You are right OBB there are still risks attached to this deal, but like you and from doing my own research looking into Sara/Hawker and Crest Petroleum, I do believe NED's have pulled potentially a 'master' stroke in brokering this deal.
Considering we have come from 'lows' I never expected to hit, when the EGM resolutions get passed and from MA's analysis (This guys know his numbers, unlike others) market hopefully will react and address share price from levels we are at now.
Like all shares and especially those traded via AIM, a key ingredient is 'sentiment' and this needs a STEP change impo to kick this share into gear
What perhaps gets my back up if being honest, are those who seem hell bent on raining on any persons parade, when they post an optimistic view on SER. Agree blatant deramping or ramping is not what I feel this right either, but for god’s sake give the company a chance to start over again.
FWIW I feel we will see market reaction post EGM, how much, not sure, I feel more may come once AGM is held in London (which I will be attending) to hear hopefully their plans to take SER forwards.
Best wishes to all 'genuine' holders, there perhaps is light at end of tunnel now.
There is no doubt there are risks that still remain with this share but those shareholders that have done their research can mitigate some of this risk. The main risk for me in the Tapia deal is that Sara/Hawker are not able to come up with all the funds promised to SER. However, I must admit that I have been pleasantly surprised at their ability to raise the required funds so far. I did point this out yesterday but it got drowned out by Tony's continuous commentary about the buys coming in. As I said yesterday, it's interesting to see how the Sara/Hawker Investors work. One of the backers for the Tapia deal is Crest Petroleum who are looking to make a number of investments.
Jonjo, this is going way over the top now. In fact you have introduced me to a new experience; I've actually recommended your post. And, after seeing Brazil v Germany last night, I don't think I can take it an Neymar. LOL
I honestly don't think anyone have to apologise for their opinions. I only thought it was a bit rich for somebody who has said from the price was 1.50 that it can only go up, have scathed at anyone with a different position as you see yesterday and today and tried and I am afraid succeeded in some cases to lure people to keep buying when the price kept falling. I would have thought a bit of humility would have been in place but he keeps acting as if he knows what he is talking about which 2-3 years of ramping has proved that he has no idea. That is why it is so difficult for anyone like you who admittedly is ramping wth some knowledge and good arguments behind it to succeed when your ramping partner has absolutely no credibility amongst anyone who look at this site.
I do accept that everyone should make up their own mind and nobody can be blamed for buying or selling than themselves but if you are saying that 15-20% of SER shares are held amongst posters here (not sure if that is correct) that can only be due to the incessant ramping which started long before SIFC. If the number is correct then it also correct that over 95% of those who hold sit on strong losses, most probably even larger than if we see a 500% increase in price to .80 (I know some people have invented new ways of calculating percentages but for the rest of us 16 times 5 is 80) .
Jonjo how much more clarity do you need if your man Buller is even saying the Egm will pass it lol you need to wakeup and read RNS again and this time it's in Shareholders hands to vote and not in BOD. Rest assured just the posters on this board must have 15-20% combined! So the clarity your seeking is questionable. Buller you don't need to demand a apology from SIFC until he himself feels that's there's no chance of 0.8-1p, until he feels there is no chance no matter how long it takes he doesn't need to apologies until this is Finished and delisted, which there's no chance of now from this deal. Until Ser is breathing he still has his views I feel my target of 0.6p is on whether demand and Hype and sentiment makes it break 0.6p and test 0.8p that's upto market. So both you and SIFC need to chill out and accept your differences eventually one will be right and one wrong!
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