Savannah Resources Share Discussion Threads

[ged5] 02/9/2020 07:39

Good Morning Jotoha.

Which figures are you referring to?

The figure I put in post 2941 was slightly inaccurate and is now amended. It should be 310K not 314K.

30.9K pension 4472 other.

Ferguson gets £149652

Page 71 of the Annual Report.

[jotoha2] 02/9/2020 07:21

GED, is DA really on such a lucrative deal , should really be based on share price performance , but like many greedy little piggies that is not very tasty.

[jotoha2] 01/9/2020 18:12

Exactly , have we lost money in the short / long term , have you the figures Ged ?

[highly geared] 01/9/2020 13:49

The market tells you what it thinks about Oman. How much was spent on Oman?

[ged5] 01/9/2020 13:19

I bought SAV when they had a very simple plan. Bring Oman to production in order to have cash for the development of Mozambique.

For whatever reason that plan has long gone. I'm not really sure what to make of this announcement. 1% of 65% plus 1% of 51% doesn't seem much to me. And that's if it ever gets to production. And to a suspended company!

What is happening in Moz?
What is happening in Portugal?

Not a lot from what I can see. Well at least until next spring.

I still think Archer should forego his £310K + pension payments until they actually produce something.

[edgein] 01/9/2020 08:34

Not totally unexpected news today as Oman has seemed non-core since this review began. I was hoping for the DFS, but alas not yet. This new Force company when it re-lists will be an unknown entity hopefully its in the process of picking up additional quality assets. Sounds like DA wants to hold them long term. Hopefully he'll get himself sorted out with some European funding for MdB soon after the DFS materialises.

Regards,
Ed.

[ged5] 24/8/2020 12:29

Well at least you bought with your eyes open.

The 3.5M out of the way now and didn't seem to affect the share price too much.

[ukgeorge] 23/8/2020 22:22

Well he has 41.7M reasons to try and get the share price higher....The big picture and why I've bought a few more recently is the whole movement to green added into the mix the money printing, subsidies and desire to have secure European supplies.But on the other side, I'm mindful of the glacial progress and threat of another rights issue......

[jotoha2] 23/8/2020 18:16

I would imagine that 95% of PI would bite your hand of for 10.5 p question is has DA the ability to get it there ?

[pugugly] 23/8/2020 17:56

Interesting that FinnCap have reduced their target price from 15p on 18 Nov19 to 10.5p on latest note - Could that be behind the recent 3.5m dump? -

[inbrackets] 23/8/2020 14:46

Here's hoping that tomorrow doesn't start with another 3.5m sell that closed off reporting last week.

[ukgeorge] 21/8/2020 09:47

I just bought to lots of 100k @ 2.085p roll on some news

[ged5] 18/8/2020 14:32

Nice! Some buying today and a bit of movement.

[edgein] 12/8/2020 12:45

Just noticed the RNS about the presentation on investegate site (Shares spotlight Webinar) as it didn't show on my advfn monitor for some reason. At least DA is getting the word out.

Guys don't forget the DFS, it should be well advanced now, it was due Q2 2020 before the virus struck so a bit delayed. But with the Met testwork largely done we should also be closing in on an offtake, perhaps European funding etc. But I'm still expecting to see the DFS for MdB before the end of the year, the virus shouldn't have delayed it any more than 6 months and that USA lab should be able to conclude the last stage of the Met testwork too.

Regards,
Ed.

[ged5] 11/8/2020 13:20

Thanks IB.

When I say I can't find it I mean I can't be bothered moving from in front of the fan. It's very hot here today. Bad night sleeping. I've never seen a storm like it. Constant lightening and rumbles of thunder. When it returned in the early hours it announced itself with an almighty sound and the whole house was lit up. Amazing stuff.

As for SAV I can't really see much a big change in the share price until first quarter publication of the EIA unless of course.....

[inbrackets] 11/8/2020 13:02

Ged, don't bust a gut. Their view of fair value 10.5p currently. Nothing else that you haven't probably read elsewhere. I did note that they implied cash (and presumably cash equivalent) at £3.5m though hat strikes me as perhaps a little optimistic.Not sure if in house broker notes are read let alone relied on and looking at the immediate, albeit limited, response it would seem that it's viewed as a non-RNS as real ones that actually give some proper news are expected.

[ged5] 11/8/2020 12:51

Research note out. Link on the website.

I can't find my username and password at the moment so haven't yet read it:-



OR straight to the login:-

[jotoha2] 11/8/2020 11:11

Could of course be a pre cursor to raising some cash , come on DA get your act together and come up with some results to get this share price moving in the right direction , otherwise people will think you are just a gravy train driver.

[1teemore] 10/8/2020 22:12

An EIAR requires a decommissioning plan but a bit silly to include it the 16 years period. You never know how long decommissioning is going to take as it will partly depend on the digging/mining and waste. Now I am not concerned about the anti mining folk as they are everywhere (in all countries) that a mine is being proposed/developed. It is only when good jobs come on line that locals see the benefit although some folk like to be very green but also like to drive cars and live in houses with fridges/cookers etc. -materials that are all sourced from mining. I do agree with a good decommission plan.

[jotoha2] 06/8/2020 11:06

Maybe DA is finally getting close with some serious news , take of agreement/ discussions will do nicely .

[ged5] 06/8/2020 09:42

A long report so I guess everyone still reading it.

There seem to be so many benefits for the local population, Portugal and for Europe that's it's very difficult to reason that this project will not go ahead.

Didn't the share price start going down yesterday but recovered in the afternoon.

Not becoming leaky, surely?

[ged5] 05/8/2020 12:11

I think it's only fair to mention that I've had it confirmed that the 16 years mentioned in the film does include construction, commissioning, operation, decommissioning and rehabilitation.

[inbrackets] 04/8/2020 22:21

Read the article earlier. Bit of a plea for the West Midlands but he didn't seem to realise that there are quite a lot of giga factories already being built so 'winning' is perhaps optimistic.As far as SAV is concerned, any production has to be refined and currently not available in Europe let alone UK. Will that be 'delayed' to knit in with possible future European refining capacity as UK refining capacity is looking likely to be even later. Not sure that UK will be a target market for SAV raw material given the likely demand from EU Based battery manufacturers and OEMs, quite aside from any current or likely future EBA and EU funding support.If there is, suspect it would be a small portion.

[jotoha2] 04/8/2020 21:11

Interesting article in the Telegraph today , promoting a Giga factory complex in the UK , for Lithium Battery development , hope DA is in there pushing our material capabilities .

[inbrackets] 04/8/2020 16:44

Drilling? That costs so not sure that will be high priority at present.Start of and the subsequent progress of 80 day public consultation period is a key period, linked with any Portuguese moves to develop refining capacity with any EU backing.OEM and battery makers may make further moves to secure supplies. The wider macros may be of greater interest with greater impact on SAVs sp, they just need to have their heads down, completing the bits they have control over as best and as effectively as possible, making sure they are able to supply when it's needed.