is the benefit of our spodumene dominant deposit, it fits in with existing lithium supply chain." In today's RNS spodumene is shown to be dominant with very little petalite thus enabling low cost processing. This is yet another very positive RNS moving us in the right direction. | ged5 | |
05/3/2018 09:44 | Thanks for the links paleje and seagulslimjim. So yet another financial body caught at fraud! So Beauforts have gone and nothing to gain and yet excellent news from SAV this morning. | ged5 | |
05/3/2018 08:09 | We are in the proper science stuff now, which is not my strong point! | broncowarrior | |
05/3/2018 07:57 | Nice positive update ;@) | gymratt | |
05/3/2018 07:52 | Great news again out of these fellas, grade coming in from the sample at 1.7% lith, higher than the chips samples and the assays too! Capable of high recoveries to produce concentrate above 6%! All reads very well and they've hired another lith production expert to help with this project so still storming ahead towards development and good to see that the second diamond rig has now arrived and we've one on each of our two main current discoveries. Another hurdle easily crossed today with these metallurgic test results. Regards, Ed. | edgein | |
05/3/2018 00:49 | Good post seagullsslimjim. Not sure whether it affects us adversely here, I think probably not but a lot of companies out there will be looking over their shoulders. | paleje | |
03/3/2018 21:47 | hxxps://www.sharesoc Beaufort and the Regulators: US Prosecutors Expose Wide Ranging Scam News began to emerge yesterday of problems at broker Beaufort Securities. Firstly, the FCA posted this RNS stating that brokerages Beaufort Securities Limited and Beaufort Asset Clearing Services Limited had been placing into insolvency, must cease all regulated activities, and that administrators had been appointed who would seek to protect client assets. Not long after, this indictment by the US Securities and Exchange Commission (SEC) came to light, alleging market manipulation in the US by Beaufort Securities and the individual Peter Kyriacou. This announcement of a much broader indictment, naming a further 5 individual defendants and two further corporate defendants, as well as Beaufort and Kyriacou, was then drawn to my attention. These announcements appear to lift the lid on long suspected scams. The nature of the pump and dump scams, set out in the indictments involved: Principals in the scams acquiring microcap shell companies, traded on the US OTC market (but the same modus operandi could apply on AIM), which started out as very illiquid The Principals inserting their own management into those companies, who would issue press releases of “news that’s not really news” at “certain points in time.” Kyriacou allegedy said: “That’s what we need. We need for these smaller cap companies, the problem is…when they initially raise money, the news flow goes dry after, and then the share price starts to trickle down…. You need constant news on these companies.” The indictment goes on to describe “wash trades”, whereby owners of the stock in the subject company use nominees to buy and sell stock to themselves, giving the appearance that the stock is liquid and trading actively (at whatever prices the scammers choose). Remember, if you study trades, that for every apparent buyer there must be a seller. The combination of constant newsflow, promotion via bulletin boards and other social media and apparent liquidity/buying interest entices naïve investors to purchase the stock from the Principals netting the latter a large profit and leaving the former holding the baby when, ultimately, the worthless nature of the subject company is exposed. One sad aspect of this type of scam, which I have observed, is that the naïve investors who have been duped refuse to believe that the company they have invested in is not what they believe it be. Though not part of the scam themselves, they will often attack anyone posting comments suggesting that the subject company may have been “pumped up”, accusing such posters of “deramping&rdq A long list of AIM companies that Beaufort has been involved with can be seen here: Whilst the fact of Beaufort’s involvement does not necessarily mean that those companies are not what they appear to be, I would urge any investors or potential investors in them to consider carefully whether the company’s history and track record fits the pattern the indictments have described. It is disappointing, but not surprising to me, that these allegations have only come to light through the work of the US SEC, who conducted a sophisticated sting operation to uncover the alleged nefarious activities of the defendants. Where are the FCA, the AIM regulatory team and the SFO in the UK? As you may be aware, ShareSoc has been running a campaign to improve the AIM market for several years. We have held several meetings with Marcus Stuttard, head of AIM, and principals of the regulatory team. We hope that this exposé by the SEC will act as a wake up call. However, a clear issue which this case highlights is whether these regulatory and law enforcement bodies have sufficient resources to be able to conduct similar operations to uncover perpetrators of such scams and, when they are uncovered, whether the penalties that can be imposed in the UK are sufficient deterrent. I will discuss with my ShareSoc board colleagues what we can do to prompt a parliamentary enquiry into such matters. Mark Bentley | seagullsslimjim | |
03/3/2018 18:32 | Article in the Times about Beaufort, being investigated by the FBI for fraud! Blimey. | broncowarrior | |
02/3/2018 19:50 | They were crooks Ged, the US have nicked them and others. | paleje | |
02/3/2018 14:59 | Just power of deduction my dear Yorkie. See post 427. I don't think Oman will be put to one side but I do agree with others that Portugal will be the Number One project. More news from Oman soon! Your sympathy is felt by all, BW. Ironic that one of the last things they did was to publish that brilliant interview with David Archer | ged5 | |
02/3/2018 13:28 | RNS, mystic Ged! | yorkie14 | |
02/3/2018 12:25 | 60 odd k as a result of these options according to my calculations. Beaufort bust, that is a shame. Small brokers really struggling and MIFID II research rules didn't help them at all. | broncowarrior | |
02/3/2018 11:37 | Yes a few others have done it already Ged. I think they were brought in for a purpose, I don't personally think we'll be any worse off there are better brokers around. | paleje | |
02/3/2018 11:30 | Looking through the various announcements there's at least one that has Beaufort as joint broker. So don't get too excited if you see a second RNS. It might not be about the Ministry of Housing! | ged5 | |
02/3/2018 11:06 | Just noticed another company make an announcement that it had no broker now. I suppose it doesn't matter so much to SAV since they've still got Finncap. | ged5 |
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