Member Info for tidd83

Juste correct. Now, id have usually said common sense would dictate the New raise price has been agreed by IIs and has been indicated as acceptable for their appetite. However given the recent turn of events i now question whether the New raise price is just finger in the air. The latest development is a farce and for the first time I am annoyed.

Nathan Mitchell still holds over 5% his position hasn’t changed it’s merely down to the issue and the threshold crossed. Can be seen clearer on the ASX RNS below and link to Mitchell Investments and Mitchell Services co also. A real heavy hitter backing Tlou. http://www.asx.com.au//asxpdf/20171220/pdf/43qb9j2jx7bx7q.pdf http://www.mitchellgroup.net/investments/ https://www.mitchellservices.com.au/about/director-profiles “

Zengas i agree reference the dividend, I did question the logic myself. Two things come to mind, appetite of income based funds and their justificstion and we all know what it’s like when divis are slashed.. divi to none a few days later would not of gone down well. They’re saving face imho but I’d rarher the cash stay invested.

So how did they not get in principle backing Joe? You can’t negotiate a deal if you can’t prove you have the means to fund it they wouldn’t entertain you.

Tony the new warrants are on a 12 month term. Who knows what the IIs said, you would hope that it wasn’t this that’s caused ruptions because that would surely have been common sense.

I’m out at the min but given that SSNs are now to take a larger equity position than cash there is obviously a premium being added. Previous extract is below, if someone has a moment it would be good to see what impact the new transaction will have on the deal: “The Agreed Transaction is expected to see Savannah acquire an interest in two onshore producing oil and gas fields, Uquo and Stubb Creek, as well as a proposed 20 per cent. interest in the Accugas Limited ("Accugas") midstream business for an aggregate consideration and acquisition enterprise value ("EV") of c.US$270m. This represents an acquisition cost of US$2.9/2P boe and an overall acquisition EV/capital invested in the assets to be acquired to date of c.35 per cent.”

Had this been carried out at any other point in the year Barr the week before Christmas id think they’d have raised at premium. The timing of it all has been poor, it’s been a mammoth task but unfortunately they’ve fallen at the final hurdle due to the festive period.

Fsheridan I hope we are or, like the last RNS do we need to wait and see?

Got to admit I’m pretty annoyed on this update

Let’s raise $250m a week before Xmas..

Merely showing change of holdings following the issue to BSE and performance shares. No sales.

Than the IIs. I’ll be taking some more when funds permit. Nice campaign kicking off shortly, 10 wells all funded.

PV have to say that made me laugh!

That lasted long hey? On a lighter note, how about some Christmas cheer? “Awwwwaaayyy in a manger, a crib for a bed....”

So the next performance rights trigger at 16p. Good to see the board aligned with SHs given these targets were set when the SP was around 8p. All easily achievable now given the Reserves news and RFP update which is due anytime. I’d latgely expect TLOU to be trading in or above the 20-30p+ range if both are on par or above expectations.

Jim id agree there will be new boys to the table but given the last raise was done with less assets, lower POO, before the upgrade to the CPR and yet they were happy to sink in $40m at a premium do you honestly believe now that SAVP are taking on production assets at a huge discount, have an increase in prospective OIP and are about to embark on the drill program there going to just not bother anymore? Let’s not forget and as I said prior to today, before Seven would even entertain the offer and BHs agree to lock-in savannah would have had to show ability to make such funding arrangements even in principle.

“Unfortunately, MountTeide, the IIs now have AK by the short and curlies. If they say 10p, then the placing will be at 10p.” More BS Jim, so those IIs who took place in the IPO and the previous placings all loaded in at an average of 42p. Raising $40m when the price was 23p at a 38p premium are now going to come to the table with an offer of 10p and dilute themselves to oblivion because that works well for them? Your getting worse..

Jim I’m not blind and I don’t condone their actions in regards market updates I never have. My argument is that until an update is known you know as much as I do so, the BS being posted of “its this and it’s that” is just more speculation and hearsay. Give it a rest and wait for an official update.

Expected timeline not fixed.

Jim tbh until an RNS comes out it’s just the same old carp all over again. As I said yesterday, the sooner this relists the sooner those who are consistently moaning can move on. Whilst I accept we need an update of clarity I don’t see the company against the wall as you and others keep alluding too. It’s a repeat performance of all the BS we put up with from the likes of you over the last few months when you portrayed your opinions as facts telling us the shares would delist and AK would be gone into the sunset with bags of cash never to be heard of again. All as your doing is redressing that same BS as something else. You were wrong before about the delist and bail out placing and I still think you are wrong again. Wait until the update is issued, don’t go counting your chickens before they hatch for a second time. Furthermore for someone who is long and heavily invested who has only recently made an appearance you seem more upbeat about being proved right on a B.B. than you are to see a profit on your holding. If you wish to see total decimation of your holding just to save face on the LSE BB well more fool you or, as appears to be the case you have an ulterior motive or else your behaviour is contradictory.