Savannah Resources Share Discussion Threads

[ged5] 10/11/2017 17:25

I didn't intend to sound despondent IB. I try not to shy away from the facts but I do think we are about to enter a very exciting period even though we may have to wait another week or two.

I acknowledge your longevity Bronco although I hope you took some profit on some of those spikes. I'm a relative newcomer with first purchase at 3.75p October 2016. This year has tested our patience but I hope for very large rewards over the coming years.

Yes Yorkie, I am from Manchester. We were just having one of our frequent holidays on the Yorkshire coast. Lovely part of the world! However I found out a few years ago that my ascendents were the Hawksworths who apparently resided at Hawksworth Hall.

Edgin, I agree with you about Oman. It was part of the reason I invested here. Portugal wasn't on the scene last year but I think it will be over the next few years -big time!

[yorkie14] 10/11/2017 15:44

Are you from God's Country Ged?

[broncowarrior] 10/11/2017 11:17

I've been in this since it was AME, junior miners take an age to get to where they need to get to, have to be patient and ride the waves.

Glad the crab sandwiches were nice, every cloud!

[inbrackets] 09/11/2017 22:44

Ged, Moz will just potter on towards its end result over time, though it shouldn't be long before we get to the next stage with the PFS and pick up 35%. On the rest, we just have to wait for news but they are running out of places to hide. That sounds worse than what is meant, what I mean is that they are getting to the point that the news and details on what we want to hear about simply has to be disclosed rather than drone photographs and videos of pilot plants, however interesting.Temper the despondency. Indeed, positively, November is reducing and ebbing away...no doubt there will be stuff to discuss in 5 weeks.

[ged5] 09/11/2017 21:23

Just over two weeks ago it was a beautiful sunny morning, so my wife and I set off on a bike ride from Bridlington to Flamborough Head. We arrived just in time for lunch at the Lighthouse. Our crab sandwiches were presented just before 2:30. They were very tasty, almost as good as the ones served in the cafe in the dunes at West Bay some two years ago. Everything seemed good in the world!

It was only when we arrived back at the house we had rented, that we received the good news. Yes my wife and her siblings had received an offer for a house only put on the market 2 days earlier. All seemed rosy!

It was the next day before I read a placing had been announced at 5.25p. So much for 4.5p heralded by some. I'm sure many of us were relieved. Yes life was good!

But what now? Maybe a little mess up! Limbo until 21st November? Maybe news aplenty in the coming days/weeks.

5.25 to buy at the start of the year 5.25 to buy now. No movement in share price But how much work has been done on all 3 projects?

[broncowarrior] 27/10/2017 12:11

See that SAV was mentioned in the NY Times re lithium.

[inbrackets] 25/10/2017 20:21

BW, hi. I was glad to see this done as it can only but confirm that buyers are going to have to pay to buy shares in the market. Don't see any overhanging shares here. Not really bothered by the warrants either - a future source of funds if needed and don't forget that it's not that long since you could buy the shares at under 2p. They could have bought 3x the amount and been sitting on a profit.

[soulsauce] 25/10/2017 16:29

Thanks Bronco

[broncowarrior] 25/10/2017 16:27

Yep, moaning at Beaufort seems ill placed (to pardon the pun!)

[soulsauce] 25/10/2017 16:01

Great placing price. Did Beaufort sort this?

[edgein] 25/10/2017 15:24

Ged,

Yes the lithium is likely to be bigger and more valuable than the Omani asset as it gets fully explored. But the Omani asset isn't to be sniffed at given that its currently 1.7m tn at 2.2% copper, I make that around 82m lb of copper in place and it has the potential to be over 10Mt, so likely worth many times the modest cap here in time. Obviously got the Omani chap interested. Personally I bought these for the lith and copper and now they're well funded to steam ahead with both. Not really looked at the mineral sand asset except for the fact that it looks huge.

Regards,
Ed.

[paleje] 25/10/2017 15:04

Yep surprisingly decent placing I thought we'd get stiffed but no, so well done although probably a few sellers happy to make a quick profit and wait for the warrants.

[edgein] 25/10/2017 14:43

Well that was a lot less painful than expected! No discount to the current share price and that Omani fellow has snapped up 5% of the company for an absolute pittance. He's a smooth operator, If I'm ever in Oman I'll tip my hat to him.

Regards,
Ed.

[hiddendepths] 25/10/2017 14:28

Bingo! Placing done and dusted. 5.25p a decent price but the warrant to subscribe for more at 6p in the next 3 years must have made the placing easy!

[seagullsslimjim] 18/10/2017 17:30

unfortunately House broker notes are never taken seriously and I don't think I've ever seen a target price achieved.

Too much bias towards the Company that pays them and maybe the placing is sooner now rather than later this year?

[broncowarrior] 18/10/2017 08:55

Good to see a proper broker report and the target price is risked, unrisked would probably be 30-40p.

[dropside] 17/10/2017 19:10

Nice to see Mutamba in today's Rio Tinto Q3 update, on page 8 of the pdf, listed not as a Greenfield Programme or an Advanced Project but as an Evaluation Project.

[inbrackets] 17/10/2017 12:43

Ged, hi. About the same amount bought the day before that though.Good presention, and a cleaner more direct tone I thought. A lot of good quality news points to come over the next few months and hopefully the results they will have to show, will be interesting and positive.

[ged5] 17/10/2017 11:09

I presume everybody has seen the new presentation on the homepage of the website.

Noticed about a million dumped yesterday in reasonable sized chunks.

It's a time to be patient I guess.

[ged5] 16/10/2017 17:28

Don't you just love broker reports! ;)

They do a heavy mineral sands peer comparison yet only attribute 10% of Mutamba to SAV!

And how do you give a value to Portugal?

[paleje] 16/10/2017 09:28

Novotel Thursday presumably to oil the wheels for the placing. Watch for Beaufort flippers forward selling into any near term rise. The fun of AIM.

[broncowarrior] 11/10/2017 14:59

They had nearly 2mm left in the last report.

Now that the price has been impacted they should just get on with it.