Savannah Resources Share Discussion Threads

[edgein] 29/9/2017 08:11

Goodness me, not only do they have the mining licence in Portugal they're expecting to be in production from the high grade Oman asset by just H1 next year. I hadn't realised that any of these projects are that near term. If they're to hit that target announced today there's a stream of news to come here short term, financing, planning, construction and then production. As well as all the drill results and assays from Portugal too. Interesting.

Regards,
Ed.

[hiddendepths] 29/9/2017 07:55

Agreed rh.

All reads well and nothing scary in the numbers.

Now we know why they're able to give talks next week!

[rickyhatton] 29/9/2017 07:41

Oman looks the key short term emphasis

"I am pleased to report that we are now well poised to transition into production, with copper mining expected to commence in Oman in H1 2018.

I am pleased to report that we have received strong interest from off-takers and this could form part of the financing element for the mine development.

Accordingly, our focus is now on converting our near-term production potential into a reality. In Oman, this means finalising our production and processing plans whilst we await the grant of the mining licences so that we can commence mining in H1 2018"

Looks like Oman close, and clearly the priority to get cash flow to fund Portugal and Moz.

[landersd] 28/9/2017 17:03

Ah ok , thanks

[rickyhatton] 28/9/2017 16:51

landersd - I think you need to register to get that info - 11.30am

[landersd] 28/9/2017 15:40

where does it say David is presenting on Monday morning ?

[ged5] 28/9/2017 12:29

Welcome!

What were your reasons for investing in SAV?

Thanks for the link.

I notice David Price is representing SAV the following week at the Mining Investment Conference in Muscat.

[rickyhatton] 28/9/2017 10:35

Ged5

Yes.

Archer is presenting in Dubai about Oman early next week as an "industry titan". Might be Oman news to coincide.



He is speaking on Monday morning so any RNS would have to be by Monday.

[ged5] 28/9/2017 08:51

I wasn't expecting that! Must be all those buys flooding in! ;)

[broncowarrior] 27/9/2017 15:06

Yep, were pictures on Portugal and Moz last time I checked. Is the one you mention from today?

[ged5] 27/9/2017 14:21

lol hiddendepths!

Latest tweet

#Mutamba heavy #mineralsands pilot plant assembly accelerates in #Mozambique

There's the crane DA was talking about.

[broncowarrior] 27/9/2017 14:13

Just looked through the last annual report to see what happened to our stake in ALO; I see the shares were suspended and we wrote down a 1mm quid loss for 2016. Wondered why it was never mentioned any more.

Nice consolidation point for a nice Oman RNS I hope.

[hiddendepths] 27/9/2017 10:54

The Nomad may have seen it and had apoplexy!

[ged5] 27/9/2017 10:31

Hi Ricky,

Thanks for the confirmation.

I now think it was an error. Bronco was correct when he said DA should have said soon.

In that subsequent interview, shortly is the word used for news from Oman.

Have you recently joined us?

[rickyhatton] 26/9/2017 15:27

Ged5

I heard it too. It was 100% not imagined.

Archer said "next week" in relation to updating the market on Oman,(so this week) but it got wiped out of his interview within an hour or so of my listening to it.

So it must be news imminent. And it fits with the subsequent Archer interview response of "yep, very much" in response to the question about will he be mining Oman in H1 2018

[hiddendepths] 26/9/2017 15:20

Is it starting to blow? Look out above!

[ged5] 26/9/2017 13:30

On the move yet no tweets or interviews so far today!

Too nice a day up here in the North West to be stuck inside! The garden beckons!

[hiddendepths] 26/9/2017 12:53

Someone thought it was worth it and cleared out the few cheap shares left!

[hiddendepths] 26/9/2017 12:39

OK, you can buy 10,000 shares. Not worth the effort!

[hiddendepths] 26/9/2017 12:36

I can't buy any online at present. I started high and gave up when there was no quote even for 25k. No seller there now, that's for sure!

Not sure why they haven't been marked up yet.

[ged5] 26/9/2017 12:13

I noticed the number of shares being offered was reduced earlier on. 5.7p on the bid so I expect to see a late reported buy.

[hiddendepths] 26/9/2017 11:14

Clearly still a seller around but he's losing more of his stock this morning after reasonable buying yesterday. Tempted to add. This could treble in short order imo, not that that's why I'm in. I'm very much a longtermer and in on fundamentals, which have improved with the Portuguese news.

[ged5] 26/9/2017 07:41

Agree! :-)

[broncowarrior] 25/9/2017 21:33

Saw the pictures of mutamba and Portugal on twitter, lots going on. Hopefully Oman next.