SVG 0.00% 3.6¢ savannah goldfields limited

Ann: Outstanding High Grade Gold Drilling Results, page-207

  1. 22,424 Posts.
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    IMO, ASIC must have had a chat with LNY about disclosure; that's why, IMO, it has announced the next announcement for mid June.
    By then it will know what lollies in the till , which , IMO, is $ sensitive. Others including LNY employees & Maroon employees will know this
    also which puts them in an advantageous trading position; that's why I believe LNY will announce revenue to date in mid June.
    My guess is revenue to date mid June should be about $2.5 mil and $500K of that going to Maroon to repay the loan, IMO.
    This could well double, again IMO, to June 30th because of the unrefined dore in the system.
    The dore produced up to 3 weeks ago: 150 kgs of which 112 K is likely AU.
    At 10 G/T this would pan out for LNY at:

    15000 x 6.5/31 x 0.75 X 0.6 x$1830 = $2.59 mil

    If the mill operates 24/7 from 20th May to 30th June @ 20 t/p/h & a grade of 10 g/t we should get an additional 19,200 ton or an LNY share of
    $3,3 mil. Even if there is unrefined dore in the system come 30th June, this should appear on the balance sheet as $inventory, IMO.
 
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