SVG 15.4% 1.5¢ savannah goldfields limited

Ann: AGM Dial In Details, page-19

  1. 256 Posts.
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    @Rhazzle It seems you got a totally different perspective by attending in person. Did you have offline discussions that didn't form part of the online presentation?

    I have added your comments from last years AGM below, Do youthink they fulfilled your expectations in 2021? Please don’t take this as apersonal attack. I am just trying to understand why you are so positive when noneof this actually happened? In fact now we are raising capital.


    For the respectful posters which fortunately are still thegreater majority. Iattended the AGM 2020 yesterday.

    Fortunately all the information that can bedivulged by the board at this point in time is in the presentation which youcan download.
    It is comprehensive. I recommend you don't skimread it. Note particularly the drilling planned, assay results in newprospective areas, and reference to the new technology. It is all there if youstudy it carefully.

    I believe we are fortunate to have Stephen Bizzellat the helm. He has a steady hand on the wheel and his vision remains solid,backed by vast financial, corporate and management experience.

    The meeting confirmed that we are still on track.Financially strong enough to pay our own way without capital raising to buildthe company further by

    1. raising our JORC reserves with extensive drilling in 2021
    2. using interim processing measures whilstplanning for construction of our own on-site processing plant
    3. moving closer to mining the 1 billion + provengold reserves

    I would just like to make a comment as to where Ibelieve we are up to.
    Some smaller shareholders, were expecting fasterprogress, earlier results and a higher share price. Hence some disgruntledcomments on this forum. These shares are definitely not for mum and dad or getrich quick investors.
    Larger LTHs know it takes time 'to build Rome' andthey will continue to accumulate the discarded shares of those who can't go thedistance.

    But right now I believe we have the foundations inplace and have started the building process.
    IMO as a result the SP will remain in the nearfuture at good buy in levels which are well below the real value of the company.
    Over the next couple of years I see an exponentialrise in asset value now 'the ducks are all in a row, coupled with acorresponding share price increase.
    In summary IMO the near, medium to long termfuture looks excellent for LNY and I and my family will continue to accumulateshares.
    As usual DYOR and good luck to all shareholders.

 
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