Member Info for Diversified

Munchbox, I disagree. Even when taking into consideretion the full value of the placing do you not think these assets are being purchased at a distressed asset valuation? See the company broker note from the other day, it provided an indication as to how the market values it’s peers. I am sorry but a market value of £134m @15p, I don’t buy it ;-)

As Zengas said earlier today, the Niger prospects are not a one well winner takes all affair, we have over 100 prospects which cost c.$3.5m to drill, each. The risk reward is and has always been compelling, it’s the reason most of us are here, a duster is not the end of the world but a discovery is the start of something special. And before I get criticised for being bullish about SAVP, why do you think I’m a shareholder, I liked the company assets 8 months ago and still like them now. Yes the upside potential is diluted due to the RTO, but I had no intention of being 100% invested in SAVP prior to drilling results but now I can stay 100% exposed knowing the company valuation is solidly underpinned. Don’t get me wrong a placing at a premium would of been nice compared to my average price of 41p, but it all depends on your investment time horizon. It’s not all doom and gloom.

They are assuming that on a duster in Niger that the market cap of the company would fall c.£170m to 15p. Based on the market value of the company on suspension, if you discounted these assets completely and were left with SE assets alone the market value would still be 25p in its simplest terms.

Right off*

To write of the Agadem assets entirely the share price would still be 25p, now doesn’t 25p (£213m mkt.cap.) sound cheap for a company that makes £60m a year free cashflow.

So ADUK, at 15p the market cap would be £134m. Based on cash in bank, reserves, infrastructure, prospects. Do you really think that is a sensible price? I think I would sell every last asset I have to buy these shares if it got that low. It is my opinion that the placing price will underpin the valuation of SAVP due to the distressed asset valuation that is already applied to the newly aquired assets.

They need there PI’s more now than ever. Juste - your right, it’s another open ended RNS but the bookbuild from last week should act as a good gauge to get this one through. With the placing proof admission and final aim admission document coming in short order on the basis of an assumed successful book build. It really would be bad if they failed on the second attempt.

This is a joke, due diligence my arse. Having said that the assets we are acquiring are still the same assets that will generate a positive cash flow and include significant reserves and upside potential. I share people’s views on a dividend, would prefer to keep the money in the bank. After all these shenanigans my target price for exit has been revised down considerably due to additional dilution, however, fact remains the assets are exciting and I still can’t think of a stock that offers similar potential returns on a risk v return basis for 2018. Rather in than out, base on a market cap of £313m a Niger discovery and a succesful marginal field bid will go along way in forgetting this frustrating period for SAVP shareholders, throw in the SAA and all is not lost. I look forward to seeing what the admisson document has to offer (CPR, etc) and when drilling is due to commence in Niger. Chin up guys, everything is gonna be alright, it’s a mistake to trade on emotion :-)

Jim, Pijoe. I have said all I want to say.. Dare I be positive regarding the prospects of this company only to be drowned out by your posting and being accused of being a paid poster. If you guys were paid per post then it would explain your recent activity. Rediculous, and all I have to say on the topic until we get an official update. This b board has been f...kin ruined by you guys. Well done.

Yesterday approx 50% of the 150 odd posts were from three posters, Pijoe/Jim88/aduk. All saying the same thing over and over again, if this isn't stock bashing I don’t know what is. Now low and behold, here we go again. Let’s wait for the RNS now, its getting very boring.

When considering the Strategic alliance with additional funds available at a later date. I wonder if they are trying to do similar deals with others with the SAA in mind. It’s only a thought. I am gobsmacked we haven’t had any update from the company today to at least tell us what the delay is.

About this and the company now know exactly how I feel. However, I still remain patient and await a RNS, and will remain confident in the companies prospects until an update tells me otherwise. Investor communication could of been better from the start, their is no denying that. GL all, some have been showing their true colours over the course of the last couple of days that’s for sure.

Jim, agreed, it’s time for AK to deliver and I believe he is doing just that. Time will tell.

Aduk, yes I am a very smug SAVP shareholder, my research has paid off imo. It pays to know your investment inside and out. I didn’t mean to touch a nerve, all the best with your money when this relists. I’d love to know your next investment and what that can offer you that SAVP can’t.

I accept the fact that until we have a firm update from the company, anything could happen. Having said that the company have said that they expected to announce the raise price ‘AROUND’ the 18th and ‘EXPECTED’ readmission of the shares tomorrow. For the admission document to be released it needs to be approved by the UKLA, and since the announcement of a strategic partnership the document needs to be amended to reflect this. If the II’s are to base an investment on an admission document they must reserve the right to reconsider their offer given the change in circumstances, thus leading to a delay in announcing the raise price. I think that it is extremely strange for the company to introduce additional dilution at the ‘raise price’ for up to a 24 month period. Therefore the clout that our new partner must provide must be a massive endourcement of our future prospects, as per AK statement. This won’t be the last twist to the story that is developing here and what we are now blessed with is a significant pipeline of news flow. I understand it is frustrating for those who want to hurry up and sell the stock but I think the majority here can see the bigger picture and are happy to hold or buy more. My frustration with the derampers is that you never provide a balanced view and every RNS update is seen as a negative. Know one wins tomorrow if the share readmission is delayed, and ‘I told you so’ will only serve to deliberately cause confrontation. This is what makes me question an individuals agenda, a deliberate ploy to disrupt a useful discussion board is of no benefit to anyone, or is it!?! Regardless, Good luck tomorrow everyone ;-)

An interesting BB tomorrow, why because the redundant or overcommitted investors become worried as they need some Christmas money! As a long term investor, why would a couple of days make a difference? If the placing comes back as oversubscribed, is this a massive positive aduk, or still a negative?

But this is now starting to gain traction: https://www.globalcapital.com/article/b1638r9ksbdy4d/savannah-attracts-islamic-fund-to-nigeria-expansion

I assume that video was recorded yesterday as malcy seems to think the shares will start trading ‘the day after tomorrow’?

Thank you

Juste, could it be for the marginal field bidding in the new year and subsequent development. Look forward to seeing the admission document non the less.