Member Info for bigsocietymyarse

The RNS should be good news. Even if MK has exercised because of looming exercise date, it’s £40k that he’s put in. Will be interesting to look back at the original award of options to all the BOD - if any have let options go w/o exercising them, that would be -ve. I suspect there’ll be more exercise dates due, if that was the case here.

There were lots of well argued SP predictions of c20p on the back of Oman alone so disappointment is a fair response. And what was the original target date for mining to start - end of 2016? Naive is by far the most charitable thing that can be said about that.

Wonder if a 1 million mile battery would vastly reduce the amount of lithium needed in the market?

Old Town Hat / Osaka: you do understand it’s a demonstration that you’ve lost the argument when you have nothing but ad hominem attacks, don’t you? I’ve been proven right repeatedly about the slippery language in SAV RNS’s, with my forecasts of delays and things not being as the company wants us think things are. Keep up your personal attacks or do some research for a change. Your choice.

“Savannah currently holds a 20% interest in the Project but can increase this to 35% upon delivery of the PFS...” Back to the language of ‘can’ increase rather than ‘does’ increase....

Now the concession has been awarded I think SAV needs to give a new estimate of when production will begin.

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.