Member Info for Kalan

Thanks Zengas and others - much of what Zengas reports is in the podcast below if anyone hasn't heard it.
(The share buy back isn't mentioned though)
https://www.savannah-petroleum.com/en/podcasts

Malcy certainly has knowledge far in excess of mine with regards to oilies but I lost faith in him over VOG.
I bought in around 40p and the share price did nicely - Malcy went on a visit and got wined and dined (nothing wrong with that and not saying he has done anything wrong at all) - he came back with a really positive view of the company and the sp went up to 80p+. At that point they had another problem with drilling and I bailed out. malcy updated - still positive - no hint of negativity. I bought back in around 40p to 50p and they bought more area to drill - Matanda - I just looked at the finances and thought this company will never break even - the income is poor (it got worse with a big contract cancellation) and they are trying to expand which is costing money they don't have - so I sold up at 60p and have never been back. Malcy reported again and again but couldn't bring himself to point out any negatives. the share price is below 10p now I think and there has been little negativity from malcy. It appears to me that he is positive all the time which will get him invites and a great reputation when all oilies are rising - but if he isn't going to be clean on the downside - what's the point. Zac Mir did similar with JLP recently - correctly saw a breakout and predicted 4.7p - it went to 4.9p and dropped back. Zac posts that it's hit the 4.9p he predicted (which he didn't) and talked about pushing on upwards to above 9p - never mentioning the possibility that you may want to take profits at this barrier being hit - I sold half. The sp dropped back and then back up to 4.7p - a lower high - did he warn people that this was bearish and unlikely to go onto 9p - nope - I sold the rest. The company shafted the shareholders shortly afterwards and the sp is about 4.1p - I posted about the negative situation caused by the board - accused of trying to talk the sp down for my own benefit. So Malcy and Zac Mir avoid the downside and are popular - but does it really help their followers - I don't think so. (Caveate - Zac Mir does show shares in a downtrend with potential target entry prices).
Even commentators across the globe have realised that negativity makes you unpopular - rarely will you find a commentator saying the stock market is in for a fall - instead they usually say it's in for a bit of turbulence or their favourite word volatility - both mean it is going to fall - but they won't say so.
We need folks who see the downside as well as the upside IMO.

Also experienced abuse Michu. 100 posts all positive - the board do something and I post that it's negative and all other posts are forgotten - accused of all sorts - being a bot, working for someone, de-ramping, trying to buy in lower etc etc
many people can't cope with any negatives - they really shouldn't be investing to be honest - anyway - keep posting the 'truth' - you are helping others even if they don't see it that way.
Good team work in holding our nerves today - what these boards should be for.

Nerve held and topped up as well PSB - congratulations may well be in order - hope so.

Just offered me 22.25p to sell and 22.75p to buy - the cheeky monkeys.
MacD just crossed over on daily and RSI daily has risen a bit - looking better for 22.25 ish being the bottom - no certainties though in charting - especially from this amateur.

Not an expert on oil and gas sector Michu - I have read a bit recently - it looks like they are predicting peak oil demand to be in 2030 so the industry ain't dead yet. Trump is a big factor I think in the short to medium term - if, as I suspect - he is manipulating the China trade talks to suit his re-election push then this will be very positive for oil and base metals IMO .
Looks like a fair bit of panic by PI's here - hope the old adage that PI's sell at the bottom and buy at the top holds true - very difficult to set your emotions to one side and hold or buy when others are jumping ship and sell when everyone is bullish - at a critical point right now IMO- a few brave souls have bought - they deserve some reward IMO.

Hi NicetoMichu - the indicators are mixed but it's starting to look oversold - expected the drop to 25p but gone lower obv.
At 22.25p we hit the 50% retracement from recent highs - in other words above this point we are still in a rising trend but we have undergone a correction on the phenomenal rise we recently had (I know it doesn't feel like it if you have been in a long time). The 200 day moving average is at 22.5 and the sp has bounced off this line with a double dip quite recently - so you could say we are re-testing the 200 day moving average before moving back upwards again.
I think MacD will give us the signal for the turn around and I will keep my eye on it.
Backstop at 19.75p IMO but I am hopeful that the 200 day moving average will be the support here - in the real world - there is obviously great uncertainty with shares being issued tomorrow and big trades being made as folks re-position - got a bit of cash left myself but in here quite heavily for me - somehow I feel remarkably calm and I think Knotty will be tomorrow as well - long term trend still up IMO (just) and looking for the signal that support has held at 22.5p or 22.25p - might wait for the phone in before I add though.

ok - no more whingeing from me. I am ok - I made a profit again- I will make a profit again here in the future. I was just thinking about the poor person who watched and waited for the results to be sure the profits were there and then bought full of hope at 4.6p or 4.7p. They did the right thing and then they had the rug pulled from under them and need double digit sp growth just to break even - to cap it all the sp is now in a falling trend. Why have they suffered this - pure greed by the board - cash was offered and they took it - for no reason other than it was offered. Shameful.
Of course I then get accused of playing this for my own purposes - the sp is going where it's going and nothing you or I say will change that - the board set it in motion and it will now play out.
Over and out - Merry Christmas to the many fine folks who follow this share.

100% agree Oddbod2 - the sooner we get Kabwe income rather than expenditure the better. They are saying end of H2 2020 for Zinc etc but copper should be contributing to income sooner than that as they have produced a small amount already I believe.

Well that shook it up a bit- a few jibes at me- I can take it.
Devilsbeast - I take you at your word and hope it works out for you.
p.s. I have clicked on your Twitter link but I am none the wiser - I don't know how to navigate it - you see I have never been on Twitter or Facebook in my life. (until I clicked on that link you sent).
I asked my son and daughter about them and how they work and decided they weren't worth the effort.
My wife shows me pictures that my daughter posts of the grandkids which is great but Twitter - I just can't see what use that is to be honest - must be 95% lies or made up.

True olderandwiser - however short termers just lost 10% and long termers just lost 10% (on paper) - wish I was buying now and getting more shares for my money - but as you say it does depend on your time frame - hoping we are going to hit 35p in the next 3 months myself so plenty of time for this to settle down and a decent uptrend to start - there will be some who need to get out right now which is where downward pressure has come from. I admit that I topped up too soon but this is AIM and you never can tell for sure what is going to happen.

...you are a potential investor in this company and you check in on this bb - would it encourage you to buy or walk away - the answer is obvious - you would walk away. Well done Devilbeast - you don't own the shares - you probably will very soon - everyone knows your game - you don't hide it well but still people engage with you- you have managed to turn the whole bb into a negative swamp - congratulations.
result: Devilbeast 7 - 0 Owners .

I accept your apology - I am not a trader but I have been here for 10 years and I have seen how this share behaves over a long period - that's why I top sliced and that's why I sold the rest when it put in a lower high just afterwards - the charts said it was going to fall whilst the fundamentals say it is going to rise - I have learnt the hard way to trust the charts - they tell you what people are doing rather than what they are saying.
I will get the same price as ii's - it's not naieve - I have seen it happen again and again and again.
I am not a genius at this game but I have learnt from my mistakes - currently down 3 or 4% on my recent SAVP investments - got in a tad too soon. Over the next 3 months they are abetter bet than JLP IMO - I may be wrong - good luck here - I may miss out - I may get a bargain - time will tell - at least we are all being civil to each other about our choices and opinions. Now where are those candles.

Been here just over 10 years - agree 100% with everything Jonah has said - if investors are ok with the sp dropping from 4.7p to 3.7p so that an institution can gain cheap shares at their expense - then ok. I apologise for making myself sound 'petty and stupid'. I just think a 13% fall which both Jonah and I think is going to turn into a 20% fall is a bit much to take on the whim of accepting some cash from an institution when it's not needed. p.s. If the sp falls to 3.7p (3.8p to buy as Jonah believes) you would need over 25% rise to get back to where you were. I know - I am being 'petty' - I will accept that criticism.
However, I did sell all my holding at prices from 4.4p up to 4.7p so when I do buy back (around 3.8p to 4p hopefully) I will have cashed in my profits and re-invested to make those same profits again along with the rise above 4.7p. So I refute the 'stupid'. But you are entitled to your opinion.
My opinion is that you have been mugged - there is nothing you can do about it - it's not your fault - and you are putting a brave face on it - that's ok we would all do the same but there's no need to be rude to anyone else.
Going to have some lunch and get a birthday party ready for the grandkids and friends - they sold JLP at 4.62p and put it into SAVP the little rogues - good luck to them an good luck to you Edzi.

Yeah plunge was a bit dramatic telegraphist - it looked a big drop on the weekly chart - only about 2.5% - it has led to some reasonably large sells so the mm's must be pleased and of course they will have buyers to buy them at a higher price.
Investing on AIM in good fundamentals doesn't seem to get you to millionaire status does it. Charts are vital too - to let you know what others are doing. it's often counter intelligent.

To take part you have to contact them. If you want to listen in live - there will be a link. You will also be able to listen in afterwards to what was said - either someone on here will post a link or it will be put on the website.
It looks like Knotty wants to get the message out there when it's all done and dusted - so hopefully Thursday it is.
As for the sp - got to agree with other posters - where or when the rise will come from - who can tell - a spark will be needed and a build up of momentum - a nice grinding upward trend with a predictable wave pattern between two tramlines would be lovely please.

I think so too Snaffleman - it will take at least 3 months to forgive and for some to forget.
I can imagine the conversation within the board of directors. - An institution just offered to buy £6 million worth for 4p. The shareholeders won't like that. yeah I know but cash is king , think about our salaries, that would cover a few months quite nicely. Yeah but how do we sell it to the shareholders? Oh djust doan interview and keep taking about cash all the time and strong balance sheets and needing strong balance sheets going forward to even bigger deals. Will they swallow that, really. Yeah as long as you are positive and upbeat. What if I'm asked why we need the cash when we are supposed to be throwing off cash from just about every one of the projects right now? just ignore it and say stuff like yes we are generating lots of cash. If pushed just talk about roll out of fine chrome and even bigger cash generation to come.
We could just say no - go and buy shares in the market to the benefit of our shareholders! Mmm it's an idea - but no let's just take the cash as usually - get while you can I say - the punters will get over it.
Think I will get my blood pressure checked.

May see a little leap back up to 4.2p some time soon - staying out for now - 4p may be support (the placing price) - waiting to see - history shows it doesn't turn around very quickly with JLP - great company - great potential - but board of directors (like all AIM companies).

p.s. the investor call on Thursday could be the catalyst - we will see.

In the real world you would have thought it would be heading North by now Agadem - got to agree. In the world of charts the sp has gone down into the 25's as I predicted last week - it was there in the charts as plain as day. I think 25 should hold it before the upturn comes (there are no guarantees) - in my humble, and far from certain opinion, buyers are waiting for confirmation before stepping in and the market makers, who look at the charts, know that to get any trade they have to drop it to where the chartists think it is going - a self fulfilling prophecy if you like. The plunge we have seen this morning could be the capitulation before the rise but I think it looks like it will have to wait until later this week before we see an uptrend set in - so plenty of time for those sitting on the sides to get in. All IMO DYOR and thanks for your valuable input on this board Agadem - your sharing of information is much appreciated - thought I would say that whilst it is still quiet.