Savannah Resources Share Discussion Threads

[wanna brew] 14/7/2023 08:34

Strong position now to negotiate offtake agreements that includes further funding as the RNS states or as you suggest, will someone want the lot. Going to be some interesting months ahead.

[ukgeorge] 14/7/2023 08:18

"The PrimaryBid Offer remains open for individual investors until 4.30 p.m. on Monday 17 July 2023 and the result of the PrimaryBid Offer will be made as soon as practicable thereafter."Will be interesting to see how much more is raised.

[ukgeorge] 14/7/2023 07:48

It is a pleasure to welcome a number of new institutional investors onto our register, including some natural resource sector specialists. It is also very pleasing to continue to add to the international nature of our share register as we welcome more shareholders from Europe and Australasia while also building on our firm foundation of UK shareholdersAlso, like the sound of this. Wonder who the Australasian ones are. Longshot and speculative guess Fortescue. That would be great. They could easily snap us up for a weeks worth of iron ore profits. Obviously would like it to be many multiples of 4.6p

[ukgeorge] 14/7/2023 07:41

Good to read thisIn addition, Al Marjan Limited, a substantial shareholder in the Company, represented on the Board by Mr Imad Sultan, subscribed for 7,500,000 Subscription Shares at the Issue Price.

[flc] 14/7/2023 07:35

Hats off to DF, a well executed fundraise.

[mandolinian] 14/7/2023 07:23

With the potential of new licenses to drive it up further

[broncowarrior] 14/7/2023 07:14

3 years actually producing and a decent finance package 25p shouldn't be unrealistic.

[wanna brew] 14/7/2023 07:10

Yep. Had an inclination that a RNS might pop up this morning.

[wanna brew] 14/7/2023 07:07

And there we go, first tranche to Institutional investors done and dusted. Still open for private investors. Wonder what the market will price this at now.

[mandolinian] 14/7/2023 07:04

Done and dusted by the morning.This wasn't a bucket shop, keep the lights on raise.

[wanna brew] 13/7/2023 20:34

And the speed at which it's been carried out. Just 2 business days and could close earlier if over subscribed. Hmm

[ukgeorge] 13/7/2023 20:05

I can't guess what it will be in 3 days.....But I'm heading to Porto next weekend, so hopefully these will be 5p and I can get a bottle of port to celebrate and fingers crossed avoid gout. But will also in a couple weeks work out the npv etc for current li prices and see what each additional $100/t adds.Cheers

[mandolinian] 13/7/2023 19:48

Feel this is the big boys saying "we want in but not causing a frenzy on open market".Could be wrong of course but the raise price says a lot

[weaverbeever] 13/7/2023 19:33

So based on all that. What is the 3 year share price target?

[ukgeorge] 13/7/2023 18:43

These figures below are off the charts, it's pretty exciting really. Perhaps after the placing we will get our 5p. The key highlights of the Scoping Study are summarised below:-- Base Case post-tax NPV of US$953 million, IRR of 77% and payback period of 1.3 years -- Life of Mine ('LOM') revenue of US$4.2 billion -- LOM EBITDA of US$2.8 billion -- LOM post-tax free cash flow of US$1.7 billion -- Based on average 5.5% grade spodumene concentrate LOM price of US$1,464/t vs. current 6% grade spot prices of US$3,500/t-- Resource of 28Mt at 1.05% Li O with a lithia content of 293,400 tonnes -- Resource Utilised in Mine Plan, 20.5Mt at 1.05% Li O and average annual run-of-mine production of 1.5Mtpa, over 14 years

[wanna brew] 13/7/2023 18:28

Already have from broker H&L an invitation to participate. Certainly a tight deadline with applications to be entered by Monday.

[ukgeorge] 13/7/2023 16:28

Makes a change from it being 30% below the share price, like back in discount Dave's days. Cash was obviously going to become an issue over the next year. Shame the EU with all its pontificating about wanting to reduce Europe's reliance on imported raw materials can't support this project through a grant or similar.

[ged5] 13/7/2023 16:22

Seems to me that the placing is at a premium to the mid-price at the moment, it being 4.6p.

[flc] 13/7/2023 16:14

At least it's at a minimal discount...perhaps this is what has kept the share price stalled.

[kirkbymoorside] 13/7/2023 10:56

And when they were up they were up and when they were down they were down and when they were only half way up they were neither up nor down ! Until the final DFS of course !

[ukgeorge] 12/7/2023 12:49

5p .....

One day

[rovi70] 12/7/2023 12:26

Come on ssaavvv