Member Info for Ginoir

Malcy not Malay, F-ing auto spell...

There is little I can add to what Roger Kennedy has said given that I know next to nothing about the detailed facts of the case which has been left for the current board to face up to despite them not having initiated it. Indeed, I know the CEO and CFO very well and I can say that they have worked all the hours that god gave since their appointment to clean up VOG in many areas.

Time will tell what will happen, if the work that they have done with RSM is meaningful then maybe a sensible settlement can be fashioned over the longer term and operationally the company will be able to survive and grow to everyone’s satisfaction, losing VOG at this stage will benefit no one.

Re: Taverham post, yes, I would hope a payment plan based on future revenue can be agreed, insolvency would unlikely get them their cash back. Not good news, but I still have some confidence in Roy and team after the past couple of years' efforts.

Back in here, with an eye on the 1Q update coming soon. Looking to make a quick buck again (have been in and out of SGZ a few times over the past couple of years) but happy to hold longer term if need be, the gold ain't going anywhere. I am not a Scot, nor particularly into Gold, but things seem to be moving in the right direction on all fronts here. But DYOR....

Low liquidity moving SP excessively (less than 1% of shares traded despite 2 x significant RNS) - don't panic, Captain Mainwaring...!

So ultimately it is hopefully not lost revenue, it may even be greater revenue for the same volume gas supply, but they have to discount it from a 2022 accounts perspective, as it is no longer guaranteed.

Yes, reading between the lines I guess that they were offered the contract extension at a price that they deemed unacceptably low in the current environment (nevermind where gas prices may be in 5 years!). Reserves are not infinite. Hopefully customer comes back to the table when no one else will supply them gas so cheaply as they want, or other customers will come to SDX with better prices.

Or could just be the market not appreciating the $6m revenue hit, albeit provisional/temporary. But I agree the disposal and the more realistic mcap value it indicates for South Disouq (nevermind SDX as a whole) is good news, this should rise substantially from here IMHO, as brokers and market commentators chip in as the day/week progresses. Happy to be holding anyway.

Interesting to see what happens now, assuming no RNS, as any PI who bought in the 3's may now be tempted to sell and make a quick buck on the back of this rise (good luck to 'em, wish I was in that position!) Conversely today's rise may intrigue new buyers and we may see continued positive movement... Oh, the excitement... ;-)

Need quite a few more days like this to get anywhere near my average cost, but not complaining... Could just be small volume buying interest meeting illiquidity of shares, but perhaps, perhaps somee good news finally coming - west med, matanda, arbitration... - about time anyway!

Am in similar position, average still well North of here but was happy to add before Christmas, this really should rise a lot in 2022 IMHO...

Yes not much liquidity in shares here so price moves up (and down) in an exaggerated fashion on any news. About time it went North again though!!

Wish you all the best Agadem. This board is almost unique in the level of proper information provided by some of its members, you being one of the main guys. I shall certainly contribute, as I might not still have been invested here, now awaiting something of a payday hopefully, without your analysis to educate and reassure me. And it is a great charity in any case! Hope Santa Savannah brings you a little festive joy at least, have a good Christmas.

"Joseph" is fairly transparent if you check him out, ignore

Yes a delay not a duster, and the company is not dependent on this single well anyway. Just topped up at 7.6p, DYOR but for me it was a no-brainer even if this particular well comes to nowt and costs increase a bit.

Maybe, certainly something afoot, methinks...

Yes L2 suddenly looking a bit healthier

..and strong hints of more good news to come... I have dipped in and out of SGZ in recent months, but think I may hold on for a little while now, things are starting to look good across the board. Nice one Phil!

Sorry: "...a fair few bob less..."

They will need a fair few bon than would have been the case a couple of years ago, Exxon have been trying to exit Chad for a while... Not an area of operation for the faint-hearted but SAVE already performing well in Niger and Nigeria....