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@alfresco(LOO) BTW amazing how you can quote my post word for word after it has been deleted, care to explain how? As for the 40k shares, that was an uncrossing trade. Still waiting on your responses to my questions I posted a month ago, care to take the time to respond?
Last I saw STA do not have the money promised and the SP has dropped again so yes a dreadful RNS die to the fact cash flow will be affected. Now you are back how about answering my questions posted a month ago that you promised a response too rather than contradicting my posts? Seems no one else is interested which makes me wonder where my posts have gone.
Nightgaunt, as I am sure you are aware, you have answered your own question about why your posts get removed. In your last line you said 'Oh and it's still sinking based upon a dreadful RNS this week.'
The RNS announcement was positive. A previous one had said that LO had not paid and STA would take legal advice, that was negative. This announcement said that LO has paid part of what is owed and discussions continue to expedite payment of the remaining balance. So rather than being 'dreadful' it was positive, avoiding legal remedies is good news.
As for the sp sinking, since the announcement buys have been 193k against 20k sells and the price has risen from 1.40/1.70 to 1.50/1.70. Again, the opposite of what you have posted. (The buys include a top up of mine of 40k as last trade of Thursday. I saw the announcement as positive and invested further.)
Please advise why posts are keep being deleted from this board? I suspect I know why (the person in question is sitting on a 99% loss on this share and has been constantly ramping this on false and blatantly untrue speculation in the hope of drawing unsuspecting buyers in) and who is constantly reporting posts I seen no issue with. This is an issue not just on LSE but across all boards with the same party using multiple ID's, so before deleting a post I'd like to know what rules have been broken. Oh and it's still sinking based upon a dreadful RNS this week.
@alfresco(LOO) you don't work for Landocean do you? Just wondering as you don't seem to make good on your promises either. I'd still love to have your responses to my questions, granted it may be difficult to ramp based on the current lack of news and drop in SP.
I think you'll find the opposition are normally in the minority so my comment stands. As for de-ramping, you are having a laugh aren't you? I'm countering everything you say with examples and thoughts read from RNS's, people can make their own minds up but I have nothing to gain nor lose here, how about you?
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
OUTSTANDING PAYMENT UPDATE
Star Phoenix (AIM: STA), an international company with an oilfield services business in Trinidad and an oil and gas interest in Indonesia, advises that it has not received the outstanding payment from LandOcean Energy Services Co., Ltd. ("LandOcean"), pursuant to the sale of Range Resources Trinidad Limited ("RRTL") by the agreed deadline of 8 June 2020. The total outstanding amount is US$1,534,611.
The Company has made numerous attempts to finalise payment due from LandOcean including several extensions to the payment deadline. The Company is working with its legal advisers to seek resolution on this matter and will provide an update upon further developments.
This announcement has been approved by Chairman Kerry Gu on behalf of the Company.
So do please elaborate, what news has driven the share price lately? Or even over the last week?Perhaps another payment on time failing to emerge as per the RNS? A company that for six months have said nothing of any plan or direction let alone what sector they plan to be in, then again if they can't manage cashflow what chance do they have actually doing that? What business are they in or even plan to be in? It's a long time burning cash with no future plan on the table don't you agrees? Please elaborate alfresco I'm sure all would love to know your take on the above. Quite simply my view is more jam tomorrow, rinse and repeat. I'm quite direct and appreciate direct responses with simple explanations so fire away. Looking forward to your full take on my comments.
So you disagree there is no news on anything this company have planned? They have nothing planned and the RNS is just another failure to get paid on time. If they can't manage cashflow what else will they be able to manage? Perhaps you'd like to elaborate as you seem to see the company far rosier than most on here?
RNS is out. "Star Phoenix (AIM: STA), an international company with an oilfield services business in Trinidad and an oil and gas interest in Indonesia, advises that it has not received the outstanding payment from LandOcean Energy Services Co., Ltd. ("LandOcean"), pursuant to the sale of Range Resources Trinidad Limited ("RRTL") by the agreed deadline of 8 June 2020. The total outstanding amount is US$1,534,611."
'What makes you think it's a different picture?' Because on Thursday you posted: 'More than 5 sells to every buy suggests the charts are wrong.' This was an exaggeration, but in any case on Friday we had 3 buys to every sell. I would therefore say that on Friday it was a different picture to the one you posted for Thursday.