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Savannah Resources; cracking deal with Rio Tinto – notes from the bullish conference call

By Ben Turney | Monday 22 June 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Unfortunately there were some technical issues with this morning’s bullish conference call from Savannah Resources (SAV). Fortunately, I was listening so am able to provide an update. CEO David Archer was in ebullient mood and there is little wonder why. This morning, Savannah surprised the market with news of an exciting joint venture in Mozambique with none other than mining behemoth Rio Tinto (RIO). The joyous response has seen the company’s share price rocket to 3.68p, up 77% on the day. This values the business at £8.37million and the ever-impressive Archer suggested there is more to come in a “very active year ahead”.


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