Savannah Resources Share Discussion Threads

[broncowarrior] 13/6/2017 16:41

What Oman news are you expecting?

[ged5] 13/6/2017 12:36

I know it's only a few months since the last placing and I seem to remember they had about £3M but now they have 4 projects which will need funds.

Also as they move nearer to production more work will need to be done. Most of it I suspect will be debt but further working capital will be needed before money starts coming in from production.

From my experience a change of broker is also a prelude to a fund raise.

All in my opinion. I hope the next placing is above the 8-9p level.

I think you're right though, Oman news has been expected for at least 3 months.

[seagullsslimjim] 13/6/2017 12:17

what placing are you expecting Ged ?

It is the lack of Oman news that is the real drag at the moment on the share price.

[ged5] 13/6/2017 11:38

So David Archer and Al Marjan Ltd have retained their holding but slipped under notifiable percentage holdings.

Wish they'd get on with the placing and give us news from Oman.

[ged5] 09/6/2017 15:11

From today's tweet from SAV:-

Prices for lithium carbonate, used in the cathode of a battery, have more than doubled since 2015, according to consultancy CRU. Asset managers, including BlackRock and Capital Group, have recently bought up shares in smaller lithium producers, while there is speculation that battery and carmakers could also begin to invest in miners to secure a tighter grip on supply.

Some now point to the possibility of a “lithium supercycle"...

[dropside] 08/6/2017 12:08

Maybe the Qatar issue has something to do with it too, unsettling for the whole region including Oman. That may have influenced some of the selling? Long term the prospects for Oman mining are good and of course Savannah have world class assets in other parts of the world.

[seagullsslimjim] 08/6/2017 00:01

no news on Oman is depressing this, plus summer time market malaise
get the update on Oman and things should pick up,

[broncowarrior] 06/6/2017 15:18

Was just a placing for the Portuguese asset, although they are locked in perhaps they are lending them. Who knows. Might be just an in between lull.

[airs999] 06/6/2017 13:47

What do you suspect is holding things down?

[broncowarrior] 06/6/2017 10:36

Under 6p again...

[airs999] 03/6/2017 19:07

Broker's view: price rebound
After being plagued by oversupply and excess stocks in 2015 and early 2016, the market for ilmenite and rutile turned around significantly in mid-2016, and global stocks are now tight. Upward price movements have been the most pronounced for sulfate ilmenite, as reduced domestic supply and supply disruptions in India have resulted in shortages in China, the world's largest feedstock market. Rutile markets remained more resilient in the downturn, but stocks remain tight and, while zircon markets had a tougher end to 2016 with stocks still in the market, market participants have forecast a rebound in 2017. Pricing for titanium feedstocks is usually adjusted either on a quarterly or half-year basis, but due to the competitive nature of the industry, pricing is often associated with a high degree of opacity, especially with regards to active offtake contracts. Rutile prices are adjusted quarterly and ilmenite prices are adjusted on a ship-by-ship basis.
We forecast continued strengthening of titanium feedstock prices in 2017, particularly in sulfate ilmenite, which has swung from a surplus in 2015 and 2016 to the most in deficit in 2017. We forecast more modest 2017 price increases in rutile and zircon, and we believe that these markets will continue to gradually strengthen through 2018. We forecast that sulfate ilmenite prices will strengthen to $175 per tonne, reflecting strong pigment demand from China, and while there are few large-scale deposits that can be brought online for ilmenite, we have kept our long-term forecast at a conservative $160 per tonne post-2020 to reflect partial resumption of Chinese production. This tends to more closely follow Chinese steel prices (the majority of Chinese ilmenite production is as a byproduct of iron ore production). With an iron ore price above $90 per tonne, we believe some Chinese byproduct ilmenite may come back online, although we note that Chinese smelters currently favour higher-grade iron ore imports over lower-grade domestic Chinese iron ore.
Justin Chan and Jonathan Guy, mining analysts at Numis

[airs999] 03/6/2017 10:57

Interesting article on the heavy sands mining sector today in the Investors Chronicle

[airs999] 02/6/2017 16:26

That's what the market is waiting for before getting into 7p+ territory can happen?

[airs999] 02/6/2017 16:25

Yeah re Oman news

[seagullsslimjim] 02/6/2017 13:32

Do you mean the Oman news?

[airs999] 02/6/2017 13:02

When do you guys think the announcement is going to happen? There have been some decent sized buys recently? Are we looking at next week I wonder

[airs999] 01/6/2017 21:07

I'm now invested in bluejay, savannah and Georgian and it's now bluejay and even more so savannah that need a solid injection of red bull in their veins

[airs999] 01/6/2017 21:04

Some big trades (buys) today late on. I wonder when savannah will do something of what bluejay and even more so Georgian mining corporation has done and get some significant momentum on prices and valuations?

[paleje] 01/6/2017 13:59

Comprehensive article on mineral sands in today's IC, positive on the outlook for demand and prices, mentions the (only) handful of players, Savannah amongst them. Can't print this early cos its subscription.

[ged5] 01/6/2017 08:52

Not a bad price Bronco but also to be held for 6 months.

Are they not in effect going to Dale Ferguson and his business partner?

[ged5] 01/6/2017 08:24

So Al Marjan could purchase almost 6M shares if they wish to keep 29.9%. I wonder if they will and how they will do it?

[broncowarrior] 01/6/2017 07:37

Shares issued to the lithium vendor, I'm happy enough with the price.

[broncowarrior] 31/5/2017 14:23

Good volume again, good to see.

[inbrackets] 31/5/2017 09:51

BW, Ged was right, I ran out of pills at the weekend and only managed to get fresh supplies by yesterday evening. Please don't take anything I say seriously.

[ged5] 31/5/2017 09:44

I understood what you meant in your original post. I think Inbrackets should remember to take his medication and do more walking. :))

SP recovering now after a little selling this morning!