Savannah Resources Share Discussion Threads

[ukgeorge] 08/9/2020 10:42

Rights Issue at 1.8p. I guess that we can be relieved that it isn't at a deep discount similar to last time.

[jotoha2] 08/9/2020 09:05

Archer has to many shares to be forced out , clearly he is none achiever at every level , amazed the major holders are sitting there and dreaming it will all come good.

[highly geared] 07/9/2020 21:24

Briefly skimming the last 6-7 years of RNS, whilst it’s difficult to get an exact figure, by reasonable interpretation, Archer spent c. £10 million of shareholders funds ( dilution ).

Oman , also ongoing for over 6 years; what has it achieved in terms of shareholder value.

Finally, MdB , north of £13 million in shareholder funds ( significant dilution ). 18 months and counting , beyond the originally mooted BFS publication. The EIA and MP were submitted in spring; if we don’t see permits granted and the BFS and finance structure confirmed in the next 6 months , then Archer needs to be fired and a new CEO appointed who can deliver shareholder value.

[1teemore] 07/9/2020 20:34

We all love democracy but 'not in my back yard' exists in Portugal just like all other European countries. Free decisions is fine, we all like that but are you prepared to do without your phone/ television/ fridge/dishwasher / etc. None of these items would be available without mining. Surely you appreciate that you can only mine an element where it is found! Farmers, beef farmers included generate jobs which receive large grants from Europe. Where does all that money come from? Now I do not pretend to know the number of jobs involved, if it is low grade as you say then their will have to be significant separations processes involved which can be labour intensive.

[themightyali] 07/9/2020 18:47

Your like a dog with a bone, aren’t you Lima, keep trying to persuade investors to stay away from Sav, hoping to starve the company out of existence. It’s such a shame that some people cannot see the potential for their country, the life line that would open up any country let alone a country like Portugal to be front stage in the European EV project. But no, the locals would prefer all of Portugal to suffer just so they can have Barroso free of mining. Tell me where does the lithium for the crockery in you country come from? Yes that’s right a mine!

[1teemore] 07/9/2020 17:43

There is considerable opposition to all mining projects. 'not in my back yard' persists everywhere, but good projects eventually get over the line with good environmental control. It usually takes considerable time for some folk to see the benefit and it is always easier to be negative/against development.

[nowenterprise] 06/9/2020 16:31

New to SAV, excuse noobish question, still researching:

Does anyone here have a good handle on exactly what the local protesters' grievances are specifically regarding the proposed mine (DO Barroso); is it mainly a 'not in my back yard' issue, or will there likely be CPOs and displacements or other disruptions etc. Is there a finger on the pulse about how much risk there is from local objection to the project?

[broncowarrior] 05/9/2020 09:17

Completely missed the Oman news and it didn't really move the price. Don't we have large Omani shareholders? Wonder what they will think of it.

[greatfull dead] 04/9/2020 16:22

inbrackets,

Your correct.

I would think after Brexit if SAV had not set up a company in an EU country such as the Netherlands or even better Eire then the BOD don't deserve to run the company. The question just crossed my mind.

ATB,
GD

[inbrackets] 04/9/2020 13:04

No doubt there will be companies that are set up within the Eu and Portugal that SAV own. As a pointer, if you look at the current offload of the Oman operation it is a .BV company so presumably a Dutch holding co. Nederlands are good competition for Eire in their generosity.

[greatfull dead] 04/9/2020 12:24

Question.

As the UK is no longer a member of the EU and entered a transition period until the end of the year, with all the rules, regulations and budget payments staying the same.
If and its highly unlikely the EU and the UK agree to all the term stated by both sides on the UK leaving the EU totally. Are SAV as a registered UK company entitled to European funding for development.

GLA,
GD

[ged5] 04/9/2020 11:57

Thanks for the link, Alexandre.

Portugal from about 11:30.

[alexandre martins c de lima] 04/9/2020 11:19

SAV MdB mentioned in yesterdays EC press conference on lithium as a critical mineral for EU, from 11:10 on

[jotoha2] 04/9/2020 09:18

What is the role of a CEO running a modest company , is it to screw the company (shareholders) by achieving nothing in 12 years and lining his pocket ,salary of £300K plus and still share price sits near historical lows , he may hold many shares but he has his head in the trough .

[inbrackets] 03/9/2020 20:38

Someone with their thinking cap on, Je pense.It's the development co for the Oman project that we never quite got to due the inefficiencies in the local loop and the more urgent need to carve it out and away from the MDB project at this point. Let's hope they thrive.

[jotoha2] 03/9/2020 17:15

So today we have net sales of £30k and the share price is marked down 9% , tells you what the mm think of this stock .Of course Archer giving away assets and still having to wait forever for a £3.5 million loan says it all.

[jotoha2] 03/9/2020 17:06

Some are clearly not impressed with DA actions this week ,come on Archer get yourself into gear and start to earn your rather over inflated salary , lets have some positive news for a change.

[edgein] 02/9/2020 08:39

Ged,

The royalty money is small beer. The value of this transaction isn't that, its holding the shares in Force once they re-list. Clearly DA intends to hold those as he has said so in the RNS. Hence my comments yesterday about the upside unknown as that depends on how well Force do on its recent acquisitions. If for example Force develop Oman and SAV still hold all those shares then happy days its probably a very lucrative move as SAV no longer need to fund development of Oman. Force are in the process of acquiring other assets too. So it'll depend on their future dilution etc, too hard to predict at the moment. Was the market valuing in Oman and Moz, nope.

What's happening in Moz? Well after the mining licences have been granted I would like to think that DA is moving towards DFS/funding.

The core asset here for the last couple of years is MdB. DA has to demonstrate that he's on the ball with that with European funding for development. With all this EV battery chain money washing around its time for DA to secure some of that after he gets the DFS out. What's been taking so long to get the MdB DFS out is anyone's guess, its a simple open cast operation after all. But we just have to be patient, even though its Portugal we seem to be on Africa time on this one for now.

Jot,

The money has already been spent on Oman so the hit as you put it has already been taken ages ago. No drilling done there in a long time, it was all licence applications and ministerial permissions and a long running asset review (which typically means sell it). It therefore all depends on how well Force do going forward, it may be a lucrative way of forcing the market to value Oman on top of MdB which it wasn't doing at this current cap. How lucrative the deal will be depends entire on how successful Force will be on all its assets and how long DA holds those 50m shares for SAV.

Regards,
Ed.

[jotoha2] 02/9/2020 08:10

Hi ged , I was referring to the Oman figures , ie the up front cost to buy the asset and now the selling of those assets , are we taking a hit financially ?

[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?