Member Info for borrowfundsfrommummy

Nice 👍 hangs2left . MCAP very low at the moment.

I have been looking at distributors. https://spiritly.com/search?q=Blackwood These stock the whole range of Distil drinks

Red leg Tropical and Red Leg spiced rum in my local Tesco superstore along with Blavod black vodka. Morrisons also selling Red Leg again in larger store

Blackwood Gin seems to be niche sellers online and bigger drinks suppliers to the industry such as Drinks Warehouse, Matthew Clark etc only seem to have Red Leg Rum.

Costs surely on production of Blackwood Gin now all at Ardgowan should be reduced and the Whiskey stills are in place. A decent Whiskey product will do wonders.

A much needed decent Trading Update will help things improve

The 0.125 are buys as it was 0.12 to sell a small amount all day. Seems like SP dropped for unload and load up below 0.13 again. Wonder if big holders swapping around as it dropped all the way down to 0.12p on a tiny manipulation sell… awaiting January here for the Trading Update but someone surely doesn’t want to pay over 0.13 for their shares

New year low of 0.12p hit. Better be some good news coming in the New Year

Think there will be a joint working group between WCAT, Nilepet and Savannah for the Petronas site imo to get it up and running again .

Well can sell in bulk and will wait and see what comes out. No denying that something brewing with Nilepet and Savannah

Well no much info in that RNS . Awaiting next newsletter I suppose fry or any update with Nilepet

Looks like a deal incoming from those pictures. Perhaps an early XMAS present to be announced

Beginning to look very interesting

On the issue of the non-availability of currency in the banks, I am sure you are aware of it, whenever you take your share to any of your banks and you want to draw anything from it you are told there is no liquidity. This is another problem that is facing us now and this is brought about by the behavior of the South Sudanese and the business community,” he said. “People have lost confidence in the banks and as such they tend to hoard their money in their houses and their shops and as such it becomes difficult. In addition to that, people are longing to buy the dollar at any rate in the black market.

Plans are underway to address all this so that the currency is available and they have already started and I think that issue of the lack of liquidity will be addressed soon.”

Makuei also revealed that the finance minister directed by cabinet to go and harmonize two key road projects as there has been some confusion surrounding the 300 km Kapoeta-Torit Road and the Yei-Bangalo-Amadi Road which is 270 km and estimated to cost around USD 1.65 billion.

“After deliberation, it was clear that there is some confusion in the roads because there are some roads which are already taken over by the World Bank and are under construction,” he explained. “They have been repeated by the roads ministry which had its own plan which was presented earlier to the ministry of finance but they did not thereafter coordinate with the finance ministry and the finance minister had to make a presentation.”

“Meanwhile the Ministry of Roads had already changed its program so the whole thing was returned, so, it was decided that the Ministry of Finance and the Ministry of Roads and Bridges should go and harmonize and bring in a document,” Makuei added.

From WCAT twitter

December 13, 2024 JUBA CITY

South Sudan`s Council of Ministers on Friday unveiled a plan to construct a new oil refinery valued at USD 3 billion in Tharjiath in the oil-producing Unity State.

Addressing reporters shortly after the cabinet meeting chaired by President Salva Kiir in Juba, Information Minister Michael Makuei Lueth said there is already an existing oil refinery in Tharjiath but its capacity is small and lacks the road connectivity to transport products to the market. He added the new refinery will cater to the fuel needs of the country.

“As you know very well, there is already a refinery there but it is small, it is not serving that much so there is a proposal for the construction of a new refinery and that new refinery will be valued at the sum of 3 billion dollars and this will be owned by 30 percent Nilepet and 70 percent another company called Quad Layer Holdings,” he revealed.

He said Quad Layer Holdings will also construct roads to the refinery to ensure that the fuel products reach the market.

According to Makuei, the contracted company p will finance the entire project through a public-private partnership and will be paid after the refinery starts production. He noted after approval of the project by the government, it will be followed by feasibility studies that will also include the capacity of the refinery then the contract between the principles will be signed.

South Sudan, a leading oil-producing country in East Africa, imports fuel from the port of Mombasa in Kenya.

Minister Makuei also revealed that the finance ministry will start paying one month’s salary arrears to civil servants with effect from next Monday. He said the finance minister suggested some measures to control unnecessary expenditure.

“By unnecessary expenditure I meant going on missions which are not necessary, going on medical referrals abroad which are not necessary yet our hospitals here are the best now here in the region and so many other expenses which are uncalled for,” he said. “So, we need to improve on this, transcend them, make proper control, and ensure domestic revenue mobilization. We have to increase the mobilization of revenue, non-oil revenue especially because we have a lot of problems with the oil and up to this moment we have not yet started [pumping].”

“Another issue which is of concern is the withdrawal of Petronas and its shares have not yet been sold up to now but the processes are underway and this could not happen because there is a case pending between Petronas and other partners on the shares in the oil sector, so that case is still pending and it is not addressed and as soon as it is addressed then the issue of Petronas may be resolved,” Makuei added.

The minister said another challenge facing the economy is the shortage of the South Sudanese Pounds because people are hoarding money in their houses because they have lost trust in the banking system and it has

Well it’s gone NT to buy over £300 so might see it motor again soon

0.17 late afternoon rise perhaps

Main bit

On December 3, 2024, Savannah Energy announced its work on an “alternative transaction structure” with partners. This new approach reflects the company’s ability to adapt to sector challenges and address competing regional interests. The company remains confident that a successful deal will benefit all involved.

“We believe this transaction will be accretive for the company,” said a spokesperson. Savannah Energy plans to share a detailed update on the negotiations by mid-December or the end of the year, hinting at potential progress.

Wildcat Petroleum, a key player in the ongoing talks, may play a significant role. In September 2024, Wildcat signed a six-month collaboration agreement with Nilepet, strengthening its ties with South Sudan’s oil sector. While the exact details remain undisclosed, Wildcat’s involvement increases the likelihood of a multi-party deal to finalise the acquisition.

Https://theelectricityhub.com/savannah-energy-renews-push-for-south-sudan-oil-deal/

If no improvement next trading update then perhaps time for a forced change. I am still intrigued by some of the major holders taking positions here but surely they will not be happy with no improvements on their investments around the 0.13p area. 10% holder can call for EGM but not sure if that’s only individual holders or a combination of holders as never felt needed to be involved in one.

Having worked in the drinks industry, I have had weekly visits from market reps hounding you for their products to be sold. Again this needs looking into if our market reps are not doing their job

Yes it was a sell as yesterday couldn’t sell a bean but today we can. All to be revealed in trading update I feel but perhaps it’s time to demand rather than accept

Back to flat 0.16p paid… Savannah is the interesting asset…

Can sell in bulk now … fingers crossed Santa will deliver some Xmas news here

Added some too. Have a feeling some much needed decent news by XMAS

Interesting to see what comes out of the AGM. Save news perhaps

Think Friday AGM there will be interesting…. Awaiting the whiskey distillery news on DISTIL. Job advert ends tomorrow and hopefully can do a nice new year turnaround there