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I recall mentioning this a while back, he was on a Non Compete. Talked about new hires in the audit & control side of things. I would not be surprised he had a look into the affairs of SAVE without formally representing them. Time will tell

Zengas, what are your thoughts if Niger is a zero. I understand the Holdco structure and non recourse debt. What are your thoughts on the current net debt/Ebitda of SAVE and what can it withstand in terms of Chad/Cameroon litigation drag, Niger impairment in order to progress. Reputational aspect is starting to impact to some extent like small player, undercapitalised to have an aggressive M&A expansion in difficult jurisdictions. In the end AK must feel like if all fails Nipco is the backstop and he would simply sell out. And SAVE is really just about Nigeria. Honestly lost with this one right now.

And in all seriousness, the 75% is on votes cast as a special general meeting resolution. And Nipco and Knott with 50%-57% are almost there on a low turnout. Not impossible.

Moho I said Nigeria in jest. Clearly was a joke.

You remind me of Mark on this click . https://youtu.be/t0wL24zejBs?is=S23exvJ4ALLPMJ-K

Or are they just going to re-list in Nigeria? Obviously joking. What is the status?

Did they not mention they would be engaging with shareholders in June to get feedback regarding listing venues? Really? No update on this?

Last day to trade with the risk they could confirm they lost the 4 blocks whilst suspended. We can’t ever be sure. But I hear your point of view

Sure, but is SAVE who has to hold our hands and explain. All seems like cloak and daggers. The Nipco loan, the share premium account, like what are they for exactly. The Panel dispensation request under rule 9. Why is everything so convoluted at this company? Look at SAVE’s guidance on Niger over 12 years. I draw a lot of conclusions. Noix when did you watch this interview for the 1st time?

The Prime Brokers to CFD and Spread betting companies will likely want the underlying clients to not be on margin and fund the trade 100% . Could be a request after the suspension. Otherwise they get closed out at zero according to policy. This could cause forced selling today given the suspension tomorrow. Whole thing is a joke. I get the RTO suspensions, but not having the audited numbers ready is just laughable.

The Ministry has asked candidates to show Balance Sheet strength and I guess proof of funds to operate in Niger. Do we know what the state of play is? What kind of financial guarantees are they expecting? The interview alludes to all this. Sonatrach and others don’t have this problem.

“Being returned to the public sector “ means exactly what? Sounds like revoking the licenses. But it would be good Save clarified what the Minister said. Other companies are way more proactive with their shareholders.

Nobody has picked up on this interview with the Niger Minister of Oil/Energy. He is stating 4 blocks to be returned to the state. I mean, Savannah are you going to clarify? This is pretty material not in terms of DCF valuation but an asset impairment.

Hamadou Tini was interviewed on State TV on June 11 about Niger’s oil strategy, and he clearly states 4 blocks will be returned to the state. It is in French. Got to transcript and use the time stamp 22:34 . Savannah are these your 4 blocks? Can you clarify?

https://youtu.be/MQglLXwR_j4?is=Zbegr0JJiFs1m_F-

You did not even provide us with guidance of an audit completion date. You let the stock trade 1 day before the suspension and don’t have the decency to support the share price. What a joke of a company. Lost my respect and Mr Knott enough is enough.

You never replied to my question. Still waiting. You seem to mix terms. You claim they claim they currently have distributable reserves. So can you explain this?

I agree with other posters here. You sail very close to the wind. And frankly not sure what the point is. A bitter ex shareholder who wants to justify a realised loss?

And of course we all want to be right in our views. But you could be a bit more constructive. Be a less bitter person. And if you lost on this one, just move on or try to work out what happens from the current levels.

We are all upset with their style of communication. Things could be drastically improved. We obviously can call some things out in terms of stewardship, fiduciary duties and governance in general. You have your right to infer or speculate. But bordering manipulation is not being a good sport.

Can you run me through your theory on subsidiaries and their “current distributable reserves”

Sally, when will you allow the company to take difficult questions instead of a presentation with disclaimers stating an investor cannot rely on the information provided. Let’s step up to the plate and offer your non Nipco/AK shareholders a live Q&A session. Minority shareholders have not had the opportunity to be able to engage with your opaque communication style.

Where do you get this from?

What do you mean PLC has distributable reserves?

Hi MP,

Yes the solvency statement is sufficient alone, but you if you are a director about to sign a pice of paper that carries the risk of jail and fines, I would say the pragmatic process is to have a back up to the statement by way of helpful evidence, which in essence is to have a signed unqualified clean audit report.

Are you using a CFD or Spread betting? Spread betting you are trading vs their outside the spread quote and not the one you observe in the official market.