Savannah Resources Share Discussion Threads

[fqr714bhp] 29/8/2019 09:58

I know for a fact that RBS/Nat West could not lend an apple????

No bail out this time round. LOL!!!!!

[fqr714bhp] 29/8/2019 09:55

ALL LIES.
=========

[broncowarrior] 29/8/2019 09:52

Blimey. Banks have no money? Hahahaha. Pretty simple, if 100mm of loans with an outlook of a billion of revenue then that is a good credit risk and they lend.On Moz, do you not think Rio has access to finance? Chill Winston.

[biopop] 29/8/2019 09:22

so you don't think the outlook is good?

[fqr714bhp] 29/8/2019 09:07

Mozambique is a total dead duck. SAV might just as well give that away for £1 to Rio Tinto

Mozambique will never be bought in to production.
Oman will also be never bought in to production.
Portugal will also never be bought in to production.

for the simple reason, NO FINANCE WILL EVER BE GIVEN FOR ANY OF THEM.
The banks have NO MONEY to lend.

Only stupid share holders who keep taking up the cash calls.
Next time , NO ONE WILL UNDERWRITE THE NEXT CASH CALL.

The notice above SAV now says " RIP "

[fqr714bhp] 29/8/2019 09:00

Yes but sadly it is us STUPID share holders, who vote them back in at the AGM???????????

You have to remember, that DA and his co workers are only interested in one thing?

EASY YEAR ON YEAR FAT WAGES, PAID FOR BY US, " JOE PUBLIC SHAREHOLDERS " As SAV has NO INCOME from any productions.

Like i said before, the best thing DA can do is to sell the whole lot after the DFS report and then perhaps we might see a return of 10p

[biopop] 29/8/2019 08:53

think i've heard the good newsflow line from DA several times over the last few years. maybe it will actually happen one day.

[fqr714bhp] 29/8/2019 08:31

The chart looks like a double black run ski slope???? only fit for the stupid.

[fqr714bhp] 29/8/2019 08:29

Highly Geared.

The Oman Mining license was granted this month, they just have to pay the fees for that.

See the RNS 08/08/2019 relating to that.

[highly geared] 29/8/2019 08:15

Yes, I’m c £20k down on my investment which is sizeable for me. I suspect major shareholders have been de-risking portfolios for some time and selling down what are perceived as high risk investments which SAV is one.

Looking at SAV , unfortunately and often for reasons outside the companies control, it hasn’t delivered a single share value enhancing milestone.

Oman has been an unmitigated disaster (that was my main reason for investing). If the mine licences ever get granted, they’re c.3 years late on original timescales.

The Portugal Lithium has been a saviour, in part, and the pace of resource drilling impressive but we were promised DFS Q1 2019 and that has now ‘moved out’ by c 1 year for ‘project economics ‘ reasons.

Mozambique, next decade , next century....?

The issue with the market’s is timing is everything. We’ve missed the boat for now on copper, Lithium hopefully but our track record... write off Moz re: pace of progress.

Major investors are thinking, market crash around the corner, sell down risky stocks.

So , just when SAV will need to raise major equity to fund Portugal, the share price is likely to be at new lows and we potentially see horrendous dilution. Seen it so many times on AIM.

Archer has a serious shareholding and put in £500k of his own cash years back so his and our interests are aligned. But, it’s all about financing projects and the constant delays have taken us to exactly the wrong point in the market cycle.

I sincerely hope to be proved wrong as I’d like to recover my money but I’m not optimistic.

[fqr714bhp] 29/8/2019 08:07

OH LOOK WE ARE DOWN 3.1% ON TWO BUYS TODAY.

LOOKS LIKE ANOTHER 1 MILLION BEEN DUMPED IN THE SYSTEM TODAY.

[fqr714bhp] 28/8/2019 12:43

The only thing that has lost the plot here is the Share Price.


Take a look at KDNC consolidation of 100:1 coming up soon there.

Then they can milk it with some more shares all the way down from 9.50p to 0.095p

By then back to another 8 billion shares.

LOL, you just can't make this stuff up.

Bunch of CROOKS.

GOOD old AIM.
============

[seagullsslimjim] 28/8/2019 12:28

Didn't he say that about Oman and Moz too ? :-)

[broncowarrior] 28/8/2019 12:22

FQR has lost the plot further. Not about his wages, he expects this project to be a big success which will make him 10s of millions in share value.

[fqr714bhp] 28/8/2019 11:51

DA is only interested in his FAT easy wages.

Like all other company director's

I think it is called, " milk it for all you can get "

LOL.

[paleje] 28/8/2019 10:48

David definitely said EIA completion Q3 in a podcast end of June Ged, so you're right suggests more slippage.



But maybe Barros got it wrong, language, maybe he was thinking DFS by end of year which is what DA has said more than once.

However I noted Barros saying we could be mining by late 2020...is that possible when we haven't got finance in place yet and that will surely be dependent on the DFS.

DA did indeed promise a lot of good newsflow to come in the weeks and months ahead.

[ged5] 28/8/2019 09:54

Thanks for posting that article (post 2136), Deacon. It's never good when there are protesters about but there has been a mine there (ceramics) for many years.

The thing I didn't like was:-

"João Barros, manager of Savannah Lithium Portugal, the local unit, said that at present the Environmental Impact Study (EIA) of the project is underway, and should be completed by the end of the year."

I thought DA in a recent interview said the EIA would be completed in the 3rd quarter. Do we have yet another delay?

Looking at the 5 year chart 1.5p-2p looks likely so should we all have a spreadbet?

Alternatively a bounce back up to 4.5p-5p looks on the cards. I don't remember it ever looking this oversold.

Didn't DA tell us we'd have a news filled environment over the coming months? (8th August interview)

[seagullsslimjim] 27/8/2019 20:13

Well there'll be a level where value is seen for some.

£30m market cap is circa 2.8p with now over a billion shares in issue.

Guess the idea of David Archer grinning crockery sets hasn't inspired the sellers.

[fqr714bhp] 27/8/2019 15:16

OH look more share dumping going on today, ALL AT A NICE BIG FAT LOSS!!!!!

You just can't make this stuff up.

[paleje] 27/8/2019 13:49

It's already being worked on seagull, 5x current battery life with 700 mile range and 15 min charge time. Still using lithium.

www.digitaltrends.com/cool-tech/xnrgi-develops-ev-battery-tech-that-extends-range-to-700-miles/

All being well they reckon available by 2023.

My concern is if it's so good and really does extend life by 5x we won't need so much lithium after a certain point probably the late 20's, then again if it makes EV so good everybody will be persuaded so the numbers of users will be grow much faster than currently expected.

[seagullsslimjim] 27/8/2019 12:39

Though you have to factor in what new technology will turn up too.

Lithium maybe the current number 1 choice, but until they can get car battery life past just 8-10 years then other forms of re-usable energy will always be a threat

The current trickle of sales continues and at £35m mc, then one wonders where and when the rot will end?