Savannah Resources Share Discussion Threads

[ertugrul] 06/7/2015 11:16

Another buy opportunity today

[seagullsslimjim] 01/7/2015 13:29

yep - still a great top up level and second bite of the cherry.

Amazing what only a 10% placing can do in terms of a reversal and great for anyone with spare funds

[ertugrul] 01/7/2015 11:01

nice buying again today

[divmad] 01/7/2015 09:57

akbar, try writing in proper English if you want to be taken seriously on these BBs.

[seagullsslimjim] 01/7/2015 09:02

Business is my religion - its the best to have !

[akbar:] 01/7/2015 08:30

Plese no religion. Pur businuss

[akbar:] 01/7/2015 07:14

No no this stock Wil continu tu drop until around 3, weaks. New lows Wil hapen. Plz plz lisen tu me' I no all on sav I show thus tu you.

[ertugrul] 30/6/2015 14:40

i just topped another 500k

[ertugrul] 30/6/2015 13:03

SAV

Fighting back, bounce to 3p is coming i guess

[seagullsslimjim] 30/6/2015 10:01

well 6 days of drops in a row!

Crazy where we are at and just shows again how any placing on AIM slaughters the share and ignores any positive news.

Hopefully with a fair few being pre sold in the last week, that in a week or so those final sales would have gone through the market and we can see something of a bounce.

As they weren't all placed with the likes of Bergen, Yorkville etc, then at least some of the 20m odd new shares will be held for more than five minutes.

[ertugrul] 29/6/2015 09:54

Good opportunity to BUY today, done a small top up

[seagullsslimjim] 29/6/2015 09:51

nick - 'even a stopped clock tells the right time twice a day'

[nick9013] 29/6/2015 09:21

How the hell did akbar know that? Results looking very positive tho

[ertugrul] 29/6/2015 07:06

VTEM results are out Looks good 2.5p placing is also not that bad Only 21m shares

[teemore] 29/6/2015 01:50

ertugrul, The Greeks are being screwed and they are correct to default. The European Central Bank should be correctly named -as the 'German Bank'!

[broncowarrior] 28/6/2015 16:40

VTEM tomorrow? If we have found some serious deposits in those surveys this could get very exciting.

[ertugrul] 28/6/2015 10:44

European Central Bank to turn off Emergency Liquidity Assistance to Greek banks, sources tell me. See blog imminentlyGrexit on it's wayGold will surge

[seagullsslimjim] 26/6/2015 12:56

bronco - that tweet was on the 'other' board and so was another good article about Sav and their VTEM survey

[broncowarrior] 26/6/2015 12:01

Good find, hopefully a juicy RNS on Monday then.

Like the article above, pretty even handed for once.

[ertugrul] 26/6/2015 09:21

Interesting tweet from Sav this morning

Savannah Resources ‏@SavannahRes 1 hr1 hour ago
Utility of EM geophysics shown with discovery of hi grade #copper VMS system #doolgunna by #sandfire. Highlights #savannah #oman potential.

[seagullsslimjim] 25/6/2015 22:40

Shareprohet article below (makes great reading and thanks to inforthelongtern from the other board)......

Unfortunately there were some technical issues with this morning’s bullish conference call from Savannah Resources (SAV). Fortunately, I was listening so am able to provide an update. CEO David Archer was in ebullient mood and there is little wonder why. This morning, Savannah surprised the market with news of an exciting joint venture in Mozambique with none other than mining behemoth Rio Tinto (RIO). The joyous response has seen the company’s share price rocket to 3.68p, up 77% on the day. This values the business at £8.37million and the ever-impressive Archer suggested there is more to come in a “very active year ahead”.

It is certainly important to read this morning’s RNS from Savannah, which contains details of the new JV. However, the conference call added a lot of colour and left listeners with a strong impression that this company could be on the threshold of achieving great things.

Although Savannah and Rio’s JV is still subject to certain conditions being met, according to Archer it could open the door to commercialisation of “one of East Africa’s largest accumulations of mineral sands”. This region is already a prolific producer, hosting other major deposits. If Savannah is able to realise the potential it believes is present across the JV this bodes well for shareholders.

The JV itself has been set up primarily to combine Savannah’s Jangamo project, with its inferred mineral resource of 65Mt at 4.2% total heavy minerals, and Rio’s Mutamba project, with its exploration target of between 7.0 and 12.0Bt at a grade ranging from 3 to 4.5% total heavy minerals. Although Mutamba doesn’t contain a declared resource, the size of the exploration target is an indicator of the possible rewards on offer.

One particularly encouraging aspect of the new combined project area is that the Jangamo and Mutamba deposits are contiguous. According to Archer, Rio is also going to contribute fifteen year’s worth of technical data acquired from Mutamba to the JV, which allows Savannah the opportunity to increase and improve its understanding of the exploration targets through desktop analysis. This might not sound like much, but it does offer the company a low cost means of possibly adding value to the project. This could provide important support to Savannah’s share price, as the company is able to demonstrate progress to the market.

During the conference call, Archer made clear that one of the JV’s early priorities is to firm up a JORC resource for Mutamba, with a focus on some of the higher grade targets. This will require drilling and it is Archer’s hope this can begin in the near future, with a base camp already established in the area. By the time Mozambique’s wet season arrives in November, Savannah should have made significant progress in achieving this goal.

As well as its efforts in developing Mutamba, Archer says Savannah will continue to make progress at Jangamo. The next step there is a scoping study, with a view to establishing a “flexible low risk dry mining operation, rather than the larger scale dredge mining previously anticipated”. One point Archer was keen to make during the call is that this deal is attractive to Rio because it enables the multinational firm to maintain a “material presence” in this project, while benefitting from Savannah’s lower-cost, “nimble” approach.

In Archer’s words, this morning’s deal represents a “new approach for collaboration between major and junior mining companies”. Historically, junior players have tended to conduct exploration, selling successful prospects to larger companies for development. This deal is notable because Rio is handing exploration over to Savannah, in the expectation that the company can leverage its skills and local knowledge to better effect.

Shareholders in Savannah might be concerned that if his project is too successful, Rio could want to muscle its way back in. Archer dealt with this point directly. According to him, the terms of the clawback arrangement in place to cater for this are sufficiently favourable that even if this happens, there will still be a “good financial outcome” from Savannah’s point of view.

As for Savannah’s other major project in Oman, Archer was pleased to point out the company continues to make progress there. Apparently the VTEM results should be announced “shortly”; and further “on-groundR21; work continues, so more updates should follow.

Overall, Archer is confident that Savannah’s strategy is consistent in both countries it is operational in and, as I said at the start, he is looking forward to a “very active year ahead”.

[broncowarrior] 25/6/2015 14:13

Loads of trades, really liquid at the moment.

[broncowarrior] 25/6/2015 14:12

Did he say that in the investor call?