Member Info for Moho30

It does seem daft taking the effort of issuing an RNS (and paying for it) just to tell the market you're going to be issuing an RNS, and then not release one, so expecting something today. I was always advised that these had to be down the wire for 7am

Be nice to have a success story, but I'd still like to see it back trading. We were suspended back in 2022 pending getting a company changing deal over the line, or not. It's obviously not over the line - and as far as investors are informed we may be even further away. In the meantime there's been practically radio silence on everything. I'm sure noone envisaged a 1yr+ suspension, but how long can this go on if the SS status quo persists ? 2 years/longer ? Certainly they should not be able to roll the suspension onto another deal being worked on, and only come back when they've delivered something as has been suggested.

Tier - I do wonder how long the suspension can continue. There are projects in Africa still awaiting signature five years on. We are getting on for one and a half years. There has to be a drop dead date, and as far as I'm concerned we've past it. It doesn't sound to me like a signature is imminent in spite of what the Co may be convincing LSE, and in Africa small steps forward can be knocked back in a flash with the carousel of changing government personnel who have other ideas. For me this has also added a significant risk factor to SAVE shares if/when they resume trading pending the next potential lengthy suspension, and I'll be looking to reduce my position.

Based on my previous experience working with AIM Cos, Nomad will be about £20k/qtr, PR £7k/qtr and each of the brokers £5k/qtr. Happy Days ! Lets hope they have something to do before too long..

That's why the Financial PR people earn the big bucks ! Been a cushy ride for Nomad, Broker and Fin PR for over a year. Assume they're still pulling their quarterly retainers.

EE. Presumably if still over the 3% threshold they need to still notify and change ? Any idea when any further news likely ? (hard work working O&G farm-outs these days !)

Zen - Your last comment mirrors my views exactly. Why the preoccupation of not coming back without a deal ? If there's not a deal and the share price tanks it will realign when the deal is announced to something close to what it would relist at if there was a deal. Likewise if never any deal. I don't necessarily understand he logic of those not wanting it back trading. I just want some ops updates on existing business, and at the moment it seems they don't feel inclined or obliged to supply this. If there's any further extension, I would assume AIM being taken for a bit of a ride.

Needless to say not happy how AIM has let them of the hook again. What workstreams ? How long can they be allowed to push this out ? end of 2024 ? I don't think they would get away with it on main market.

SP. Sort of with you on this. I look at energy projects for a living from a commercial perspective with a view to raising finance for them - used to be mainly O&G, but now more renewables. I learnt a while ago to pick my battles. Spent ages of 'free time' looking at projects which had a low chance of securing funding and moving forward - for all sorts of reasons, - Geol risk, Tech level, location, management. Still do the odd high risk/reward but they're rare. I didn't buy into SAVE originally with my punt money, so maybe looking for something others aren't. I hope in a few days I'll be eating my words, but besides Nigeria some of these locations they're putting a lot their eggs into (even if they get sanction) are too scary for me and I'll be taking some money off the table.

I'll be extremely disappointed if the suspension continues. Resumption of trading would force a full ops update - current and potential - rather than the feeble few lines about working the various deal streams.

Komakino - I'm still surprised that UK listed companies can operate in countries such as Chad and SS given the UK corporate governance rules. I'd just like to see the shares relisted regardless of where we are on SS, so the Board become a bit more accountable and forthcoming. Shame we don't have a stronger Nomad.

Shame that they've made use of the one year suspension period to inform shareholders of virtually nothing, and when they do put out an RNS with a supposed update, it tells us - virtually nothing. Would have been nice to combine with an ops update of what's going on elsewhere. I hope they are not still paying Comarco a quarterly retainer.

Well said Kelboy, but thanks Rocky for trying. I think that's why the suspension has to be lifted as its been a convenient excuse to keep us uninformed about other ops updates - even if there is nothing new on SS. I don't quite understand the reluctance from some to get it trading again. The share price will settle where it settles if SS done or not done. Fed up with seeing a flat line (and limited news updates) to get to that point though.

Good to give the PR guys something to do as they presumably had a fairly cushy ride while the shares are suspended - and the Investor Relations part is virtually cut off. For my part I just want to get the shares trading again. If they tumble on the back on no news so be it, as they'll realign if/when the deal is done/not done - and the company will be more inclined to give operations updates on existing operations which have been scant to say the least.

Any idea who is continuing to feed the market ? You would have thought just by virtue of the reduced number of shares (and market cap staying constant) that the share price would show some slight positive trajectory.

If it is correct, you assume the Co must be aware of such significant movements - and might have reached out and prompted for a TR1 disclosure.

I do wonder legally or ethically how long they can keep rolling on the suspension. It's currently suspended on the basis of a deal that wasn't the reason for the initial suspension, and talk of working on another deal if SS fails, and a another extension to the already extended suspension period does make we wonder if they are playing a bit fast and loose to avoid having the shares trading until they have possibly managed to pull something out of the hat. Can anyone shed any light on what the Nomad might need to support an extension request ?

NtoM. Imv, the absence of good news is not a reason to extend the suspension. The only faint glimmer of hope is that AK must have waved something under the Nomads nose to convince them that SS was still potentially on. If it's another deal they are working on then this should totally be disclosed as the reason for another suspension.

..to say the least, and not many positives to take away. Especially disappointed on the debt issue which is about the one thing within their control and not made any notable progress. I imagine there has been a fair bit of back and forth with BDO and the Board on the nature of the qualification. Hopefully this will push the debt reorg to the top of the priority list. No update on SS and possibly to be expected as they probably haven't got much idea where they stand either. I'm sure SS will want to keep them dangling as long as possible while anyone and everyone in govt is trying to wangle some other deal that benefits them. I can't see it progressing. Time to retrench and focus on Nigeria and debt reduction for a period imo. Also want to see it back trading asap, as I feel shareholders have been left in the dark - even if only on simple ops updates, but the suspension been used as a convenient excuse not to feed the info flow. I'd be astonished if anything changes between now and mid December.

I'd be against any further suspension. The shares were suspended for a deal that possibly isn't even in the frame, and the current deal if not approved imminently is likely to roll on for who knows how long. If the shares are trading it will at least warrant rather more news updates than we have become used to.