UK 09:44 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
David Archer, chief executive officer and 10% shareholder of unloved Savannah Resources (SAV), is keenly awaiting detailed results of airborne electromagnetic surveying of part of the company’s potentially high-grade copper and gold prospects in the Gulf sultanate of Oman. AIM-quoted Savannah, whose shares have fallen during the past 12 months from a high of 6.13p to 1.95p, says it expects results from this VTEM (Virtual Time Domain Electromagnetic) survey later this month and will use the data to identify copper anomalies and drill targets in Block 4 of its prospects in the region’s historically copper-rich Semail Ophiolite (oceanic) belt, as part of its drive to become ‘a mid-sized producer in late 2017’.
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