Member Info for wittering

I can only dream of a 28p break even price. I'm not even sure how I managed it but I have an average price of 37.19p!
No matter how may times I recalculate, it stays the same too. (lol) Started buying in April '17 and kept topping up for the next few weeks. The only saving grace was that I was redirecting funds from the sale of Sound Energy straight in to Savannah. Had an average in Sound of 9p and got out with an average of 63p so at least I got it partly right as Sound are now about 4.5p! Also the dream is very much still alive with Savannah and I feel they have every chance of making £1 a share in fairly short order. It has been a long haul though and I originally bought them for the five well Niger campaign. Went to the EGM at Canary Wharf (must have been January last year). Met and had long chat with Andrew Knott and Steve Jenkins, even met Malcy! Very impressed with the whole set up. I'm sure this company is going great places; reminds me of a Tullow (mark II). Good luck all, especially the long suffering LTH's.

I’m finding the rise in the price of Palladium incredible. Understandable though, as the current applications for it are, it appears, going to be far outstripping supply, at least in the near term.
Does anyone remember Poseidon in 1969?
( Not that I think the Poseidon story will bear any resemblance to the Eurasia story but the comparison of the scarcity of the target metal is interesting and shows what it can do to the share price)
I can just vaguely remember all the excitement, as a kid. The price of nickel had gone up because of shortages caused by industrial action in Canada and the Vietnam war. Poseidon shares were less than $1. Then a nickel discovery was made out in Australia somewhere and the rumours started swirling – none of it based on fact as it later turned out! The share price started going up as investors started buying in and Poseidon shares were soon at $3 or $4 and then shortly after $7. Over a few months they continually went on, up and up. Before long they were at $25 and then $40. Everyone started piling in as nickel went to around $7000 a ton (over $100,000 in today’s money). A broker’s note came out saying the shares could go to nearly $400 or so. Eventually the shares peaked at $280 each, several months after it all started. Then the nickel grades at the mine were found to be not as good as expected, the shares started plummeting and it all went ‘pear shaped’ a few years later. Not before, of course, fortunes were made and lost.
So, mainly Palladium but also the other pgm’s and even nickel credits too. What’s not to like ?

Hi Snowman
Thanks and yes I agree.
At long last and after many years the market seems to be finally catching up with what EUA have got here.
Over the next few weeks, I hope a market cap of around £200 million or 8p a share is posssible?

I've only just seen this. Picked up the link from the Eurasia web site. Very encouraging.
https://www.proactiveinvestors.co.uk/companies/news/905642/eurasia-mining-s-move-to-consider-strategic-options-around-its-assets--well-timed--905642.html

At risk of repeating myself (although I don't see why I should worry as some posters seem to repeat the same stuff over and over again, hundreds of times!). Just compare the current Savannah market cap with their targeted acquisitions and their Niger CPR figures and their market cap with market caps of say: Kosmos £2024million, Seplat £600million, Eland £151million or Sound £511million. Currently £88million !

ZENGAS thanks for that and also for the welcome from Delboi. Yes, KOSMOS, a great comparison and further example of what we might be able to expect. This is looking huge. These sorts of opportunity are thin and far between. Another omission from my 67p price target was any reference to Savannah’s option on the Strategic Alliance Agreement, that could also be very significant on its own. My share price expectations are already starting to look woefully pessimistic. Continuing the theme of comparison, could Savannah emulate Tullow? (Kosmos incidently were partners I think with Tullow on the Jubilee Field offshore Ghana). Aidan Heavey started Tullow around 1985, far less auspiciously than what we have here, reworking old gas fields in Senegal. If I remember correctly Senegal like Niger had no oil or gas industry to speak of at the time. A lot of deals later Tullow ended up FTSE100. Share price went from about 20p to £12plus at one point. Aidan Heavey and Andrew Knott stand up to comparison too. Neither have petroleum geology backgrounds, both own significant stakes in their respective companies, both are moneymen by career, both appear financially ‘supercute’. I wonder if we are all in at the beginning of history repeating itself?

Hi ZENGAS, fsheridan84, Agadem, Diversified, Juste, Olderandwiser, Delboi ,Parislse,Tidd83,TheBuffoon, MountTeide, and all the other contributors who’ve made this an enjoyable and informative board to read over the last year or so. Many thanks. This is probably rather naïve (only second post in 9 years, lol) so apologies in advance but: When trying to come up with a possible Savannah relist price for next week, could one not look at comparison market caps of similar stage companies for guidance? Comparing AIM listed Savannah with AIM listed Sound Energy for example? Sound Energy think they have a possible/potential/maybe 9 or 17 or even 31tcf of gas in Eastern Morocco according to internal best and worst case company estimates, plus more at Sidi Mokta in Western Morocco but no CPR yet as far as I am aware to confirm any of this. I believe discovered/proved at the moment is around .65tcf, unfortunately hundreds of miles from pipelines and years away from production. They own around 75% of their acreage in Eastern Morocco with Schlumberger owning the rest. Also, I think they have about £25-£27million in cash. Probably everyone knows the story. Now I know Sound is a gas play and Savannah mainly oil, different countries, different tax regimes, Sound intend to sell and not produce etc and all the rest of it but they both similarly have very high hopes for their respective acreages. In comparison, Savannah have 100% of a possible/potential/maybe 1.7 billion barrels in Niger according to their last official CPR and hopefully upon relist about £100 million cash. In the unlikely ‘blue sky’ event of Sound actually discovering all of their 31tcf of gas or Savannah actually discovering all of their 1.7billion barrels, I think it’s fair to say both companies market caps would probably run in to high multiples of where they are now. So therefore at this early stage and very simplistically, if Sound is worth £528 million why not Savannah? £528 million divided by say 800 million shares = 66p each ? Oh………………….I nearly forgot and in addition: Savannah will be producing around 20000 boepd. Will have 2P reserves of 99 million barrels, 2C of 34 million barrels, profits of around $88million a year . Will be paying a dividend and finally, will own part of a gas pipeline. That must make it worth even more than Sound, at least another penny a share! 67p per share? Just had a quick look at Seplat too. £580million M/Cap with $400million of net debt. Double the production yes but no potential 1.7billion barrels as far as I can see. So is 67p plus come Tuesday, or in the following few days, really out of the question? One way or another, it will be interesting!