Member Info for tony_currie

Guys the current valuation by SPAngel is $415m (£313m). They admit this is conservative due to spodumene price used and valuation being prior to EIA.

"We adjusted our SAV valuation for the transaction replacing risk adjusted Mutamba NPV with $9.5 in cash while applying higher long term spodumene prices to the Mina do Barroso NPV ($1,000/t vs 2018 Scoping Study Base Case price of $685/t SC6 CFR China). At $1,000/t SC6 price, MdB NPV8% (post tax) comes in at $691m that on a risk adjusted basis (0.6x multiple) translates into $415m (17.5p/sh contribution) yielding 17.9p updated target price. Although that may still prove to be conservative given the tightness in the spodumene market as implied by unprecedented spot market prices."

Great find buffetapprentice , this article has some of the most significant news!

“Portugal is well positioned for this scenario. We have the best lithium reserves on the continent and Galp is already in discussions for a contract to purchase a mine (Barroso, in Boticas) here in Portugal,” said Andy Brown (Galp CEO).

Apologies forgot to post the link -

https://*********************/companies/uk/industrial-metals-nonferrous/savannah-resources-plc/research/finncap/savannah-resources-us-9-5m-received-for-mutamba/8_31977/b445cbcf-9838-4403-b419-8ed2e9eaaa22

FinnCap give an update on the Moz sale.

"Given Barroso’s importance and capital requirements over the coming months, we view this as very good news. It allows management to dedicate all its time to Barroso and reduces future SAV equity dilution. Despite the strong lithium price and exceptional performance of ASX and TSX lithium stocks, UK investors are yet to properly commit to the lithium theme or indeed the junior mining sector. This makes the $9.5m even more valuable to the company and existing shareholders. "

"Outlook and Barroso’s huge value-potential: Once the Environmental Impact Declaration has been announced, we will update our valuation to better reflect the lithium price environment and positive outlook. This will undoubtedly have a very significant effect on our TP. - For example, using a US$1300/t average SC6 price, our model values Barroso at over US$950m (NPV5). It produces over US$1.5b in cash and generates US$400m in corporate tax for Portugal. - Our current Barroso model (pre risk discounts) has an NPV5 of US$285m, based on US$630/t of SC6."

Not a bad price for Moz 9.5 million. Should help future funding of lithium project

The good news on this is all major shareholders and some directors (including Bert) have increased their holding at 10p.

Shows a lot of confidence in the company delivering a great return to all shareholders.

As stated previously the Portuguese election has little to do with the funding as the Portugal recovery and resilience(PRR) plan is going ahead.

"4 consortia were chosen from the 144 that applied for the mobilizing agendas under the Recovery and Resilience Plan. At issue is a total investment of EUR 9.78 billion, according to data published by IAPMEI." Fortunately Galp are one of these consortia.

DFS Late April early May - according to bert

Great interview from Bert but the price drops. Why?

1) Large spread
2) Low numbers traded
3) No imminent news
4) Impatient investors

Take your pick - just hold on until the DFS the price will the reflect the true value.

Highlights :

1) Maps show we are clearly between 2Moz mines - Cora target remains 1-2Moz
2) Found resource remains open in all directions (no gap between pit shells)
3) DFS due 1H2022
4) $25 million in place for mine development (Lionhead Capital)
5) Directors & Management own 53.29% of shares
6) Vastly Undervalued compared to peers (e.g. Robex Resources has MkCap of £250m)
7) Recent takeover activity in the area (e.g. Endeavour Mining $2.4bn acquisition of Teranga Gold)

New Presentation here ..

https://www.coragold.com/category/company-presentations/

LTH here since the days of Moz. The feeling then was that the credentials of David Archer were the reason to invest in this company. Okay there has been a change of direction into Lithium and a few mistakes on the way (Finland and Oman) but we are getting very closed now to seeing the real value of Savannah realised. Whether mining approval or the sale of Moz.

I am confident of big news before Christmas.

Look like MM's have been holding this big by back. Could be an ii?

16-Nov-21 08:16:22 12.25 400,000 Buy* 49.00k O
17-Nov-21 16:35:12 11.50 1,285 Sell* 147.78 UT

All a matter of patience. AIM investors all looking for a quick buck. The maths are very simple here if you are prepared to wait.

Take a very conservative US$1,700/oz X 800,000oz equals gross $1.3 billion. Now take off a hefty $300,000 for mine/extraction etc.

Leaves £744,335,000 revenue compared to £29,000,000 MkCap. This is 25 times current share price without further discoveries.

Damn, caught me out with a Tuesday RNS!

This statement is mightily impressive "Exploration Target of up to 2 Moz potential within 100 m of surface at Sanankoro" (that's just Sanankoro!)

So it is looking like a sale of WK and MT which ACF valued at 98p to 109p.

Then we have EUA 2. Which ACF stated "Rosgeo JV 104 Moz is excluded from our DCF valuation range analysis in this note"

So it is looking like a sale of WK and MT which ACF valued at 98p to 109p.

Then we have EUA 2. Which ACF stated "Rosgeo JV 104 Moz is excluded from our DCF valuation range analysis in this note"

lots of buying last 10 minutes up 5.5% - news incoming?

Tomorrow will be exactly three weeks since this teaser was posted in the last RNS.

"The next steps for the Company is the delivery of an updated MRE over the coming weeks."

Looks like the sell that's been holding the share back appeared. MM's been filling this sell on low volume, now ready for leg back up now.

09-Nov-21 08:00:08 11.339 17,567 Sell* 1,992 O
05-Nov-21 08:20:25 10.50 300,000 Sell* 31.50k O
08-Nov-21 16:15:28 11.1001 29,058 Sell* 3,225 O