Ann: Corporate Update, page-19

First 19 Last

Share
Profile

Follow
Rhazzle

1,224 Posts.

416

25/03/22

12:08

Post #: 60421503
Share

Originally posted by towie: ↑

Hi I feel that we will see a lot more initiatives and good stories drilling results and expanding the plant.I think that to talk of further capital raiseings at this stage is just trying to pre empt something that will not be needed. By my rough guestimates we have in excess of 1 Billion dollars value of gold in the ground and all of that is very high grades.That money will pay for any further expansion that I expect to be needed. Yes this 40/1 consolidation will wipe out a lot of small shareholders who will not be able to increase their holdings to a marketable parcel because their will not be many shares available in the small shortfall. After this consolidation the company will have to mopup all these small parcels. Yes and then we will be looking at a very tightley held share registrar and with our very small Market Cap ( under 30 million I think ) compared to gold in the ground and future success we will all be looking at a Takeover at a very rewarding price for those who have been long term holders.. Yes I have been doing some deep work with my Crystal Ball Cheers Towie DYOR

Expand

Lets hope the takeover is well into the future as sure we have some real proven value now; but we have so many opportunities to easily monetise to increase the value of the company further. Under Brad Gordon I can see huge gains happening for Savannah over the next 18 months.

From a minnow to a whale in 2 to 3 years I would predict.
Love the idea of only 140m very tightly held shares with SB having 28% skin in the game.

Last edited by Rhazzle: 25/03/22

LNY Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint