that's all as may be, knees, and truly sorry this has been a bad play for you. but please do not presume for all of us and i assure you that the fat man will not be the only one making money from here...others including myself have done the maths and our last quoted sp is so far off as to be unreal - believe am supported in this view by 85% plus of shareholders. Ps. suggest you read the SP Angel report again and remember that the last wave of complete garbage posted on this board is now in a place called Avagone. Also oil price is $70 plus and Barryroe is realistically in play but dyor. Pps. hot tip - reading frus on LSE is unlikely to make you wealthy.
I am a long time holder, too long, but could not sell at a loss and still had a little faith, now written off after so much dilution , the only making money here is our fat CEO who see s us as cannon foda.
But very interesting to see where this goes.
Quite true Alaric..anyone with a supposed holding has had a long time to get rid!! If they feel the way they post!!..most have but still want San Leon's blood and it's shareholders!! hence their posts content..sle are in a different environment now with production of oil and gas and sle management are in talks for shareholders for the best deal that means tosca and us..
... am not sure anything from this poster is ever 'to benefit all'. he describes with general accuracy what might happen on an rto here but does so in pejorative terms?! why if we conclude a merger/ rto with okoloko's lot does he think that is a bad thing for sle shareholders? sle are by definition in a very strong negotiating position opposite MW, so the only reasonable assumption one can make about the likely outcome for an rto is that we will end up with a shareholding in a much more significant and robust company with considerable ambition and quite possibly no longer on AIM. that's a bad thing??
this is a post by frus, a deeply embittered and self evidently bad investor in sle. knees -
do you just cross post other stuff or what?
anyway if there is an rto then we will end up, i'm guessing, with less shares in newco, which will have a far bigger asset base and thus market cap than sle's - so what do you think frus point is exactly?
That was a frus post.. He was someone who bought into sle on a family recommendation no research nowt!!..sle was back in the time was an expo company high risk etc that risk has now been reduced some what by sle becoming a producer of oil and gas!..they are as holders now know are being paid monies owed on the loan arrangement they have also received payments last year for either services or resource payments!!..
Tosca must know this will now continue hence their help and share buy..
ugly memories, I have been stuffed like this before...............................
This is not advice Its just my opinion. I think there's a fair chance that SLE will not relist again in it's present form. In which case shareholders may be instructed to sell by a given date or they may use their current shares to obtain shares in the new company which would result in a reduction in the number of shares they own....This of course would mean that all current agreements for SLE shareholders wold be obsolete.
lets hope it not on the menu
kolthingy - you have posted strangely over time and am not sure i follow all you say here but best of luck anyway. am sure the opportunity to sell will come soon enough now one way or the other and, fwiw, you should do better than last closing price. if the rto happens, well i guess it will be a different ball game for San Leon as an important Niger Delta producer. if it doesn't then i reckon tosca will be back in the market buying every share sold. whatever has been before here with this tragic stock, i wouldn't be a seller now and as you say the tide is rising.
Ps. amused by your ref to benny Hill - deffo more my style than dostoevsky!
Yes I understand why the (extended) suspension is there but, while the price of oil has finally shot up and with it most companies in the sector (justified or not - a rising tide raises all... etc), SLE remains stuck at 24p. As SLE itself has written, nothing may come of these discussions. And, following on from its first suspension - an inability to produce a set of financial statements - a subsequent suspension hardly impresses onlookers.
Indeed, C&P is somewhat down-beat but it's like the Benny Hill Show compared to his Notes from Underground.....
Indeed I pressed the buy button of my own volition - like marriage, for better or for worse - but once again I am being prevented from pressing the sell button. You see the difference?
In any case, I am sure it will all work out much better than with my considerably larger holding in CLLN. Always look on the positive side.
and meant to add GPB, statement of the bleeding obvious, the timing of this appointment is absolutely fascinating. ..i don't easily wish time away at my age but am looking forward to the end of the month
Linda is a non-exec director at AIM listed Tax Systems Plc where the highest paid director received £94,000 in 2016.
Fanning meanwhile got a renumeration package of Euros 1,732,000 from SLE in 2016.
As Linda will be on SLE's renumeration committee she should sort this out.
Cue name calling & (entirely false) accusations of posting using other IDs elsewhere from Linksdean for being unimpressed by his hero.
kolon sounds like b7 from lse calling OF names etc and fred the fenwick ie dishonestsid!! votes his mate up!!..remember kol you supposedly bought in at 50p with no imput from OF it was your own supposedly hand that pressed the buy button!!..it was your supposedly decision so any name calling is a bit uncalled for by yourself!!
sle are producing oil and gas being paid $19m or so a quarter plus when nnpc get their finger out..going forward sle are financially in a better place and on relist I would think a nice rise will be on the cards!..
...more a case of this, kolmuzzly, since the bets are placed and the wheel is spinning. actually quite a bit has changed since you were last here, not least a number of posters have now gone to Avagone, never to be heard of again. we remain suspended until we know the outcome of possible rto negotiations with Midwestern, who have fully paid on the last quarter. and we now have a clean balance sheet and if the rto doesn't conclude, well we sit on guaranteed loan repayments of $19m a quarter. So to put it mildly, we're in rather a good position really. oh and Bonny Light is now trading at over $70.
ps. i suspect you may enjoy C&P - it has a miserable ending in siberia, which one imagines is a bit like Avagone, a benighted place for lost souls...
Came back to SLE fully expecting to see the (second - in 6 months...) suspension finally lifted, but of course not so. The OaF sleeps while all around petroleum companies soar in price. Rien ne change.
I agree QF. It has been a long, painful and expensive lesson for me. The sooner they take us out the better and of course the higher price the better. Unfortunately I have no chance of ever recovering my original investments in SLE.
ask him about buying sle on a families recommendation!! at the high end when sle went from 8p to 41p in yester year in a few weeks. but could have sold at a profit!! he did nowt!! until he sold at 10/12p but then bought back in at 6/7p or £6/£7.. strange why he now complains to you and other positive holders as if it is your fault!!!..like all the guise on lse/ad..same mob!! same hand!! same guy!!!.....funny fred the never bought any sle stock!! has said nowt since sle are now debt free.. payments made from Midwestern on time etc etc and sle are on now on course for dividend payments/buybacks etc!!
strange that from a supposed holder eh!!!..yeah! right!!!
It seems to me that the only logical thing for Tosca to do is buy out the rest of us stockholders. Now that it looks like all clear sailing and huge cash flows in the future, I am not sure why Tosca would not take us out.
I am not sure of the AIM rules, but I assume they can force a buyout whenever they want.
Trading of Nigerian oil was limited by the pending tenders, as most of the buyers often take the nations oil. Sellers kept differentials at a relatively high level, offering Bonny Light as high as $2.20 a barrel above dated Brent. Strong demand for lighter grades, due in part to disruptions elsewhere, had boosted seller ideas, but spot trading was moving slowly in general.
06 January 2018, Sweetcrude, Port Harcourt An oil facility belonging to Eroton Exploration and Production in Buguma community, Degema Local Government Area of Rivers State, is on fire and affecting nearby communities.
It is not yet clear what started the fire but preliminary reports indicate that efforts are on to contain it.
We are still trying to obtain information regarding the cause of the fire incident and the extent of the damage.
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