Last year these were on 30th September, if the update we received last friday is anything to go by this really might be the traction we need to get the price moving as we would show a healthy half year profit with further debt reduction, the $96m loss will soon be forgotten. There is no reason why these should now be delayed 3 months. just 8 weeks to wait which is nothing for us long suffering savites.
Remember converted his loan note into millions of shares at 8p so hopefully won't fall below there, this could very easily be someone building a stake and having the ability to push the price lower to get in lower maybe shareholding update coming ?
Gas has had a 17% increase today, on top of a 20% increase last week, every little helps. What i would give for a near 405 rise in Savannah at present !!!
Very encouraging that net debt has been reduced by $27m already in the first 6 months 2020 hopefully this will carry some weight in any debt restructuring.
Near term on aim can mean anything from days to years, though i do like the look of the near term prospects for this company, i am happy to hold this for min next 12 months
For what it is worth just had a reply from Jimmy Lea at Celicourt confirming that as stated in june 24th RNS Savannah intends to release its full year results in july 2020.
RE: What Odds on further delay of posting Annual results23 Jul 2020 10:55
Come on AK get your finger out, oil has recovered to $45, circa 20% increase in output and we sit on or near all time low's, what a f---ing investment this been ?
Would it be possible to take a stake in these fields as part of a consortium by using our Niger asset as collateral or allow balance of consortium to have a slice then use a finance facility to develop the fields but spreading the risk amongst the consortium. Might be too complicated but just a thought ?
They hold circa 70% of company have circa Β£200m invested and are sat on approx Β£150m loss, what yarn are they being told and what questions are they asking as none of them appear to have sold ?