We would love to hear your thoughts about our site and services, please take our survey here.
Zen: I couldn't agree more lets hope if we don't get news beforehand it comes in the Re-admission doc, fingers crossed
Wierdly enough guys it is still 26.26p , still suspended and nothing to worry about.
April 13, 20242:40 PM GMT+1Updated 16 hours ago
NIAMEY, April 13 (Reuters) - Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday.
RTN did not provide details on the agreement. Niger's military authorities and CNPC could not be reached for comment.
"China is a great friend to Niger; we can never say it enough," Prime Minister and Minister of Economy and Finance Ali Mahaman Lamine Zeine said at the signing ceremony, which was broadcast by RTN.
Advertisement · Scroll to continue
"This signature demonstrates the friendship ... and fruitful cooperation between the two states," Chinese ambassador Jiang Feng said.
An export pipeline project backed by CNPC subsidiary PetroChina (601857.SS), opens new tab was officially launched last November, linking the Agadem oilfield to the port of Cotonou in neighbouring Benin.
Previously, the West African country had a small oil refinery with capacity of around 20,000 bpd that mostly supplies Niger's domestic fuel market.
Yet another UK listed company considers delisting and moving to US because UK investment just doesn't exist.
When will the authorities and institutions wake up and recognise that we are so far behind the investment curve in the UK in terms of new dynamicearly stage tech and pharma companies ?
I know we have all been sweating over debt restructure for some time now but was just wondering the effect the current interest rates of the local currency would have on our $400m+ debt would have ?
I seam to recall someone mentioning that grant funding that we may have applied for could be passed this month am i correct in thinking that ?
Moho: Won't make any difference whilst suspended. Though i expect positive news for some reason.
RR if SS crosses the line and if and its a big if Gabon is the next deal i believe we would come back trading and AK will have sounded out the market to whether this would constitute another RTO or not as i am sure he would also want it back trading.
I expect another after hours RNS as opposed to 7.00am as he doesn't no need to provide to market pre open.
TIL, Been thinking more about this and just maybe in this weeeks update not only will we get more detail on what i going on in Sudan but hopefully we will be updated on Nigeria and Niger comprehensively , possible insight into Chad (though i imagine the company line is still say nothing ).
Then for the icing on the cake is the Gabon deal where Vitol have been pressuring Gabon that they will lend them the money on the condition that Savannah partner 50/50 split on both borrowing and ownership with Vitol receiving the offtake. (Hopefully also get some discount from Carlyle if Vitol providing finance and not them having to do it themselves).
Who knows it may well just happen.
ABUJA, March 27 (Reuters) - Nigeria's naira rose to a five-week high against the dollar in intraday trading on Wednesday, a day after the central bank hiked interest rates to tame inflation and lifted restrictions on foreign investors participating in its fixed-income auctions.
The currency rose to 1,200 per dollar on the official market, LSEG data showed, strengthening above the parallel market levels at about 1,340.
Africa's largest economy has been grappling with dollar shortages that pushed its currency to a record low of 1,851 per dollar last month, though central bank Governor Olayemi Cardoso has said that dollar liquidity is improving.
Looks like the mystery buyer has been taking advanatge again 2 x 1m and 1 x 1.5m .
Sadly we need approx 42m for a TR1 buying RNS , bit away from that but one can hope .
Probably a few after hours to come as well
Zen
Re your thoughts on Niger and the Govt wanting to do the other blocks themselves, do you think this may now open the door for Sinopec to join us on Agadem, it may offer us some security to be aligned with a none western partner ?
Sadly in the last 3 years he has increased shares in issue by circa 400m (50%) without adding himself or his wifeexcept for 50m+ options which strangely negates that albeit sat at 2.5/2.87p
I think JHFH is right Vlad has now exhausted the placement route so lets hope if he has been approached by big pharma he wasn't too arrogant in rebuking them and that the door is is still open because as JHFH rightly points out we still need.
Vlad if you're reading these boards 10% of £500m is £50m, 10% of f--k all is f--k all.
Brent lso sat at $86 per barrel at present which is also encouraging. "are we on a roll" ?
Agree TIL it would be nice to see a steady increase in positive news flow over the next week or so leading to Admission doc with completed SS Deal.
I would still like to see a partner involved in Niger
Hasn't been a directors buy for 3/4 years. £17k would get them a million at present
At 0.017 heand other directors could buy some shares instead of relying on options , iam sure they have some spare from there renumerations and it would be a welcome sign that may instill some much needed confidence.
Benn on this downward trend now for over 4 weeks, 2 of them since the placing , historically they don't tend to last as long as this (Hemo that is). Difference here we have Positives on our side.
FDA approval and Trials due to start in coming weeks months.
CBR Progressing well (though may be put on back burner to preserve funds for trial.
Probably seeking Grant funding for Trials (possibly upto $3.5m)
High chance we are considering interest of investment or licensing deals .
Its like catching a falling knife to call the bottom i know but main spread bet houses have no open shorts, it is nearly 20% below placing price. Very close to bottom now surely ?
You would notice if someone was buying for a takeover with 1.3B share in circulation.