Savannah Resources Share Discussion Threads

[greatfull dead] 18/4/2019 10:23

Ged,

Your post 1747.

You may be on to something there.


Happy Easter all holders.

GD

[ged5] 18/4/2019 09:37

Is it a miracle? Price has risen! And on just a few buys.

The 1 year candlestick chart looks good with a few indicators on the rise.

You too FQR. Have a good weekend. First barbecue of the year last evening when we could sit outside. Nothing like sipping wine sat on the patio!

[fqr714bhp] 18/4/2019 08:19

No results this week then?
It will have to be after Monday next week.

Have a great Easter all.
Have fun and enjoy the warm sunshine.

[ged5] 17/4/2019 13:07

I notice the logo has now changed back to the previous one since this morning. For those who don't visit the website regularly it was changed this morning.

There is a new presentation being prepared. Perhaps someone was being premature and put the new logo on the website.

Any significance? Maybe we'll have a new presentation which includes a mining licence for Block 5, Block 4 and Mutamba and a nice Easter rise!

Would be nice but the new logo suggests it will be all about the EV chain which of course includes lithium. Especially lithium from Spodumene of which we will own 25% more of for 15.6% of the new market capitalisation.

[edgein] 17/4/2019 12:57

Good post Kiwi, hopefully hear something about the Omani drilling in the imminent final results. Nice to see a large cut in the copper royalty rate too. Just need them to issue the ML and SAV can get on with it. Oman still may be on production before the main event.

Regards,
Ed.

[paleje] 17/4/2019 10:54

Thanks kiwi

[1kiwi] 17/4/2019 09:51

SAV Oman License kind of update, c/o Muldoon96 lse

15 April, 2019

New reforms that will help fuel activity and growth in Oman's mining sector

Government foresees rapid mining expansion

By Staff Writer, Oxford Business Group

Oman has sought to encourage new activity into its burgeoning mining sector following the ratification of new legislation that will see investors benefit from shorter approval times, more flexible royalty rates and a more transparent legal framework.

In mid-February Omani authorities passed the Mineral Wealth Law, an investor-orientated piece of legislation with provisions relating to exploration and expropriation activities, as well as the types of permits and concession agreements available, among other things.

In order to encourage new investment, the law stipulates that mining permits, which relate to operations taking place over an area less than 5 sq km, will be extended from one year to five years, while concessions – awarded to projects covering an area of more than 5 sq km – have been extended from 20 years to 30.

Meanwhile, the new royalty rate for metallic minerals such as copper, manganese and chromite has been set at a minimum of 5%, down from a flat rate of 10% under the previous law. While the new rate, which reverses a 2016 decision to double the royalty charge, is more favourable to investors, a degree of flexibility has also been legislated for, allowing authorities to negotiate individual royalty rates according to market conditions. For non-metallic minerals such as marble and aggregate, the rate is also set at a minimum of 5%.

Approval processes and transparency to boost investor security










hxxps://www.zawya.com/mena/en/story/amp/ZAWYA20190415060525

[the deacon] 15/4/2019 11:36

Interviewhttps://www.proactiveinvestors.co.uk/companies/stocktube/12999/savannah-resources-to-take-full-ownership-of-mina-do-barroso-lithium-project-12999.html

[inbrackets] 15/4/2019 11:30

Good spring clean of what was a rather messy structure and this had to be done at some stage. Can understand SS wanting to keep their involvement and this does that without them needing to ante up any share of costs. Meanwhile we have a locked in shareholder of choice, at least for the next year or two. A certain base to build on, and no dilution.I was wondering whether last week's increase in resource was limited to help maintain a relatively stable market whilst this was being finalised. Also, better done prior to any possible outcomes in Oman & Moz.I also like the steady improvement in the pedigree of advisers. Hannam has been involved in many of the biggest deals in mining and commodities ever done. Well connected and will not tend to look at things that are hapless and hopeless.

[the deacon] 15/4/2019 08:19

Overview of OPEX costs, SAV shown on graph..Check out @DrRyanDLong's Tweet: https://twitter.com/DrRyanDLong/status/1117675196343828480?s=09

[rickyhatton] 15/4/2019 08:17

"provides welcome simplification, clarity and valuable optionality as we seek to progress our negotiations regarding lithium and co-product offtake agreements along with the Project's proposed financing."

Makes all these milestones more achievable and with enhanced value outcomes, more attractive to major oftakers and to securing improved front loaded offtaker financing which is key. Big achievement to get this (nearly) across the line

[edgein] 15/4/2019 08:07

Bronco,

Yes, but given the massive NPV on the lith those are being vaued by the market at zero at present. Still overall a very good price achieved for MdB and as others have said now full operational control for financing/JV/sale. We'll hear something about Oman and Moz in the upcoming results, hopefully they'll be moving closer to the mining licence in Oman, we might hear about the drilling results too.

Regards,
Ed.

[fqr714bhp] 15/4/2019 08:06

Fantastic news here this morning.

It just gets better and better here.

A great move by SAV.

[broncowarrior] 15/4/2019 08:05

Paleje, do agree with your point though, suppose it does make things easier for offtake arrangements as the offtaker only dealing with one party. Or a 500mm take out by someone for all of the shares would be nice too!

[broncowarrior] 15/4/2019 08:02

This does mean of course that Slipstream as part of this deal also get a massive interest in the mineral sands and Oman projects. Unless DA was valuing them at zero.Slipstream does have connections to DA I believe.I see this as neutral news rather than good news.

[paleje] 15/4/2019 07:55

It's also now a cleaner potential buyout. Were anybody so minded.

[greatfull dead] 15/4/2019 07:38

Yes, shares rather than cash at this stage is a good move.

ATB,
GD

[the deacon] 15/4/2019 07:19

Good move to make the operation more financable. No doubts this will be going into production ...

[greatfull dead] 15/4/2019 07:15

Finally, SAV are in 100% control of its own destiny, subject to shareholders approval.

Good start for me to the week. More good news to come elsewhere this week all being well.

GLA,
GD

[fqr714bhp] 12/4/2019 09:31

Result out next week perhaps? lets hope there are some nice updates and deals with that?
Have a great weekend all.

[the deacon] 12/4/2019 08:12

Excellent interview. It's clear this is a no brainer from these levels

[fqr714bhp] 11/4/2019 13:55

GED5.

Awesome interview with David from SAV there.

[ged5] 11/4/2019 11:40

Thanks IB. So we might have neighbours in the near future. Agree, all the little pieces slowly, ever so slowly being brought together. Just waiting for the whoosh!

An interview from the Stuttgart Investment Conference:

[inbrackets] 11/4/2019 00:01

This has been on other media for a few hours and may have been missed.https://auto.economictimes.indiatimes.com/news/auto-components/portugal-plans-to-open-lithium-licensing-auction-in-may-minister/68818411Further confirmation that the country is gearing up to develop its lithium industry as it pulls together the component parts. Fortescue announced its interest last week. The auctions are now set to go ahead. The rest of the the choreography will now develop.

[broncowarrior] 09/4/2019 16:01

Cheers Ged, just watched it. Something would have to go wrong for this not to be 20p plus by the end of the year IMO.