The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
We will definitely be getting an update today, confirmed by IR. Although Save has agreed to this update, I get the feeling their arm has been twisted by the regulator.
Surely the question is, which year will SAVE quote again.
What is your guess guys ?
Should have said ‘next fortnight’. But I’m not terribly fussed when.
Moho: Won't make any difference whilst suspended. Though i expect positive news for some reason.
Ideally not after midday. Friday afternoon RNSs were always where you tried to slip out the cr*p news.
They have missed multiple promised deadlines over the years. But saying you're going to release news in a few months time and then not get anything, is somehow more acceptable/less weird (albeit still frustrating), than saying we'll update you next week, and then getting nothing.
Surely something will be/has to be released today?!
It would not be the first time that a set time limit is not being kept; in itself it is disrespectful - in my view, if you are not dead certain, just keep quiet.
Meanwhile, I am witht komakino, I am not holding my breath.
GLA
Moho, the main purpose of the RNS was to inform of the extension, not just to say there would be another one next week. Would be surprised if we didn't get one later today though.
It does seem daft taking the effort of issuing an RNS (and paying for it) just to tell the market you're going to be issuing an RNS, and then not release one, so expecting something today. I was always advised that these had to be down the wire for 7am
They'll have to put something out today as they flagged it last week.
It's becoming increasingly clear that the Mexican stand-off between management and the South Sudanese decision-makers continues.
Tier - I am expecting the update to be wrapped in with Q1 2024 update and that usual comes in the second week of April so I am not expecting any news this week even though that was the words used in the rns last week. Perhaps they will be able to push out the Q1 202 update on Friday but lets see.
Trust, how you’ve got all your info is beyond me! You’re definitely right up there among the top posters! Thank you so much! 16:30 today or 7:00 tomorrow? 16:30 tomorrow?
"I am interested to see what the first funded renewable project impact on the SP for savannah would be, that would be interesting to see."
Think much will depend how ESG fund managers look at our revenue mix, and if they get a more explicit go-ahead from regulators to hold fossil fuels. In Europe, where ESG investing rules are the world’s most far-reaching in scope, authorities are in the process of reviewing the framework they enforced in early 2021, and how to treat so-called brown assets will be a key focus.
Absent that, it will be just like any other project where investors look at the NPV of the project(s), but wont apply a green premium to the SP.
Certainly looks like a strong partner for savannah and big experience in closing a number of renewable deals towards financing, impressive credentials and I am sure the partnership would bode well for savannah. I am interested to see what the first funded renewable project impact on the SP for savannah would be, that would be interesting to see. As all the projects at the moment are still pretty much on scoping to study phases, but when savannah manages to land a renewable project which is either close to funding or funded that would be massive on the renewables front
https://www.rencore-energy.com/people-1
Says on their website that grant funding for the environmental studies was provided by
Proparco, the private sector subsidiary of the French Development Agency (AFD)
Looks like our next renewable partnership is in Mali and a wind farm 150 MW, with us partnering with another company called rencore energy.
Here is an interesting article on a potential investment by British companies in 🇲🇱 .
Rencore Energy and its partner Savannah Energy are British companies with considerable experience in the renewable energy sector.
https://x.com/uk_mali/status/1775457539347362299?s=46
https://www.rencore-energy.com/kayes-en
Dec 2022 suspended
RR if SS crosses the line and if and its a big if Gabon is the next deal i believe we would come back trading and AK will have sounded out the market to whether this would constitute another RTO or not as i am sure he would also want it back trading.
I expect another after hours RNS as opposed to 7.00am as he doesn't no need to provide to market pre open.
Would a Gabon deal be classed as an RTO (striaght into another back to back suspension) with SS success? And what is the definitive point of SS being classed by the stock market as done in order to have a far bigger market cap. Would it be at the point of AD being issued or on final Gov sign off post AD and shareholder vote, should that be the timeline?
W/O SS success I assume we would go back to back into another suspension if we were to take on the Gabon deal and who knows when trading would resume. I hope the NOMAD and stockmarket will call time on this roundabout at some point in the near future and enforce us to list again. I hope to see some context around this tomorrow, if SAVE keep their promise to update us during the course of the next week - which is by 7.00am in the morning!
TIL, Been thinking more about this and just maybe in this weeeks update not only will we get more detail on what i going on in Sudan but hopefully we will be updated on Nigeria and Niger comprehensively , possible insight into Chad (though i imagine the company line is still say nothing ).
Then for the icing on the cake is the Gabon deal where Vitol have been pressuring Gabon that they will lend them the money on the condition that Savannah partner 50/50 split on both borrowing and ownership with Vitol receiving the offtake. (Hopefully also get some discount from Carlyle if Vitol providing finance and not them having to do it themselves).
Who knows it may well just happen.
With CPF facility progressing and hopefully completing in the next few months alongside new gas contracts and increased volumes to gas power customers as well as commercial customers will significantly further enhance the value generated by the accugas business.
The Federal Government has increased the price of gas to generate power from $2.18 Metric per Million British Thermal Units (MMBtu) to $2.42 MMBtu.
Approx 10% by my reckoning
Interesting to see Nigeria has increased the baseline gas prices for gas supplied to power generation companies and gas supplied to commercial companies.
https://www.naijanews.com/2024/04/01/breaking-tinubu-govt-increases-gas-to-power-price/
Like the majority here I am a regular reader of all posts here, but post infrequently.
I am incredibly grateful for those posters who not only carry out their analysis and share it with us, but also those who contact the company, via IR, and share their views here too. Always very informative, within the confines of what the company is allowed to say.
Anyone is entitled to be in regular contact with IR, and the company are obliged to respond, and they will keep a log of all communications - and phone calls will be recorded. I have spoken to them in a couple of occasions for clarification on a few things.
For someone to suggest an individual (or “snide”) is gaining some sort of advantage is preposterous.
Stand up for yourself Smeddyo and report this chat board to the FCA if you think the company have been unethical. I know you will be proved very wrong.
Hope for good news in the next week or two.