The issue4 May 2018 08:57
As to why SAV has a 6.5p ceiling (which I confirmed back in 2014/15 is the same tired method is being used.
Moz got upgrade after upgrade; no actual license or mining actually occurring, so they got Oman,
Oman got upgrade after upgrade; no actual license or mining actually occurring, so they got Portugal,
Portugal got upgrade after upgrade; no actual license or mining actually occurring.
It has been year after year of everyone claiming "this is SAV's year" with absolutely no idea.
To get any of these mines running is going to cost extortionate amounts - which is guaranteed dilution; and a significant amount too.
People quoting 25-30p are living in la la land quite frankly, as none of these sites are anywhere near licensing and actually mining. Anyone who thinks Oman will actually go through needs a psych evaluation. They are clearly stalling; DA claimed to be selling copper by end of '17 start of '18 which slipped to H2 '18 and is now maybe they get communication from them by '19.
It is hilarious; Oman will not be going any further. Mozambique is reliant on Rio Tinto which is drowning faster than any other mining company, and Portugal is years away from production. All this alongside yearly costs and salaries.
Happy Friday.