Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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What evidence can you produce that there are any significant shorts here? I think you will find it is much less sinister and simply that retail investors have been selling out to avoid being locked out when the share is suspended on Monday am before the markets open. No-one has any idea how long it will take for this mess to be sorted out as yet another suspension with no timescales, which is a pretty poor show on any measure even though Fanning remains ‘excited’ despite the fact everything going on around him is ‘outwith the company’s control’. I do wonder who believes this stuff! I suspect that Tosca will be less than pleased with Fanning and I would not be surprised if they decided that he has had his chance and some and that they now need to preserve their hitherto large investment here before there is nothing left for the SLE portfolio manager to tip into the Tosca pot.
Always---lol
Are you a ramper now?
SLE are due to be sus for a while from Mon while some accounts are finalised.----I'm guess this will take about a month.
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-The threat of this sus has put the buyers off and the "shorters" have had fun, and have driven the SP down to this level.
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---Will they now try to close those shorts before the last trading day on FRI.
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-watch the buying and join them now.
Case in Maltese Civil Court to wind up ELI Infrastructure deferred for the third time to 13 November. Case notification only shows prosecuting advocate, not the litigant. I seem to remember that Blackswan believes it's Brightwaters, the pipeline contractor. If that's correct it looks like a considerable delay to the ACOES at the very least.
Alaric,
Talking about new lows....
'The saying "Always judge your friends by the company they keep" - comes to mind.' in your case, BS, that'll be your old muckers Afake and Junkie? boy you guys have hit some new lows here, looking to make political capital out of this tragic event. talking of friends, i guess Oisin has lost a good one in Paul-Henri Nargeolot, who would have been on the trips Oisin made. Nargeolot was a retired French Navy commander aged 77. he was a specialist on the Titanic, having made more trips down than anyone else. how do we know he became a friend of Oisin's? well only guessing but they named a newly discovered ridge at nearly 4000 metres down the ' Nargeolot-Fanning ridge. keep up the good work chaps, nothing quite like a bit of old fashioned ad hominem on our ceo to get the bile juices flowing :-)
"Mr Fanning said those on board would be encouraged to stay calm. The Titan has five people on board, including Dubai-based British billionaire adventurer Hamish Harding."
The saying "Always judge your friends by the company they keep" - comes to mind.
Titanic visit - OF - same attitude as when he entered Nigeria i.e. he had absolutely no idea nor did he seem to care what risks he was really getting into. "UAE-based Oisin Fanning" - does that imply he is now tax resident in the UAE with zero extradition laws or is he sitting there amongst the big wheeler dealers looking for funds to bail us out of Nigeria or for investing in his next big play either way I consider his actions of risking his life as irresponsible whilst we are in such difficulties in Nigeria - hope he didn't book the Titanic trip down to business expenses at $250000 per ride?
Oisin fanning is well nown fur thoughtlus over optumistic statmunts.
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CD, interesting observation. So by your own logic those who bought Providence at over 600c aren't actually making a loss until the liquidation's over. They'll be so relieved. Lol
Still don't know if he followed his own investment advice. Guess not. Because he doesn't believe is own propaganda.
Oo ouch! ABC certainly know how to sting :-)
ABC update from the horse's mouth is infinitely better than the comments that continually come out of the other end in a nonstop continuous stream by made by certain posters!
Keeping in mind it's not a loss until you sell...
and if you bought in after all the missed deadlines, you obviously believe it's going to happen, so why would you sell now...?
Something we have learnt this year from Alaric, that his investment advice is a tad off the mark.
On 10th Feb, the guru was advising on ADVFN when the share price was 32p " Price is now at support level. You are unlikely to get a better price than this if you want to buy in"
Those taking his advice would now be nursing a 60% loss.
When I asked if he taken his own advice, deafening silence.
So just a quick summary of what we've discovered from ABC over the last couple of days. it's hugely exciting stuff and to top that C informs us he has a direct source in Eroton. it doesn’t get better than the horse's mouth! so what scintillating info have we discovered? to start apparently the theft of oil continues. this will come as a shock to many, who thought that the oil thieves had handed themselves in to comply with president tinubu's request to do so. next we find out the mother ship possibly has a name and even more amazing it actually does hold 250,000 barrels of oil! many will say they knew that already but remember this is from the horse's mouth. finally we discover that the mother ship was anchored somewhere off the niger delta, although it may no longer be. well that's it and i hope you agree that, with this valuable research from ABC, we would be none the wiser. (have i got that right?).
Black swan, up to the New Year 5 cargoes had been delivered to the Sea Pearl. I don't know what's happened thereafter.
My source is direct from Eroton. I'll not disclose it yet. I am waiting for Narcissus, the font of all knowledge, to go find it. 😂
Your article on theft is alarming. Shell and the IOCs must be laughing for flogging their assets to Aiteo, Eroton and others for Megabucks.
CJ - Vessel Finder - https://www.vesselfinder.com/ - confirms your post that:
MT Sea Pearl - 183 metre Length, 27 metre wide with a draught 9.3 metre is currently at anchor in Bonny creek.
MT Rahama - 115metre length, 21metres wide with a draft 4 metres is anchored just south of MT Sea Pearl in Bonny Creek.
Comment: MT Sea Pearl is a large sea going vessel - MT Rahama is a large capacity vessel with a shallow draft.
The "oil cargoes" from Nigeria used to be taken along the coast for resale in Benin.
CJ - Nigeria Delta Oil theft who is running the "illegal bunkering business " aka oil theft in the Niger Delta where is the oil?
https://punchng.com/oil-bunkering-tonye-cole-backs-asari-dokubo-on-security-agencies-involvement/
Extract:
"One would find installations that are meant to guard the facilities. And right next to the facility, you see bunkering operations going on. That’s a fact. It’s something that we see and something that we know occurs. You will also see where they are building certain types of boats along the creeks. I am talking about huge wooden boats that can only carry stolen crude".
"Economic activity around crude oil bunkering(theft) is now one of the major sources of finance in the Delta area."
It is to be hoped the new incoming President will take immediate steps to control the massive theft of oil in the Delta, it is happening at such a high level that is seriously affect Nigerian national income.
The mentally unstable posters on this board, you know who you are, still don't accept the situation in the Delta for what it really is and what affect it is having on local and overseas investors in producing revenue for wider the Nigerian economy.
'I'm used to the gutter behaviour on this board.' yep Junkie, with board mates like Afake you certainly are.
Thanks Afemufuma.
I'm used to the gutter behaviour on this board. Water off a ducks back. Idiots dont seem to comprehend that insults are counterproductive.
Back to the situation in hand.
Mt Sea Pearl might suggest that its in the ownership of Ocean Pearl, which happens to be in the WCC group (that modified the Ali Akaso into an FSO and are shareholders in Eli Malta. Two WCC executives on Eli's Board. Now Eli contracted Ocean to manage the FSO but we are recently informed that CEG have been awarded that role. I have seen a news item that Ocean are suing Eli but without independent corroboration, I'm not going to post the link.
Mr cj.
it lookin moor like reakshun frum big time cornured rat smelin bad frum bein draggud threw sewer for month and month an bein exposud by facts. He weakly fend off with pathetik las ditch skoolboy insults.
this be grate fun fur obsurv fur all reglur redurs.lol
speculashun frum samalarik sayin muthur ship is full 250,000 boe. pure speculashun frum him
speculashun frum Afa sayin the red lion mite hit 11p. pure speculashun frum me. lol
shorturs delite