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Fund Manager Chris Bailey talks about an opportunist 2017 for investors


San Leon Share Chat (SLE)



Share Price: 47.625Bid: 47.00Ask: 48.25Change: 0.00 (0.00%)No Movement on San Leon
Spread: 1.25Spread as %: 2.66%Open: 47.75High: 47.75Low: 46.25Yesterday’s Close: 47.625


Share Discussion for San Leon


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honestsid
Posts: 1,484
Observation
Opinion:No Opinion
Price:49.00
FACTS not hope and jam
12 Jan '17
from the horses mouth, No income from production has bee received, as on 30th Dec 2016.

Fact "NNPC, must be asked to settle a total sum of $4.977 billion owed as liabilities."

PR, please keep to the facts not suppositions. Its not a Fact that SLE will get paid, until they ARE paid, silly.

Yes I am sure Eroton will get paid one day, but not one day soon, This is Nigeria, the worst place in the world for fraud and money manipulation. It may even take a very expensive court case, but then Mr. Fanning, or should I say SLE, is no stranger to having to spend loads on legal fees, and loosing sometimes.

good luck to all mildly encouraged shareholders.
 
SloppyJoe
Posts: 4,187
Off Topic
Opinion:No Opinion
Price:49.00
RE: Sloppy
12 Jan '17
You lied about being a shareholder for months before admitting being a shorter - I'm just wondering if you think it gives your views credibility. It certainly has the opposite effect when the false story starts to unravel.

Bro7 and Sid have found this out and have been made to look daft - They've subsequently lost all credibility as a result.

I'm just wondering why you didn't say you we're short from the start.
Waterstone
Posts: 169
Off Topic
Opinion:No Opinion
Price:49.00
Sloppy
12 Jan '17
Who are you referring to and what evidence do you have ?
Pspeedo
Posts: 113
Off Topic
Opinion:No Opinion
Price:49.00
Ha!
12 Jan '17
You got to laugh Sid but the facts is sle will be paid, but sid doesn't want that to happen!.

Now what shareholder would post such twaddle! Fact is he isn't a shareholder that's why.

https://www.google.co.uk/amp/www.premiumtimesng.com/business/business-news/218082-nnpc-oil-companies-sign-agreement-end-joint-venture-payment.html/amp

Pan Gordon

Whilst investors will disappointed that the lack of NNPC payments is holding up distributions from Eroton, the fact that this is the only main issue is mildly encouraging and the Nigerian government has been relatively vocal about their intentions to clear debts with partners in general, potentially using production barrels to settle debts. Should this apply to Eroton the strength of the oil price and higher production levels from the field could speed up the repayment process. I remain confident a 1Q17 distribution from Eroton is still likely
honestsid
Posts: 1,484
Research
Opinion:No Opinion
Price:49.00
RE: No Benefit from Production
12 Jan '17
"San Leon has been informed by Eroton that the timing for the satisfaction of these conditions is influenced by the receipt by Eroton of the outstanding balance of historic cash calls from the Nigerian National Petroleum Corporation."

Seems like the NNPC ARE dragging their heels, NIGERIA is not a good place to do business. No payments to Eroton = no payments SLE = no payment to shareholders = no movement upwards in SP.

"ABUJA— THE Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, told the Senate that the Nigeria Petroleum Development Company, NPDC and its parent body, the Nigerian National Petroleum Corporation, NNPC, must be asked to settle a total sum of $4.977 billion owed as liabilities."

Read more at: http://www.vanguardngr.com/2017/01/neiti-asks-npdc-settle-4-977bn-liabilities/
SloppyJoe
Posts: 4,187
Off Topic
Opinion:No Opinion
Price:49.50
Brothers
11 Jan '17
Seeing as Waterstone can't answer my question, can you?
Brotherseven
Posts: 394
Off Topic
Opinion:No Opinion
Price:50.00
View Thread (2)
Joe
11 Jan '17
It's patently obvious that you are just another paid hack ,I hope you're not invoicing some of the respective garbage you scribble.
SloppyJoe
Posts: 4,187
Off Topic
Opinion:No Opinion
Price:50.00
Seeing as you have no interest
11 Jan '17
What do you think these people who constantly lie about being shareholders are really up to?

Obviously your view is quite relevant in this regard.
Waterstone
Posts: 169
Off Topic
Opinion:No Opinion
Price:50.00
View Thread (2)
Sloppy
11 Jan '17
Course you did. No, I'm out.
SloppyJoe
Posts: 4,187
Off Topic
Opinion:No Opinion
Price:50.00
Waterstone
11 Jan '17
Sold them all at a profit on the huge spikes, as I will this time.

Are you pretending to be a shareholder again now?




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