SVG 17.2% 2.4¢ savannah goldfields limited

Aw Gawd, last one out pls turn off da light, page-19

  1. 745 Posts.
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    Hi drifa, if you've invested here and are making a loss ... then I know that feeling with other stocks and sympathise. I'm break even with LNY. Took a lot out of LNY to invest with DCN and WWI that both crashed (please go over and check out the SH pain there - underground deposts and high AISCs).
    For me +vs outweigh -vs but not by much (10+ and

    Positives with LNY to avoid too much gloom.
    1) Good grades g/t and open pit (so lower AISC cost)
    2) Positive exploration and JORC upside with multi-spectral and prediction of IRGS style resource
    3) Building regional plant clos(ish) to plant and as a regional processing hub
    4) stockpiled ore from previous mining campaign
    5) experienced director, geologist, and stable/loyal SH base
    6) dry season
    7) active mining at Agate Creek
    8) low SP relative to resource size and grades --- ?undervalued (IF they can access, transport and process the ore) Low SP relative to peak
    9) tin holdings with ANW (including in Germany) +++
    10) NZ deposit ready to drill with last finding 521g/t
    and high GP historically in an unstable world with diminishing limited supply of large world Au deposits, increase Au demand and ?past peak production

    And some negatives to remain cautious of
    1) low JORC - unless they convert exploration
    2) lead time for environmental approval to open up mining area.
    3) cash-flow negative until they can produce
    4) lots of ifs .... if plant is refurbished, if it processes
    5) unpredictable weather and road closure risk
    6) not a good track record with processing plants
    7) debt as you mentioned
    8) very gradual SP rise (not too exciting) over last 5 years, and looking to dip a bit more ? to 0.5c or 0.4c.
    and volatility in gold price.
    https://hotcopper.com.au/data/attachments/4344/4344745-33273fa3412b1123522bfbb8c6010c30.jpg
    Laneway SP after 5 years.

 
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Last
2.4¢
Change
-0.005(17.2%)
Mkt cap ! $6.746M
Open High Low Value Volume
2.4¢ 2.4¢ 2.4¢ $320 13.33K

Buyers (Bids)

No. Vol. Price($)
1 7284 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 232914 2
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Last trade - 11.17am 16/08/2024 (20 minute delay) ?
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