Savannah Resources Share Discussion Threads

[bristol97] 18/9/2019 21:33

So if you were 100% correct in the past could you tell us what you think might happen in the future ?

[fqr714bhp] 18/9/2019 21:31

Now sitting on a fat big loss, like the rest of us?

[fqr714bhp] 18/9/2019 21:30

LIKE I SAID BEFORE IN MY PREVIOUS POSTS. I WAS 100% CORRECT ON ALL OF IT.

lol!!!!

[jotoha2] 18/9/2019 18:14

With this level of performance from the BOD ,one can only assume that the insiders are privy to either good news on the way , or have been taken in by smooth talkers , we shall know soon enough.

[ged5] 18/9/2019 14:17

I'm making an excuse for myself but I was about to go away when the results were published but in truth I guess I was just lazy. Yes we were told (page 49)there would be further placings, we just didn't expect them so soon and so low.

Perhaps we should have done (page57). In the report we're told that salaries for the year was £1,527,761 for employees other than directors. £131,752 bonuses. OK the bonuses weren't paid in 2018 and rightly so.

We also have directors salaries £435,786 and £170,191 bonuses. Again the bonuses quite rightly weren't paid in 2018 and in my mind should never be paid. The performance has been so bad they should pay double the bonuses on offer to the company from their pockets and should relinquish their salaries until the company is profitable.

Almost £2M on salaries - this is a gravy train.

And look who's at the head of the queue; Archer on £247,200 and Ferguson on £144,484.

We've been conned for too long. Some might say they are aligned with shareholders but how many of their shares were paid for and given their obscene salaries how many have we bought for them.

The pair of them are in cahoots over acquisitions - Finland and Portugal.

Give back at least 3 years salary by buying back shares at a price of no less than 9p.

I'm fairly patient and I do think we have great assets. With a bit of luck (with the incompetence there will have to be luck) we might just get some production. Without luck we'll get taken out at a very low price or even go bust.

However I'm pencilling in 2021, for which one I'm not sure but whichever one it is the share price will be higher than any price I've paid.

For now I just hope the share price stays below 2p so those who took advantage of incompetence and screwed the company have to wait for their 5%-10% profit.

Rant over, back to normal next piece of good news.

[seagullsslimjim] 18/9/2019 12:21

That most likely is one of the placee flippers - would have already sold down from higher levels and so selling down the remnants at any price

Then they move on.

See it on all AIM placings.

Will indeed see sub 2's as there are a probably a fair chunk of shares to be dumped still and the majority of bargain hunters will have already bought in over the last few days.

Its a case of patience and wait a few weeks for a slight lift (more so if news but then that in turn will bring out sellers too)

[fqr714bhp] 18/9/2019 09:59

One sell trade today at 1.96 for 500000 sad desperation at a nice loss.

[fqr714bhp] 18/9/2019 09:57

The Finance Director, should have arranged to do a consolidation of 10:1 at least 9 months ago and then do a cash call after that.

Or at least do a much bigger cash call at the then 9p?????????

You just can't make this stuff up.

[broncowarrior] 18/9/2019 09:42

Dilution does have to happen when no revenue but not at that price. Sickening.

[broncowarrior] 18/9/2019 09:41

The big plus for me with this company has always been the credibility of DA. That credibility has been severely eroded.

[fqr714bhp] 18/9/2019 09:35

READ MY PREVIOUS POSTS>>>>;

2055
2071
2077
2089
2090
2091
2096
2150
2173


I was 100% correct all this time.

LOL!

[seagullsslimjim] 18/9/2019 08:24

joto - they would have started selling a much higher price 2-3 weeks ago, so by the time they are out then their mean average sale price will be higher than where we are today and why i mentioned the 10-20% profit above.

[jotoha2] 18/9/2019 08:19

Thanks , not to sure if its as simple as that , the last 2 days trading has been at a ratio of 2 to 1 buying verses selling , buying has been at no more than 2.05 p so nobody is going to get fat on that if they are selling recently placed stock .

Clearly this company is now in a mess , have management the skills to turn it around , or are they just another bunch of greedy little non achievers.

[seagullsslimjim] 17/9/2019 17:55

jotoha2 - they would have been forward selling for the last couple of weeks and the large trades seen over that period clearly weren't as some thought a distressed seller.

They will continue to offload a fair chunk too at close to / just below the 2p placing over the next few weeks and then off onto the next placing.

Rinse and repeat

Easy 10-20% overall profit for them.

Then for any remaining holders and it will be sell on the news as per usual (ie RNSs released)

The placing at such a low price always beggars the question as to why it was so hard to get the placing away.

Also at 2p then the market cap of the company is still close to £30m

Just a 1p rise would see that increase to a lofty £45m etc...

That crass dilution to me shows complete disregard to shareholders.

To newbies looking in and doing a bit of research will see how this has been diluted to death over the last 5 or so years.

Not so much jam but Marmite tomorrow - ie depending on who you are regarding placings and dilution and you'll either love or hate them.

Maybe Archer and the BoD should change to performance related pay and then see what its like to be hit hard in the pocket.

[jotoha2] 17/9/2019 13:49

Placings which are essentially for paying salaries never go down well in the city , hence the rubbish price , head poncho needs to come up with some solid developments ala pronto.

Bronco how are II's well in the money here , its 2p to sell and placing was at 2p

[broncowarrior] 17/9/2019 10:33

Usual II placing, well in the money for them, not available to us. Loads of them with in the money shares they will get rid of keeping the price down.

Is that really the best the brokers could do, 2p? Just bizarre.

[jotoha2] 17/9/2019 10:12

They certainly like to spend the cash , £20 m with little to show for it but hot air , amazing that major holders are sitting back and watching only .

Good news required or this will become percantage of a penny stock.

[jotoha2] 17/9/2019 10:02

All very good , but not moving forward as they should be, mega overheads being spent with little to show at this stage .

[ged5] 17/9/2019 09:50

David Archer "Outstanding track record of successful public company development"

You have to laugh! Ego or delusional?

I stated earlier one of the pluses was honest management. Looking back at some of the emails from him I'm not so sure.

[ged5] 17/9/2019 09:40

I don't know when this was put on the website. I'm not sure if anyone cares. Probably done for the fund raise.



No, Bronco, they'll just issue cheaper ones.

[jotoha2] 17/9/2019 09:26

Change at the top required , come on you major holders get it sorted.

[broncowarrior] 16/9/2019 22:11

The board's current options are all shagged if that makes people feel better.2p?!

[broncowarrior] 16/9/2019 22:00

Was busy today and missed this news - wish I hadn't seen it! 2p?!

[mattjos] 16/9/2019 19:37

I don't see how they can get this project to fruition on only £6.m cash in hand.Three more years to scheduled production & the small matter of over $100m capital required for the mine.They will have to horse trade the Mozambique & Oman assets because they have zero chance of getting either of those projects going.They are, in effect, squatting on the Mozambique & Oman assets in the hope of gaining licences and thereby achieving better sales price for them.If they can't flog these two assets then, they will be back to the equity markets for further cash raise within the next 12 months, imo.+ there is simply no clarity that there will be 'multi-decade' demand for Lithium from the EV market .... will BEV or HEV emerge as the dominant fuel source in the electrification of transport?Already 1.2Bn shares in issue. In-investible at this juncture.