Savannah Resources Share Discussion Threads

[ukgeorge] 12/1/2021 09:54

Yes I thought the valuation $6.4M for 10% a little low. I guess the argument is they also add value, so for arguments sake without Galp it is worth $50M with Galp it is worth $80M only fair both participate in the uplift.

Funny how they say $6.4M for the DFS. Seems to be never ending.

[sif12] 12/1/2021 09:46

I did think 6.4m seems cheap.. but I dont think it was really about the amount of cash... more about political weight and offtake as you said.

[ged5] 12/1/2021 09:41

At first I was very cynical about the language used in the RNS and thought Archer could use the potential for at least six/twelve/twenty four months of announcements before it's finally agreed.

Looking back to see when the off-take agreements were first being talked about I gave up looking because I came across the RNS about the LTIP which I'd forgotten about. Options for 10p. Not bad I thought. About double from here.

But an off-take is what we've been waiting for, so excellent news.

10% of Mina do Barroso being $6.4m gives a value of £47m to Portugal and £31m to Mozambique.

Two questions:-
Have they sold themselves short?
Isn't it about time Mutamba was developed?

Galp was mentioned earlier on the thread and most likely the reason for the recent rise.

Looks like plenty to look forward to.

[sif12] 12/1/2021 09:17

what about a potential take over....? not right now but post Feasibility, gove sign off.

[sif12] 12/1/2021 09:17

any of your more experienced on SAV, had a view that GALP would come on board?

[sif12] 12/1/2021 09:15

This seems like exactly what we need. A heavyweight, Portuguese company.

Cash injection nice.

but the value is in the political weight.

Just having them associated and given their credentials, you would think its about lining about a proposal which is easier for Porto local gov to sign off.

[broncowarrior] 12/1/2021 09:11

Ignore him. Anyone who says timberrrr is a saddo troll.

[1teemore] 12/1/2021 09:10

or is it a mug mugged!

[ukgeorge] 12/1/2021 09:09

I was contemplating a top up yesterday but was thinking it will slip back a little further.

:)

Great news

Justtrying1, what are you trying to achieve? If you are shorting this company you are going to get burnt :)

[broncowarrior] 12/1/2021 09:03

Investment is at the subsidiary MdeB level, not the SAV level, which is also good. Means it isn't a direct 10% stake in SAV itself, so the Moz mineral sands project is not impacted by this.

[pilkersa] 12/1/2021 08:58

Looks a really good deal. Taken a few....

[broncowarrior] 12/1/2021 08:50

A little troll person.

[broncowarrior] 12/1/2021 08:50

Oh no, we have a clown on here.

[jotoha2] 12/1/2021 08:45

Well done DA , good work indeed.

[justtrying1] 12/1/2021 08:28

Will be red soon Mms mugged a few

[justtrying1] 12/1/2021 08:20

Not enough ramping pf this share sell off now

[justtrying1] 12/1/2021 08:20

Dnt think so

[flc] 12/1/2021 08:03

15p here we come

[broncowarrior] 12/1/2021 07:56

Excellent news. Low risk for them given their size and a well needed cash injection for the company. Gall will have the contacts and experience to help push this forward.

[edgein] 12/1/2021 07:42

Well that's very good news to get support on that scale from a very large company. Things starting to heat up at last!

Regards,
Ed.

[paleje] 12/1/2021 07:26

Good news this morning, Galp is substantial and well established in the Portuguese market, their experience not to mention the dosh most welcome.

[sheldon osaka weston] 04/1/2021 11:43

hxxps://econews.pt/2020/12/22/galp-has-an-agreement-to-sell-refined-lithium-in-matosinhos-to-swedish-northvolt/