Member Info for champagnecharlie

I'd have thought South Sudan is something of a poisoned chalice; an unattractive country to get involved in, and it's quite hard to see how acquiring assets there even at knockdown prices could be made to securely enhance SAVE's long-term reputation. (As PF points out: Sudan, as distinct from S Sudan, hasn't been on the table AFAIK.) On the footing that we are now travelling the Vitol-backed acquisition road, personally I'd much prefer Tunisia.

"Red herring" (draft SEC prospectus without numbers) for Innovative Eyewear, Lucyd's 84% owned operating subsidiary. Dated 13 Dec 2021. Makes interesting reading.
https://www.sec.gov/Archives/edgar/data/0001808377/000182912621016248/innovativeeyewear_s1.htm

I'm not a lawyer - all I'm suggesting is that leaking insider info might be running close to the wind. Hey ho, whatever. At all events, let's assume there is indeed a placing and that certain PIs have been invited to participate. For non-insiders only: you have until (maybe) 7am tomorrow to guess what the placing price might be. Any offers? I'd go for 30p, although I mused about even as low as 25p. At which price it should be a basement bargain.

Or to pass it on!

Agreed. There's a similar situation with RNSs that from time to time get emailed overnight to shareholders on the mailing list of the PLC concerned - they always come with a standard health warning, but what's the point, as there's nothing anyone could do with the information anyway while markets are closed? But notwithstanding that, it's the law as it stands.......

Whether or not JCEP him/herself participated, isn't the very assertion that there has even been an equity raise involving existing shareholders or the public (as distinct from e.g. Exxon or Vitol) getting uneasily close to a breach of the insider rules?

Seems not to be universally popular. Our social media friend posts this:
Agreement imposed by Esso-Chad on its employees. A document was signed under duress by the committee spokesperson on December 14 at around 7 p.m. at the MFPT office. This document emerged at 9am this morning in front of national television cameras where I had accompanied the spokesperson who had received the minister's invitation not knowing what awaited us there. The journalists were instructed not to interview us except for the Minister and the [film] director [it seems the protesters are making a documentary about the saga]. Fiction movie? No, reality in ???? [that's the Chad flag].

Are the assets themselves going to be acquired free of debt? We should know soon, but meanwhile I’d have thought it a bit risky to so assume.

I worry slightly that it could also mean that SAVE takes over responsibility for the fire damage - by which I mean that, if the insurers don't cough up (e.g. on grounds of negligence??), SAVE picks up the tab. Hopefully all will become clearer with the RNS.

komakino - thanks, could you give the link?

Zengas and others - Presumably it will be important for AK to get the local workforce onside - that is, those who were in dispute with Esso and then laid off - rather than rely long-term on imported labour. On that basis, it would be helpful to get their perspective on yesterday's news. Could you post any comments on FB, LinkedIn etc that you may find? Thanks.

TT - On your calculations, shouldn't that be £109m over *three* years rather than two (2022, 2023 and 2024)?

This paper is old (Jan 2020) but looks interesting. I'm not sure it has been picked up before, either here or on the other board: apologies if I'm mistaken.
https://library.fpinnovations.ca/media/FOP/TR2020N3.PDF

Thanks H. He's perfectly entitled to his views. But when he flings round insults, as you say, class is conspicuous by its absence and it simply gets boring.

CB - That's it. Enough of your offensive language. Filtered.

CB
Change the record. If you disagree with someone please don't **** them off, it's no skin off your nose to do it politely instead and it preserves the tone of the board for others.

Sorry IZ, crossed with yours

On the acquisition of Seven Energy, SAVE's shares were suspended on 8 June 2017 and the suspension was not lifted until 22 December 2017.

The current edition of the AIM rules is at https://docs.londonstockexchange.com/sites/default/files/documents/AIM%20Rules%20for%20Companies%20%2801012021%29_1.pdf. I can see nothing in them that stipulates that a suspension becomes a cancellation if not lifted within six months (and there must surely be a distinction anyway between "bad" and "good" reasons for suspension), but others' eyesight may be better than mine.

Collins Aerospace became its own identity in 2001 when it was spun off from original founding organisation, Collins Radio. ***Now employing over 68,000 employees***, Collins Aerospace has established itself as a leading provider in flight control and communications technology for the commercial and defense aviation industry.

Could you two stop the sniping? Please?