Riches if they actually exist are buried deep underground - and the only way to get at them is to use the riches that investors want to donate, obviously going to take a little more than a few million raised at the last placing - how many times does the average investor have to resolve this dilema before realising that the best strategy is to keep funds well away - and lets speak the truth, if only you held onto your wallets - how rich would you be? What % would you be up right now if you was a non-holder - x2 if you had the foresight to short it, and to be honest the foresight wasn't really that difficult to predict was it?
Clearly somebody has sufficient leverage to have numerous posts removed here.fundamentals have not changed though and Sle is a company in transition,though not necessarily to the widely held opinion by many on here that riches await those whom are patient,after five years of shareholder destruction one could be forgiven for being pessimistic.
Nothing overlooked - would you buy a supermarket chain with its outlets located in low density populated areas - every business in most sectors is trying to locate the most prospective areas to get more bang for its buck. One thing about oil and gas though it's value is geologically locked, in fact it's quite simpler than retail whereby value shifts with preferences to buy and influenced by demographics, cultural influences, affluence, tastes and fashions. So which area do you think SLE has which can fill up a trolley or two? Let's face it since its foundation in 2005 how many barrels of oil has it turned over on the market - yep, slightly fewer than my local corner shop. Will it ever roll out the super extra virgin? Well, maybe in the penthouse suite of the herbridge hotel this September.
We all have our mindsets - I interpreted this guys BB name as a slang version of " in the money" - Quidsin - the majority of Quidsin comments are disturbingly well reasoned,logical and certainly well presented considering the events that have occurred over the years - for many of us including myself it has been financially ruinous - however what Quidsin does seems to have overlooked is that SLE is an oil exploration company and not a supermarket chain i.e. a company that by it's very nature depends on surveying "possible" sources of oil and gas for high reward in areas of complex and relatively unknown geographical zones/stratas "high stakes gambling if you will", the discovery of which is followed by complex and drawn out negotiations.
Since it's inception SLE seems to have been set up and operated as a Fund of Funds type of oil conglomerate with a bankers view of safe revenue being realised as a percentage on businesses they "participate" in rather than a company specializing as an oil company per se - given that is true I don't see any reason why Tosca or others would wish to take over the company but I rather expect business to continue as usual farming in partners big and small in order to achieve their ambitious organizational and financial objectives...
Quidsin correctly points out money is required to keep the explanations moving forward and it is only the fact that SLE is well backed by major capital fund organisations that allow me to further extend my patience with the company as it struggles to realise income it's substantial assets.
One of things that has fascinated and in fact keeps me addicted to following this company, long after my stake in it has evaporated is the sheer extent of how it continues to stay in business, year after year, dashed hopes and promises, targets missed, no production revenues in sight - yet it perpetually talks itself into existence and those that believe the chatter keep giving. Ultimately, we all must know (even at a subconscious level) that this charade cannot last forever - at what point - at what load does the company deform? Which straw will break the camels back - if that's not an excuse for maintaining an observation on a highly intriguing situation, then obviously your intellect is vastly out of sync with mine - suggest you move along and take care of your own affairs instead of questioning mine.
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