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Thanks IB. All very positive. Let’s see if SAV find it noteworthy of some kind of ‘ we note the recent statements etc etc and look forward to etc etc RNS in the coming days.
I wonder whether a change of attitude to the sector may help SAV in its quest for financing It may provide an alternative option at least.
Their involvement is a clear sign that mainstream commercial lenders are now happy to work with lithium miners, after shunning the sector for much of the past decade because it was deemed opaque and poorly understood.
Thanks again. As you say quite entertaining. The amount of wealth available eh. One wonders if indeed it was true Aethel were in Australia, according to that early report , who they were talking to.
thanks ib fir your commentary. imo unless some surprise action, it will be toward end year before corporate news, partnerships, off takes etc and probably just as sav said, aethel are just one ion the list as part of that process. similarities though between aethel and gr’s han**** quite interesting both being iron ore.
IB what do you make of collapsed Liontown bid ? If it was GR’s intention to prevent the deal, she got her wish. Going to be interesting there with financing and GR’s further intentions. Whoever SAV choose for partnerships etc feel they could do with a similar size of Albemarle and their expertise. We will see.
No mate sorry don’t agree. What I said was at the time of purchase the CEO should have no privileged information. Now one has to assume if some negotiations such as partnerships, bids, joint ventures etc etc were taking place, this could be deemed as price sensitive. I just state with all the chat about Aethel, had they really been talking to the Co with a prospective bid the CEO could not buy. So we are safe to say that when he bought his 500 k odd, there was no price sensitive talks / negotiations etc etc going on.
The CEO is currently not a board member but will still be governed by these rules just like anyone else. You and me included
Rules of the Stock Exchange and insider-dealing legislation restrict directors of listed companies dealing in shares when in possession of privileged price-sensitive information.
Just to correct one thing from my previous post, the CEO is currently not a board member. However as a paid employee charged with running the business he’s going to be in the know of any price sensitive information. If there is any.
Doesn’t mean to say something might not get going imminently, that famously imminently After all they might of had a phone call from Albemarle over the weekend, now they are out of Liontown lol
Erm So you are saying that negotiations could be underway when the shares were bought but talks are not price sensitive. I would have that any negotiations from now on in with potential partners are price sensitive. Well we damn well hope so.
More importantly it indicates at the time of purchase no closed period for Director buys. So up to that point no talks or negotiations underway with Aethel or anyone else.
What do you make of a 10m trade today ? and down by .25p. Manipulation or what. Something going on here ?
The more I read that article the more confused I get is Aethel of the supposed 60 or not. Maybe that’s what was meant by the quote in previous articles that Aethel thought deal would be done by end of year ? Very unusual trades at the moment with barely a flicker in movement of sp. At the moment for what is at stake my biggest question to myself is for a major or an investment house. Why bother sharing this with another offtake agreement partner when maybe it can be taken out
Companies House now show accounts Apr thru to Dec 22 now due end of December.
IB think too, SP Angel’s response is also all part of the dance
https://www.share-talk.com/sp-angel-morning-view-todays-market-view-tuesday-19th-september-2023/
Crazy as it sounds, think SAV may have got wind of some attention. The speed at which that placing occurred and the participation of the major shareholder. Sure they need the money but it conveniently crossed the 25% threshold with other snd to include other board members. My cryptic King and Keen shows my commitment here. Whoever is interested here will not get this at an opportunistic price so it’s going to be interesting if anyone is actually going to come up with an offer rather than the current dancing snd softening up of the Co with control of sp.
Https://savannahresources-wwwsavannahresourcescom.azurewebsites.net/investors/shareholder-analysis/
These 3 have just under 26%. Anyone trying an opportunistic offer will need their support otherwise the magic 75% will not be reached, should anyone try an offer not agreed by the board. Any conspiracy theories out there, the recent placing whilst provided the funds also nicely shored up the over 25%. Anyone who wants this Co is going to have to pay a fair price.
Https://www.aethelpartners.com/
Interesting Private Equity entry
All that RNS says is no one has made contact with Savannah as yet. So yes it can be trusted as you say but doesn’t preclude anyone thinking about it, yet to make their intentions known.
We are guaranteed a RNS by end of next week with half year results. Will see what additional information is given then. In meantime a brake seems to have been applied to the sp. Conspiracy theories or not, a suitor needs 75% to succeed and make anything mandatory. Could be some exciting times, maybe. I’m certainly not selling any on first dibs should such an event take place.