"To lose 25/ 35% alarm bells should have had you wondering but you let it go all the way without a wimper." Fastlane
Many have written here that they were persuaded to hold onto their shares for longer than they thought prudent, even more were persuaded to "average down" all by posters that have since been banned from this site for lying and ramping and other abuse that may have been considered market manipulation and even part of a pump and dump scheme, in my opinion of course.
I thought you were aware of that Fastlane, as you have obviously been reading SLE posts for a few years now, although, strangely enough, you have only just decided to join in.
Spudderman. Well said. I think it would be a brave man who gets in the "fastlane" at this stage. I still have faith in the company and I will hold out and see what happens. Investors should be guided by reality rather than a lot of the garbage and bickering on this chat show. We do seem to be edging in the right direction, Fingers crossed.
Wow, thats got me really excited, I can't wait to throw as much money into this 100% guaranteed multi bagger as I can. Can't go wrong. Oh, wait a minute, I've been here before (buy the way), was it Poland, Morocco, Spain, no I don't remember, anyway lets get pouring our money the way of this brave and intrepid entrepreneurs. I'll take it all back when we hit £12 and I break even, happy days
Brotherseven - I did start to wonder if given the time delay and recent share price level that even SLE/OF/Tosca/MH weren't genuinely put out of step with the price they had to go down to in order to raise the capital - given they had recently financially "saved" the company at a price of 80p - let's not forget its dog eat dog even in the world of fund managers - interesting to see how Tosca finesse their way out of the current debacle,
I am not a believer that Tosca want to own 100% of an oil company such as SLE, a percentage yes, say with the likes of Soros as was initially the plan, but not 100%. It's more their style to take total control over more "conventional" on shore businesses but not to take large risks in the financing and political challenges associated with "offshore" big oil.
I read on BB iii individual comments regarding OF management capabilities, given his "failure" to generate income, and asking why he hasn't already been fired as per Tosca's usual rules of engagement, Let's not forget that at this stage in the evolution of the company searching/wheeling/dealing/high risk taking is the CV requirement for the CEO position of the company with the aim of seizing opportunities in the oil/gas industry, preferably whilst preferably remaining solvent, a job which to date one could say OF has been fairly successful at given the current difficulties with price levels/opportunities in the oil/gas exploration industry in general. Looking back at the OF record reveals an showman/opportunist, thats what he does and that's what he is paid to do, one could further comment that at this stage of SLE company development he is exactly a type of CEO Tosca wants in charge of the company.
Lets hope SLE will be successful with this new Nigerian "ad- venture", I have to admit when I first read of the deal I thought it was a risk to far but then later as more information "dribbled" out with regards to how it had been set up in order to minimize risks by way of a complex set of deals I thought risky it maybe but then again it could develop into a opportunity which might just enable us long term shareholders to recover at least some of our heavy losses. 2016/17 should be an "entertaining" period for us long term investors heaven knows we've already paid a high price for a ring side seat at the show.
Blackswan, I'm reminded of two films: The Sting (Newman, Redford) and Dirty Rotten Scoundrels (Caine, Martin). The common theme: every player in the game thought they were putting one over on the others. Let the game commence!
Callasjunkie - Good summary - given minimal in depth information what can we conclude - osca and other recent investors are in this game to make money for themselves or the wouldn't be still be playing the game - question who is going to make money out of who and how - I am not discounting the fact that the whole Nigerian deal could be irrelevant and it's capitalistic games with SLE the football - looking forward to the opening plays.
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