The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Another stock to avoid.
Seed Capital Solutions PLC - London-headquartered acquisition company, focused on businesses operating in market sectors with "strong" environmental, social and governance credentials - Appoints John Zorbas as chief executive officer with immediate effect. Zorbas has been CEO of Uru Metals Ltd since 2014 and a non-executive director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp since 2021. Seed Capital's shares debuted on the London Main Market on April 12.
Zorbas commented: "More than ever the world needs sustainable solutions to societal problems, and this is a factor that investors have become increasingly aware of. ESG solutions need support and investment more than ever before, and I look forward to seeking out innovative companies with the requisite credentials to accelerate our growth as a UK listed company."
Current stock price: untraded on Tuesday, last traded at 0.88p on Friday.
By Tom Waite, Alliance News editor
CHADSET UP ITS OWN NATIONAL OIL EXPLORATION COMPANY.
On Monday, April 24, 2023, an Extraordinary Council of Ministers was held under the Chairmanship of General MAHAMAT IDRISS DEBY ITNO, President of Transition in Chad.
Agenda item five was a draft law to establish a private company called TCHAD PETROLEUM COMPANY (TPC), introduced by the Minister of Hydrocarbon and Energy. A project that goes in line with the recent nationalization of assets and all rights of Esso Chad.
Chad Petroleum Company (TCP), will be an oil field and pipeline operator unlike the Chad Hydrocarbon Company (SHT), which is a member of the consortium. Being a new entity, it will be able to use Chadian or foreign companies for its development.
Meanwhile, the COTCO board of directors that has to formalize Savannah's interest in the project is being held in Paris this Tuesday. Chad refused to take part in it.
That's how the Republic goes
https://www.facebook.com/search/posts?q=savannah%20tchad&filters=eyJyZWNlbnRfcG9zdHM6MCI6IntcIm5hbWVcIjpcInJlY2VudF9wb3N0c1wiLFwiYXJnc1wiOlwiXCJ9In0%3D
Interesting FB post from Chadian news site
https://www.facebook.com/search/posts?q=savannah%20tchad&filters=eyJyZWNlbnRfcG9zdHM6MCI6IntcIm5hbWVcIjpcInJlY2VudF9wb3N0c1wiLFwiYXJnc1wiOlwiXCJ9In0%3D
According to this correspondence of which I have a copy, at the end of September 2022, the Secretary General to the Presidency, Dr David Houdeingar, asked ExxonMobil (ESSO) to pay a "Balance of all accounts" and to sign a three-party agreement with #Savannah included.
Meanwhile, the slightly literate incompetent, called Idriss Youssouf Boy, the Alpha and Omega of Chad, thought the balance of any account was an obligation to proceed with the sale. So he ran to take the money from François Perrodo, CEO of #Perenco, arrived in a jet to N'Djamena on December 6th.
Youssouf Boy was waiting for Exxon and Savannah's purchase contract to expire on December 12 for Perenco to replace Savannah. Unfortunately for him, Exxon and Savannah legally finalized on December 9th and since then madness has taken over Idriss Youssouf Boy.
This is how Chad progressively sinks into an complicit silence of its intellectual and military elites. With the crises at the Central African, Nigerian, Libyan and Sudanese borders recently, the only thing missing was the Cameroonian border. Now it's done... Well done Idriss Youssouf!
Waiting for the billion fine that the Paris Arbitral Court will sentence us to pay next year in Savannah.
And since their unnecessary noises of "nationalisation", Perenco is no longer picking up Idriss, Tahir and Djerassem Le Bemadjiel's phone calls. Cameroonians are anything but idiots: they rightly made a pact with Savannah.
Our leaders, as well as the international community, should stop thinking that we are fools, so the Exxon-Savannah deal was officially approved by Chad.
B_F, no worries. The point I am making though is that in the UK you can order viagra/sildenafil without any human interaction via an online pharmacy which is less embarrassing than asking for it over the counter, if that is an issue. The main advantage as I see it of Eroxon is the fact that there should be no side effects, so those who do experience side effects would obviously want to try this and most likely be prepared to pay a higher price point. How many that will be we will only know once some sales data comes through.
You can buy 64 50mg sildenafil tablets for £61 plus p&p. Depending on the dosage you need you can then split the tablets with a pill cutter, so you can get 128 25mg doses for the same amount.
https://www.doctorfox.co.uk/erectile-dysfunction/sildenafil.html
ex-s, yes the advantage of Eroxon is that it should be side-effect free, though at the current price point I'd personally be sticking with sildenafil if side effects were not an issue. The key to the success of this is how many people switch and that's the million dollar question that we won't know till we get some sales data.
B_F, yes I did read your comment and all I was doing was pointing out that Barder's comment in your post : 'So Mr Barder' video conference this morning was clear that a lot of Men don't want to go to the doctor etc about what may be perceived as an 'embarassing' condition.' was not relevant to the UK and so doesn't not give an advantage to Eroxon as you can get generic viagra/viagra without seeing anybody. You seemed to have erroneously assumed I was 'correcting' you, which I wasn't at all. A lot of people on here seem to be under the impression you have to see a doctor to get viagra/sildenafil, but that is not the case.
B_F, you don't need to go to the doctor to get viagra or generic viagra. You can just fill in a health questionnaire at an online pharmacy, which is reviewed by a doctor, and if they approve it you get sent the medication, so the argument about embarrassment doesn't apply these days. Check out Lloyds pharmacy online for example
Bushman on ADVFN posted a couple of snippets:
'Africa Energy.com 02 April.
An article by James Gavin advises SAVE’s bid “ expected to move ahead as planned. “ completing H1 as we know from SAVE
Also mentions SAVE will be receiving revenues from Chad Cameron pipeline which “. is not affected by recent news “.'
Last 2 Full year results were posted 7th June so I reckon we'll get those before the conference anyway, and you would suspect they would have to give an update on Chad/SS in those, so the 14th June just might be a ceremonial procedure for the benefit of the conference. Who knows, but all we can do at the moment is speculate to temper the boredom :-)
There is an AIM rule that states that the listing will be cancelled if the shares are suspended for 6 months, but I don't believe that applies in the case of a reverse takeover (although it's not explicit in the rules). Savannah were suspended for slightly longer than 6 months for the Seven Energy transaction (8th June 2017 - 22nd Dec 2017) so I guess it's possible that we could have the admission document published on the 14th June if the deal is signed at the conference, something which would hopefully dispel any concerns over ministerial consent before we started trading again.
05-04-2023
Meeting in plenary to examine the socio-economic and financial situation of Chad, the political parties members of the Groupe de Concertation des Acteurs Politiques (GCAP) are concerned about the outcome that awaits Chad following the nationalization of Esso's assets.
For the political parties members of the GCAP, instead of focusing on correcting the failures induced by their "desire to confiscate power that dangerously compromises a return to peaceful constitutional order, the transitional system is descending into disastrous profiteering". For them, the decision to nationalize the oil assets of Esso Chad is "ill-considered after the scandal of the SHT by which, the same have set up and organized a misappropriation of hundreds of billions remained so far unpunished but whose authors are catapulted to the top of the State in a position of quasi-leader".
And to wonder how a sub-program state of the World Bank and the IMF and in financial distress, largely asphyxiated by private and public debts, unable to pay only domestic debt, can manage to allow itself such an act? "This is an act that will poison the business climate as long as it is deeply and will undermine the legal and judicial security of investments that may either lead to the cascading departure of the other members of the consortium or render null the rating of the level of investment in Chad with its corollary of chaotic socio-economic consequences."
For the political parties that are members of the GCAP, Chad no longer deserves to be engaged in another financial disaster after the deal with Glencore where civil servants continue to pay the heavy price with immeasurable effects relating to the 16 measures. "The same horsemen of the apocalypse who are at the origin of this deal still want to precipitate Chad towards chaos if the other members of the consortium, because of the legal and judicial insecurity in the oil contract, decide to leave Chad to avoid suffering the same incarcerations of approximate management of a state," worry the political parties.
Thus, while considering that such a decision, even justified, does not fall within the competence of a de facto power and a transitional legislative body, the political parties members of GCAP demand the urgent retraction of this "smokey, thoughtless and unseemly" law 003, nationalizing all assets and rights. "Otherwise, beyond the national petition to boycott the entire ongoing process, a special national petition against the sale of oil resources will be launched at the same time in order to require the maximum number of signatures in order to bring this matter to the attention of the World Bank, to request sanctions because of sanctionable practices including fraud, embezzlement and corruption, anti-social acts that have become the favorite sport of the leaders of the transition," they threaten.
https://tchadinfos.com/tchad-les-partis-politiques-membres-du-gcap-exigent-la-retractation-en-urgence-de-la-
Just noticed that the deal signing session at the South Sudan conference, which was originally the last session on day 2, has now been brought forward to the first session on day 1, after the opening ceremony. Small wins :-)