Member Info for Osaka

Grow up, as much as i'm angry at Archer the resources speak for themselves. The bigger question is can he ever "go mining" as he claims to intend to do on all 3 projects.

If the projects were all sold tomorrow they are combined worth a multiple of today's share price which is why I won't sell up as a knee jerk reaction.

My message to Archer remains clear though, step up and create some value or get out and let someone take over who can.

Depends entirely on who comes in.

It's not like he has any credibility left with AIM investors is it ?

If so why ?

We need fresh blood, someone who will cut the BS and start creating value for shareholders. It doesn't matter which way you look at it he has failed to deliver anything.

I never had him down as a lifestyle CEO but considering the salary he's been taking and the relative lack of support with his miserly shareholding you have to start questioning that.

Is there still money to be made for shareholders ? Ironically he's gifted us a chance to make some quick cash if you're lucky enough to have a trading pot, could be a very easy 50-100% here short term but those who are sitting on much higher averages have been totally shafted.

Personally i'm lucky to have resisted buying in any substantial amounts for a long time, my average is healthy, my trust in DA however has vanished.

He should have gone when he had the chance to let someone younger who understands the markets take over, but I suspect his pride and/or ego was what prevented that from happening.

No more hiding behind the apathy of the Oman & Mozambique governments.

No more hiding behind the promise of leading the way in the EU lithium market.

Get your finger out and produce something tangible or get out.

CheshireKat - It used to very much be the case that people were investing in Archer. That support has eroded continuously over the last 2-3 years and despite some of us still offering 100% support right up until the end of last week, he has shafted the wrong people this time. Some very prominent people want him out along with McGarty and King. Delivered nothing but dilution and BS.

At least 2 of the projects do stand up on their own merits, but let's be honest if it wasn't for Dale Ferguson and the Portugal project this company would have gone under a long time ago.

The potential in Mozambique remains strong.

The potential in Portugal remains strong.

Oman is highly questionable.

The credibility of the CEO, CFO and Chairman in my opinion is shot to pieces. The salaries they have been taking are outrageous considering the lack of progress. Archer will take some shares at 2p and claim he is putting more "skin into the game".

You should have been buying on the open market whenever possible and reinvesting some of your extravagant salary or taking shares instead of cash. You have no excuse, either forfeit the next 24 months salary, plus get rid of clingon King and the useless McGarty or resign yourself and take them with you.

You have lost the support of many shareholders today. We are now invested purely for the potential of the projects and the technical knowledge of Dale Ferguson along with the hope of a more professional shareholder value focussed management team coming onboard.

Leaky ? I think it's been missing the entire hull !!!!

Some very serious question marks over how this was handled.

How have the dissenting voices "helped" ? They didn't see this coming anymore than LTH's did.

Show me a post where they predicted this or shut up.

Muldoon we should still have circa £5M and i've written asking WTF has happened to the cash. I don;'t expect and answer as I gave him both barrels but trust me there's more to come. He's not getting off lightly with this.

It's clear that this was done as compensation to the 9p placees. He's caved in and given them cheap shares after the paid over the top in the last placing. They have obviously been selling down to replace stock at 2p. Needs a thorough investigation.

Longer term I still think the Moz & Portugal projects have significant value but Archer needs to go.

Dale is the brains behind the operation.

What does that ****** Matthew King do ? Nothing !!! The payroll needs drastically reducing and he needs to meet with PI's and face the music. Bloke has been ducking and diving for years, this time he needs to grow some balls and answer our questions on Oman and a few other issues. none more so than his extravagant salary and unacceptable expenses.

Yes that certainly didn't help either, extremely poor timing.

7.7M at year end, doubt we have spent much this year, as of today I would estimate around £5- 5.5M

I've always maintained that the start of the price decline was caused by this RNS on 15th Aug 2018.

At that point we looked primed for a bounce upwards from 8.85 then bang and we've never recovered. If you were one of the II placees that would not have gone down well. Had they assumed / hoped we would be a much bigger player than we are ?

Oman & Moz in my opinion had been almost disregarded by those II's, they came onboard for the lithium.

Personally I always thought it was not a bad thing to miss out on the extra areas as we have more than enough to be getting on with.

We know Jupiter were one of the placees and they are gone. Their problems are well documented hence the description "distressed seller", absolute shambles of a company. It's obvious we have seen at least one other exiting recently. Quite often these funds have strict policies and criteria and if we find ourselves outside of that they will sell down, no messing around they just move on and write off the loss.

Look at the chart from 14/15th August onwards.

Wed, 15th Aug 2018 17:33

RNS Number : 9456X
Savannah Resources PLC
15 August 2018

15 August 2018

Savannah Resources Plc

Non-core Portuguese Exploration Licence Applications Status Update

Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or the 'Company), the AIM quoted resource development company, was advised on 15 August 2018 that the Directorate General for Energy and Geology ('DGEG') has rejected six of a total of nine exploration licence applications in northern Portugal made by Savannah's subsidiary, Slipstream Resources Portugal LDA (''Slipstream''). The applications were pending at the time that Savannah acquired its shareholding in Slipstream in May 2017. These exploration licence applications are entirely separate to the Company's flagship Mina do Barroso Lithium Project, which has a 30-year* granted Mining Lease and continues to advance at pace with the Feasibility Study on track for completion towards the end of Q1 2019.

The six rejected exploration licence applications comprise the Vilar, Almendra, Beca, Caminha, Reigoso and Caramos applications. As these applications had not been granted no exploration work had been conducted on the areas by Savannah.

Savannah understands that the areas covered by the now rejected exploration licence applications fall within zones that will be the subject of an exploration application round of open public tenders that promote the interest of multinational players with demonstrated technical and financial capacities. Savannah currently intends to make tender offers once the tender process is launched and believes that it has excellent credentials for this process with a strong balance sheet and demonstrated lithium exploration and development expertise.

Savannah awaits advice from the DGEG concerning the status of the Calvelo, Meda and Ponte de Lima exploration licence applications.

Trolls out in force over the last 2 weeks offering their expert hindsight views LOL

The same trolls were slating it at 2p then it went to 7p, the same trolls were slating it at 7p and it went to 15p.

Yawn...........

What's inside about knowing who has sold down over the last few months ? The seller that I know of was under the TR1 threshold, nothing secret, are people not allowed to talk to each other ?

muldoon we obviously have a distressed seller still so no surprise we haven't seen a nice rise, they must be distressed to sell at these prices, can't last forever

Revisiting / updating the scoping study within around a month using increased HMS prices :-)

https://twitter.com/AndrewScottTV/status/1171360962894598144?s=20

Today's news was a known known for the serious investors that keep abreast of developments. This info has been on the cadastre site for a while. The final piece of the licensing jigsaw will be in place VERY soon then it's full steam ahead with the PFS. The pilot plant is ready to go, it won't take long to get to that 35% mark then things get very interesting because Rio will need to make a decision at that point. Do they let us roll on to the 51% level or take us out.

All the noise has been around Portugal and understandably but i've always maintained that Moz is the kingmaker project.

Ridiculously low CAPEX & OPEX, use of Rio's facilities, a guaranteed offtake partner and rising HMS prices.

Anyone who writes this off as not being a significant part of the journey to 200M+ market cap is a fool.

Was it a full moon last night ? Who let the lunatics out of the asylum ?

Well there's a huge difference between Moz & Oman. For a start we are partnered with Rio Tinto, secondly based on facts, the Moz government do support mining activities unlike the Omani's who have just talked a load of nonsense for years.

I understand your scepticism but don't agree on this project.

"Rio have to buy out SAV at market price"

Not forgetting that HMS prices have been on the rise for a while with demand increasing.

Anyone that writes off Moz is a fool, it's a very lucrative project and will provide a massive cash injection just when we need it most to develop Portugal.

You've obviously missed the VW TV ads, the 30k+ advanced Porsche EV sales, the amount of EV's at Goodwood this year etc.

It's happening, believe what you want but the tide has turned and the ICE is dead.