Savannah Resources Share Discussion Threads

[wanna brew] 06/9/2023 09:43

Albemarle's premium wouldn't have looked half as good if Liontown hadn't been shorted to death by the hedge funds. Funny that isn't it. So another good RNS from SAV full of details. Where do we see it? An unsolicited approach from someone as per Albemarle with Liontown or a sit down with the board and do due diligence.

[wanna brew] 06/9/2023 09:11

IB Yes I realised that, nice to see hedge funds get a caning now again and an example of manipulation

[inbrackets] 06/9/2023 08:10

10m is rental payments for access over life of mine so not that much of an issue.Comprehensive update about ongoing progress. Drilling due to start next week by the sounds of it, reporting back around early December. Couple that with any commercial negotiations......

[garykc] 06/9/2023 07:32

Lots of cash to raise as well. at least £15m by the looks of it and that is just compensation.

[broncowarrior] 06/9/2023 07:18

Lots of detail about the project today.

[inbrackets] 05/9/2023 21:58

That was on the original bid back in March was it not, rather than the updated bid yesterday.

[wanna brew] 05/9/2023 18:14

An interesting read https://www.afr.com/markets/equity-markets/liontown-bid-brings-lithium-armageddon-upon-hedge-funds-20230329-p5cwfc

[wanna brew] 05/9/2023 12:46

All smoke and mirror games at the moment. My top up last week went through under the mid so shown as a sell. Suspect more of the same and late reporting of trades.

[themightyali] 05/9/2023 12:29

What the hell!

[goodday1] 05/9/2023 10:34

LolIt is imminently imminent.I am not buying any more of this carp.Gl all

[wanna brew] 04/9/2023 17:53

And of course there's no trade manipulation going on lol

[goodday1] 04/9/2023 16:13

I got more at 3.75Let us see if they take it further down.LolAny further news on Tesla buying us???LolGl all

[wanna brew] 04/9/2023 11:56

IB your last para, hope you're right,

[goodday1] 04/9/2023 11:33

We seem to be having the same conversation as we used to talk about PAM & copper & Oman.The LTH will know which way that went.I just want it to stay above 4p or is this too much to ask for?I keep buying it cheaper & keep crossing my fingers & press the buy button.LolOne day Rodders.Gl all

[inbrackets] 04/9/2023 10:49

As with all.Buyers are likely to highlight the future risks to tempt any immediate waiverers. This first price offer was not supported by the board and they simply went public. At that stage it was Get Thee Behind Me, Albermarle, but the view has changed with a bit more silver.Yes a premium, but not multiples primarily as they are much closer to production so higher starting point. Personally feel that we need to be further down the line with the relevant share price increases following the necessary stages.

[wanna brew] 04/9/2023 10:29

This para in particular from the primary offer could easily apply to SAV. Albemarle believes this offer provides enhanced liquidity and accelerates the realization of incremental value for Liontown shareholders beyond what might otherwise be expected from share price performance over the next few years and without the operating, market, financial and other risks that could impact the value of Liontown. Albemarle has submitted this attractive cash offer in advance of Liontown's completion of the Kathleen Valley project, which allows Liontown shareholders to avoid future risks associated with project development and operations.

[wanna brew] 04/9/2023 09:44

Upped offer from original 2.50 ps. When you read the primary offer and how they sold it to shareholders, quoting premiums, you get an indication of possible things to come here with the current suppressed share price https://investors.albemarle.com/news-and-events/news/news-details/2023/Albemarle-Announces-Proposal-to-Acquire-Liontown/default.aspxCan they really hang on in there and negotiate take off agreements ?

[inbrackets] 04/9/2023 09:26

That may well be right, over time.In the meantime, https://investors.albemarle.com/news-and-events/news/news-details/2023/Albemarle-confirms-non-binding-agreement-to-acquire-Liontown/default.aspxOver USD4bn. Is this to be a going rate?

[goodday1] 04/9/2023 09:11

hTTps://www.adamsmith.org/blog/no-plan-strikes-us-as-being-eminently-sensible-here

[wanna brew] 03/9/2023 20:55

Whether Aethel have Savannah in their sights is just pure speculation for now but they certainly seem to have ambition for something with that post on their LinkedIn page.

[wanna brew] 03/9/2023 18:04

Update on LinkedIn 6 days ago At Aethel Mining, our roots in the iron ore sector have given us a profound understanding of the intrinsic bond between natural resources and societal progress. As we've witnessed the ebb and flow of industries and economies, one thing remains clear: the responsibility we bear in shaping the future of sustainable mining practices.In today's rapidly evolving technological and environmental landscape, it's not just about extracting value from the earth. It's about understanding our planet's bounty and ensuring that we utilize it with the utmost care and responsibility. It's about creating a legacy of balance between human progress and ecological preservation.We're proud of our contributions to European industries, and we continue to explore innovative ways to drive positive change in the mining sector. As we look forward to the future, Aethel Mining is keen on forging new partnerships, embracing novel technologies, and delving into diversified mineral opportunities that align with our core values.To industry peers, experts, and innovators, we extend an invitation: Join us on this journey of sustainable exploration. Together, let's not just mine, but also refine, the future of this industry.

[ukgeorge] 03/9/2023 16:37

It is the Fastmarkets battery materials event later this month. Savannah is in attendance. Hopefully something comes of that, it is about time the European car companies did a few deals on the lithium front. Surely VW is the obvious one.

[futurum1] 02/9/2023 16:49

Personally, I would prefer to see someone who has the financial muscle to enter into talks in an off-take agreement. I'm ok with a full sale only if we receive 30/40 Cent!
Otherwise, I am perfectly ok with going the distance and I would imagine many of the long-term investors would agree with my view!

[wanna brew] 02/9/2023 14:18

With 11m in the bank, where's the rest coming from to get operational and producing. Yes, off-take agreements can be struck to include financing but with the grab to ensure supply and be less reliant on China, will they get that far before a bid is tabled. iF the story is correct Aethel have popped their head above water in this respect. The CEO has publicly stated in an online presentation that they have about 40-50 enquires to sort through. Will one of the big boys want the lot or will they survive through to production and share the spoils through various off take agreements. That is the speculative question.