Member Info for Ian0208

I have just sold my 700,000 shares, crystalising a £70k loss. Thanks AK for your total disregard for communication with shareholders.

This share will suspend soon and never return to AIM. It’s a Ponsi.

AIM rule 17 state that an RNS is required immediately when a new auditor is appointed so until we see that RNS we have to assume the appointment is not yet ratified.

I think everyone is now ignoring you. Time to change persona again?

Also seems NIPCO are now at 29.8% shareholding. And didn’t quite understand the reason for talking about the AIM rules. We may either be considering changing our listing or an announcement due that leads to another lengthy suspension under AIM rules?

Boring

Another useful post from Hx 😂

22.5m shares showing this morning going through at 8p.

Doesn’t show which way the trade is but assume as it’s been dealt at the quoted offer it is a purchase.

It’s unlike Save.l to over promise and under deliver…..

Has a date actually been set for the shareholders meeting? I was at the last one (although had to leave early). Will definitely attend if it’s in London again

I think the real problem the company now has is shareholder a lack of faith in the directors, who have shown a complete lack of regard for shareholder sentiment (well, at least private investor sentiment - I suspect they have been keeping II’s briefed major on an insider declaration basis).

This last suspension came pretty quickly on the back of a 27 month suspension, meaning significant lost opportunity cost of having capital tied up when there were plenty of other money making opportunities in the O&G sector and beyond.

This particular suspension has been littered with no less than five broken promises to make an announcements which were not forthcoming, and I am dubious as to whether they will meet tomorrow’s deadline.

I was at the shareholder morning and took a lot of comfort from Andrew’s confident message, and indeed I bought more.

I’ll now be looking to exit once we have had a clearer

Indication on receivables and Chad.

My fear is Andrew will embark on another ill conceived corporate action with the inevitable re-suspension. This has become more like a private equity investment than a quoted one.

There are far better places I can deploy my capital where I have faith in the management and strategy. I have lost that faith in the Savannah board.

That bond offering was actually December 2024, not 2022.

Nevertheless it was as you say heavily oversubscribed, which bodes well, particularly as rates have improved since this issuance.

Scotpak do you think this could be the end game in clearing the true up debt? Could it be the news we have been waiting for?

Here we go again….

Agree with you Scotpak.

I am fan of this board because there is some really intelligent, well researched notes. And then there’s HXul. Easily ignored.

Grateful to TIL for spotting those two articles in the Nigerian press. Sounds like progress

Thanks. Appreciated.

Zena’s, back to your analysis of institutional shareholders (and in light of this afternoon’s RNS re Premier) .

I am surprised we have not seen a flurry of other RNS confirming the numbers you posited. What was the source of all of your data?

Thanks

The one thing that surprises me is the continual persistent volume of small sellers at what must be close to an all time low. They either have run out of patience, have a better investment idea or know something we don’t.

I bought some more after attending the coffee morning with Andrew. He was upbeat, confident and above all incredibly knowledgeable about doing business in Africa. Let’s hope our patience will be rewarded one day.

This is now absurd. I have 500k shares in this company and now demand that the shares are relisted and this ridiculous SS deal is abandoned and we reqoute asap.

We should form a concert party and lobby the NOMAD to listen to shareholders.

I’ll get in touch with some of the II’s to seek their views

Let’s just forget any deal in Sudan and return to BAU.

This is painful.

Good luck with that!