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It is frustrating when a share is suspended with any company for a lengthy period and the proposed deal fails to materialise. In Savannah’s case I suppose that’s the nature of the business that we choose to invest in. Speculate to accumulate as they say. We win some and loose others.
Anyhow nothing in set in stone at present and we should all know more tomorrow. No doubt the bb will be busy again. Fingers crossed for a juicy update and progress report.
‘What the ffs is AK doing in these places?’
He probably considers these assets cheap as chips and is prepared to take a little risk.
Don’t build your hopes up too much. If there was anything of any significance to note Colin would have RNS’d it already to get the market a little excited. Plus it would have leaked like the gas pipeline. Proceeds from new wells (oct) not expected until next year. I expect Revenue pretty much on target for year end. So I expect a flat day on the market but we will end in negative territory because folk are expecting so much more.
I’m hoping Mercedes will refund me……..on the umbrella I ordered on the strength of a positive outcome.
Oil $96.52
Would have been nice :)
Statement in full courtesy of Trustlie.
Date: September 25, 2023
To: The Public and All Concerned Parties
Subject: Clarification on Meeting Between HE. the President and Caltech Trading Corporation
Dear Citizens and Stakeholders,
We wish to address recent claims circulating in the media regarding a meeting that took place on the sidelines of the United Nations General Assembly between the President of the Republic of South Sudan and representatives from Caltech. These claims suggest that the government has finalized a $3 billion deal with Caltech. We would like to clarify the situation to provide accurate information to the public.
During the meeting between the President and Caltech, discussions did take place regarding potential investment opportunities in the Republic of South Sudan, with this being a courtesy meeting with H.E. the President. Discussions between the Minister of Finance and Caltech have been ongoing since August 2023, exploring various potential areas of cooperation. However, it is important to clarify that as of now, no formal agreement has been signed between the parties. The government of South Sudan remains committed to transparent and accountable processes in all its engagements, and any developments in this regard will be communicated to the public in due course. Therefore, it is important to emphasize that no final agreement or deal has been reached at this time.
The Government of South Sudan follows a transparent and thorough process when engaging in significant investment agreements. Any such agreements would require careful consideration, including legal and financial due diligence, as well as approval from relevant government bodies. As this has always been the standard procedures when engaging potential investment partners. As of now, no commitments have been made.
We understand the importance of providing accurate and timely information to our citizens and the international community. Therefore, we assure you that any developments related to this matter will be communicated through official channels in accordance with our nation's transparency and accountability standards.
In the meantime, we encourage the public and all concerned parties to rely on verified information from official govemment sources for updates on this matter. Speculative claims can lead to misunderstandings and confusion, and we are committed to ensuring that the people of South Sudan are well-informed about matters of national significance.
Thanks for that. I’ll sleep better.
Ignore last paragraph.
We should all find out shortly… fingers crossed for a positive outcome 🤞
Here’s my two cents.
I fully expect an RNS from Save in the next 24 hrs.
I’m slightly perplexed about the energy voice article.
It headlines ‘ South Sudan has announced a $3 billion deal with a small US company on the joint purchase of Petronas’ stakes and other investments. ……The South Sudan presidency said the company would provide $800 million within two months to begin the work. It quoted the Caltech official as saying the company was ready to move into South Sudan.
That’s a lot of cash for an investment company operating out of a strip joint……’The New Jersey-based Caltech shows little sign that it would be able to muster the $3bn discussed with President Kiir in New York. The company has two addresses, one in a strip mall, the other in a residential street.’
Prices must have increased since I was last in one 😱
In one sentence it makes reference to the The New Jersey-based Caltech shows little sign that it would be able to muster the $3bn discussed with President Kiir in New York. The company has two addresses, one in a strip mall, the other in a residential street.
🤔
‘Attractive valuation – Market cap is ~USD36m. Gold reserves at Tulu Kapi alone are 1.05m oz and attributable company-wide gold equivalent resources total 2.3moz. Bearing in mind that Tulu Kapi is permitted and ready for construction, with bankable feasibility study, and given expected low operating costs, the potential upside, on valuation considerations, is substantial.’
Nigeria hit by widespread blackouts in 'total system collapse'
https://www.bbc.co.uk/news/world-africa-66810202
Have you and the others ever thought to question that perhaps this is just company is just a 💩 that’s it just a 💩.
………….
Nope - but I’ve often thought to question what someone’s motive is when he/she continues to waste their time posting on a stock they have no monetary interest in. 🤔