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Ariana forecast 47% rise in Kiziltepe gold production


San Leon Share Chat (SLE)



Share Price: 24.625Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.00Spread as %: 0.00%Open: 24.625High: 0.00Low: 0.00Yesterday’s Close: 24.625


Share Discussion for San Leon


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GPback
Posts: 4,553
Off Topic
Opinion:No Opinion
Price:24.625
RE: .
5 Mar '18
You are losing it.
 
frus
Posts: 2,096
Off Topic
Opinion:No Opinion
Price:24.625
.
5 Mar '18
AMC
RE: Ey by gum
23 Jan '18

you still got your money stuck in SLE?

I don't know how much longer AMC will wait Rickster.

Noloss, I dont have any money stuck in SLE, I have money invested in SLE for either the short term quadrupling of the current share price, or long term 20 bagging and reaping a substantial dividend along the way, which should not be too far off now, just a few tweaks I hear and then ready to rock an roll with than un ))

What about you, what you got round you a load of AMC that aint budging in value until I let it?

Regards

Ricky
GPback
Posts: 4,553
Off Topic
Opinion:No Opinion
Price:24.625
RE: .
5 Mar '18
So you only short rotfl.
frus
Posts: 2,096
Off Topic
Opinion:No Opinion
Price:24.625
.
5 Mar '18
BNR
Best to short this
18 Jan '18

when it gets to .55 put a little short on its quite a tradeable range Ive found.

For whatever reason, the so called market does not want this to rate higher or even equal its peers, so best to play the games they do ))

Currently short

Ricker
BlackSwan
Posts: 658
Observation
Opinion:Hold
Price:24.625
RE: NNPC/SLE income cash flow
5 Mar '18
The $174.5m loan note payments of $19m per quarter include principal and interest - which doesn't seem a game changer when set against the capital requirements of OML18 - might be useful in paying salaries of you know who?
BlackSwan
Posts: 658
Observation
Opinion:Hold
Price:24.625
NNPC/SLE income cash flow
5 Mar '18
RM - THanks your "cheery" speculative posts on the immediate prospects for SLE share holders.

In the last RNS we are told by the company I paraphrase - future payment of dividends are not expected until the impact of the alternative export pipeline and/or rig based well activity MATERIALLY increase volumes of oil.

The interest income I am sure will "disappear" into the need to set up SLE infrastructure to accompany the organisational requirements of SLE per se.

The other proposals you offer on company structure and share holdings sound exciting but given the "hold" SLE and Tosca have on us shareholders I don't see it happening - hope I am wrong on that.

We are all beholden to NNPC to continue to pay for the oil/gas we produce and they do seem to be in the later stages of reform of their oil industry vis a vie government legislation but as of today they still have some way to go on thaat - we shall see.

As is the case with "other" world countries who offer their natural resources assets for sale - if you don't like the way your treated (non payment) for example - we will find others whose terms of contract (Chinese for example) will.

Roll on April for better or worse at least if any of us want to bail out - I deliberately don't use the word cash in - then a relisting would give us the opportunity - for myself I am so far down staying and loosing the balance is worth it for entertainment value.
RichinMinerals
Posts: 761
Off Topic
Opinion:No Opinion
Price:24.625
RE: Loan Notes equivalent to 16k bb..
4 Mar '18
yes GP, for me there is ZERO risk now as even if OML18 were to evapourate tomorrow and Nigeria vanishes from the face of the earth we still have 22Om coming back to us via the guaranteed loan notes from MW which alone gives a share price of over 52p.

So basically the manipulated and distorted so called market is only valuing San Leon at less than half of what its got coming in from its guaranteed loan note repayments and a big fat zero for the asset, yet it is quite happy to value other oilers with only hope and speculation at multiples of SLEs MC, its really a text book example of markt manipulation at its finest and certainly another one that needs investigating.

Also in my previous post, as well as omitting the dividend scenario, I also left out the 3 for 1 scenario and the steroid induced RTO scenario. I did this deliberately as I do not want the non holding position defenders soiling their beds tonight, we can save that moment for D Day ))

Dickie
quelfromage1
Posts: 443
Off Topic
Opinion:No Opinion
Price:24.625
RE: Benefits of a 3 for 1 stock spl..
3 Mar '18
Nope defecation is American. But defactation is good hybrid.
GPback
Posts: 4,553
Off Topic
Opinion:Strong Buy
Price:24.625
View Thread (2)
RE: Loan Notes equivalent to 16k bb..
3 Mar '18
Dickie. Well said. There isn’t a fraction of the risk there used to be hence strong buy.
RichinMinerals
Posts: 761
Off Topic
Opinion:No Opinion
Price:24.625
View Thread (2)
Loan Notes equivalent to 16k bbl pd
3 Mar '18
Yes folks, thats right, the guaranteed quarterly loan note repayments of 19m divided by 30 days = 633k income per day, divide that by say $40 a barrel profit oill comes to 15,825 bbls!!

So we are basically generating the same revenues from the "guaranteed" loan notes as we would be if we were producing and getting paid for almost 16k bbls per day and I reiterate thats guaranteed revenue! The same way as its guaranteed that all these slanderous and defaming non holders are going to lose their shirts with their wrong way "bets"
on San Leon in the near future ))

It doesnt end there though, oh no, come ere theres more (said in a Jimmy Cricket accent for best effect) dont forget our near on 10% slice of the World class OML 18 producing asset, that although up until now has not been able to give a consistent revenue stream to San Leon (through no fault of Erotons) Eroton has encouragingly been receiving its back payments from the NNPC since Q4 2017 just AFTER we were suspended (me smells a little cheque coming our way soon lol) so add our 10% of OML 18 = approx 5k pd to the 16k pd loan note equivalent and all of a sudden we are on 21k pd!!! And thats just for starters ffs!!

Now baring in mind Ithaca was taken out for $1.3B last year when oil was around $40 bbl and Ithacas cost per barrel was $20 and their avg daily production was a mere 9k bbls, it doesnt take a rocket scientist to realise that any offer below 115p was never going to cut it with Tosca who made a point in his RNS that a price attached to San Leon by two brokers was betweeen 100p and 130p and even the higher of the two prices given would have only equated to half of what Ithaca received from Delek Group, yes I know the North sea is not Nigeria but clearly the Chinese approaches were merely opportunistic in their nature as the oil price at the time was low and the Avinalaugh saga was being waged by the non holding position defenders as a doomsday lights out scenario for SLE, which didnt help!

Forunately for the believers and holders including Tosca, the tide has turned, we are now DEBT FREE and have a GUARANTEED 16k bbl pd equivalent income for the next 18mths, plus with the ever increasing likelihood of a huge back dated oil payment landing on our doormat any minute and hereon in the chance of receiving regualr revenues from our 10% slice of OML 18.

On that note I wont bore you all with the DIVIDENDS sketch lol

Regards

Richie

P.S Say a prayer for the non holding position defenders ))




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