Member Info for kentan

Should anything like the scenario I have outlined come to fruition, any of the big, non-Portuguese shareholders, could be tempted to sell or transfer their holdings with the issue of warrants to reward them in the future if the share price were to rocket. That way they would be in a win/win situation whatever the outcome.

From the RNS's over the past 9 months, it is obvious there are 2 Portuguese factions stakebuilding in SAV (there could be more smaller ones we do not know about), so ask yourself why?

Would they get financial backing from the Portuguese Government? ... Yes, if they could obtain control.

Under the takover code, once a shareholder reaches 30% of the voting rights in shares, they are required to make their intentions known if intending to make a takeover offer (in concert with any others to reach 50% or more), to make an offer that would become unconditional as the majority holders.

So, we can see that should AMG and/or Slipstream were to be compliable, together with the Portuguese, they hold over 36%, so it is getting ever nearer 50% and should Al Marjan wish to join in it would be to obtain a majority ... it all depends if they have access to the funds for a buyout and at what price each entity would accept ...Al Marjan would have a strong bargaining position to get a hefty premium on their investment by selling their shares to any of the other parties.

With RTZ lurking in the wings (they would only be interested in a takeover once it is a mine in production) any takeover of SAV from them would propel the share price into the £'s and make its investors very wealthy.

This is why all the long-term private investors must be on their guard not to get shafted and it appears something is not right that the share price has not improved on a bank of positive news and increased prospects.

In the August 1st 2024 RNS, Slipstream Resources (Dale Ferguson) stated they had sold 75m shares to a significant Portuguese investor, but retained 73.3m (3.37%) ... It does not say anything about Dale's personal holding, circa 51m shares at the last count. They reported that the total Portuguese holdings amounted to around 12% on that date, this has now increased to over 17%.

Al Marjan (Omani investors) first came aboard when David Archer (then CEO) diverted SAV's main interest to copper mining in Oman and they have remained as a major shareholder ever since supporting the stock with placings around 4p. Now that David has sadly passed their commitment to this project may not be as solid as it once was, so they too might consider reducing their holdings if the right offer came along.

This would then present a situation where AMG, Slipstream and the 2 known Portuguese investors could all combine to buyout the rest and the Portuguese Govt would, no doubt, be happy to help in any way with funding a project to their advantage in their own country. .... So SAV, as we know it now, would have done all the donkey work and taken the risks, then along comes the new Portuguese/AMG consortium to take the cream of the massive benefits.

This share has been stuck too long in the 4p range considering the promising news and improved information of progress (with photos) and adequate short-term funding in place ... about time it started to motor on, or is there something (undisclosed) in the background holding it back?

Grupo Lusiaves SGPS, S.A. (Portuguese investors) have now increased their holding to: 152,841,184 shares, which represents 7.034380% of the voting rights of the company (SAV). They have systematically been increasing their shareholding since last Summer.

This significant report now identifies them as the 3rd largest shareholder, with AMG Lithium B.V. as the major holder with 342,612,420 shares, which equates to 15.77% and Mário Nuno Dos Santos Ferreira's (Portuguese investor) holding of 217,277,421 which represents 10% of the voting rights.

Therefore, it could be possible for either (or all) of the above to mount a takeover of the company if they were to conspire with other major holders to do so and reach the required %.

Could it be a ploy by the Portuguese to take full control of Savannah Resources that would complement the completion of the mining prospects, aided by the Portuguese Govt. with financial backing to fund their own compatriots.

Only speculation, but I think the management of SAV should keep their eyes open for any developments.

The newly added today of 111 million shares to the previous 724.910,000 shares in issue, haven't been added, as yet, in the company information panel on this site ... so the total shares in issue should now read 835.91 million which gives an unbelievable MCap of £45.56million at 5.45p .... these sites are unreliable when giving information, giving conflicting reports of sales and buys ... tread carefully, especially with the big spreads.

111 million shares will be added at start of trade tomorrow, representing 15%+ of the current stock issue ... should dilute the share price accordingly based on what usually happens.

I am now out of this after a decent return, others in AI have a more promising short-term return and have decent order books and income, whereas, SCGL/Evoo AI have still to get organised and income streams established.

Evoo AI are banking on their new "Olive" e-commerce trading platform to be launched (early2025) and encourage luxury brands to get on board, so all very speculative at the moment.

Think the hype will die down from tomorrow and the SP retreat ... but I will jump back in once it appears viable with orders in the pipeline and enough operating capital to service any debts.

The terms of the contingency: £3m for 111 million shares at 0.015p seems to be very generous (from a Chinese of high net worth, ... a family member?) ... at a cost to him/her of £166,500 ... now valued at £3,774,000 (@3.4p), would more than cover the exposure. ... Could it be a bribe for SCGL to get into bed with Evoo AI?

The RNS in November 2024 ...

The addition of 111m shares worries me, it represents a dilution of 12.5% and would be reflected in the share price ... plus I expect a drop would gather momentum for a sell-off and we could be back to circa 2p again.

Depending on how it goes and at what time it finishes, there could be a RNS at 3pm today or first thing on Monday 7am.

Those at the meeting will be ahead of the game snd would be no surprise if there were some insider dealing before it is made public, the SP will indicate good or bad news.

Once Evoo AI have completed their due diligence checks, I would not be surprised if an EGM is called for to ratify the terms of the tie-up and maybe a resolution tabled to change the name of the company (SCGL) to reflect it is an "Ai" business and new directors added to the board in what effectively would be a RTO, subject to the rules of The London Stock Exchange.

The Company's AGM will be held at 11:00am on 10 January 2025 at the offices of Hill Dickinson LLP at 8th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.

I cannot get there tomorrow, I expect it will be held over a webcam conference link to the CEO and other directors and interested parties.

Usually, these AGM's are a rubber stamping excercise of the proposals outlined in the RNS ... I have seen no agenda for the meeting and any additional motions put forward.

How many on here expect the share price to rise or fall after the AGM and all of the resolutions passed?

After the rally this week, it seems like a resistance level of 5.0p has been reached, with expected sells just below to crystalize profits.

The highest paid earlier today was 4.825.

If there are large pending orders to fill, the MM's may move the ask to above 5p to tempt those still eager to get on board and trigger the limit sell orders to fulfill their order books.

Sealand Capital Galaxy (SCGL) is being used as the vehicle by Evoo AI to get a main market listing (that has always been SCGL's "jewel in the crown") and because both companies operate in the luxury goods market, it makes sense for them to combine.

There is already a contingency for £3m from a person of high net worth (Chinese) if passed at the AGM on Friday ... looks like it could be a family member of the founder getting a fabulous deal for 111million shares at 0.15p to more than cover his exposure (at current SP) ... the family are still represented by the daughter as CEO and her father still has his £900k in the company ... they should all be looking towards an exiting and prosperous "Chinese New Year" in a couple of weeks time.

Sealand Capital Galaxy recently announced a proposed investment in EVOO AI. The deal is yet to be confirmed as it is subject to a due diligence period. The recent share price appreciation may unwind rapidly if the deal falls through, and investors should treat the dramatic rally with caution.

That said, should the investment go ahead as planned, Sealand Galaxy will have secured exposure to an exciting corner of the Generative AI market.

EVOO AI plans to revolutionise the luxury goods sector through advanced data analytics and consumer insights. The company’s flagship application, Olive, is positioned as a luxury e-commerce marketplace, differentiating itself through influencer-curated boutiques and personalised shopping experiences. Olive is due to launch in 2025.

The technology combines proprietary and open-source AI models to analyse market trends and consumer behaviour, providing detailed intelligence to consumers, retailers, and luxury brands.

EVOO has outlined an ambitious 12-month roadmap that includes completing an equity funding round and expanding its network of luxury brand partnerships. The company also plans to soft-launch its Olive marketplace platform, with a focus on onboarding established influencers.

Additionally, EVOO is exploring the possibility of a public listing to enhance its access to capital markets ... so this is the most interesting statement ... "exploring the possibility of a public listing" ... using SCGL's main market listing in a RTO? ... this looks to be the most obvious scenario, giving them instant access to huge investments and rapid growth in a market still in its infancy.

This stock is a valuable vehicle becase it has a main market listing, so no restrictions on sizes of trades (compared to AIM) .. now with promised funding and a link to a major company in the luxury goods market, SCGL offer a promising link to all of those markets (E-trades)who are established in China and the Far East ... look at their history.

It has been sitting patiently waiting for the right people to come along who can exploit the China/Far East markets, looks like they have now arrived in the form of Evoo AI who can target the wealthy and market for exclusive, high margin goods ... this has encouraged the tranches of operating cash and a £3m contingency.

Forget the past few years when it has barely scraped along ... now is what they have been waiting for.

Looks like all those trades below3p are stop losses .... MM's holding onto stock by inceasing the spread (20%+) to sell at 3.5p+ ... should spike after 2:30pm when USA opens and push towards 4p bid price when stop losses will again kick in around 3.9p .... Day traders having a field day.

The placing terms seem very cheap compared to the current share price (around 10%)and would be reflected in the share price after by the dilution to include extra shares.

The warrants & conversion terms seem very complicated to understand.

There is no mention of the due diligence enquiry to be sanctioned before any go ahead with Evoo IA and the proposed tie up with them ... the 30 day period has now expired.

Will new board members be proposed and elected at the forthcoming AGM? If so, will they be allocated shares at a discount to the market price?

Lots of speculation now until 10th January 2025.

As in other stocks that I am invested in, good news like today's RNS, is treated by the MM's to trigger stop losses by writing down the SP and acquire shares cheaply to fill their order books ... expect a lot of late reported trades of lumpy buys as they hold off making them known until settlement.

US$6.7 billion for a similar size of company would mean around £5.3bn at today's rates ... I would be happy with a fraction of that if SAV was merged with another (or more) in Portugal and then snapped up by RTZ.

We have history with RTZ, they bought us out of our Mutamba, Mozambique tenement for mineral sands back in 2021 and wisely David Archer (R.I.P.) used the funds to progress the Portuguese Lithium prospect, which is now starting to look like money well spent.

It seems like, once the prospectors (in this case SAV) for minerals have identified a commercial, profitable source, that is viable with a good long-term production set-up, RTZ become the predators to snap them up and add to their mammoth world domination of mineral and mining involvement.

So our Chairman, Rick Anthon, has valuable experience of how things proceed in the M&A world of Lithium:

"In addition, there was notable M&A activity in the sector during the period, indicating that the industry itself continues to mature. This began last January with the completion of the merger of my former company, Allkem, a company I joined when it was at a similar stage to Savannah now, with Livent to create a new lithium major, Arcadium Lithium ('Arcadium'). Arcadium subsequently received a US$6.7bn proposed takeover from Rio Tinto in October, which represented a 90% premium to Arcadium's market value at the time".

If Rick can do the same for us, in what could be a rapid transformation, I and many other long-term holders of SAV would be more than happy.

With further additions to our Barossa mine and the expected increase in demand for European Lithium, plus we are superbly underwritten by the German Government to supply their EV car industry, I can see the big players in the II (Institutions) wanting a piece of the action and be prepared to propel the SP higher.

"Happy New Year" ... it could be one of the best for us!

Just now .....

This tells it all:

Trades 24

Vol. Sold 190,856

Sold Value £2.85k

Vol. Bought 1,873,124

Bought Value £23.84k

So how come the bought value and number of shares exceeds the sold value by over £21k and nearly & 1,700,000 shares ... so, can the keyboard warrior give it a rest and go and play with his toys! .... Hopefully, the adults will remain and make themselves rich contrary to what the jealous infantile posters do on these sites.

Stop losses probably deliberately triggered by the MM's at 1.30p and below (the usual ploy, where they sell nothing) ... now the lumpy buys are starting to appear at the discounted prices ...