SVG 0.00% 2.2¢ savannah goldfields limited

Ann: Presentation to Noosa Mining Conference, page-88

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  1. 1,224 Posts.
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    Well it looks like the the barrage of negative posts from a vocal minority has probably contributed in pushing the price further down for the LTH and mums and dads. Are the ones saying they are trying to protect the mums and dads happy?! And they blame Stephen Bizzell and management!!?? Give me a break.
    It is obvious some well meaning posters are clearly being encouraged and used by volatility traders to downramp, to help them profit at our expense.

    Sure there have been management problems in the past, but as I see it there is a new reality that has evolved with LNY.
    It took us a while to get there but we didn't need to sell the farm to do it and we can now claim the following as fact and it can't be denied -

    100% ownership of the Agate Creek gold mine
    LNY is mining gold right now
    Gold bars being poured now
    Cash positive with strong cash flow from sales of gold with (more) money in bank before Xmas
    No dilution of shares needed to grow the company.
    A proven gold reserve of JORC 470,000 ozs of gold worth $1,200 million dollars at current prices.
    LNY is about to purchase a gold processing plant
    More drilling is underway at Agate Creek with 60 prospective sites targeted for drilling in 2021
    A possible bonus if NZ gold leases prove up with drilling planned for 2021.

    IMO it is a great position to be in.
    Why would anyone want to sell!!
    And the shares are still ridiculously cheap.
 
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