Savannah Resources Share Discussion Threads

[ukgeorge] 26/6/2018 12:16

The share price has doubled in little over a month, a retrace is to be expected.

[themightyali] 26/6/2018 12:11

Can’t understand why it’s being sold so heavily when there’s good news about Oman beginning re-mining of copper. Surely it’s s matter of time now for our license. Or are am I missing something.

[ged5] 26/6/2018 10:17

Thanks George! Please report back!

[ukgeorge] 26/6/2018 10:13

On the front of presentations Savannah are presenting in London at a mining journal event tomorrow, which I'm attending. Some of their team are also over in Las Vegas at the Lithium conference.

[highly geared] 22/6/2018 16:36

Strong late afternoon buying , good finish. Hopefully can push up to 15-16p range ahead of Oman ML then toward 20-25p to reflect fair value.

[ukgeorge] 22/6/2018 12:39

Is this the start of the next move up? I hope so and just added 40k at 12.75p come on Savannah

[highly geared] 22/6/2018 11:36

Agree Hugo.
I have this pencilled in for 50-60p by this time next year based on a 10ktpa copper mine starter operation in Oman and a BFS with finance for Portugal with mine start 6-9 months off.
I’m discounting Mozambique for now but that will be huge if SAV fund their option to take up to 51%.

[inbrackets] 22/6/2018 11:32

Da finishes his Benchmark presentation in about 10 mins. Will there be a buying rush?

[hugothesecond] 22/6/2018 11:07

yet again someone is buying in volume at 12p - this is creating a new base level. Good for the medium term for all holders.

[reba] 22/6/2018 07:48

Betty’s in Ilkley. 9 miles from Harrogate worth a visit. also your tour round the Yorkshire dales well recommended

[ball deap] 21/6/2018 22:56

I had a danish at Betty’s. Wow , it was the most delicious pastry snack I have had near my tongue. Now I can tell you how much that pasty product impressed me, I went back the following day and bought 5 , yes 5 on the way back from a meet I had on Grinder.

[yorkie14] 21/6/2018 21:18

No Ged, down the road from me but a lovely place. Be sure to take tea at Betty's and Knaresborough definitely worth a visit which is a couple of miles away. Enjoy!

[ged5] 21/6/2018 09:58

bronco, HG,

From Alara's announcement 1st June:-

"Formal presentation of the mining licence is expected later in June."

I wouldn't expect ML award before Alara's formal presentation although it could be at the same time! Two things at once in Oman? Perhaps not!

I'm expecting an update from Mutamba and drilling results from Grandao deep. You forgot about that one, Edgein!

In Harrogate this weekend, yorkie. Anywhere near you?

[hugothesecond] 20/6/2018 12:12

No large buy trades so far today - maybe reported later on - steady stream of 200k purchases over the last few days.

[highly geared] 20/6/2018 12:00

I keep looking at the metrics below for Portugal, the low Capex and what a likely 50% increase on resource will do for the numbers.

And this is just one of 3 similar value assets we have...

KEY FINDINGS OF SCOPING STUDY (ON 100% PROJECT
BASIS)

* Confirms that Mina do Barroso has the potential to be
a major European producer of spodumene lithium


* Demonstrates robust project economics with the
potential to deliver substantial shareholder value


* Project considered to be of low technical risk with
open pit mining and conventional processing combining
Dense Media Separation ('DMS') and flotation circuit
to produce a spodumene concentrate for export sale


* Excellent base case pre-tax NPV(8) of US$356m and IRR
of 63%


* Strong outcomes based on a Mining inventory of
14.42Mt at 1.07% Li O and average annual run-of-mine
production of 1.3Mtpa, over 11 years


* Average annual production of 175,000tpa of spodumene
concentrate at 6% Li O


* Life of Mine ('LOM') EBITDA of US$805m with payback
period of 1.7 years


* Average EBITDA of US$72m per annum


* LOM revenue of US$1,555m


* Strip ratio of 1.6:1 (waste to ore) for first four
years, 5.2:1 for LOM


* Average LOM C1 Cash Operating Cost of US$271 per
tonne of concentrate (CIF China)


* Initial CAPEX of US$109m (including feldspar and
quartz circuit, and excluding contingencies)


* Solid basis to fast track the Project towards a
Feasibility Study


* Fast tracked development could see the Project
producing concentrate in Q1 2020

[broncowarrior] 20/6/2018 10:23

Yep, licence before the Middle East weekend would be nice.

[highly geared] 20/6/2018 09:22

Looks like the start of the next leg up; 22-25p fair value with the Oman ML, in my opinion.

[ball deap] 19/6/2018 15:29

U want pockets filled with gold many many time over?. I promise you gold many time, u must buy sav I told u do not sell. Many many buy.

[hugothesecond] 19/6/2018 11:35

All the big sells are being mopped up - news on the way? I called it wrong yesterday.

[edgein] 19/6/2018 10:28

HG,

I would guess so now that all permissions for those permits were in. We may get some assay results first though. According to the previous interview they're planning to drill until about the end of the year, and there's lots more results pending now. Also we may get an update regarding how the bulk sample/metallurgy work is going as we head for the PFS/DFS for Portugal.

Regards,
Ed.

[broncowarrior] 19/6/2018 09:35

Has to be - and then plans on finance and timing should give this another shift forwards.

[highly geared] 19/6/2018 08:58

Oman ML has to be any day now, surely?

[edgein] 19/6/2018 08:36

Well that's another £160k in the kitty from the conversion of those warrants and options. I guess it'll not be too long until we get a few more assays as they build on this 14Mt reserves position. I guess it'll be mainly results from Grandao and Grandao extended. :)

Regards,
Ed.

[broncowarrior] 18/6/2018 16:32

Good recovery this afternoon.