Member Info for Snaffleman

One last big opportunity for the dire tors to load up at manipulated very low prices before any good news mo is the sp north.

The comment that it is at a 2% premium to the sp on 27th Jan is an insult to our intelligence and z ki k in the nuts to PIs

Completely expected AIM behaviour of course. Why did the not wait for EWT results a d raise at a higher level? Well they did not want to top up at higher prices.

The bit AK forgot to say during the interviews
All of the board are very happy to have Vitol on board as an additional institutional investor adding to the loyal list of existing instis who currently hold approximately 55% of the Company’s shares. The company is optimistic that there may be further news in the future relating to Vitol’s decision to invest in SAVE at this point

I personally would have thought it hugely risky to short based on TA only. Be aware that if good news on new Customers or Niger plan arrives soon it might cost you a lot of money. You seem very relaxed about the risk.
The company website says there are no short positions currently on SAVE but I don't believe it its probably never updated in which case they should remove the feature

“C5+” readings in the mud gas"
What does this mean? I assume many like me will not know

Following the great drill results in the interviews that followed it was explained that there was still a lot of data processing and analysis to be done to inform the EWT. It was strongly implied that the EWT would commence in early 2021 and the general consensus from several posters seemed to be that the earliest we could expect the EWT to commence would be late Febrary and most probably March. More pessimist Folks though April at the earliest, The RNS today has caused many to think that it may not know start for "many months" and some folks may be selling down for that reason hence the drop. That is why I was banging on about transparency and clarity of communication. Its is good buy opportunity imo and I will be trying to get some funds together today

I trust he wont mind its an excellent post:

It means the existing EIA study under taken for the A site itself and its extension does not compromise the existing permit.
It also mean that A1 will be reworked via a side track to allow Gas production.
It also mean that A2 will be reworked to allow pressurised OIL to free flow following a side track and slotted liner install deep into the Cadeby.
I would also expect any production to be piped to a production site close to the existing pipeline routes.
DYOR

AJames Thanks for the clarification I think you are correct about what it means. It is not however what it says. My goodness the author of the RNs and the approvers should be embarrassed unbelievable

The use of the word comprise is what I am querying it makes no sense to me in the context of the sentence. Overall the English is diabolical and they could have provided explanations for some of the terms used. This RNS will confuse many. I

What does will not comprise EIA development mean?

What does would not comprise EIA development mean? Do they mean compromise?

I don't personally buy the collapse theory I recon that a meteorite has smashed into the drill sight and rendered the whole area unfit for drilling. Its the only logical explanation

That is Paul Pinnochio Welsh's poison legacy

Niger is valued as zero by the market at the moment. Also based on limited reading the insurgency is located in a different part of the country from where we are operating (need to double check)
Chinese still building the pipeline
Yes its a risk and worth being aware of but don't lose sleep over it imo

Only joking of course but I genuinely feel that we are getting close to news that hopefully will get us into the 20S and if Niger is included then who knows

As a tight fisted Scotsman even I say get in now before you have to pay through the nose at a far higher price.

From the rns

"a new gas sales agreement is being finalised with a significant new industrial gas sales customer, a subsidiary of a well-respected international company, "

Significant high calibre customer
presumably significant volumes and profit margin
Low payment default Risk

Certainly relevant to attracting new IIs.

Go on AK - Show them the money

Does the Market know something we don't? Unlikely in my view I assume that any serious fundamental problems/risks with the business would be known by the world bank and they would not have agreed to the partial payment guarantees if that was the case. Also it is my understanding that any such payment difficulties would have been visible in the cash results published to date. This subject is not my forte and I invite others to provide a more comprehensive response.

I managed to get just under 10,000 this morning and am intending to get another 10,000 this afternoon. My dam tax bill has prevented me from getting any more

You posts have just reminded me to get that buy order in on Monday morning.
Zengas and Agadem I have yet to read a compelling well argued case to those who draw different conclusions to your well articulated analysis. My personal view is that the market has got this one wrong and cant see past the debt which is reducing fast. I hope I am right and I think we will be in a far better place in 12 months time. My major concern is not with SAVE but the global macro economic environment but that risk is always there. As I stated in previous posts I am convinced this is a rare opportunity mainly arising from the recent dreadful sentiment in oil and gas but that situation is changing fast hell even president is moving north fast (well done nice to michu)

Far more advertised buys than sells today and almost every day this week and down she goes. It is within the MMS gift to do this if it suits them. Personally I am intending g to top up on Monday but am expecting the sp to magically go back to 15p as soon as by buy order is placed at 8 00am on Monday mor ing

Surely they can provide a very Rough idea is it 1 month or 6 months with suitable caveats. End of Feb was estimated by one poster but is that an educated opinion I do not know