Savannah Resources Share Discussion Threads

[barriew] 16/9/2019 19:09

They seem to keep making finds or buying more land but never actually sell anything.
It’s very similar to stratmin mining, that got sold out on the cheap.

[paleje] 16/9/2019 15:46

After raise they say we've got 6.8m in bank ...so 1.8m before the raise.
We had 7.7m as at Dec 2018 so we've burned 5.9m in 8 months. If we carry on at that rate we'll need more by early summer 2020.

Time is money and the macro outlook for EVs is slower than hoped for all round and particularly worrying is China's part because demand there has tanked. We need some proper third party input but I can't see it coming any time soon, I hope I'm wrong.

I sold a chunk this Spring in favour of Bacanora, I wish with hindsight I'd done the lot but Bac isn't quite plain sailing either and hindsight is never available when we need it:(

[themightyali] 16/9/2019 15:30

I would but I just recently bought more at 3.3 last week, f...ing B.....ds!

[yidarmytom] 16/9/2019 15:30

more dilution, more Shareholder value wiped out, this will continue down to nothing
Tom W
Clerkenwell, London EC4

[ukgeorge] 16/9/2019 15:09

Sad thing is the only way to make any money is to be buying down here.

[paleje] 16/9/2019 13:47

The thing that got me, apart from the size of the discount, was and is the way some things are snuck in and sometimes important points skated over. The last time the FS was delayed it was done on the pretext of needing more time to embellish the figures with updated info but this time it's just mentioned half way down the script no reason given.

I would rather hear an honest assessment as things go along, if things are running late say they're running late and the reasons for it. I'm sure the share price would suffer less if more transparency was employed rather that leaving it to holders to guess...because they will always guess the worst, especially when distrust sets in which I think has happened here now and understandably so.

[jotoha2] 16/9/2019 09:21

Am sure the major holders had no option but to continue funding this lot , now what they should be doing is clearing out the BOD and bring in some proper skills who can turn this mess around , frankly looking at the present BOD , they have screwed everybody big time.

[ged5] 16/9/2019 09:21

jotoha, that sounds too positive for me just yet. Please show some restraint.

[ged5] 16/9/2019 09:19

I've noticed 3 trades so far are the Non Protected Portfolio, single protected transaction.

Never really understood what this means but probably some sort of shenanigans at our expense!

[jotoha2] 16/9/2019 09:16

6p is now a nice target , can Archer and his non achievers come up to speed.

[biopop] 16/9/2019 09:02

nice price for the major shareholders but appalling for us. the "lol subscription" - couldn't they have come up with something better than that

[highly geared] 16/9/2019 08:23

Unmitigated disaster for us private shareholders with c 20% dilution and DFS running over a year late from original timescales. Now one for the bottom drawer. Archer has presided over an 80% decimation of the share price whilst not delivering a single milestone on time in over 5 years. Feels almost like an RIP moment....

[fqr714bhp] 16/9/2019 08:15

Now you know why all the dumping of shares has been going on over the past 3-6 months.

This was all planned ages ago.

Talk about insider information, this stinks of corruption and should be investigated.

Nothing short of criminal.

LOL!!!

[paleje] 16/9/2019 07:42

My reaction too, and another setback to Q2 2020 for the DFS.

[the deacon] 16/9/2019 07:31

Frankly, that's disgusting

[soulsauce] 16/9/2019 07:25

Ouch. 2p a bit of a kick in the gonads.

[greatfull dead] 13/9/2019 11:41

Very reassuring interview Proactive interview with David Archer on Moz and Portugal.

GLA,
GD

[teemore] 12/9/2019 14:14

seagullsslimjim- It depends how one interprets mining and all mine development has opposition. People appear not to understand that without mining most house hold items would disappear, along with the house. When you build houses you strip soil with heavy machinery. Rain washes soils into streams-it has been doing that for hundreds of years. Heavy rain can lead to flooding and their is more harm caused to rivers and fish by drought!. In this day and age it is possible to mine with minimum disruption. To move from diesel motors to electric ones one need to mine the element. We all own a phones/televisions/beds/ dishwashers/etc?-all our houses are full of items which would not be present without mining. We sleep in a bed and our house has a roof (tiles/steel/slates) all mined/excavated materials.

[ged5] 12/9/2019 13:12

Thanks Jim. Make up your own mind:-



Answered one of my questions.

[seagullsslimjim] 11/9/2019 14:53

Ged - i did remove the word coal as it wasn't relevant to SAV but the processes and environmental issues are similar.

Then again i could have put fairy dust in its place as seems as likely for us to see that based on past projects and where they stand.

Jam anybody?