Savannah Resources Share Discussion Threads

[broncowarrior] 16/9/2019 22:11

The board's current options are all shagged if that makes people feel better.2p?!

[broncowarrior] 16/9/2019 22:00

Was busy today and missed this news - wish I hadn't seen it! 2p?!

[mattjos] 16/9/2019 19:37

I don't see how they can get this project to fruition on only £6.m cash in hand.Three more years to scheduled production & the small matter of over $100m capital required for the mine.They will have to horse trade the Mozambique & Oman assets because they have zero chance of getting either of those projects going.They are, in effect, squatting on the Mozambique & Oman assets in the hope of gaining licences and thereby achieving better sales price for them.If they can't flog these two assets then, they will be back to the equity markets for further cash raise within the next 12 months, imo.+ there is simply no clarity that there will be 'multi-decade' demand for Lithium from the EV market .... will BEV or HEV emerge as the dominant fuel source in the electrification of transport?Already 1.2Bn shares in issue. In-investible at this juncture.

[barriew] 16/9/2019 19:09

They seem to keep making finds or buying more land but never actually sell anything.
It’s very similar to stratmin mining, that got sold out on the cheap.

[paleje] 16/9/2019 15:46

After raise they say we've got 6.8m in bank ...so 1.8m before the raise.
We had 7.7m as at Dec 2018 so we've burned 5.9m in 8 months. If we carry on at that rate we'll need more by early summer 2020.

Time is money and the macro outlook for EVs is slower than hoped for all round and particularly worrying is China's part because demand there has tanked. We need some proper third party input but I can't see it coming any time soon, I hope I'm wrong.

I sold a chunk this Spring in favour of Bacanora, I wish with hindsight I'd done the lot but Bac isn't quite plain sailing either and hindsight is never available when we need it:(

[themightyali] 16/9/2019 15:30

I would but I just recently bought more at 3.3 last week, f...ing B.....ds!

[yidarmytom] 16/9/2019 15:30

more dilution, more Shareholder value wiped out, this will continue down to nothing
Tom W
Clerkenwell, London EC4

[ukgeorge] 16/9/2019 15:09

Sad thing is the only way to make any money is to be buying down here.

[paleje] 16/9/2019 13:47

The thing that got me, apart from the size of the discount, was and is the way some things are snuck in and sometimes important points skated over. The last time the FS was delayed it was done on the pretext of needing more time to embellish the figures with updated info but this time it's just mentioned half way down the script no reason given.

I would rather hear an honest assessment as things go along, if things are running late say they're running late and the reasons for it. I'm sure the share price would suffer less if more transparency was employed rather that leaving it to holders to guess...because they will always guess the worst, especially when distrust sets in which I think has happened here now and understandably so.

[jotoha2] 16/9/2019 09:21

Am sure the major holders had no option but to continue funding this lot , now what they should be doing is clearing out the BOD and bring in some proper skills who can turn this mess around , frankly looking at the present BOD , they have screwed everybody big time.

[ged5] 16/9/2019 09:21

jotoha, that sounds too positive for me just yet. Please show some restraint.

[ged5] 16/9/2019 09:19

I've noticed 3 trades so far are the Non Protected Portfolio, single protected transaction.

Never really understood what this means but probably some sort of shenanigans at our expense!

[jotoha2] 16/9/2019 09:16

6p is now a nice target , can Archer and his non achievers come up to speed.

[biopop] 16/9/2019 09:02

nice price for the major shareholders but appalling for us. the "lol subscription" - couldn't they have come up with something better than that

[highly geared] 16/9/2019 08:23

Unmitigated disaster for us private shareholders with c 20% dilution and DFS running over a year late from original timescales. Now one for the bottom drawer. Archer has presided over an 80% decimation of the share price whilst not delivering a single milestone on time in over 5 years. Feels almost like an RIP moment....

[fqr714bhp] 16/9/2019 08:15

Now you know why all the dumping of shares has been going on over the past 3-6 months.

This was all planned ages ago.

Talk about insider information, this stinks of corruption and should be investigated.

Nothing short of criminal.

LOL!!!

[paleje] 16/9/2019 07:42

My reaction too, and another setback to Q2 2020 for the DFS.

[the deacon] 16/9/2019 07:31

Frankly, that's disgusting

[soulsauce] 16/9/2019 07:25

Ouch. 2p a bit of a kick in the gonads.

[greatfull dead] 13/9/2019 11:41

Very reassuring interview Proactive interview with David Archer on Moz and Portugal.

GLA,
GD