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Countdown 8 days to go........................
Anyone Knocked on the Nomad door or IR recently........................ Seems like we are stranded on a deserted island.................
If anyone has contact details i.e preferably email address for Nomad or IR can you please share with me as I would like to contact them
TiL, I think LSE star out email addresses so I'll leave spaces which you will need to remove
IR: ir @ savannah-energy .com
Strand Hanson: All strand hanson emails are firstname lastname (no spaces) @ strandhanson .co .uk
Nomads are:
JamesSpinney
RitchieBalmer (this is the one who responded to Sunbed on ADVFN)
RobPatrick
For info this was the post from Sunbed re: the chat with Ritchie
Following my posts this morning airing my concerns, I decided to call our NOMAD Strand Hanson. Late this afternoon I had a call back from Ritchie Balmer and it was a very good call. Whilst my source of original info is solid, I was reassured by Ritchie about where we’re currently at. Here are a few snippets:-
Ritchie has been active on this transaction since before it was announced to us in December 2024 and is very close to the detail as things currently stand.
An extension to the 6 month rule was granted until 28th July based on the demonstrable progress that has been achieved with the deal and a clear line of sight to proposed completion date.
Strand are not working up any alternative paths should 28th July not be hit. This led me to believe that they believe that the date should be hit for completion.
I asked about any main differences re this deal coming back to market and the Exonn. Chad deal. He mentioned a very big difference was that Chad deal was announced on the deemed consent rule, whereby pre-emption rights were not exercised within the time window so SAVE proceeded and announced based on deemed consent. I think this will play a very big part in our favour with regard to the ICC ruling. However, the SS deal does not have any deemed consent element. The SS deal has many strands which need to complete but this deal required Explicit Consent from the SS Government which is being worked on!
He clearly stated tha the final part of the deal needed before its 100% complete is shareholder approval with a vote to take place 2.55 to 3 weeks after the admission document.
I asked about economic interest date and he could not be certain of it as was doing from memory but mentioned that he thought it could be 1st January 2022.
All in all he seemed very relaxed with the situation and extension and as we all know but he also stated, that these types of extension are not uncommon.
Finally as the Explicit Government sign off is a key part of the deal, I’m certain from what he said that we can not issue an Admission Document until SS Government sign-off is in place. The only thing left to do once the document is issued will be to get shareholder approval which we all know is a foregone conclusion.
TIL - see RockyRide’s post 14 July with quote from IR:-
From: RockyRide
RE: Observation on timings14 Jul 2023 12:27
Spooky - Just got a reply from IR and not Camarco. Adding to the reply below, I did not hear the 28th July mentioned one single time at the AGM but I did hear Q3 mentioned a few times. Looks like they are sticking to Q3 but that does not necessarily mean it will go past 28th July. However, if it does pass that date I wonder if they will be obliged to issue another RNS as they have definitely published the date of 28th July in other correspondence. Wish they would stick to one set of timeline guidance and use the same words in all correspondence to us.
“As per Andrew’s letter to shareholders in the 2022 Annual Report, page 19, we are guiding that the transaction is expected to complete in the third quarter of 2023, alongside the publication of a new Admission Document.”
Thanks Komakino, I will fire off a few emails and will let people know if I receive some replies, in the meantime if any of you hear back ahead of me and have emailed please let the board know, much appreciated.........
In the meantime I am taking silence as good sign hopefully meaning that they are working tirelessly to achieve the 28th July, and worst case scenario being an extension of 1 or 2 weeks at max.......
I was of the view that 28 July was do-or-die: less so now, though.
I think I should probably just relax until there's a meaningful update.
In the meantime, if anyone knows where I can buy McVities Rich Tea biscuits in Bangkok, please let me know.
"In the meantime, if anyone knows where I can buy McVities Rich Tea biscuits in Bangkok, please let me know."
Stupid poser.
If you're that desperate for them, why didn't you take a packet with you?
Good point, OAW. Thanks.