Member Info for bigsocietymyarse

What are we hiding? I can understand this item being put on hold pending the issue of licences, once the delay became ridiculous. But this was originally reported as due to be completed “in the coming months” two years ago, long before we expected the licenses to be issued. We expected it to be delivered before the licenses were given. In September last year this was “a priority”. The first license was issued a month ago, which should in itself have been reason to update us. All licenses now issued. The fact is that completion of the PFS increases our stake from 20% to 35% - this is serious stuff and seriously value-adding for investors who’ve been incredibly patient here! The silence absolutely stinks to high heaven! My bet is that the BOD is working on a massive dilution to fund it. Get some news out, Archer. Shareholders are going to see ABSOLUTELY ZERO added value as a result of this.

Save me some time please: will there be a final divi in May and a first Q divi in June?

Issuing mining licences took 18 months longer than expected, if I’m not mistaken? The PFS was started 2.5 years ago and was supposed to take “months” to complete. The delay in issuing ML’s cannot be why the PFS hasn’t been delivered. Completion of the PFS increases our stake here from 20% to 35%. The company is refusing to speak on the matter. Are we being ripped off?

Aug 2017: “anticipate it to be finalised in the coming months....will be delivered with a quick outcome”

Sept 2018: “scoping phase of PFS well advanced”

Sept 2019: “priority to progress the PFS at Mutamba”

Come on then - where is it??????

Silence is golden...

CM: An alternative proposition could be that an 8% increase in production elsewhere and Richard’s Bay reopening after a closure could be that the last thing RT needs is another ilmenite mine. Wouldn’t be too hard for RT to start foot dragging, scrutinising the contract for get-outs and sending ‘out of office’ replies to all emails in order to bog this down for a year or two. And I’m sure DA won’t grumble while he continues to pocket a wedge every month on the promise of jam tomorrow. Something we’ve all got used to round here... how long is it since people bought into the whole “DA doesn’t take a wage” excitement? 5 years?

I agree, IB, that post licensing they’ll now be discussing the way forward. But the whole point of the PFS is to inform the options; no PFS no discussions. As it was started over 2 years ago, when a decision on ML’s was expected to be c6months away, it should be ready to publish and thus increase our stake in Moz to 35% - a pretty significant issue. The silence on the subject will quickly turn a pimple into a weeping sore.

Far, far too many missed milestones here, while we’ve been busy wandering the globe acquiring the next big project that’s going to make us all millionaires. Not long before the company name changes to Trotter’s Independent Mining ;)

Hard to imagine anyone being attracted to the Moz operation when it has such a history of missed milestones. Granted, most of the foot dragging has been on the part of the Moz Gvt but the issue around completion of the PFS needs addressing. It was started 2 years ago and there’s no reason why SAV now shouldn’t have a clear idea of when it’ll be delivered. This is supposedly a fantastic value adding milestone for the company that ‘should’ put a solid floor under the SP, and which would improve the position in terms of raising finance for all projects. “No more dilution to fund Portugal” - but what about Moz? When will the PFS restart, what is left to do to complete it, is it funded and when will it land. We need an RNS ASAP but we don’t want one that leaves the important stuff out or which only creates more questions than it answers.

tbf it did go a bit over 15p for a bit

If you try really, really hard to think, as super hard as you’ve ever, ever tried to think, you could almost think that Labour not getting anywhere near power is the cause of the fall. Or maybe it’s because of Johnson getting into power.

Not sure about that tbh.

Lol - apart forgetting all about Oman, I think everyone’s factored £0.00 into their forecast there. But one must live in hope!

What news do people think will come first: estimated completion date of the PFS with an imminent completion and therefore clarity about when our JV stake will rise to 35%, or a diluting RNS to fund stage 2 of the PFS with no estimated delivery date?

Fair point. I’m hanging around waiting long enough for an RNS that enough people believe in to cause a spike before it falls back again. Again. Currently sitting on a (fortunately small) loss after making some (good) short term gains on the big spike to 15p. I should’ve walked away then but *******sed up trading thinking this was finally going to deliver on a promise and caught the falling knife. Pessimistic? Definitely. Gullible? Certainly. A small spike and I’m out, then I’ll check back in in 5 years and see how investors finally got sold out. In the meantime, I’ll give it 6 weeks before another dilution to fund stage 2 of the PFS, which won’t have an estimated delivery date attached to it.

But in SAVland it’s more like building a house and sacking everyone off because the brickie’s delayed. And when he finally starts you think, “Hmmm, I wonder if I ought start thinking about getting a plumber and a sparky” instead of just ringing up the ones you’ve arranged in advance and confirmed that they’ll start in three weeks time.

Because every piece of ‘value adding’ good news is always tempered by something missing that outweighs it. The actualite is that the PFS was started more than 2 years ago and we don’t have the foggiest idea when it’ll actually be delivered. Seriously?! Last news I remember referred to ‘stage 1’ of the PFS. I wonder how many stages it’ll turn out to have. We were actually told, repeatedly, that we’d be digging copper out of the ground in Oman by now - I think the first estimate was by end of 2016 - what a joke!!

There really does have to come a day soon when something actually ‘adds value’ to the chuffing share price.

Get your head out of your backside mate and stop looking for reasons that convince only yourself that everything is good.

SAV is turning into a pantomime with an absolutely conniving BOD.

To be honest, CM, I think you’re looking at cloud cuckoo land through rose tinted spectacles. It’s sometimes worth looking at the actualite as well as tomorrow’s jam potential.

It’s now almost 2 years to the day since an RNS crowing that the PFS “is now underway”

Today’s RNS should absolutely have included additional excellent news about how close to completion that is. Never mind the delay bunny being pulled out of the hat, this is more like the amazing vanishing glamorous assistant.

With each RNS this company feels more and more like a con trick, existing purely to keep the BOD in employment with promises to shareholders of being a millionaire this time next year, Rodney.

Sept 2018: “scoping phase of PFS well advanced”

Sept 2019: “priority to progress the PFS at Mutamba”

The delay isn’t acceptable and the news updates do not provide meaningful information. There must be a risk of the board’s integrity and / or ability being questioned.

Doesn’t seem unreasonable to expect a delivery date for the DFS. Should really have been covered in the RNS?