Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It’s really entertaining. But there’s going to be a few strokes, heart attacks and throbbing neck veins when people wake up on the 13th. Gammontastic!!!
I’m just uncomfortable about the language moves around leaves things open to subsequent re-interpretation. The time being taken to complete the PFS is dragging on as well. Fair enough, why spend money on it while you wait to confirm a number of things but then what? I think it’d be useful to have an update on the project timeline, setting out the items that we’re dependent on others to complete followed by the activities that we’d have control over. We’ve got a history of missing the targets that really matter, which are always down to someone else dragging their feet. Let’s have sight of the uncontrollables leading up to D-day and then the timetable thereafter. Ditto Oman. Seems reasonable?
Why does the language revert to ‘can’ Increase further down. I’ve flagged this up before: either our interest DOES rise to 35% or it CAN rise to 35%. It’s very easy to see the huge difference between the two.
So the PFS is definitely paused for an indeterminate period.
Not liking the continued slippery language around this:
Savannah is the operator of the Project, with an existing 20% interest in a Consortium Agreement with Rio Tinto, which covers the Project area. Savannah can increase its equity to 35% upon delivery of the PFS, which is currently underway...”
’Can’ increase its equity, or ‘does’ increase its equity? How much will the equity increase cost...?
Market liked the update. Not.
What’s excellent about it? What’s even ok about it? It’s just ‘so what?’
I’d rather see some real news rather than another puff piece. This is just another desperate attempt to convince shareholders that ‘progress is being made.’ Shove this, DA, and bring some real updates to the table.
Yeah, I may have been a bit sarcastic there...
Keep up at the back! We were told in September 18 that we’re moving closer to the award of licenses in Oman and in August 19 we were told that the Omanis intend to grant them. Jeez, how much more do you want?!
Meanwhile, Boris Johnson turned up dishevelled and hungover, unable to hold or place his wreath properly, so the BBC just used the footage from 2016 in the re-runs instead.
5 months since any real news. Since then there’s been nothing but a few desperate gushings to create the impression that all is super exciting. DA has turned into an utterly damp squid, but if he left the SP would tumble even further and I reckon he’s abusing that position now. Get your finger out Archer. Or better still, get some bloody diggers out and start bloody producing something!!! Absolute joke.
See? I said the other day that everyone at SAV had sacked it off but forgot to publish the RNS!! :)
Chate - you’re lying with a completely invented story. How do you get off making that absolute nonsense up?
To be honest I’m starting to think that SAV have actually just stopped trading. They’ve all packed up their toolkits, cancelled the contracts, closed their laptops, cleared the office, flown home and got jobs somewhere else. Luckily for them, no one remembered to publish the RNS or tell the bank to stop making monthly salary transfers.
“ Savannah already mines feldspar, quartz and pegmatites in Barroso, a mountainous region in the north of Portugal“
Can’t wait for the dividends to come rolling in...
Joy at being 25% up on historic lows with an RNS due is like celebrating the floodwater dropping below your bedroom floor and a forecast of ‘cloudy’...
When the fat RNS lady sings, it’ll have zero impact on SP. the RNS will only say what we already know.
“Moving in the right direction as predicted”
lol :)
Just remember, we should have been collecting dividends by late 2017/early 2018 and self financing our way to Moz, with about half the shares in issue that we’ve got now. That was back when DA wasn’t taking a salary and was ‘aligned with shareholders’. Then he started taking his FTSE-style salary - reward for failure, or what?!
Muldoon - not to mention that we were told we’d be mining copper in 2017, then in 2018, then ‘as soon as possible’ or something. And then after three years of failed promises we get an excited and breathless RNS telling us that Oman have said they’ll give us a licence - one day. The company RNS’s are simply not believable on any promise that matters. “No more solution to fund the lithium project” Then come December it’ll be “Yeah but, we’re issuing 250m shares to buy a house for an Omani chap who wants us to do just a little bit more drilling before giving us a licence. And another 250m to do this thing in Moz that we never mentioned needed doing before” Just another crappy AIM miner with a bod milking the shareholders. I’ll be right out of here if we get a spike to 3p