Savannah Resources Share Discussion Threads

[fqr714bhp] 14/8/2019 14:56

Or No one will want to under-write the next cash call?

And a public cash call will be even worse?

[fqr714bhp] 14/8/2019 14:49

UKGeorge:

They will be quaking, trust me when huge voting blocks with (against) re-elect come at the AGM.

[paleje] 14/8/2019 14:34

FQ you truly are a Jekyll & Hyde character going by your posts, the majority on the frantic side but a few considered ones too so not all is lost. Keep taking the meds.

[ukgeorge] 14/8/2019 14:33

they must be quaking.

[ged5] 14/8/2019 14:31

Well let's hope you're a happy man very soon. Although you seem to laugh a lot so can't be too bad!

[fqr714bhp] 14/8/2019 14:27

No I have shed loads of these.

And not a happy man, and my friends who own many millions are even less happy and with many voting rights.

Mr: Archer and Co watch out for the next AGM voting!

LOL>

[ged5] 14/8/2019 14:13

As I said earlier, FQR, I'm not convinced the company would allow a fund raise at this price. They do have a good record of having higher placing prices than the previous one.

On that basis I bought more. You believe the worst. So are you the seller?

[fqr714bhp] 14/8/2019 14:08

SAV will be long gone BUST by then.

Or they would have done so many cash calls with ever decreasing share price.

Soon there will be 3 billion shares and a share OVERHANG from hell!!!!!!!!!!!!!!!

[fqr714bhp] 14/8/2019 14:04

IMHO.

Pay the fees for OMAN and sell that asset ASAP.
Mozambique is a total dead duck, i never did understand why RIO Tinto got involved with that. Corruption in that part of the world is insane.

The main focus is for lithium for SAV.

So the best thing they can do is sell the asset in OMAN.

That is " if any one wants to buy it. " as current world chaos is so bad that selling any thing is a total nightmare.

[ged5] 14/8/2019 13:57

Didn't you sell when Lithium prices were at an all time high and you knew Brexit was coming?

Is it easy to place 500+ million shares?

[ged5] 14/8/2019 13:25

Didn't they raise 11.5million last year?

Raised gross proceeds of £11.5 million cash at 9 pence per share.

· Funds will predominantly be used to support the next stage of development for Savannah's Mina do Barroso Lithium Project located in northern Portugal, providing funding to decision to mine.

[greatfull dead] 14/8/2019 12:31

Ged,

I'm with you on all points in your post, especially looking forward to next month and the next quarter.

All to play for...

ATB,
GD

[ged5] 14/8/2019 12:18

Interesting thoughts, busraker.

I'm not convinced the company would allow a fund raise at this price. They do have a good record of having higher placing prices than the previous one.

I think we'll have plenty of good news first.

So where are FQR's friends now?

[inbrackets] 14/8/2019 11:43

FSA is no more unless you want to talk to about food. Replaced by the FCA quite a few years ago.

[ged5] 14/8/2019 11:13

Thanks GD, only just read that article. Sounds like there's light at the end of the tunnel.

Gratifying to know you have friends, FQR. What can anybody do if someone decides to sell whether institution or pi? At some point whoever it is will run out. There are several big holders if you believe posters here and elsewhere. Perhaps they don't believe in the story here anymore.

Personally I think we have a lot to look forward to especially next month and the next quarter. I've managed to pick some up at a price lower than my first ever purchase thanks to the non believer!

[busraker1] 14/8/2019 11:05

It's probably just the weak lithium price lull over the Summer as per most other lithium shares around the world.

However, in more speculative moments I wonder if they are book building towards something like a 700m share placing at 3.5p to raise $30m towards the $100m+ mine capex as part of the terms of, say, a $70m loan deal from an outside party and perhaps some $15m/$20m advance from an offtake partner etc etc. SAV will have to raise a lot of money this side of Christmas, or before Spring, in theory if they are moving at the speed they suggest?? This mine could be moving towards $200m per annum revenues from 2021. I can't imagine someone providing a large loan without seeing a financial commitment from SAV too.

But, that's all speculation. I don't know anything other than the kind of deals other lithium mines have put together and the fact the price has moved down quite quickly.

It may be too early for the financing yet, but you'd expect equity to be part of the finance deal. Not great timing to have to do it re. the share price at the moment, so hopefully I'm entirely wrong!

All imho...

[fqr714bhp] 14/8/2019 10:53

I Still have a few friends there,
Lets see what is going on with SAV as the dumping since April is highly irregular.

[fqr714bhp] 14/8/2019 10:50

Sorry, i have FAC on the brain today.
Should have gone to specsavers??? I mean the Financial Service Authority (FSA)

LOL!!!!!

[ged5] 14/8/2019 10:47

They know FAC all!

[paleje] 14/8/2019 10:32

Who's FAC and what the fac do they know?

[paleje] 14/8/2019 10:30

Thanks GD.

jotoha2, yes BCN got hit by sentiment and didn't the Chinese just love it!

[ukgeorge] 14/8/2019 10:28

This is the Aim mkt they will literally laugh at you