Member Info for noix

That's easy komakino - sunbed 44 :)
I believe he's had too much sun.

Kom
As you know, the moment that happens (if it ever happens) then SAVE are obliged to inform the market.
Strange though it may seem, I see an analogy between this situation and Gary Linker.
Lineker may feel smug that the BBC climbed down, totally forgetting that the club is bigger than the individual, a fact, as an ex sportsman, that Lineker should be well aware of.
What he hasn't cottoned onto (yet) is that he now has the establishment on his case and you cannot beat the establishment. Particularly foolish if you are already locking horns with HMRC.
The Chad "government", whether they realise it or not, have similarly just taken on the world's establishment. Their actions will not only make international investors think long and hard before risking their money in Chad but they have also put the whole of the African continent under the microscope. Imagine the potential domino effect if they are allowed to get away with this.
I'm sure that the SAVE, Exxon and Petronas legal teams are on top of the situation and stating the obvious, we investors just have to let it play out, which it will in due course.
I don't do mystic meg but I fail to see, even in a worse case scenario, where SAVE have to give up the assets (highly unlikely in my view) that we don't come out of this on the upside financially.

komakino is normally the one to update us on share register changes.
It would be useful if he could post the full list as updated earlier in the year, so we can compare it with the March 16th update.

Just looking at the past 6 months in isolation.
Qtr 4 2022 achieved £48.6m a month (£145.8m) against an average of £24.5m a month for the whole year 2022.
As SNN has posted from the AR, Qtr 1 2023 has revenue of £100m booked or approximately £33m per month.
At present it's + or - around £50m a quarter until the end of the year but clearly subject to upwards revision - more bookings.

Where do you get your EPS of 100p from ?
As I said the other day, the results were probably already priced in and thus it was all about the outlook for 2023.
I note that the detail in the last trading update of Jan 23 of average monthly bookings of £24.5 m, with a particularly strong Q4 of a monthly £48.6m, has given way in the finals to a forward order book of £350m of which £247m is delivered in 2023 and a very strong start to 2023, with monthly booking significantly ahead of a record £24.5m in 2022. Why no detail, particularly for Jan and Feb. That suggests they are now somewhere in between £24.5m and £48.6m a month.
Incidentally, I don't know why or if it's relevant but £24.5m is £294 m per annum and the revenue in the finals was £278m.
As others have said, given the macro outlook, bad debt provisions for a high turnover low margin business will always be of concern.
Did anyone pick up the statement that YU actually suspended new contract sales for periods during 2022 due to the volatility of the energy markets.
Unless I missed it, no mention of water and YU Smart is expected to achieve several thousand meters in 2023, hardly a game changer.
£500m revenue is still the ambition but with "medium term" guidance and no firm guidance for this year's figure.
In short a good set of results, as expected, but too grey going forward into 2023.

Sparky if we already know the results, then surely people might believe it's already in the price, hence the selling.

"No material change"
I doubt that the always put on the back burner Orinduik drill will not now take place before 2025.

Come on sparkey, you of all people should know:)
Clue - The Wolf.............................

SNN
I just see it as a means of increasing liquidity and perhaps opening doors for ii's to invest.
It would certainly attract more private investors as well but in the final analysis, at this stage of the game, will not have much bearing on the direction of travel.

SNN
Perhaps a 10 to 1 share split post results.

Thanks komakino. I find it interesting that the ii's were bullish so close the the calendar deadline for the conclusion of Chad/Cameroon. I'm not suggesting they are closer to the action than us lot but............................................................
Mr B
All of this is speculation by us but we do know that there was a 60 day clause in the contract and although dangerous, one must assume that Savannah and Exxon were advised that to proceed was legally watertight. I cannot see how the Chad government can claim their right of refusal was not respected if they didn't have the funds to enact it, within the 60 day window.
As for the future, get the legal position clarified by the appropriate international court and then there's a deal to be done.

Komakino
Were their any reductions of note as I've not got to hand any previous holdings ?
"Battle of the wills"
Strange that the article appears in AI some 9 days after the reported court hearing. I take it that AI is still a daily ?

SNN
I ran that across the Tulchan Group and this was the relevant part of their reply:
"The difference is due to the timings of when the bookings go live and how much of the contract is delivered in the 2023 fiscal year."

Thanks very much SNN. It was the * that threw me. I was looking for a figure when it was an x :)

SNN
Could you explain your "plus Q4 of 3 * 48.6"figure please.

As it involves another company, I was going to post this over the weekend but as DP's twitter feed has been mentioned..................................
If you are brave enough to venture to the "other side" donald pond is a regular poster on both the Wanabi AAZ and mattjos AAZ threads on ADVF*. You will obviously not get any inside information but particularly on the Wanabi thread, there is often good discussion about PXC as well as many other companies in the market. Mattjos is mostly focused on AAZ and the guys on the thread know their gold and copper, with a bit of silver and zinc thrown in for good measure.
GLA and apologies for the semi off topic.

The Exxon/Ness discovery at Fangtooth 1 was 11 miles NW of the Lisa field and the latest success at Fangtooth 2 is 8 miles SE of the previous discovery.
I fail to see a correlation between these two discoveries and the Orinduik Amatuk prospect, but stand to be corrected.
https://guyanatimesgy.com/hess-announces-new-oil-discovery-in-stabroek-block/
Is a journalist getting his Amatuk's mixed up with his Aurituk's ?

lobo
With reference to your post yesterday:
"That is my issue... why even refer to expectations if you have never made any public? Particularly when the only finite range of outcomes that were actually on the table (i.e. filed into court) were $70-90m (Dow model up to 2021) to $400-500m (QD uplift model) and these were not inclusive of rest of world or payment (up front or running) for license, it is extremely confusing and it is exactly what caused panic and fear"
The only figures I have seen are those in this court document on P17. The lower figure is considerably north of your Dow model.
https://www.docketbird.com/court-documents/Nanoco-Technologies-Ltd-v-Samsung-Electronics-Co-Ltd-et-al/Exhibit-1/txed-2:2020-cv-00038-00150-002

Just remember folks, nothing in this world is a dead cert.
The fat lady has certainly cleared her throat but we still have to see what song she sings.

Whilst I appreciate that I'm speculating as much as the next man, given the accepted strength of Nanoco's case against Samsung and partners, I really don't see any mileage in the BOD of NANO agreeing on any figure that triggers a 50% payout to the funding team.
So, in the first instance what sort of settlement would trigger a 25% payout and vice versa, a 50% pay out ?