Maybe it's the lockdown prior to the news storm that will hit before Dec. DA keeping tight lipped due to impending barrage of news? We can only hope right? Now that the US economy is entering Quad 2 and then Quad 3 until Apr 20, both environments are supportive for commodities. This should catch a bid along with the sector now...
I think at this level it's a bargain compared to the likely assets and the fact institutions were happy to spend £1M plus on this share. DA has class act history; he must know what he's doing as will the institutional investors getting in at this level. I liquidated some $TLT gains today, to top up some more here. Patience and faith.
Just overlay the weekly chart of SAV with that of Copper. There's a high correlation. If the commodity metals are not catching a bid then nor will many other AIM mining stocks. Copper looks like its trying to bottom around support. If it does and the USD starts to fall (which we are expecting around Sep/Oct time as US economy starts to rotate away from Quad 4 (lower growth and inflation) and into Quad 2 (higher growth and lower inflation). I'd be topping up at these levels as its about as far down as the SP should go (recession withstanding of course!) DYOR
Wow. This is the news we have ALL been waiting for. Finally!!! Well done DA and team. We will start to see some interest coming back into this company now. The key to keeping the price buoyant is to keep the steady news flow coming. As we have seen a lack of news kills off interest. Should see a good ramp out of the lows now....esp when the USD starts to fall in the coming months and commodities catch a bid again!!
Public Authority for Mining ('PAM') has advised Savannah that it intends to grant mining licences over the Mahab 4 and Maqail South high-grade copper deposits near the Port of Sohar in the Sultanate of Oman to Savannah's subsidiary (the 'Mining Licences') · Advice follows the approval of a series of government authorities and a rigorous review of the applications by PAM · Mining Licences to be granted once new licensing fees have been set under the new Mining Law and the relevant fees paid · Oman's new Mining Law came into effect on 14 March 2019 and is designed to attract new investment and revitalise the country's mining industry
I think Li has prospects for 5-10 years but after that I believe we will have lighted and better technology available. Dep on how long it takes to get the mine operational then this could limit the economically productive usefulness of the project. I'm an original African Mining investor and still see greater merit in the Rio JV and Oman. But they seem to have been side-lined by this Li distraction? What are other board members' thoughts?
I think Jaguar are trying to develop a solid state battery that charges in the same time as it takes to fill a petrol car. The tech in the battery space is moving fast. There’s been so little action here of late. Is DA still managing full time or has he taken up golf??
Maybe it’s nothing to do with BCN per se and more evidence of institutional de-risking now that both inflation and growth globally are slowing. Expect further equity market falls into 2019. High beta and momentum shares will get crushed. Hide in US Trys and Min Vol/Value factor Equities. I don’t see AIM returns getting better in 2019. Dyor
Cluster of Dermark Sequential counts across daily and weekly chart point to higher prices. This looks like a great level to buy in. Daily has Demark 9 Buy set-up active along with 13 combo print. Weekly is on 8 of 9, so we are very near the next leg up. Take a look at the charts!