I have said that figure on potential if the $2m steamer was bought in to produce and boost production. In general I'm just pointing out the outline ahead for SER. Kansas to work on and hope of Tapia to drastically increase production with the new Generater. There is potential here now with a clear plan ahead. which wasn't there in Feb when BOW didnt want to rearrange the Loan.
Over the last month you have posted double as many posts as I have and Tony 3 times more so I think the rampers have more times on their hands than the ones you call ranters. Didn't post for 6 days where you posted about 50 times. So I post twice and you immediately go on the attack. I know you sometimes used to feel that you owned this site and apparently you are back in this mood because nobody with a ny sort of realism has bothered to post for a few days where there were no news and no movement in price despite loads of "buying pressure", " Monetum building", "buying at full ask" "more buys than Sells".
You say you like debate but apparently only between people who agree with you. Me and Tony were having a good debate and although we don't agree you cnat say that I have been negative, said there was no reason to sell and it could go to .30 but apparently anyone who doesn't say this will go to .80 are not allowed here because that is deemed as ranting. Get a grip!
I know you have been here a lot longer, what I meant was I don't remember what the price was when you entered!
Let us agree to disagree whether we were in default. If you ask your other friends here they kept saying we were not and that we easily could make the interest payments, we were just choosing between the various offers to replace the loan.
By the way we have only cleared the bank once we get the laon that is being negotiated at the moment but I do belive we will get that and that might give a boost to the SP. That is possibly what is holding some people back
As for the 1000 barrels I honestly think you are way off the mark here. 3 or 4 years ago, can hardly remember we were promised 240 BPD if only we drilled the new wells and got the right steaming. It never got close and since then the maximum we have heard about has been trying to move to 200BPD if only everything came together. We are now under half that so not sure where the 1000 BPD comes from.
On the other hand if you had told me that Germany would be 5-0 up at this stage would never have belived that, so miracles do happen!
From your memory I haven't been here for a week only lol, surely you remember our last debate just before the outline of deal a few months back! So seems you have forgotten then which is a pity. If you role back your posts you will see Tony as the subject then you will remember. Buller we were in default as repayment deadline was passed. We couldn't afford repayments or payment in full and a period if silence from BOD gave shivers to many holders including myself. So from that stage to get to where we are is the Big difference on the Going concern front. As for Tapia we know once the funding of $2m steamer has happend then potential to hit 1000barrels at top end is on eventually of which we own 20%! Development of Kansas and then money comming in re deal every quarter. This is far from over, just the saying we have cleared the bank off and have a future to explore ahead is the big thing. The Market will give this reaction of Survival just matter of when as Magna reduces. last time we agreed 0.3p was on this time I'm saying 0.5-0.6p and you maintain your 0.3p. Only matter of time to see where we are at :)
Don't want to enter into a long debate with you< I really do think you are a decent fellow and Ithink you have entered this share at a good time and doing your best, just a few points:
I cant remember when you entered but for me whetehr we are .12-.14 or .15-.18 makes very little edifference as it does for 95% of the hodlers here who have averages that ares o high that these small movements are irrelvenat. I think from memory you have been here more than a week and for me it hasnt moved signifantly since the deal was announced and it certainly doesn't move because it gets ramped and every buy is announced
I did say we could reach 0.30 and I would also have expected it to go a bit higher on the news but it hasn't. The fact it reached above 0.30 on a pump and dump which was so obvious does not mean that that resistence point has been reached and iw oudlnt even bother wasting my time on the next resistance point. I cant see anyone not believing the deal will go through at the EGM. the only reason I cansee anyone waiting to come in if they even consider it is the uncertainty about cash flow and getting the loan for Tapia of at least 3 million.
You say we have gone from default to debt free. As far as I have seen we were never in default. The loan was not extended but that is not the same. as for debt free let us wait and see. The new Tapia is going to take out a loan of 3 million and we owe 20% of that so we will owe at least 600.000. Hopefully that can be covered by the income from Tapia. The other thing we are waiting to hear is what sort of outgoings will we have left in Sefton. The income just now form Kansas is minimal so we will be spending at quite a high rate until we can get, IF we can get more income from Kanass. I know we have the 3 million to come in but hope that is enough to get us in balance again.
Good luck but fo those in here I think patience will be a virtue if you are looking for anything more than 0.30
The breaks that are holding us is clearly Magna, once the final tranch is cleared then brakes are gone m. As far as I'm concerned this is a Stock that had defaulted and miraclly Becomes debt free. That's the reaction that on AIM we see spikes on. SURVIVAL so I don't need to be in a debate on this issue because I can clearly see the potential of this rising from experience just on one word Survival!
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