Member Info for DueDiligence

I have a similar holding to Nevermined and totally agree with your comments. Whilst I still believe SAVE will successfully grow its business, it has consistently failed to communicate with shareholders in an appropriate manner since suspension. AK's attitude to business risk in terms of pursing firstly the Chad deal when it was known that the then Chad Government was hostile to the transaction and then to pursue South Sudan with all the risks that it entails, and again with a Government that didn't appear keen on SAVE acquiring the assets from Petronas. Far better to pursue a few projects that are not material such as 5k bopd add on's in Nigeria, that in turn would considerably improve cash flow.

Back in December JB advised that we should be selling upto 5000t of Manganese Ore a month from Lasisoro from January as part of our push for reoccurring revenue from producing mines. Hopefully we will get an RNS to confirm the actual amount of offtake sales to Fujax, which should help push the SP higher.

I have a lot of respect for JB and the work in building Marula but very disappointed in the share price which to me, is almost entirely due to the failure to deliver any revenue todate. Originally 2024 was meant to deliver sizeable revenue based on Bles buy not aware of any material sales despite various RNS's. We need a formal presentation outling revenue targets by mine, by month etc.

This is the 3rd JB company to be suspended due to failure to deliver the accounts on time. Whilst acknowledging the recent acquisitions have to be referenced in the accounts, there has been a complete failure to manage shareholder expectations here as clearly the delay in publishing the accounts was known about at the time of the last acquisition. Very poor and couldn't even prepare an error free RNS! A very disappointed shareholder.

Surprised the share price didn't move up based on the RNS and cash received etc.