Savannah Resources Share Discussion Threads

[ged5] 30/6/2018 08:29

Thanks George! Did you manage to speak to Michael?

[edgein] 29/6/2018 12:06

UKG,

Thanks for your post and reporting back from that presentation. Interesting stuff. Just a case of waiting the next updates from Portugal and Oman.

Regards,
Ed.

[ukgeorge] 29/6/2018 10:50

The chart has made a lovely looking pennant formation, gives a target price of 17p.

On Wednesday Michael McGarty CFO was presenting at the Mining Journal event in London.

He gave a good presentation just on the lithium project. No mention of Oman. Nothing new really. Drilling continues and they expect another resource upgrade although he didn't give a time line on that.

Given that the LOM will get extended. The IRR of the project before tax is 63% which is double that of the two other lithium projects that were presenting. This was also using $685/t opposed to the current spot price of $900/t (concentrate). The LOM C1 costs are expected to be $271/t.

The mine is also going to benefit from some feldspar and quartz by product revenues.

They are also going straight to a bankable feasibility study skipping the pfs.

the strip ratio in the first 4 yrs is lower at 1.6:1 and they expect to find more ore close to the surface that will extend this.

The current target is H2 2020 for first production/ramp up

All in all a good presentation

[themightyali] 28/6/2018 11:02

Thank you to both of you for your input, I just have a small holding of normal shares and didn’t know about warrants and options or how to trade them, etc.

[ged5] 28/6/2018 09:51

Ali,

Just to add to Ed's post. No options or warrants have just been issued. They have been exercised. There are still several historical options and warrants relating to AME, some of which are due to expire in July and August.

Others have been issued in various placings and maybe appointments(although I haven't checked the latter).

Focus on the 3 main assets.

Oman's smallish copper project which will generate a lot of cash once it gets into production. The strategy was to use this cash to fund Jangamo, now a joint venture.

Mozambique has a massive world class resource of 4.4 billion tonnes of THM. SAV should shortly (2019) increase their ownership by another 15%.

Portugal is going to be huge.

I'm not qualified to give financial advice so I wont.

I'm just buying as many as I can afford and going out enjoying this beautiful weather, watching the WC and the 5-0 drubbing of the Aussies. Wimbledon coming up.

As HG keeps reminding us:- this is a 3-5 year investment.

[highly geared] 28/6/2018 08:40

Looks to be building a nice base ahead of the Oman mining licence and further drilling updates from Portugal.

[broncowarrior] 28/6/2018 08:34

If these warrants were listed they would be trading at 11p, not 6p. Few more quid in the coffers at least.

[themightyali] 27/6/2018 14:56

Savannah Resources PLC Exercise of Warrants
Intraday Savannah Res. Chart

Intraday Savannah Res. Chart
27/06/2018 12:30pm

UK Regulatory (RNS & others)


TIDMSAV

RNS Number : 7825S

Savannah Resources PLC

27 June 2018

27 June 2018

Savannah Resources Plc

Exercise of Warrants

Savannah Resources plc (AIM:SAV) ('Savannah') or the 'Company'), the AIM quoted resource development company, announces that it has issued 398,810 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at exercise price of 6 pence per (the "New Shares"), following the exercise of warrants.

Application will be made for the New Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on or around 3 July 2018.

[edgein] 27/6/2018 13:52

Ali,

SAV don't have any listed warrants that I'm aware of so no, unless you get a position on the board of SAV you won't be getting any options either.

Regards,
Ed.

[themightyali] 27/6/2018 13:46

A little question for you well seasoned investors, are these warrants snd options that have just been issued at half the current share price open to purchase by the ordinary shareholder and if so how ?

[themightyali] 27/6/2018 13:46

A little question for you well seasoned investors, are these warrants snd options that have just been issued at half the current share price open to purchase by the ordinary shareholder and if so how ?

[hugothesecond] 27/6/2018 11:50

double bottom forming - on the way up ?

[ukgeorge] 26/6/2018 16:18

From share price Angel this morning

Oman – copper production to restart in Oman after 14 years
• The Sultinate of Oman has awarded a mining license to Al Hadeetha Resources for the development of an integrated copper mining project in the Wilayat of Al Mudhaibi in North Al Sharqiyah Governorate.
• Capex is ~US$64m for a 1mtpa throughput with forecast revenues of US$520m for the Al Hadeetha Copper Project.
• The Al Hadeetha Copper Project has an estimated 16mt of copper resources at Washihi sufficient for an initial 10-year mine life
• Alara Resources (AUQ AU) and Savannah Resources (SAV LN) are also planning to start copper mining in the Sultinate

[broncowarrior] 26/6/2018 16:16

Not a massive re-trace to be fair! Having a breather.

[ukgeorge] 26/6/2018 12:16

The share price has doubled in little over a month, a retrace is to be expected.

[themightyali] 26/6/2018 12:11

Can’t understand why it’s being sold so heavily when there’s good news about Oman beginning re-mining of copper. Surely it’s s matter of time now for our license. Or are am I missing something.

[ged5] 26/6/2018 10:17

Thanks George! Please report back!

[ukgeorge] 26/6/2018 10:13

On the front of presentations Savannah are presenting in London at a mining journal event tomorrow, which I'm attending. Some of their team are also over in Las Vegas at the Lithium conference.

[highly geared] 22/6/2018 16:36

Strong late afternoon buying , good finish. Hopefully can push up to 15-16p range ahead of Oman ML then toward 20-25p to reflect fair value.

[ukgeorge] 22/6/2018 12:39

Is this the start of the next move up? I hope so and just added 40k at 12.75p come on Savannah

[highly geared] 22/6/2018 11:36

Agree Hugo.
I have this pencilled in for 50-60p by this time next year based on a 10ktpa copper mine starter operation in Oman and a BFS with finance for Portugal with mine start 6-9 months off.
I’m discounting Mozambique for now but that will be huge if SAV fund their option to take up to 51%.

[inbrackets] 22/6/2018 11:32

Da finishes his Benchmark presentation in about 10 mins. Will there be a buying rush?

[hugothesecond] 22/6/2018 11:07

yet again someone is buying in volume at 12p - this is creating a new base level. Good for the medium term for all holders.

[reba] 22/6/2018 07:48

Betty’s in Ilkley. 9 miles from Harrogate worth a visit. also your tour round the Yorkshire dales well recommended