Member Info for bigsocietymyarse

What do you reckon? This is an AIM miner ;)

I saw no references to anyone sniffing around, only that buyers are being sought. That’s not just the main thing, it’s the only thing. “Want to buy my car?” “No” “Want to buy my car?” “No” “Want to buy my car?” “No” “Want to buy my car?” “No” Doesn’t equate to buyers sniffing around.

Agreed. The Omani foot-dragging, ostensibly around making them a ‘go to’ jurisdiction for mining, is risible. I would advise any investor researching a mining company with any Omani connections to walk away. I’m extremely worried for SAV about a having an Omani cornerstone investor, into the bargain. This has got the words ‘big fat rip-off’’ written all over it. And once the serial ramper Iceberg has finished accusing me of racism again I’ll be back to say I told you so.

We�re actually a lithium explorer, not a lithium miner. Although we should, by now, be a copper miner.

TRP is the gift that keeps on giving to the people in charge. This co. is a hilarious example of how to keep emptying shareholders pockets - they’re experts at it!!! I lost a couple of bob here many years ago when the SP was 2p. You gotta laugh, but I always like to keep one aim oiler or driller in my portfolio for a bit of fun to make up for how dull ftse 100 shares are. Don’t get your hopes up here, as so many aim investors do - they’re nearly all full of BS. But have a bit of trading round the edges if you can. You might even multi bag on a QPP or a MONI before they fizzle out. But that ain’t going to happen here again...

That the offers of increasingly more jam tomorrow seem to be followed by small and sustained falls in the SP after each RNS.

Iceberg: the difference between 'your' and 'you're' is the difference between knowing your sh 1t and not knowing you're sh 1t. I know the difference and I don't need lessons in accessing a dictionary from someone who who doesn't. Ramp on, bro :)

Condemning me as a troll for not buying 100% into the 'guaranteed no risk' narrative doesn't bother me, and it makes your contributions less valuable if that's how easily you descend to namecalling. For the record, there's a flipping reason that the statement inserted in the RNS is a legal requirement! The longer it takes us to start getting Cu out of the ground in Oman, the more borrowing and dilution there'll be. That's the only certainty about SAV at the moment. Anyway, I'll stop wasting my breath on the subject, and spend less time considering your well-intended research contributions while I'm at it.

Agreed. The Omanis are currently only showing the world what a joke of a country they are to do business with. It looks more sinister than petty red tape, too.

Sigh... even if your comments are as plain as the nose on your face, if they don't fit the 'guaranteed profits / no risk' narrative, then you're a troll. Then comes the accusations of stupidity and of never doing research, before having one's research quoted elsewhere. Then comes the dismissal of any identified risk with a glib and casual "it should be easy to fix" comment. Personally, I prefer to deal in the 'will be' that attracted me to SAV rather than the 'will probably be' that SAV has become.

*Cautionary Statement: The potential quantity and grade of the Exploration Targets is conceptual in nature, there has been insufficient exploration work to estimate a mineral resource and it is uncertain if further exploration will result in defining a mineral resource. Alongside this, work has begun to modify the licencing conditions under the Mining Lease Savannah currently has for the project; the Company has the right to mine approximately 7Mt of lithium, quartz and feldspar ore from seven mining nucleos, but will need to modify this for the extraction of additional tonnages and to build a plant specific to lithium processing. In respect of Portugal we've got alicence to dig up a small amount of stuff, if there's anything there, and we're burning cash like mad to get there. Last year we were assured that we'd be digging up copper in Oman by end 2017 and actually earning money. This was supposed to be paying a dividend and bringing Moz along at the same time. We're now told that Oman will probably be mining sometime in 2018. So, in summary: instead of earning money today as we were advised to expect, we're burning it, on a chancey exploration project.

It doesn't matter how desperately you want an AIM miner to succeed. Don't lose your head. Sentiment doesn't pay the bills...

Yeah, I'm being serious. I'm not sure that we can simultaneously celebrate being a ground floor lithium explorer whilst worrying that we're in danger of losing out in some sort of race to production. And I think it's pretty reasonable to ask why we're burning cash like mad on *exploration* to the point of a huge dilution (Stephens95 would be happy with a 30% company dilution!) when we could fund our own exploration with our very own earned income 'any day now'.

"One more tiny piece of red tape..." and then PAM will have a look at it, no doubt having to seek a view from MDO first. At which point there'll be an arbitration & Moderation process to follow with the Ministry of Pointless ****aboutery because MDO and PAM disagree. I absolutely can't understand why we would borrow money to spend on frenzied exploration in Portugal if we have certainty that Oman is going to turn a profit. Why rush into borrowing or dilution? The market for lithium isn't going to go away any time soon.

I think an update on the general strategy of our approach to becoming an income earning company is overdue. We have a resource in Oman that could be earning income but the authorities are dragging their feet. Income from that would fund other exploration. Instead, we have no real (convincing) idea when we'll be income generating other than bland statement after bland statement suggesting 'soon'. Meanwhile, were all anticipating a round of borrowing to fund more exploring in Portugal, which won't serve our interests in the SP. unless we've got an off take agreement lined up in Portugal we should start dragging our feet over there until we can afford to pay for our own exploration work without borrowing/diluting. I think DA should set out a proper roadmap and timeline to becoming income generating. Or does he know that Oman's never going to happen and is now frantically working on Portugal to find something to keep the company in business until Moz is a more near-term prospect to keep us all invested?

It'll be months before SAV get a licence, if at all. On top of that, the assumption that a license will actually be issued is already priced in. Best case scenario therefore, is that we get a licence in the next 6-12 months, and when we get it the SP doesn't fall.

HAHAHAHAHAHAHA!!!! Megalols....

Yes, maybe we'll get the final signature this week. And then we're allowed to go to PAM and ask, yet again, if we can start mining yet. I'm not the only person person who thinks that Oman might be just another fingers-in-the-till, where's-my-cut, I'll-have-some-of-that, ten-for-me-one-for-you jurisdiction. The sooner we come clean and bail out of there the sooner we can put it down to experience and retain some credibility. And it'll do a favour to every other mining company that's on the brink of falling for any BS.

I no longer believe that Oman will see the course. I think it smells, and I don't like the smell. You find a bucket load of copper under your feet and all is hunky dory. But when you happen to mention there's a bit of gold there too, the heels start dragging and the housing minister (or whoever) suddenly can't find his pen. It stinks to high heaven and if I was miner I'd steer well clear of Oman.

You�re right. It seems that the bigger the promise of jam tomorrow, the less interest anyone has. Anyone remember this from a year ago: "2016 was a very productive year for Savannah and has enabled us to start 2017 with three projects each at exciting stages of development. Thanks to the Consortium Agreement we entered into with Rio Tinto regarding the Mutamba Project, we have secured and amalgamated our individual projects in Mozambique into a globally significant ilmenite project at a time of rising prices, increased demand and declining inventories. We are delighted that the project appears to be amenable to dry mining which should provide a faster, lower-cost and flexible route to production. In parallel, we continue to make solid progress towards copper production in Oman from the Mahab and Maqail deposits. In the meantime, we look forward to providing updates on the lithium potential of the newest additions to our portfolio in Finland, providing longer-term potential to our core heavy mineral sands and copper projects where we expect to see significant milestones being achieved throughout 2017."