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Michael Masterman talks on WRES potential & Tungsten market Watch here

Michael Masterman talks on WRES potential & Tungsten market


San Leon Share Chat (SLE)



Share Price: 56.00Bid: 55.00Ask: 55.50Change: 0.50 (+0.90%)Riser - San Leon
Spread: 0.50Spread as %: 0.91%Open: 54.75High: 56.00Low: 54.75Yesterday’s Close: 55.50


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honestsid
Posts: 1,558
Research
Opinion:No Opinion
Price:55.875
OPINION ON PAYMENTS
14 Mar '17
Not my opinion, but someone else's who appear to have similar opinion, thus proving you can not trust sloppy research and have to do your own. Will Eroton EVER get paid by NPCC. If they don't then I understand Mid Western don't get paid so SLE wont get paid. Remember this is an immensely complex deal in the most untrustworthy, corrupt, and fraud ridden third world country in the universe!

"Hi Linksdean I don't post much now on these blogs, because most have degenerated to petty squabbling.
As I say I.m not sure on Tosca's motives - I don't trust the city at all - us pi's are just here to be used, and abused.
Like many others I have had my fingers burnt the last few years on this share, and others.
I was in Forum Energy, and the major shareholder there eventually bought the whole co.
I have an active life, and hanging around on blogs is not my priority, but I do keep an eye on my investments....
GLA."

Thanks to Black Swan for reminding me to read the III board.
 
honestsid
Posts: 1,558
Research
Opinion:No Opinion
Price:55.875
Bitter Sweet News.
14 Mar '17
For those that only have time to do sloppy research.

Will Nigeria Be Forced To Join The OPEC Production Cut?

Nigeria could lose its exempt status in the OPEC oil production cut deal, as it restores its daily output to levels last seen before militant attacks on infrastructure in the Niger Delta began.

http://oilprice.com/Energy/Energy-General/Will-Nigeria-Be-Forced-To-Join-The-OPEC-Production-Cut.html
SloppyJoe
Posts: 4,302
Off Topic
Opinion:No Opinion
Price:55.875
Sid
14 Mar '17
I was referring to this concern over a squeeze out which you invented - and which some people seem to believe is real.

The average SP for the last 3 months is 50p or thereabouts.

It might not fit the horror story you've been trying to write but its what we've got.

Might be time to invent a new concern. Try using a spare ID to discuss it like a real conversation if nobody responds. It's worked quite well for you these last five years.

Not really scary though the squeeze - Not sure if there's any mileage in the POO collapsing as B7 suggests - Do you want to try and get that to float instead? Lol...
BlackSwan
Posts: 469
Observation
Opinion:Buy
Price:55.875
RE: NPCC
14 Mar '17
The lower oil price will be to the advantage of the low cost producers who will take the market and still be profitable that includes Eroton/SLE in Nigeria - i.e. us PI shareholders.
BlackSwan
Posts: 469
Observation
Opinion:Buy
Price:55.875
Chaff blowing in the wind indeed!
14 Mar '17
I concur with Surrey_Hills over on iii -
There's another point here that the few dozen posters on this board are chaff blowing around in the wind. They have zero influence on the stock price whatever they write, positive or negative. Anyone who thinks otherwise is avoiding reality and wasting their time. Better off making or reconnecting with friends in the real world, getting down the gym, learning some new skills or doing some good deeds.
Brotherseven
Posts: 505
Off Topic
Opinion:No Opinion
Price:55.875
RE: Quite right Sid
14 Mar '17
'New oil price slump beckons 'FT
Brotherseven
Posts: 505
Off Topic
Opinion:No Opinion
Price:55.875
NPCC
14 Mar '17
Surely an announcement is imminent,one wonders what TFund will do if it not forthcoming?given that a growing number of hedge funds are shifting their positions on oil and a supply glut that would appear to indicate an oversupplied Market until the end of 2019.
honestsid
Posts: 1,558
Observation
Opinion:No Opinion
Price:55.875
RE: Quite right Sid
13 Mar '17
Sloppy, you are miss-quoting me again you numpty, you missed a zero off. Silly mistake to make but I understand how you made it so you wont get marked down as long as your working out is in the margin for all to see.

Show us all what you mean, how you work it out, only a 10% possible down side?
quelfromage1
Posts: 317
Off Topic
Opinion:No Opinion
Price:55.875
Tit for tat
13 Mar '17
More pointless tit fot tat.

Panmure reckoned they "remain confident a 1Q17 distribution from Eroton is still likely" so let's see.

Even if it happens I expect an announcement but don't expect shareholders to see it in their (our/my) pockets until some time after that ...
QF
SloppyJoe
Posts: 4,302
Off Topic
Opinion:No Opinion
Price:55.875
Quite right Sid
13 Mar '17
Another good point - very limited downside here, even un the (remarkably) unlikely event that it gets taken private.

If you weigh in the chance of a 10% loss against a potential TO or the realisation of value from Barryroe or Nigeria then the risk vs reward ratio is quite obvious.

As you say, it all points to upside, unless you want to worry about this squeeze out (invented concern with a possible 10% downside according to you).

Good stuff chief.




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