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SER Share Chat - RSS Feed

Sefton Resources Share Chat (SER)



Share Price: 0.125Bid: 0.11Ask: 0.14Change: 0.00 (0.00%)No Movement on Sefton Res.
Spread: 0.03Spread as %: 27.27%Open: 0.125High: 0.13Low: 0.115Yesterday’s Close: 0.125


Share Discussion for Sefton Res. (SER)


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shareinvestor10
Posts: 900
Off Topic
Opinion:No Opinion
Price:0.08
SIFC/Jonjo
15 Dec '14
I must admit, its the key points have been agreed that has made me wait.. when they issued this RNS oil prices were circa $60, yet key points were still agreed, if a deal was out of the question they would not say this but then again.. hawker seems like they have no cash.. arguments to both sides.. its a waiting game coz ive had enough trying to work it out..
 
sellisforcowards
Posts: 3,950
Off Topic
Opinion:No Opinion
Price:0.08
share investor
15 Dec '14
Yes mate but if you read it the oil price had nothing to do with the part they wrote. They must be the parts agreed. Promissory note for $3 million and other add ons from other sources of equity. The other sources are the issue. But I don't think the problem is at our end but at theirs. Hawker probably are being offered awful terms but they will have to take it or lose out.
shareinvestor10
Posts: 900
Off Topic
Opinion:No Opinion
Price:0.08
SIFC
15 Dec '14
this RNS was dated when oil prices were over $90, you mus not forget that
sellisforcowards
Posts: 3,950
Off Topic
Opinion:No Opinion
Price:0.08
share investor
15 Dec '14
Negotiations are a game mate. Their own CEO can find 220k amd they find funds when they need to. If missing a few payments and turning the screw a bit to save 1'000's or even more then thats business. AIM and oil combined means scary business negotiations! This deal will happen people using scare tactics will buy in tomorrow. No one reads RNS's properly. That hawker RNS (the part I posted) just goes to show that they know how the deal will be completed!
shareinvestor10
Posts: 900
Off Topic
Opinion:No Opinion
Price:0.08
if the deal is done
15 Dec '14
i fully expect 0.40 plus, but thats a big IF mate, i do believe though oil privs will get back to $100 mid 2015
shareinvestor10
Posts: 900
Off Topic
Opinion:No Opinion
Price:0.08
SIFC
15 Dec '14
i have already read this... they have failed to keep up payments of what was it? $120,000 they cant even pay that so how do you expect them to get millions
sellisforcowards
Posts: 3,950
Off Topic
Opinion:No Opinion
Price:0.08
share investor
15 Dec '14
In June 2014, we entered into a letter of intent to acquire a majority interest in the TEG Assets, as described above. We advanced $1,290,727 to TEG during the year ended August 31, 2014, and a further $196,625 subsequent to August 31, 2014 for a total to November 13, 2014, of $1,487,352. Expected financing sources for the $2.5 million cash portion of the acquisition are: application of the $1,487,352 advances to November 13, 2014, towards the purchase price and $1,012,648 from other sources of equity. In addition, we would issue a promissory note to the seller in the amount of $3.0 million. Finally, Tapia, LLC would need to refinance or replace the BOTW debt current secured by the TEG Assets. Such debt is expected to be approximately $3.8 million at closing.
sellisforcowards
Posts: 3,950
Off Topic
Opinion:No Opinion
Price:0.08
share investor
15 Dec '14
What makes this massively complicated is the fact that hawker have gone through an an acquisition process, for which they took on two companies and their own finances. They have many plans, ours being one of them. They spent a lot of money investing in the deep lease. But everyone missed this bit. They knew how to get the money required. See next post!
shareinvestor10
Posts: 900
Off Topic
Opinion:No Opinion
Price:0.08
SIFC
15 Dec '14
you say external financing? they have already said that they tried to get this but were unable to get external financing?
shareinvestor10
Posts: 900
Off Topic
Opinion:No Opinion
Price:0.08
SIFC
15 Dec '14
do you know what Hawker's current sp is? in the 2015 plans in the rns Taipa is not mentioned.. the question is they want it bad yes but where are they going to get the cash????? this is the question, with oil prices they way they are.. how on earth are they going to continue? did you read the bit that says our auditors think that they are not going to be able to continue as a going concern, how can they invest if in their own RNS it says they are unlikely to go on as a going please try to answer this question specifically





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