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What’s the problem?
RNS old news, we have Very big assets but run by thieves, one day it might sort its sell out and we all make some $$ and live happily ever after.
CFA Conversion Price 0.5p In the event of non-payment.
"The Company notes that whilst it plans to enter into the CFA it remains in need of further funding and is looking at all possible options to achieve this."
note that the RNS does not state what the further funding amount will be.
I don’t know
Cant see getting the loan back in useable amounts either. Probably 5 quid a week
What a mess.
Wow. I expect a huge drop today. How can you have 40% of a company but no access to profits from the producing assets. That’s shocking news. This could go below 1p. What a mess.
rns out thoughts?
dave sold a big chunk yestaday as well which stopped this going over 2p
those shares where taken instantly. you dont drop on big sells like 0.80 then go back up in less than a second. someone bought them . just need that update and where off to the races 3p plus imo
Where have Metallons shares gone? Lekan affiliates?
Expecting director resignation at 7 am plus Chairman comments
We agree board dispute due to Metallon trying to buyout Lek on the cheap. Now they have left Lekan can now get on with protecting shareholder value and the value of his 42 million shares in Cayman.
"With seven high-level departures from the Board and management of Lekoil Cayman, we once again urge AIM to investigate recent events at Lekoil Cayman.”
not the kind of news that inspires confidence though is it?
News getting out there
https://www.energyvoice.com/oilandgas/africa/ep-africa/347042/metallon-sold-stake-lekoil/
Thanks for this Dave77:
Okti will produce around $50 million this year, we have 2 other major licence's that need a drill
If a low value of $100mill is put on Lek Nigeria, 40% to Caymen, = around 7.47p per share.
Lets get the bad results from last year out, along with the good results from this year, reduction of debit and a plan, this will fly!
Biker888
Why you are here ?
If you are not interested.
Do you think anyone buying or selling would listen to you. What you say. Just go back to your senx.
Excellent summary Trolleyman of where we stand tonight.
When news arrives it's likely the naysayers will be left sitting on the fence. This will swiftly rerate to higher levels.
We all know of the mistakes in the past and the risk going forward but a positive update will transform this company.
Today's news of Metallon getting out should be the turning point. With a change in sentiment now I expect we will see a sustainable rise into news. Imho.
Biker you have been in Senx since at least July which means your just over £5k investment that you have said in your chat you are not happy with, is down around 30%. Senx has been in a downward trend for over a year.
You were in Lek as recent back 20 Aug looking for a big rise so coming in here with your vast knowledge is frankly laughable. I’m guessing you sold at a loss, prob this morning and missed the rise. Can see right through it!
Go and research senx and make yourself some money!
Doesnt look good hopfully your wrong though. Aim can make a man rich but so far with my choices total opposite lol
Lets' see what the forward plan is with Metallon out the way.
Biker, you are here promoting senx which actually has high debt and seems to be in a bit of a nosedive. It seems the market doesn't agree with your analysis
Looking strong for results!
Ichi you really show how incompetent you are.
A little google search and London Stock Exchange says that Lekoil Cayman own 40%.
"Lekoil Nigeria, in which Lekoil Cayman, a Cayman Islands-registered AIM-listed holding company holds a 40% equity holding, announces that a number of its directors and senior executives have resigned with immediate effect from the Board of Lekoil Cayman. "
Another idiot who can't google.
Really?
Good luck