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Chri5p,
My post below is a copy from the 17th May (hence the quotes) also further down in this thread where I make it clear that I knew the SFR purchase of GLR shares was unconditional but the licence sale was conditional. I'm not claiming I don't make mistakes but this wasn't one :-) .
Again you don't read my post - I have never said the license was done or $3.5 million was in the bank - all I have said that SFR paid 2.65 p a share to GRL to buy 4% of GLR which at the time you did not realise and this did happen because the shares were added on 9th February which was in the January RNS. So they have definitely paid us some money. This is something big you missed but you have your head so far up your *** to realise or admit.
Hi Chri5p,
Please see my post below
'Oiltap,
I suggest you read the RNS again. There were 2 parts to the deal. The SFR investment in GLR shares was unconditional at the time the RNS was released, whereas the sale of the licences was conditional with a long stop date of July from memory. Can you please point to any evidence that this deal has now completed and the money is in the bank. I am not suggesting that it won't complete just that there is a lack of evidence that it has completed. The fact that SFR holds shares in GLR is ZERO indication of the sale of licences having completed.'
Hi Phoenix,
Thanks for drawing that to my attention. I have saved it for future reference. I look forward to reading about it in the company accounts when issued.
To top it up Chris
See below from jan RNS.
“The Company will record a profit on disposal of the Included Licences and this will be reported in the audited accounts for the year ended 31 March 2021.”
And Ella was asking me what interest we are earning. Let me tell you one final time Ella you don’t know who are the people behind all these handle names as Chris said. I don’t believe you can even match 10% of their achievements. Now you might wonder how I know your caliber. Just the way you do posts here I can see how unskilled you are. I don’t need a spade to dig out info people like you make it too easy for me. Just don’t bother replying if you have any chivalry left.
I posted this 2months ago to answer someone else who didn't realise that we had the money from SFR
Mr Negative From 26th Jan RNS
Application to trading on AIM: Application will be made to the London Stock Exchange for a total of 41,100,124 new Galileo Shares to be admitted to trading on AIM, being Sandfire's Shares ("Admission") which will rank pari passu to the existing ordinary shares in the Company. It is expected that Admission will become effective and that dealings in the new Galileo Shares will commence at 8.00 a.m. on Tuesday 9 February 2021. The issue of the shares will be made under the Company's existing share authorities.
Total Voting Rights after Share Issue: Following the issue of Sandfire's Shares, the Company's total issued share capital will consist of 889,801,317 Galileo Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.
On Admission, the abovementioned figure of 889,801,317 Galileo Shares (the "Enlarged Share Capital") may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Galileo under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
SFR already have the GLR shares and it happened on the 9th Feb when the number of the shares increase by 41 million so if the agreement has not happened we have the money from SRF and they have given us their shares.
To make it easier for VB to understand I won't be sarcastic just say Ella you are not very good at de-ramping. We have some very well educated posters on this board and not the silly rampers you get on other boards.
Oiltap,
I suggest you read the RNS again. There were 2 parts to the deal. The SFR investment in GLR shares was unconditional at the time the RNS was released, whereas the sale of the licences was conditional with a long stop date of July from memory. Can you please point to any evidence that this deal has now completed and the money is in the bank. I am not suggesting that it won't complete just that there is a lack of evidence that it has completed. The fact that SFR holds shares in GLR is ZERO indication of the sale of licences having completed.
Well Phoenix,
Firstly, I am surprised that you are still here. From what I could gather on your Sat PM post, you were jumping ship and selling your 11 million shares!
In answer to your questions, I see nothing wrong in anyone REPEATING facts about company-released news and, if it is their want, getting excited about it.
As for your comment that, if an investor is not excited about the future of the company, he/she should better find a share to get excited about. By that, you clearly infer your opinion that a BB should only be the domain of those who are excited about the company. Goodness, please excuse me if I say it, but that is a rather blinkered view Phoenix!
I think that you will find that many of my comments are not concerning GLR as a company, but in response to previous comments (as, indeed, so is this now!). However, I do acknowledge that I do not hold one Mr Bird in the same regard as do most of the contributors here. A close inspection might reveal why.
Lastly, and just out of curiosity, I could not quite grasp your rationale for planning to move your 11 million holding Phoenix. No signs of your mega-sale yet. Do you mind me asking - what has changed your mind?
It is interesting that some posters appear to be stating this board is for positive comments only. Negative or neutral comments apparently not allowed. I am sure this attitude on the BB will ring many more warning bells with potential investors than a post querying why the change of approach from the original planned soil surveys. Obviously not all regular posters fall into the above category, there are a couple with more balanced views.
I suspect from your rather incapacious view of life and opinions on a BB Oiltap results in your conclusions always being either black or white! Anyone who voices an opinion or makes a statement that could possibly be against your idealistic thrust towards GLR seemingly brings your `shutters` crashing down. Beyond the confines of a BB, that could be a very dangerous trait/weakness that would likely limit your progress in life! Take my advice, you need to work on it!
In answer to your question - Me? - a ramper or de-ramper? Frankly, I don`t think that, individually, there is such thing. It is no more than a BB figment. I have no doubt that it takes a GROUP of like-minded investors to affect the SP - either up or down. Ergo, it would be naive in the extreme to suspect that any views or comments I might make could make me a `ramper` or a `de-ramper`.
For your interest, and apropos my interest in GLR, I did very well out of GLR during halcyon days some 4 years ago, even though I jumped ship a little later than commonsense ought to have dictated. Out of interest and curiosity I retained a very small holding which now stands at around £1.2K. Thus, it follows that I would rather GLR continues to progress upwards to become (in the BB vernacular) an even greater `multi-bagger`. Beyond that, I will occasionally continue to state my views - even if they may continue to incur your displeasure, should they not follow the general BB flow.
So Oiltap, that should be enough from me for you to be able to get your teeth into and continue with your `bully-boy` critical attitude in response to anything I might say!
Hi VB
just putting facts here from company released news and getting excited about the future of the company what would you call that?
If you not excited about prospects of a company you write on forum about then better find a share where you can find some excitement.
Apologies for repeating the gist of my first message re de-rampers. folks It didn`t appear and therefore I assumed it had disappeared into the ether!
How biased is CRISP when he opines that Ella is "the best of the de-rampers out there". It should follow therefore that the vast majority of the analysts out here with their very positive (if not eulogistical) comments out here must, accordingly, be RAMPERS!