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I know this is a polymetals board but I was wondering if anyone knows what’s going on with Lukoil? It seems to be even worse hit than Gazprom and Polymetals. Must have a PE now of about 0.3
Hi All, I have been a long time holder of SAVE and am now looking to diversify out into other Oil, Gas and commodity stocks. Do you have any particular recommendations? I can imagine there is a lot of stock picking experience on this board!
I was hoping to get some new information on what has happened so far in 2021 or more detailed future outlook but it seems like this call is going to tell us nothing. Quite disappointing so far but hopefully something good comes later. What do you all think?
What was the reason they gave for the resignation?
I thought it was a good call today but I am still a bit confused as to where the £99m in cash collections and £54 m from AIM has actually gone. I know we paid down debt by £40 m and there might be some capex but where else? Why are we only on £26 m in cash?
Where can you find the Numis broker note?
Just wanted to say I appreciate Agadem’s analysis and in particular when he shares his thoughts on communications he has had with Celicourt. Yes we haven’t got the big news we thought we would today but that is on the company and not him. I feel it is unfair to take it out on someone who is trying to be helpful. Agadem please keep posting :)
Does anyone know whose selling? Have the institutions sold anything?
To be fair, the seven transaction although delayed could still yield massive value for the company. If they are getting paid (big if), it alone could justify a market cap that it is several times what it is currently.
If we only had the Niger assets, we might be in a position of not generating cash and having no cash to develop them further.
In reality, even though things have been delayed, has the general picture change that much?
Hi Munchbox, I was just interested to hear your side as to why you think Zengas analysis price predictions were false or misleading? The fact the share price has been decimated does not make him wrong by default as it could just be that this share is massively undervalued now due to poor management communications, COVID 19 and a general appalling sentiment for the sector rather than there being any issues with the company fundamentals. To me it seems that most of the value is unaltered. Savannah is still is generating a lot of FCF in Nigeria and the Niger assets still hold the same amount of oil in the ground (although it is now of course worth a lot less). If Savannah can continue to generate the FCF promised in Nigeria, then that alone would help to make this worth far more than it is now. Although of course, anything could happen and that does rely on strong cash collection.
Although I appreciate that many people are over leveraged already and may not want to buy after what seems to be a positive RNS (given the market cap), I am quite to surprised to see that there is still quite a lot of sales going through. What do people think is driving it? Is it people fed up of no movement? Is it institutions? Is it people needing to raise cash? Any thoughts?
Did AK mention where the Cashflows generated by seven while the deal was being done (last 2 years) are going?
The $74 million promised after the transaction is just from debt restructuring. Does Savannah get any money from Seven operations over the last year, if so that could be $125 million? Have the Seven fields even been operational over the last year?
Thanks, I’ll have a look into it
Hi All
As you might be aware Eurasia's risk weighted NAV(Net Asset Value) according to Optiva is 2.8p and it is consequently a stock whose future I am very excited about.
However, I am also looking to bolster my portfolio with other stocks whose risk weighted NAV is significantly higher than their share price so far I have:
Savannah Petroleum - current price (27.5p), risk weighted NAV (70p)
Seplat Petroleum - current price (115p), risk weighted NAV (300p)
Does anyone have any other suggestions? Feel free to reply to this or send me a private message.
Do we know what is happening with the Sinosteel agreement? If it is going to be executed as initially planned then 0.7p for the stock is a joke, should me more like 1.2p (at least).
However, if Sinosteel back out of the agreement and Eurasia have to find the funding through equity dilution or an alternative company then the price could actually be a bit too high.
Does anyone have any concrete info on the status of Sinosteel agreement?