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ETF Securities experts James Butterfill and Townsend Lansing: did you know you can go long and short on ETF's?


San Leon Share Chat (SLE)



Share Price: 18.00Bid: 17.75Ask: 18.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.25Spread as %: 1.41%Open: 20.00High: 20.25Low: 17.75Yesterday’s Close: 18.00


Share Discussion for San Leon


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BigBear2
Posts: 3,683
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:21.75
So this
14 Sep '17
Is the exact same spread as when I bought in yesterday!
Let's see if the put the boot in again to clean out all the stops from those that bought in what now appears to be normal trading.
 
BigBear2
Posts: 3,683
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:21.75
RE: 19p
14 Sep '17
Thx, but how on earth did they let cash in bank be around 1 mill??
Seems insane.
DanBrown83
Posts: 2,182
Off Topic
Opinion:No Opinion
Price:21.75
RE: 19p
14 Sep '17
the cash flow issues would of been there and the low ball offer would have taken these into account
Actually all of this was taken into account when this was at 30p, fact we are in a stronger position overall, the MM's have played it for some large Investors
They are working on plugging the short term gap (have identified a lender who is willing too if needed), with the BOD saying - worst case scenario its needed until mid 2018 (while looking realistically its only needed next few months) to cover Avobone

Funding RNS = 30p+
AVOBONE paid off = 35p+
Interims (depending on revenue / how Avobone is reported in Accounts) could go either way
Operation Update - December / January from Eroton regarding further works + 100,000+ barrels gross production

Debt Free worst case scenario by mid 2018
BigBear2
Posts: 3,683
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:21.00
RE: 19p
14 Sep '17
They must have known about the cashflow issues here when they mooted the 60p+ offer, so why not come back now with a circa 40p bid??
BigBear2
Posts: 3,683
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:20.75
Order Filled
14 Sep '17
Now let this off the leash....
DanBrown83
Posts: 2,182
Off Topic
Opinion:No Opinion
Price:20.75
View Thread (2)
RE: 19p
14 Sep '17
in regards to the offer, just have to wait - they have had something like 75 days now and nothing so i doubt it - unless they weren't seen the drop and thinking a low ball offer in the 30's (half the price) is a cheeky bid
TOSCA clearly are not too happy but can;t do much other than hold and possibly provide further short term cash in the next few months
Brotherseven
Posts: 716
Off Topic
Opinion:No Opinion
Price:20.75
RE: 19p
14 Sep '17
My guess is that it will fluctuate at this level for some time yet and there is always the possibility that Eroton will make a move with TF blessings.
BigBear2
Posts: 3,683
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:20.00
RE: 19p
14 Sep '17
I hope so that really was a ram raid on stops....
The main thing to bear in mind is an II wants this big time....
Also they are expecting feedback from the Chinese on the 60p+ bid and there are 3 other parties they are talking to...
Could be a lower offer may be coming in??
Any thoughts as due diligence has been done
DanBrown83
Posts: 2,182
Off Topic
Opinion:No Opinion
Price:19.00
RE: 19p
14 Sep '17
moving up - passed 20p
Have the MM's done there dirty deed, got the Institutional Investor some good cheap shares and now going to move normally
opulentia
Posts: 2,198
Off Topic
Opinion:No Opinion
Price:19.00
19p
14 Sep '17
Good price to add a few given the risks ,IMO

GLA roll on the AGM for an update




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