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After numerous emails to SAVP my latest email was forwarded to Jimmy Lea at Celicourt, below is his response.
Thank you for the below. To confirm, the Company plans to provide an update to the market in the near term. Sadly, we cannot go into specifics on timing, but if you are signed up to the news alerts on the website you will be notified when it is published.
On your point around the payment situation in Nigeria – Savannah continues to receive payments for its gas production in-country.
Best,
Jimmy
Jimmy Lea
Director
So if payments are being received, to add on higher production, what would be delaying the update?
Q1 final figures?
Niger CPR?
Farmout?
Additional Nigeria gas assets?
Existing and new iis being allowed to buy sub 10p?
If it hadn't been for NEX, CINE and AA, my portfolio (thanks to SAVP) would be on the floor. It's hard to know why there's been so little news from the company and my 'trust' in the BoD is wafer thin. The sooner we get an update the better then I can review whether to stick or twist. I can't dress this one up, it's been my biggest 'shocker' (loser) for years. C'mon SAVP tell us the state of play via an official RNS!
Thanks for sharing longshorttrade. You've got to admit it's a p**s poor way for the company to update PIs' though. It's hard to fathom out what the company is up to/how it's performing etc. Surely we should have had some sort of update by now in view of these 'unique' times?!
Thanks Longshort
SAVP the only share I own that has not provided a COVID update. So why no update, if only to say the lights are still on! I still suspect they are suffering significant arrears on gas payments. However Jimmy Lea implying not an issue.
Very odd, if waiting on a good news update (eg Niger CPR or more gas sale contracts) announce reassuring Covid update now (ie SAVP not in distress) and then the good news a few days later. Then we get two bounces.
Directors are losing a great deal of PI goodwill. Anyone know which directors, if any, seeking re-election at next AGM? Finals out end of next month.
Will an update precede or follow results ? PC i agree with your sentiments a reassuring update would do more good than harm at this stage.
Knott already knows there won’t be a face to face AGM. The best anyone pcan hope for is a live video conference.
What an absolutely disgraceful way to behave towards the non institutional shareholders.
Buffy
Blame it all on Covid19.