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The average price of all the placing is around 38 - 42p for most of the institutions. I still have it as a 5 bagger and 200p . The sooner they get cracking on in Niger and build on those reserves the better. At least this months presentation reiterates their core focus is on the low risk Sokor Alternances where they’ve already hit 5 out of 5 for roughly 50 mm bls accumulated.
Making X3 money in 5 years isn't bad investment IMO.
£1 in 5 years, that’s quite a bad investment, especially for those bought in at 28p or even 35p.
Why can't things progress quickly? Sure the Seven transaction was very long but since then we have made progress. Once the market sees FCF, Niger plans with possible farmout the price will improve at least 50p and have my own target of £1 in 5years. Whilst fears of recession loom large I think might bode well for us as majors will find it cheaper to buy companies than explore, or if not taken out Buybanks and dividends will then prove difficult for fund managers to ignore.
For me SAVP is being viewed through the prism of debt and geopolitical risk. My personal view is that the acquisition of Nigerian business on improved terms will... eventually prove a good bit of business. It will generate cash flow at decent margins with ample spare capacity in a growing country and economy which consume energy. It gives us the potential to develop Niger resources with a export route being built in a country that want to encourage investment. Thesw factors make the investment case compelling. Be patient
Evening all. Always enjoy the posts on this forum. I understand the despondency. However, I feel confident about the future. I've sat on a number of shares where I've seen drops of 50% only to see healthy returns from my original investment. String of news from Shell CEO carbon neutral pledge, UK potentially bringing forward banning fossil fuels cars, Total presentation having solar panels on its front and Tesla stock price reaching all time highs. I was driving back home and after a commute of an hour I saw 1 Tesla which reminded me to look past the noise. The market/investors and fund manager sees no future in fossil fuels at all right now. Some posters have helpfully listed % drops of followed companies. If you want to see decimation look at Alberta O and G industry it's worse. I can find a company with decent resources, a PE ratio 3 pays a monthly dividend amounting to 10%pa and trades significant below Book value and whose shares have lost >90 in 5 years and have multi TCF gas reserves. For those interested it's Peyto. I'm buying because the future is gas at least for next couple of decades. So why SAVP?