RE: Another Savannah Resources?27 May 2024 12:38
It was a bad interview - period. Were it otherwise, it wouldn't have resulted in a mini sell off, and quite a few negatives and concerns being expressed on here. The biggest for me are:
- a sense of Sheffield being in control and dictating, and being in no hurry. Moving the project at a pace that suits them
- the whole thing being contingent on a number of factors rather than de-risking production upfront. Those factors to include resource expansion, PFS, and FID.
- as a result, production being moved back to late 2025/early 2026?
- CEO has effectively said the upside will be given away as well.
Of course, we have to wait to see what the deal actually is, and not pre-judge or pre-determine it, but I'm not feeling as confident that it will be the exciting re-rate deal, or the timescales we have been expecting. But all imho and let's see what RNS lands. Happy to be proven wrong.