scruffee
16 May 2016
Re: Excited Nicely under the radar ............. Accumulate at these prices Small rises much better ........ Best Wishes.x
Los Olivos
16 May 2016
Re: Excited Thank you MP. Obviously that is was I was missing.Did not know this share then. Let's hope then, it gets back to and beyond the price you guys paid.L.O.
The MP
16 May 2016
Re: Excited More then likely because a lot of us got into this share at prices between 8p and 13p hence not excited yet....
Los Olivos
16 May 2016
Excited This board has never been one for discussion unlike many others but for no one to post when the share has risen so nicely over the last 2 weeks or so, I do not understand. Am I missing something ?L.O.
dickie3times
08 May 2016
Re: SAV through 3p ... .........and looks like holding.
scruffee
05 May 2016
SAV through 3p ... At Last .......................... Best Wishes.x
Ripley94
04 Mar 2016
Web tip Newman SP
dickie3times
22 Feb 2016
Apologies to my previous post...re-UKOG ....that was posted on here last night in error. I have just noticed that i had mistakenly posted on this bb and i have just got to my computer after work and noticed the error.
dickie3times
21 Feb 2016
UKOG holding back on flow test rates? There is much more to come and i wait eagerly for Nutech and Schlumberger to release their revised resource updates, which i believe will be scintillating. When first it was disclosed that there was possibly 100bb of oil in the Weald, EVERYONE, including myself was in awe, then the skeptics threw scorn on the validity of which was by all intents and purposes a major oil discovery.Envy and jealousy brought on the anti-fracking environmentalists. Newspapers backed them to the hilt throwing scorn on this discovery and trying to discredit David Lenigas!It is now looking as though Schlumberger and Nutech could be right after all, with high 40% sweet crude pumping under its own pressure, it has to my mind become completely amazing that the investing fraternity can't fully get their heads around this?In time many more well heads will be drilling to boost the recovery rates and the Government has already stated their immense interest and are prepared to back UKOG all the way. This is a British discovery and every effort will be afforded to maintain the surrounding countryside in its current pristine state!This is why UKOG and the other associated licences are treading very carefully and are just beginning to tap into the resource until more tankers are available to ferry the crude to the refineries.The natural gas pressures are said to be quite high which 'to me' confirms that the triassic and cretaceous formations over the last 200m years have laid down in Southern England a huge oil formation that could stretch as far reaching as the North Sea and the Channel into France. Geologists over the last 50 years have argued that an immense oil resource 'should' be present in Southern England. Why, if no one has really bothered to drill deep enough in the past, should we disbelieve them now?In remote regions where a huge discovery is made, many hundreds of barrels of oil are first wasted to the surrounding terrain, it doesn't matter, no one can hear the joy, no one cares?BUT, here in the lovely English countryside the activists are waiting to pounce. The anti-fracking brigade have at least had their main weapon reduced to an afterthought, but they'll be back. AND in the meantime UKOG will hold back on the flow rates. Already pipes are already being reported on the various sites...they don't do that for nothing.This could be as big if not bigger than the Shaikan albeit split over the various licences and why not, the sub-terrain structure of the Earth 6,000 meters down is much the same anywhere in the world?
dickie3times
10 Feb 2016
Making headway at last................ ......and still nobody posts? Yet LSE has constant postings !
dickie3times
20 Jan 2016
High-grade, low-cost copper 2017 Tuesday 19th, January 2016 / 20
2 Written by Samuel Kutty in BusinessMining focus: Drilling in seven holes to be finished this monthSamuel Kutty –MUSCAT –[link] 19: Savannah Resources Plc, which is engaged in drilling excavation projects in Blocks 4 and 5 in the Semail Ophiolite Belt in Oman, said it expects to achieve high-grade, low-cost copper concentrate production in late 2017 with additional gold upside.With its initial reverse circulation and drilling programmed in 16 holes for 1,766.85 metres having completed, Savannah received positive results at 4.86 per cent copper, 1.54 per cent zinc, 1.3g/t gold and 37.3g/t silver.Drilling in other seven holes is expected to be completed by the end of this month.The company said that it’s strategy is to achieve high-grade, low-cost copper concentrate production in late 2017 with additional gold upside.David Archer, Savannah’s Chief Executive Officer said: “We are very pleased to have completed our drilling programme. The results reported from the first part of the drilling programme have been very encouraging and point towards the expansion of the existing resource base of 1.5Mt at 2.1 per cent copper within our Block 4 and 5 projects”.“Importantly, the results also support our strategy of commencing high-grade, low cost copper production within 24 months, with additional gold upside opportunity”, he said, adding: “We look forward to updating the market on the results of the remaining 7 holes later this month”.Savannah has 65 per cent shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 licence and holds a 65 per cent interest in Al Fairuz Mining, the holder of the Block 5 licence.The projects, which have an indicated and inferred mineral resource of 1.7 metric tonnes with 2.2 per cent copper and high grade intercepts of up to 56.35m at 6.21 per cent Cu, with additional gold upside potential.According to the company, down dip and strike extensions of the high grade 5 per cent copper zone were targeted in Mahab 4, Block 5.Confirmation holes were made targeting the Dog’s Bone Zone of the Aarja deposit to confirm its presence as a precursor to a resource calculation in Block 4:Also in the same Block, resource expansion holes targeted at expanding the Dog’s Bone Resource to surface and evaluating it for a potential open pit mining opportunity.Savannah said that together with its Omani partners, the company aims to outline further mineral resources to provide the critical mass for a central operating plant to develop the deposits, and in December 2015 outlined exploration targets of between 10,700,000 and 29,250,000 tonnes grading between 1.4 per cent and 2.4 per cent copper.Savannah has interests in three copper blocks in the highly prospective Semail Ophiolite Belt in Oman, which is the world’s largest and best preserved thrust sheet of oceanic crust and upper mantle.
dickie3times
13 Dec 2015
RNS 9th Dec....Oman High Grades 9 December 2015 [link] Resources PlcHigh Grade Copper, Zinc and Gold Intersected Block 4 and 5, Semail Ophiolite Belt, Oman Savannah Resources plc (AIM: SAV) ('Savannah' or the 'Company') advises that it has received initial positive assay results intersecting high-grade copper, zinc and gold from the current 1,800m drill programme over Blocks 4 and 5 in Oman. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project and is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence. To view the press release with the illustrative maps and diagrams please use the following link: HIGHLIGHTS:· Results include (Table 1):- Dog's Bone: 9m at 4.86% copper, 1.54% zinc, 1.3g/t gold and 37.3g/t silver from 103m in 15B4RC003 Incl. 6m at 7.01% copper, 2.20% zinc, 1.9g/t gold and 53.8g/t silver from 103m- Mahab 4: 6.6m at 6.92% copper, 5.6% zinc, 0.3g/t gold and 23.8g/t silver from 67m in 15B5DD005· Results expanded the high-grade (>5% copper) portion of the Mahab 4 deposit with drilling targeting further expansions continuing· Work at the Dog's Bone Zone has confirmed the high-grade nature of the mineralisation and work is now underway to test extensions and compile a compliant mineral resource estimate· Dog's Bone Zone and much of the Aarja Deposit has existing underground access which would allow rapid development and exploitation· Work has been slowed by mechanical problems with the drill rigs - targeting the end of December to finish the drilling· Results help build on the strategy of targeting the start of high-grade, low cost copper concentrate production from late 2017 Savannah's CEO, David Archer said, "These exciting initial assay results confirm the high-grade nature of Aarja's copper mineralisation and, importantly, show that it is associated with significant gold with grades of up to 1.9g/t. Gold was not previously assayed for and these results suggest that it could be a very valuable by-product credit. "The Aarja Mine is a key piece of our overall copper consolidation strategy of targeting the start of high-grade, low cost copper concentrate production from late 2017 from multiple deposits on Blocks 4 & 5 to coincide with projected global copper deficits and strengthening copper prices. "Our next steps will include defining Exploration Targets for the Aarja, Bayda and Lasail Mines within the Block 4 and 5 areas and then moving these into JORC compliant Mineral Resources." read more[link]
dickie3times
15 Oct 2015
OMAN- Washihi Copper-Gold Project-HUGE courtesy - 'gmcc' on LSEAlara ! Prospectus available for viewing if you are interested ![link] letter : (interesting find - courtesy of Aussie poster - mowibble thanks ! ) “The Company’s Washihi Copper-Gold Project contains one of Oman’s largest JORC Copper deposits and is considered large enough to be developed as a stand-alone project, and may be further enhanced once the Exploration Target is fully developed. The Company’s joint venture partners in Oman and the local community are most keen to see the project advanced.“There is also potential for a regional consolidation strategy that would involve combining the Washihi ore body with other known copper deposits in Oman. The advantages of this approach include:------ It provides for the development of the original ‘Target Case’ without requiring further exploration work up front; • It allows for a new process plant Capex to be shared across two or more projects and therefore improves the overall returns for all shareholders; and • It opens up other opportunities (e.g. railway and other infrastructureoptions) which are not viable on smaller projects.”
dickie3times
11 Oct 2015
OMAN 'one stop shop to draw investors' (from LSE courtesy Sam45m)[link] shop'?cdid=A-34099588-11046Wednesday, October 07, 2015 112 AM ETOman's new mining body creates 'one-stop shop' for approvals to draw investorsRuth HeerIn an attempt to attract investors to Oman's mining sector, the country's recently established minerals exploration department has just finalized a new draft law that is awaiting official approval.Speaking at the MENA Mining Show in Dubai, Hussain Al Zubaidi, head of minerals exploration at the Ministry of Commerce & Industry in Oman, said the new entity had just completed a two-day workshop outlining and assessing an investor-friendly, sustainable approach to the mining sector.Since its establishment in September 2014, the body has been responsible for preparing a new government strategy for the mining sector."The existing law has a lot of elements that do not really attract new foreign investors or even existing investors," Al Zubaidi explained. "We have focused on points that encourage investments in the country."The new draft particularly addresses issues on licensing approval and duration. Al Zubaidi said the body tried to move away from complicated, cost-heavy and prolonged application processes for exploration and mining licenses and instead created a "one-stop shop" where investors could get all required sign-offs with just one application."This will help investors to get the go-ahead with just one application," he said. It will also include the "reservation of mining blocks" and getting clearance from the various ministries."We will give [investors] the area straight away," Al Zubaidi noted.However, the application approval will still depend on the added value of the project and its contribution to local communities and their development, he said.If approved, the law will also address the duration of licenses, which presently have to be renewed on an annual basis, but could soon only be due for renewal every five years."We try to help investors," explained Al Zubaidi. "We have also come up with a checklist for investors, so it is easier to understand the rules and regulations in Oman."Hopes are that these steps will also help expand investment activity into resources apart from copper, which has so far been at the heart of investor interest. "Now we are looking to attract [investors] to add value for manganese and laterite resources," Al Zubaidi said."We hope that by the end of next month, we will go for the new strategy and geological infrastructure in Oman," he added.However, it could be another year until the draft law takes effect.
dickie3times
09 Oct 2015
RNS & Update Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining7 October 2015Savannah Resources PlcCash Placing Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), advises that it has raised £225,500 cash (before expenses) through the placing ('Placing') of 13,264,706 new ordinary shares of 1.0p each ('Ordinary Shares') at a placing price of 1.7p per ordinary share ('Placing Shares') to three of its existing shareholders. Savannah's Chief Executive Officer, David Archer, said, "We are delighted with the continued commitment shown by these shareholders. The funds will be used to support a 1,500m diamond and reverse circulation drilling programme on a series of high priority, VMS and gold targets on Blocks 4 and 5 in Oman. We are drilling target types which, by their nature, generally exhibit higher grades which is the key characteristic for successful mine developments. "The drilling is designed to allow us both to define a maiden JORC Mineral Resource on Block 4 and to increase our high grade copper Mineral Resource on Block 5. "Drilling is expected to commence next week." Details of Placing The Placing will be in two tranches as follows: Tranche 1 - an amount of £125,500 for 7,382,353 Ordinary Shares at a price of 1.7p per share; Tranche 2 - an amount of £100,000 for 5,882,353 Ordinary Shares at a price of 1.7p per share. Application will be made for the Placing shares, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence as follows: Tranche 1 at 8.00 a.m. on 13 October 2015; and Tranche 2 at 8.00 a.m. on 4 November 2015. As a result of the Placing, the percentage holding of a significant shareholder will increase and the revised holdings are expected to be as follows: ShareholderHolding prior to the PlacingPercentage of Ordinary Shares prior to the PlacingNumber of Placing Shares subscribed forHolding following PlacingPercentage of Ordinary Shares following PlacingRémy Welschinger 11,425,5974.60%5,882,353 17,307,9506.61% Following Admission the total issued share capital will consist of 261,777,390 Ordinary Shares. As such the total number of voting rights in the Company will be 261,777,390 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules. The net proceeds of the Placing will be used by the Company to support drilling programmes in Oman as well as for general working capital purposes. **ENDS**
