Keep your heads7 Aug 2024 19:45
I very rarely post on LSE even though I read many of your insightful posts on this platform everyday. I been invested in Savannah since April 2017 and my current average is about 9.8p.
The reality here folks is that AK has now opened the door and given shareholders partial transparency into the complex negotiations that are taking place right now with Petronas and the SS Government. The RNS today simply demonstrates to SS and Petronas a ramping up or reinforcing of Savannah's position in relation to negotiating the best deal. In fact SS, Petronas and Savannah are all trying to find their BATNA and this is just the expected posturing of different parties trying to eek out a deal in its final and most critical closing stages.
I agree with many of you that the suspension has taken too long and the communications with shareholders could have been better, but he would've had to have been playing his cards close to his chest. I could be critical of the length of time this has been suspended, but, I will give him the time to execute this deal fully, even if it means Savannah has to offer a few small compromises.
I am pretty confident a deal will be on the table, it might not be quite as good as everyone was expecting before today, but I will look forward to reading what the final deal looks like that Savannah can either accept or reject.
Let's wait and see what comes out in the next few weeks.
WI