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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Savannah Resources Plc | LSE:SAV | London | Ordinary Share | GB00B647W791 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 2.56% | 4.00 | 3.90 | 4.10 | 4.00 | 3.90 | 3.90 | 1,870,546 | 13:42:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -3.62M | -0.0020 | -20.00 | 73.13M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/9/2019 10:55 | Suspect you may need to check the make up of the burn rate. The headline numbers will include purchase costs of the extra % and a heavier period of drilling.I think they foresaw the potential for a shortfall, hence the placing, due the delays caused by greater analysis and looking to include the wider resource. They say that they had eked out the funds raised at 9p and as we know, there was no influx from an offtake agreement.I did notice a subtle change as in the placing doc it Implies that they left the door open for a potentially small tap into shareholders in the future, but the interims pulls the blind over that option (though it always remains an unspoken option as we know). | inbrackets | |
26/9/2019 10:32 | jotoha, "17% of shares are held by II". You've discounted Al Marjan and Slipstream which is ridiculous. Look I've had my disagreements with Archer but his mistake is being over optimistic and can be somewhat misleading.(But I think with good intention). With African based companies I used to add 3 months to any deadlines. With Archer you have to add 3 years but he'll get there. However I note from the results the current cash burn is £118181.82 per week which gives us enough cash for just over a year. I'm being gracious here because there was no work done in Portugal during August. If Archer and Ferguson forego their BASIC salaries we'd have enough cash for another 21 weeks! Warning: always check my figures! Not got to that part yet HG. | ged5 | |
26/9/2019 10:16 | 17% of shares are held by II , that figure is nothing to shout about , they had to go in at 2p as no other takers were available , Archer is a typical AIM director whose only interest is seeing the gravy train continue , if he had achieved a reasonable level of success then the share price would not now be at 2p but probably 20p . Sell the company ! | jotoha2 | |
26/9/2019 09:47 | If you read the results, there’s a reference to retail shareholders that effectively says that the company doesn’t give a damn about them.. | highly geared | |
26/9/2019 09:44 | jotoha2: I agree. Mr: D Archer needs to sell this company " NOW " before it does a Thomas Cook. | fqr714bhp | |
26/9/2019 09:33 | Clearly the CEO is not up to the job , the best outcome here is to put the company up for sale , it has some good assets but with poor management these will never come to fruition . | jotoha2 | |
26/9/2019 08:56 | Results tend to be a narrative of what's happened during the period and guidelines to future events. Since previous guidelines have been proved to be no better than a jackanory story I haven't brought myself around to reading them yet. So thank you, paleje for bringing a valid point to our attention. This slippery overpaid man puts ambiguities in the text hoping nobody spots them. However on this occasion I might have misjudged the man. (I haven't really. He's overpaid for failure on deadlines.) He's always likened SAV to Altura. We are supposed to have similar spodumene to them, so my first port of call was to see what processing challenges they might have. I seem to remember other lithium producers having problems but I can't see any for Altura:- Perhaps he's trying to point out that companies with good quality spodumene, which SAV are supposed to have, will be successful. | ged5 | |
26/9/2019 08:45 | AND WITH THE CURRENT CASH BURN, " THERE CERTAINLY WILL BE ANOTHER CASH CALL BEFORE JUNE 2020. " AND AT WHAT PRICE NEXT TIME " 1P "??????????????????? | fqr714bhp | |
26/9/2019 08:23 | Back to sleep until June 2020. | highly geared | |
26/9/2019 08:04 | Very detailed report which at least gives some reasons for the delay in the DFS. 109mm for the mine build is not a huge amount of money in the mining sector. | broncowarrior | |
26/9/2019 08:03 | Lot of reading in today's apology/explanation (sorry I mean Interims), pity more wasn't divulged along the way. Anybody know quite what he's referring to re 'processing challenges' being reported by first wave of Aussie spodumene producers? this is the paragraph:- "However, as explained in the recent placing announcement, there remains more work to do to complete the DFS. This has been brought about by the discovery and subsequent delineation of new orebodies which has meant that drilling campaigns have been extended, mine designs have needed to be reworked and pit sequencing plans revised. Our metallurgical test work programme has also been expanded. This is not only to include samples from the newly discovered deposits but also to comprehensively evaluate all ore types which will be treated at the project in the light of the processing challenges reported by the first wave of new spodumene producers in Australia over the past year. Savannah regards a rigorous approach to the DFS as vital to the future success of the Project." Full of ifs and buts and euphemisims, some beyond management control others not. But communication is always in managmement's control and that has not been good enough imo. Maybe it will pick up if the referred to ongoing talks come good but to me the whole energy resources sector looks sick at the moment. | paleje | |
26/9/2019 07:58 | Interim result out today. More waffle and more waffle????? We have heard this several times before, nothing bloody new. Where are the off takes?????????????? Where are the financial deals??????????????? LOL> | fqr714bhp | |
25/9/2019 15:28 | BroncoWarrior. Mr: David Archer has to fill his pockets with cash before he gets booted out in the next AGM. Hence the cheap cash call at 2p no matter the fallout for share holders. Call ourselves lucky so far we are not Thomas Cook???? | fqr714bhp | |
25/9/2019 14:54 | Only good thing about the holding RNS is DA's massively out of the money options. | broncowarrior | |
25/9/2019 14:43 | Pottery opportunities - who cares. Market cares about the inexplicable raise at 2p. | broncowarrior | |
25/9/2019 10:56 | Buy at 1.995p upto 1000000 Sell at 1.915p upto 200000 Must be a great feeling, of a job well done for those who bought at 5p and 9p cash call. LOL. | fqr714bhp | |
25/9/2019 10:21 | Plenty of stuff for pots, cups, glassware and other stuff in the visitor centre shop at Portugal if the mine ever progresses. Meanwhile Oman is 3 years late with still no clear steer on whether we will actually get the mining licence and on what basis. And the Portugal BFS will be 18 months behind the timescale we were told 12-15 months ago. And in Mozambique, the mineral sands have probably gone due to techtonic plate movement since the project started... | highly geared | |
25/9/2019 09:49 | Filtered. FQR | ukgeorge | |
25/9/2019 09:34 | MR: DAVID ARCHER. SELL SAV NOW AND DO IT QUICKLY BEFORE YOU GET ZERO £ FOR IT. RIP. | fqr714bhp | |
25/9/2019 09:34 | MR: DAVID ARCHER. SELL SAV NOW AND DO IT QUICKLY BEFORE YOU GET ZERO £ FOR IT. RIP. | fqr714bhp | |
25/9/2019 09:34 | MR: DAVID ARCHER. SELL SAV NOW AND DO IT QUICKLY BEFORE YOU GET ZERO £ FOR IT. RIP. | fqr714bhp | |
25/9/2019 09:34 | MR: DAVID ARCHER. SELL SAV NOW AND DO IT QUICKLY BEFORE YOU GET ZERO £ FOR IT. RIP. | fqr714bhp | |
25/9/2019 09:34 | MR: DAVID ARCHER. SELL SAV NOW AND DO IT QUICKLY BEFORE YOU GET ZERO £ FOR IT. RIP. | fqr714bhp |
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