RE: 300k buy23 Jan 2020 11:31
What don’t we know.
Based om my experience with SDX I am worried about the reasons why the market is so sceptical about SAVP and fear they know something we don’t.
With SDX the SP was about 50p and Welch was shouting from the rooftops No Debts, Increasing Income, Big profits, 8000 BPD by the end of the year etc etc. Yet over a sustained period the SP dropped from 50p down to just above 30p and the BB was full of the same questions being asked here.
The Market new that Welsh was full of **** that became clear when he resigned “was sacked” despite peddling the on course for 8000 bdp until only a few months before he got the boot. The SP then dived to 20p.
Aside from the fact that the market does not appear to be convinced that Niger can be monetised and the FCF in Nigeria will be as advertised “during restructuring I wonder what else does the market know that we don’t.
It worries me that AK has said that 7E aws just the beginning further acquisitions to follow at a time where we have not got a programme or a partner in NIGER etc and I can certainly follow the logic that there main focus is market CAP increase and Salary Bonus increases. Cynics might say that in that contect the CEO owning loads of shares is a ruse.
This is my biggest holding.
I looked again at the weekend and if what we are being told is true SAVP is a no brainer but I thought that about SDX and look what happened there