Savannah Resources Share Discussion Threads

[broncowarrior] 07/2/2018 14:05

Just watched that pro active interview for the first time, very exciting stuff. DA is going to be a very wealthy man when this is over and hopefully so will we!

[gymratt] 07/2/2018 13:20

Thanks Ed,

After listening to the CEO presentation I've taken some more @ 6.3p :@)

Sit tight and let the story unfold now...

[edgein] 07/2/2018 12:49

Gym,

Nice timing fella, well done on getting some cheapuns. As Bronco suggests plenty of news due this year on all projects. Oman permits could come at any time and perhaps then they'll give us an indication of how this low cost shallow very respectable grade project will be funded. I guess perhaps Omani debt financing, given shallow grades at 2%+ and the current copper price looks like a cash cow. As Bronco suggests lots more assays due from Portugal, we just got a taste of those so far. Then what is the sleeping giant, feasibility for Moz and trial mining ongoing from the small processing plant, results from that one could be a game changer.

GD well you may have a little time yet, JORC for Grandao could still be a couple of weeks off yet, depends on how much of the ongoing drilling they want to incorporate, I guess you'll be hoping for late Q1.

Regards,
Ed.

[greatfull dead] 07/2/2018 11:21

Can we just hold the share price back until I get more funds PLEASE!

GLA,
GD

[ged5] 07/2/2018 11:08

So Jim, a 23% rise from offer to bid on the first trading day (which happens to be in January) of consecutive years is in your book 0%. Strange maths!

But yes for the LTH we need to go up from this 4.5-7p range.

[ged5] 07/2/2018 10:44

Welcome Gymratt. Let's hope you got your timing right.

It's also frustrating when you're expecting news about Oman and Portugal to get an RNS about historic options being exercised just before they're about to lapse.

[gymratt] 07/2/2018 10:39

Cheers BW.

[broncowarrior] 07/2/2018 10:32

Welcome Gym.

Oman is taking a bit too long, have to agree there. Can't see production middle of this year but think the lithium news will more than make up for it.

[gymratt] 07/2/2018 10:11

Just bought my first chunk here. Great potential looking at the above projects coming close to fruition...
GLA ;@)

[highly geared] 06/2/2018 17:55

Oman is becoming tedious; with defacto govt representatives on our BOD, this should have received full permitting 3 months agp.

[seagullsslimjim] 06/2/2018 15:58

Well when i say started the year at 6p'ish then that was in reference to January to January rather than a more specific, first trading day of the year.

From the long term chart above its actually been sideways trending for nearer 15 months.

[ged5] 06/2/2018 10:26

seagullsslimjim,

Thanks for your post which apart from the MM conspiracy theory raises some good points.

You could well be correct about Oman but equally so if the licence is granted this month or next, mining could start early summer. Since nobody seems to know, I think it's prudent to go with your line of thinking but in the hope of a possible nice surprise.

Moz will be the last to be producing but SAV should increase its ownership by 15% next quarter.

It has been mentioned that Martin Potts (respected analyst at Finncap) was highly impressed walking on the Lithium in Portugal and could hardly believe what he was seeing at Reigoso. Now why do think Martin Steinbild took on his new role?

You are correct there is nothing in the public domain about how they will be able to finance Oman but the company seem confident that they will do so.

A minor point. You have made a comment about good factual posts but go on to say :-

"After ending the year at 6p'ish and where we started it too, then hopefully a good rise this year can make up for the 0% last year."

We did in fact rise 23.81% in the year last year.

[seagullsslimjim] 06/2/2018 07:31

Or just get caught up in the general sh~t storm (market makers will make hay wherever they can find it).

Could see a dip into the 5's - albeit for a short period and SAV is currently living off RNS to RNS until any Oman production later this year. Still have that factored in for Septmeber onwards so am excpectiong a 'delay' RNS sometime in the Spring

Not sure on Moz timelines and for me the lithium play in Portugal shows promise, but feel its being seen as crown jewels for SAV on the 'other' board by the inner circle.

Personally i have a diluted 9 or 10p pencilled in for the year end as there is no clear path at present as to how we are going to raise money for further progress and how much dilution shares wise will take place.

[broncowarrior] 06/2/2018 06:31

Global market sell off happening. Stocks like this can buck the trend as news driven thank goodness.

[edgein] 05/2/2018 15:05

Bronco,

I guess they'll be adding some of the ongoing drilling assays into the Grandao JORC as they go including the massive width they encountered before Christmas. I'm expecting it to come in with a maiden resource much larger than reservatorio. As the CEO suggested these will be added to throughout this year.

Regards,
Ed.

[broncowarrior] 03/2/2018 08:31

Hopefully some news next week, unless they are going to wait a bit and give us the daddy of all lithium deposits...

[ged5] 01/2/2018 13:10

February is here already and there are signs of life!

[greatfull dead] 30/1/2018 12:06

Ged,

Much appreciated. Also thank you for the link.

ATB,
GD

[ged5] 28/1/2018 11:25

Edgein, I agree with you that Oman could surprise to the upside. To what extent I suspect will not become clear until we are granted a mining licence.

Meanwhile our newly appointed Director, Lithium Business Development seems to be accumulating patents for Lithium recycling. He's obviously aware of the potential Lithium shortfall in coming years. Having been with Albemarle he should be a very useful person to have in this role.



A belated welcome GD. I hope you become very rich from your investment.

[greatfull dead] 25/1/2018 10:33

I am in now all be it in a small way. Just the start for me though. I will add when I have more funds available.

GLA,
GD

[edgein] 25/1/2018 09:58

Ged,

Its much more exciting than that now though given the recent moves in gold, zinc and silver prices too!

"Exploration Target of between 10,700,000t and 29,250,000t grading at between 1.4%/t and 2.4%/t copper with additional gold credits.

Aarja – drill results: 9m at 4.86% copper, 1.54% zinc, 1.3g/t gold and 37.3g/t silver, including 6m at 7.01% copper, 2.20% zinc, 1.9g/t gold and 53.8g/t silver from 103m, from the Dog’s Bone area"

Definitely some exciting potential from Oman for sure, if they can get that producing from mid year as anticipated it'll fund further expo in both Oman and Portugal. This is set to be a very good year for SAV, if they somehow fast-track development in Portugal through JV it could be a very very good year indeed. Mining licence in place would help attract partners/financing.

Regards,
Ed.

[ged5] 25/1/2018 09:20

Oman also features in this RNS. Before my time in SAV but here is the announcement referred to:-

[ged5] 25/1/2018 08:33

"Mr. Steinbild's role is a newly created, non-board appointment. Mr Steinbild will provide strategic, commercial and technological insights of the lithium value chain to Savannah as it develops its Mina do Barroso Lithium project."

This company means business in the Lithium world.

Options at almost 8p well priced.

Grandao update soon.

[paleje] 25/1/2018 08:03

Absolutely Bronco, DA on the ball, 'hoping to be first significant lithium producer in Europe' which would put them ahead of EMH in spite of starting out a lot later. Martin's input at this point very timely. Shaping up nicely I'd say.