Savannah Resources Share Discussion Threads

[goodday1] 01/6/2021 19:34

Ended 4% down on 24+ million (high) trading day.Now, let us call it out, it was a sh*t placing price.

[goodday1] 01/6/2021 15:30

Off course you are spot on mate & in no time the Sp will 6 bags & DA will give the long-suffering LTHs free shares.LolThe share price on the decline & it has been since that give away placing.That is the reality & you, the company & I can gloss it whichever way we want.Good luck to all holders

[sc2000uk] 01/6/2021 14:27

So based on what BlueSq. has mentioned then about 6.8Mn of the 7.3mn volume so far today has been sales from a short term investor, Blue Sq only starting buying early May, so this is no a long term holder off-loading today on the back of the RNS.

Sorry Blue Sq, not saying what you've done is good or bad, we all have to make our own investment decisions, but you've only been SAV holder short term based on previous posts.

Would suggest that RNS has had little effect on SP, apart from backing it look even more attractive.

[mrscruff] 01/6/2021 13:37

I have also added at 3.44p and would like to take a contrarian approach to accumulation over months. I read the RNS and read it as a negative setback not detrimental to the long term future of this low-cost, high-grade, open-pit project. Thank you all for the informative posts.

[ukgeorge] 01/6/2021 12:10

added 110371 @ 3.445p

[ukgeorge] 01/6/2021 12:07

blue, as much as I like bashing DA, the prospects here do remain pretty good. As is alluded to in the RNS the lithium market is going from strength to strength, the project is advanced and there is room for an increase in reserves. Then we have the Galp, Northvolt, European commission involvement. Although slowly everything does seem to be falling into place. Unlike the share price which is just falling.

Roll on some of these "positive developments"

"I look forward to being able to update shareholders on these expected positive developments in due course."

[coldjoe] 01/6/2021 11:11

hmm interesting decision I think it's premature to sell more than 10% below recent placing and in this upcoming lithium market, but time will tell... gl

[blue square] 01/6/2021 11:05

Just to update I am completely out took
a £27000 loss, I may of made a big mistake
but prefer to be all in or all out, chose
the all out option, I had no emotional
attachment to the share.
Clearly my sells were responsible for the
fall this morning, I apologise for that,
perhaps some value buyers will appear and
push it back up.
I wish everyone and SAV the best of luck
this will be the last post on this share
board ,no looking back for me.

[goodday1] 01/6/2021 10:44

sc2000ukI am very sorry to say, we are at 3.50 already after this may be, might, probably, possibly RNs.Good luck to all of us, especially with calamity DA in charge.

[reba] 01/6/2021 10:29

sifli2
you are dead right, DA is clueless. He hasn't got a negotiating bone in his pathetic body. Completely ruining the company by his stupid actions and trying to secure his salary for the next couple of years. Kick the idiot out and get someone who knows what they are doing so we can progress quickly.

[sif12] 01/6/2021 09:47

FLC ''Not sure. DA finally realised there's a better deal to be done so has let HOT with Galp fizzle out to open door for a more suitable partner/s. On reflection, negotiating terms on an exclusive basis was perhaps naive given the demand fo Li. Fingers crossed.''

creating the subtext/ reasoning is a bit of dangerous game- you see it all the time on these boards-

GALP is the major player. if you were the CEO, wouldnt you bend over to keep them in play? their weight and reputation is what SAV needed.

Now you could argue, that an awesome CEO, a commercially minded, driven man, could do even better without GALP- cos he doesnt need their name. but SAV doesnot have that type of CEO.

Personally, I think Archer is clueless, he really doesnt have a game plan beyond.. step 1 2 and 3. he is an AIm CEO.. milking, milking..

i dont post much, but I am a holder.. i will continue to hold.. mainly as a bit of a punt.

[goodday1] 01/6/2021 09:44

So so so sorry, mateI feel your pain, while DA tells LTH (no doubt in private correspondence) what could be happening with Moz & for sale sign erected and they publish it on LSE.Remember, the LTH told us Moz due to be sold or.... and shortly & then nothing happens but placing.DA playing LTH.

[blue square] 01/6/2021 09:36

I sold 3.4 million shares in the low 3.5ps
for a loss of £13000 still hold 3 million
shares, I was overexposed and nothing is
certain reguarding the EIA decision
If sav get EIA approval clearly the
share is a steal at these levels.

[goodday1] 01/6/2021 09:34

There are deluded LTH on LSE."For sale sign erected"While in real life & with this RNs the sellers spring into action.Unbelievable.DA the disaster

[reba] 01/6/2021 09:33

come on own up.Is the 2M a buy or a sell.

[coldjoe] 01/6/2021 09:06

2021-06-01 08:43:09 3.625 2,000,000 £72,500

not sure it's a sell, if the time it went through is correct, then it's a buy

[inbrackets] 01/6/2021 08:51

Maybe someone is cutting losses?

[paleje] 01/6/2021 08:49

Can't tell but it was disappointing RNS we need a bigger player in the bag, not just waffle about how strong interest is becoming padded out with intending to and committed to and leveraging strength to build platform....zzzzzzzzz.

I agree with previous comments it's a going nowhere RNS issued because they had to say something. Stop meandering David.

[goodday1] 01/6/2021 08:47

2 million Is that a delayed sell?Thinking positively, it is behind us.

[blue square] 01/6/2021 08:12

In my opinion Galp were never going to
commit without EIA approval so the heads
of agreement was always going to expire.
As for the rest to be on the safe side
you have to take it with a very large
pinch of salt.

[sc2000uk] 01/6/2021 08:02

.......This year's strong lithium market has resulted in the Company receiving increasing interest from groups seeking to strategically undertake investment in the Project or Savannah with or without requiring a spodumene offtake. The interest reflects the increasing appetite for exposure to the lithium value chain within the wider investment community.

Or you could read it as not selling out cheaply. Was 5.3M for 10% and committing to 50% to GALP not a good deal for SAV?

We will have to wait and see.