Member Info for tony_currie

Goodness WG818 - why are you so negative on this share.

The last question and answer clearly stated plenty of positives,

1) The are going ahead with refinancing (just be patient!)

2) Since the permanent flow line they have been managing the flows down in order to adjust the individual well flowrates and pressures to optimise production through the new facilities. It can take time for this to take effect. Angus are still meeting the Hedge comfortably.

4) Hedge ends in June 2025

4) The New CPR P90 NPV10 valuation is £57.1 million (lots of gas still to extract)

5) Two further wells Planned.

6) Gas prices are still twice pre War

7) Balcombe given go ahead.

If you are so negative just sell up and go OR just be quiet and patient!

Thanks Singhie, The drops in flow where just the regular monthly maintenance as detailed by Angus. So much for the Doom mongers talking about having to buy gas - fools!

Yes, finishes June '25. Then instead of 50% going on Hedge it's down to just 8%.

Main Points.

"We are adjusting the individual well flowrates and pressures to optimise production through the new facilities. It can take time for this to take effect. We have not seen any change in water production, however we have had some temporary performance issues with the gas compressors on site which have necessitated shut downs for maintenance. Both compressors are currently functioning."

"the feasibility of bringing the field (Brockham) back on production in the first part of 2024 and will advise the market when we have decided. At that time we will provide a forecast of expected production in 2024."

Regard Debt "Clearly equitising the £3 million bridge facility has improved the terms of the debt we are seeking and allows us more latitude in determining the final amount we are seeking."

Investor questions due on Friday. We often get an RNS with good news before the answers appear.

I have asked the question on the Investor questions - Why has the output dropped since the install of the permanent Flow Line?

Nearly end of month so hopefully an answer on Friday.

Saltfleetby Sub Terminal - on the up again!

2,191,111 EOD (kWh)

0.192 System Entry Volume, EOD (mscm)

41.31 System Entry CV (MJ/scm)

Hits you say "Earning £6 million a quarter... not really!"

Have you forgot to read the October Operations update.

" Production for the Quarter was 7.9 mm thermsup

Estimated revenues of £6.3m for the Quarter"

Angus have been very cheap at the .6p price. Now looks to be climbing with a one month high.

Is it gradually dawning that we are earning £6 million a quarter and the Hedge is slowly winding down?

Directors unfazed by Portugal government turmoil!

"Savannah, the resource development company focused on becoming Europe’s most significant producer of spodumene lithium concentrate from its Barroso Lithium Project in Portugal, has been informed that, on 17 November 2023 the Company Directors and Executives listed below made the following purchases of Ordinary Shares of £0.01 each in the Company:

Mr Matthew King, Chairman, acquired a total of 166,667 Shares at a price of 2.444 pence per Share, totaling £4,073.34;

Mr. Emanuel Proença, Chief Executive Officer, acquired a total of 200,000 Shares at an average price of 2.43835 pence per Share, totaling £4,876.70; and

Mr James Leahy, Non-Executive Director, acquired a total of 210,000 Shares at a price of 2.428 pence per Share, totaling £5,098.80.

Additionally, other members of Savannah’s Portuguese and HQ Team acquired 545,269 Shares on the 17 November 2023 for an aggregate consideration of £13,160."

Stop panicking WG818. Read the latest Investor Q&A's.

"So the refinance is a smaller ask and an easier proposition. At this moment in time we have every reason to remain very confident that we will be able to present to shareholders a refinance proposition for all of the remaining debt, at least in principle, before year end and at any rate before the other £6m bridging facility matures in late January."

No need to panic if Kemexon Ltd want to takeover the company they will have to pay a significant premium.

Kemexon Ltd 23.68%

Forum Energy Services Limited 9.07%

Knowe Properties 5.84%

Aleph Fin C Limited 3.73%

They also decalre "The total percentage of shares not in public hands is 32.63% defined as being beneficial holdings of shares held by shareholders holding above 10% and the directors holdings."

So all other (PI's, directors etc) own 57.68%. With current income, the wind down of the hedge (18 months) and storage potential it's doubtful anyone would accept less than 5p.

Wildtiger - it would be really useful if you could go into details ;-)

Following the heard is never a good idea. This was always a long term investment, nothing has changed in the company fundamentals. The price will recover next week.

Worth noting Barrenjoey where the advisors to Albemarle in the recent Liontown Resources takeover (bid was increased three times before it was agreed, 30%).

"pleased to share positive progress on the 'Strategic Partnering Process' (the 'Process')"

"Due to the high number of positive responses received from a wide range of groups, Savannah has now appointed Barclays and Barrenjoey as joint financial advisers"

"With drilling back underway at the Project"

All looking good, my advice is go with a large known lithium producer or user. No newcomers ;-)

More likely Joint Venture, M&A transactions and strategic investments!

Savannah are relatively cash rich at this moment in time and will only need money for the mine build, which is likely to come from an investor.

Following the research note (see below) Sprott Capital Partners have been appointed as a broker alongside SP Angel. This most likely to do with fund raising as that is their specialist field.

"Since its formation in 2017, Sprott Capital Partners has raised more than $5.3 billion of capital for mining sector clients and advised on almost $2 billion of M&A transactions and strategic investments. In 2022, Sprott Capital Partners ranked as the 4th largest underwriter in sub-$100 million mining public offerings and private placements."

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/231025-scp-savannah-initiation.pdf

Yes, they have been waiting for approval of the EIA approval before spending money on more drilling. I am sure they are after (and will achieve) a JORC of 50mt. This will then be the incentive for some very big players to look at Savannah from either take over or Joint venture.

Rule of origin tariffs of 10% starts from January 1 2024 - at least 45% of an EV's value needs to originate in the UK or EU to avoid the hike, Batteries commonly sourced from overseas meaning EVs get stung by the rules.

https://www.thisismoney.co.uk/money/electriccars/article-12643405/EVs-3400-expensive-rule-origin-post-Brexit-trade-rules.html