Member Info for komakino

Mannadr, it's certainly not a hedge position as there is no guarantee that WCAT or Save will obtain any concession at the end of the day. It increases RR's chance of investing in a company that does, but also increases the potential loss if neither do (assuming there is any inbuilt value in either company attributable to gaining a SS concession)

Interesting. That does put a slightly different perspective on them. Thanks Zengas

Darth, like all drugs side effects are different for people. For me the only side effect is slightly flushed cheeks which is not a deterrent. On an empty stomach it works in 15 minutes and just over an hour if I've had a meal. It's significantly cheaper than Eroxon too so personally I feel no reason to swap products. Obviously that's just a personal anecdote but it would be wrong to take the list of side effects on the packaging leaflet and assume everybody expoeriences them.

The idea that it gives you a permanent erection for hours and takes hours for it to take effect though is just plain wrong.

LST, I think SAVE are treating this similarlyto the spoof announcement a year or so ago where some dodgy company claimed to have signed a deal with Kiir to provide billions of $s investment. A quick search showed the company was a scam. Wildcat are not a feasible company to take over these assets as per your points, so it's not really worthy of comment imo.

Dosanddonts, not sure where you came to that understanding but genric viagra does not work like that. The leaflet accompanying any packet states 'Sildenafil (one of the drugs classified inder the heading generic viagra) will only help you get an erection if you are sexually stimulated. The amount of time Sildenafil takes to work varies from person to person , but it normally takes between half an hour and one hour. You may find it takes longer to work if you take it with a heavy meal'

Generic viagra works by allowing more blood flow, so for example you may experienced slight flushing of the cheeks, but you do not achieve an erection if you are not sexually stimulated and you do not have to wait hours for it to take effect.

Dosanddonts, not sure where you came to that understanding but genric viagra does not work like that. The leaflet accompanying any packet states 'Sildenafil (one of the drugs classified inder the heading generic viagra) will only help you get an erection if you are sexually stimulated. The amount of time Sildenafil takes to work varies from person to person , but it normaally takes between half an hour and one hour. You may find it takes longer to work if you take it with a heavy meal'

Generic viagra works by allowing more blood flow, so for example you may experienced slight flushing of the cheeks, but you do not achieve an erection if you are not sexually stimulated and you do not have to wait hours for it to take effect.

Moho, not sure why you think that the update could be related to another transaction as the heading of the RNS was 'South Sudan Acquisition Update', so the phrase 'details of a proposed alternative transaction, should it be concluded, or confirmation is provided that a proposed alternative transaction is not proceeding.' can only refer logically to SS and nothing else. They used the wording of 'a proposed alternative transaction' in the previous RNS specifically in relation to Petronas so it's inconceivable in my view they are referring to anything else. If the SS deal was dead in the water they would have to relist or publish an SPA for the new deal in order to remain suspended.

PSB, the previous SS update RNS stated 'However, Savannah remains in active discussions with the relevant parties around an alternative potential transaction in relation to an acquisition of the PETRONAS Assets.' so safe to say it's regarding SS.

I would imagine most of that will be Nigeria, followed by Niger and then smaller amounts for Chad and SS. Yes, we have only seen tangible progress in Nigeria so far but it's not as if he's simply donating the money in a charitable fashion.

RR, SAVE didnt give the money away, it was salaries (for work done), govt. payments (tax etc) and payments to local suppliers (for goods received). You do have to pay for things in Africa too you know!

O&B, even I thought you were not that old that you wouldn't recognise the use of a joke emoji. Seems as if you are older than I thought :-)

Still, nice to know that you still are only capable of the pithy one-liners. Would be too much to ask you to contribute anything meaningful of course.

Moho - yes, fair point, though Petronas stated that 'it remains committed to the “portfolio rationalisation exercise and will continue to work with the host authority and relevant parties to find a mutually beneficial path forward” for the divestment of its ventures in South Sudan. ' which suggests that they don't actually want the asset returned but rather compensation. Also, the fact that Savannah are still pursuing an alternative agreement for the assets makes me think that Savannah don't see this as an issue. The arbitration will take years and there is no guarantee of success so don't think that SS or SAVE would put any potential agreement on hold till then. Not sure the unhappy bunnies on here would cope with another 2 years suspension while the arbitration case was heard :-)

Either way we should hopefully get an indication soon where SAVE are up to with all of this.

Moho, Petronas have relinquished the asset so presumably their claim in arbitration is more to do with the money they would have received if SS had played fair. That will just be a monetary amount and I can't see them wanting a claim to the asset itself as they patently just want to exit the country, so don't think any SS deal with SAVE would be affected by the arbitration claim.

Quite simply, cash. If the situation is as bad as a lot of people believe then ironically that puts SAVE in a good position to strike a deal that is actually good for SAVE, as they have the funding. I can't believe that the SS Govt. are bothered who they sell to so I don't think that it's SAVE per se that are a problem, rather they have identified a way to make some cash by allowing NilePet to take control of the assets.

Now given SAVE's strong ESG credentials, at least they talk the talk, it will be interesting to see what happens. I'm still happy to let AK make the judgement and then make my own opinion on that, rather than dismiss any potential deal without knowing what the terms are.

I think that's a more likely scenario RR, though trying to second guess the markets is a fools errand for sure!

LST, the share price drifted down from just over 40 to 28.5 which most people believed was as a result of the market believing there were issues with the Chad deal. SP was 19p from memory before Chad was announced.

Tier, what's your reasoning for believing the share price will be down, given that SS was never factored in to the share price at suspension?

TiL, obviously Petronas think different if they are after a $1bn arbitration claim. but you can't see too many companies rushing in for a quick sale. Will be interesting to see what sort of a deal AK deems good for SAVE, assuming he agrees one with Nilepet.

O&B, so why would you be so eager for AK to pull out then? You can't have it both ways.

Yes TiL, that was my initial thought reading it and has been my thinking all along that AK won't just sign a deal that's not beneficial to Savannah.