Member Info for NicetoMichu

HS.. Those World Bank guarantees are huge in my mind.. while I never want them to be called upon and guess they won't be; if ever called upon, not only would the World Bank then have the Nigerian government on the line for this debt anyway, also, very importantly, it could end up effecting Nigeria's credit rating.. given Nigeria's general borrowing requirements and the interest rate implications of a credit rating downgrade it seems to me, for that alone, abundantly in the Nigerian Governments interest to just continue helping out with payment of Savannah's Calabar invoices as needs be.. ( and that's not even factoring in Save.l also key energy provider to national grid status and the Nigerian Governments core strategy of facilitating the building out gas provision largely to under pin their national grid development strategy.. etc )

Hence why the invoices are being well paid so far and the CEO's forward looking confidence too.. all imho

PS; Was it PorscheFund who noted that the Auditors in the fairly recently released 2019 accounts had an extraordinary high degree of confidence in Save.l getting their invoices paid in a reasonably timely fashion going forward.... if someone else apols.. please quote that per cent confidence again as I almost fell off my chair with joy when I read it ?

75p to 1.5 p in 10 years might see some long term shareholders here having to rough it too, alas.

The first PL interview I saw a few years back had him in a pair of cowboy boots and I then looked through the accounts and saw the extent of monies that had been blown here and thought how apt.. I was cautious on this off the back.. and I've not seen him wear cowboy boots again since in interview, thankfully

(I do think the penny dropped for him a while ago that the post 2010 shale world is universes away from the pre shale world.. it took far - far - too long for that penny to drop .. but the future should be bright from here now imho )

Hello ( innocuously )

perhaps even very odd i'd offer JDAU

i'm guessing it's not to allow TW buy back in here ahead of them FK1 ! ( I wish it were though )

Tricky for me in deciding whether to top up here currently.. somewhat tempting but I'm holding off so far.. we really need some good news on plant move across the SA border asap... that would start some sort of a decent bounce back imho.. but if that is delayed from here then i guess this could easily go - decently even -sub 1p though.. (i'd defo add some then, but hope it doesn't happen for the rest of you long suffers, and indeed me to a reasonable extent again now too)

PS; I hope JDAU hasn't fallen out with his Dad over the last day or so.

The Dribbley one is indeed some dribbler for one dribbler

There was even a Muppet on here recently predicting 4p by year end Noel .... You just couldn't make it up !

Also thanks to the 'Dodgy One' I can't get the muppet theme tune out of my head now.

Altogether, this bulletin board is the most entertaining I've ever been on, hands down.. and losing money and having a laugh about it is far more useful than just losing money imho.

I'm a top up buyer here at .75p btw

buy low, sell lower (or just don't sell at all)

MMP own the equipment/shipment/'Ard rock project and all - not least CB - would logically hope they would want to get on with moving equipment asap.. but it's their call and not CB's as and when etc..

All fair questions HS.... and the workings between Calabar and Fed Gov and Save may well remain opaque as 'it's just the way of things' .. The CEO has delivered well so far, clearly.. and seems very confident he'll do so going forward too.. that might not be enough for you of course, and fair enough.. it's ok by me though.. and if we keep getting paid broadly as we now are then there is very likely much upside in this s/p to come imho .. and, on top, as Zengas is at pains to point out, the output/client base/revenues are very likely going to grow considerably here - ie in our Nigeran business - as we go too and unit costs come down from this scale too.. so the potential here is huge imho.. but, in my mind, the caveat always remains, as it's Nigeria, culturally, all sorts of people often feel they're doing a favour in actually paying bills owed.. etc..

fair points well made Gixxer... this has morphed into something far bigger than most betting here for Manica purposes envisaged, for sure.. but that's often the way for AIM companies (eg my biggest bet is save.l what that is now versus then etc ) and all could still work out great here.. much chance involved, as ever, of course..

should have added ..he may have work obligations associated with the licences that he can't push back a lot. in fairness.. or he may have much flexibility in what work he does when.....I have no idea and will leave it to cleverer than me and/ or more financially exposed here than me to understand that better.. if they even deem it worthwhile.. besides guy fawkes and Alluvials part deux could come up nice trumps too.. and that'll help a lot..

wow, so meaningful potential lending facility agreed too.. I do understand why he's doing this but I very much hope he doesn't draw much if anything down from it.. if he does then it complicates things much further here imho.. hopefully the market holds judgement here .. as he may bot have to draw down from this..

If The - Mr Colin - Bird had known Co-vid was coming he'd not have spread his wings - into copper plays - nearly as widely as he did, i'd guess.. but all is far from lost, but perhaps best he holds serious copper fire until gold revenues are available.... ie as gold play development will be slower he should just hunker down patiently imho, but will he..

Just looking through posts after 12,00 now.. and would offer to Gixxer that there are a myriad ways TW could get wind of a placement in the making, aside from CB telling him.. most likely the broker will be canvasing around looking for participants and TW will easily get wind of it.... sure he may then go to CB and say you need to go another way about raising this time etc.. and in the end throws his toys out of the pram etc.. .. So any investigation should start with TW and where he gleaned such info and then be grown out from there.. but they'll not do any I expect as such canvassing noise about placement is always giving out inside info. out, by definition... and only if participants are directly seen to sell down ahead of placement and then participate in placements are there deemed grounds to investigate, i'd guess .. and I'll bet for eg TW didn't directly take part in this placement.. and all are well versed generally in avoiding investigations being started..
( CB has been around a long time and is far from dumb, so i'd be amazed if he directly gives out such inside info to TW or anyone else )

nail on head in terms of jointhedots read - a few posts down - on the future being very bright here imho

Accepting the extremely punchy and regular volatility here may not be for the feint hearted, more generally, this is a share that I am confident to very confident on in 2021, whatever way the global macro cookie crumbles.

the s/p was motoring up towards 12p but got punchily dumped into.. but that will help to more quickly clear out the recent seller(s) at least.. and this fine update gives strong reason for meaningful buying to continue from here forward now... and while there will always be some selling as you go, regular size buying from now on could markedly change the whole share price dynamic here.

The present and the future look very bright for Save.l and its share price is clearly very materially undervalued imho

Very well played Mr Andrew Knott and please keep up the good work.

interesting time to put out the half year report.

Classic Bird.

But not a(n) 'ard read, in fairness

'Burying' production news to an extent though....already clear it was towards semi joke levels in this period anyway granted... but also plenty of hope for the future within it too imho.

An attempt to move the debate on from the placing as quickly as possible imho..

Indeed LittleWing and sadly, the extent of dilution here over the years is a total mare for longtermers who haven't brought their average a - big - ways down during the journey. ( but the raise is relatively small and the price poor more than awful.. but, as you say, the warrants on top add meaningfully to the bitter taste, granted )

I only like soft boiled eggs.. but given the news that was in it, I felt I had to go for the 'ard boiled this morning .. and I did not like it one bit.. but it got me to the place I needed to go to buy some more of these doggies after breakfast. I still see light for many players here in the future, not least range traders.

Ee ba gum , as predicted by quite a few, the one and only Mr Colin Bird strikes again.

Unsurprising, oh well, and at least it's out of the way now..

So i just did an average sized top up. Growing from a small towards medium position here again now.
(Remains a long way from a big position I once had here granted, and I won't be going that big again here, for sure )

Plenty of twists and turns to come in the journey here still I expect.. but plenty of potential also.