What I do or don't do as far as my investment is concerned is no-one else's business. That is clearly just an attempt at a dig because you didn't like my post. One thing I know for sure is that this has become a thoroughly nasty bb for anyone who doesn't toe the party line but I think my points have been well made to those who wanted to listen. We can stand around and argue all day (well, you can, if you've nothing better to do, but I'm going out) but it won't change a thing. I'm content that I ignored the jibes and got my point across and the topic has been well discussed now. Over and out? ;-)
Just to let you know that, for what it is worth, that ahead of the meeting with the Chinese management on Jan 23rd and for reasons I have already stated, I have just added my 2,275,000 holding to RIG via e-mail.
Not sure if you're mocking Oma but I'll ALMOST stand up for him. Definitely won't vouch for him, but I'm yet to see him post in a manner to suggest a particular agenda (if he has one it's incredibly well disguised or changes often). I completely disagree with his lurching between hot and cold theory wise but again I largely give him credit for usually having a reason for it (even if I don't agree) and posting reasons why.
"Can't you see already we have lost our investment, whatever we get from here is its their charitable behavior to ordinary shareholders."
Well said bounty. Your post put it in a nutshell.
The Chinese have taken the company out from under our feet, stripped out the assets to reduce the NAV and are now just manoeuvring with Lind to ensure they get control. We are like fleas on their backs. Maybe if they're feeling generous (or maybe its purely down to the cost of buying us out at this juncture) they might let us go along for the ride, for the time being, as long as we don't irritate them too much. We might even get to make a bit of money - eventually - if we get really lucky and this BOD actually does what it says on the tin.
As far as the current negotiations go, the best we can hope for is that they set some kind of min takeout price to help bolster the abysmal SP. But we can't force them to do anything.
Pardon me if I don't feel like jumping up and down with excitement at this moment in time. I will save the party hat for a year down the line if we are still here and actually getting some decent quantities of oil out the ground.
Blind faith hasn't gotten anyone anywhere so far except to deposit us, tired and dirty, at this last chance saloon with just a hope and a prayer in our pockets.
Fingers and everything else crossed because if the above scenario does not work out in our favour the alternative is very ugly.
Simple logic based on the unblinkered facts. Read it and weep, or crow about how great this is? Down to every individual's choice I guess, since not a one of us knows how this is going to turn out yet.
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