I pointed this out at the end of December, only to be shot down in flames by the usual very worried ramping team who seemed to be in denial as usual. Exactly that, there would be a gas price war adversely effecting SLE's chances of meaningful production income.
Yet another CORRECT PREDICTION from honestsid, you really should listen a little more carefully. lol
I also mentioned consolidation was a possibility 18 months ago and guess what, yep that prediction came true, leaving every ordinary joe except the ramping team feeling as if they had lost an awful lot of money due to that canny financial maneuver by the stockbrokers. That enabled Tosca to get a strong hold of 41% overnight.
With my prediction of a reverse takeover coming true, for that is why, in effect, that SLE is in suspension, will my prediction of a cheap Tosca buy out, leaving ordinary joe feeling short changed, come true?...as in the past, time will tell.
I am still waiting for a prediction from the ramping team to come true! Or even a forward looking RNS statement to work out as planned.
Good luck to all us genuine, long suffering, PRIVATE investors, we need it.
Indeed Dandyman, there is no doubt that he see's SLE as a great way to make money.
Are you one of his wealthy private clients as Martin is not here to make money willy nilly for complete strangers who pay him no commision Or are you just hoping to "get in" on his shirt tails?
Any idea why they need to control 41% of the shares but not the company? I think saying he likes the way it is run now wont wash as even if he did it would be far wise to have the option to control SLE when/if needed. Like so many say Mr Hughes must be a very wise rottweiler It is most unusual to ask for a waiver on the take over rules....speaks volumes to me.
Perhaps he is just waiting to take control of the whole company when the time is right, he will probably be able to anticipate that before anyone on the outside of city circles, with 41% in the bag the rest will be easy pickings, and very cheap, timing is everything, as they say.
And MY summary: with OLM-18 we can see tosca's REAL appetite for this company.
They CLEARLY see SLE as an alpha vehicle for swallowing up the vast opportunities in the O&G market today.
We're not only sat on our own exciting plays in Poland and Morocco plus our NPI in Barryroe, but it looks like we're using tosca's financial leverage to take advatntage if some of the BEST production deals in the market at the BEST time to go hunting for production assets. Self sufficiency will breed immense success here.
We as shareholders are set to go on the journey of our lives UP UP AND AWAY!! ... all imo...
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