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here it is again. this is what we should be focussing on and discussing
https://www.proactiveinvestors.co.uk/companies/news/947143/san-leon-energy-oml-18-a-springboard-for-greater-growth-947143.html/long
Afamefuna I could write off my entire stake in company without impacting my liquidity or capital as holding is small relative to overall portfolio at under 5% so not that worried about being locked for a few months.
Let’s see what happens.
Oil prices are strong at present and believe this will help drive cash flow and value to this stock.
Cant wait to see if Simon Thompson comments.
thea. i so glad you see it as patronising aswell as me. i cut and paste it from alrics post from sat at 6.09. it was just mesage talking to alrik with his own words. sorry if it any offence to you. that not ment at all. and i did say thank you but not with exact words for you simple explunashun you just spoil it with 2bit comment.
gess we see you a lot here now soon as we wait for getting back to busines. last time shares suspended for about 5 or 6 month at least. then there was no deal done. wonder what happen this time. are you ok with be stuck with your capital held up for that long if it happen.
good luck thea
the trolls on this board don't ever admit to being wrong ( which they have been consistently on numerous topics over time). nor do they respond to research by Zac Phillips, who represents a kind of anti-christ figure for them. that's because he is a well respected oil and gas sector analyst who has followed san leon closely over the last 5 years and bases his analysis on thorough research and actual fact.
Afamefuna
Shame you can’t admit I was right.
Since you patronised people in your original comment, I thought I would respond in a similar vein.
well put Theanalyzer. unfortunately your references to concepts like 'pricing of the rto shares' and 'value of the assets acquired ' are pretty advanced, so will be beyond the comprehension of the nursery class.
mr anulyzer i thought for moment you give me civilized response but hey ho you prove no good with need resort to 2bit insult.
thank for your simple explunashun all same. was best so far just let down by 2bit.
indeed sam, nor does it include the rto of course. i believe, if this happens, not only will it position san leon brilliantly as a regional specialist to benefit from the exciting opportunities for growth in the niger delta but will also immediately and significantly be value accretive in its own right
Fantastic article Alaric all looking good plus the 78p/120p, doesnt include oza or the extra % from fso pipeline .
thanks for posting Sam - another thorough piece of research and value analysis by the excellent Zac Phillips, who has closely followed San Leon’s story in Nigeria since its inception and indeed is known to have visited OML18. shareholders should be much comforted that Tosca, as its major shareholder, remain so supportive of the company’s development and that both Oisin Fanning and Jite Okoloku (through Midwestern) are significant shareholders, since all their interests are well aligned with ours.
Been reading afu past posts, and it tells a story of loss which has turned to desperate muck taking, inventive insinuating untruths about san leon energy and now made up stories of his sp trading arm, now broken!
Afamefuna. Yes in your example there are more shares in issue but this does not mean deal is dilutive, it will depend upon the pricing of RTO share and assets acquired.
Time for you to jog on back to Nursery school and leave the adults to chat.
and a quick lesson in issuing shares for the kindergarten class:
Assume a small business has 10 shareholders and that each shareholder owns one share, or 10%, of the company. If investors receive voting rights for company decisions based on share ownership, then each one would have 10% control.
Suppose the company then issues 10 new shares and a single investor buys them all. There are now 20 total shares outstanding and the new investor owns 50% of the company. Meanwhile, each original investor now owns just 5% of the company—one share out of 20 outstanding—because their ownership has been diluted by the new shares.
hope this help you al
it actulky tell you in the rns that more share be issued. tell me that is not share dilution.
note well alrik and look see the words in rns saying issuance of a substantial number of new ordinary shares in San Leon
ps matin hughs will do anythink to make money in long term. dilution now to make monies for himself nex year is his plan he dont cared about you alrik and sam.
this cumpuny not far off private now anyway not many normal shareholds most hold by tosca. just traders in and out now.
i just asking thank for reply but i do reserch on rto thing like this and it said it happuns. look see for yourself.
This process can also lead to new shares being issued for the incoming private company. This leads to share dilution, which can decrease existing shareholders' ownership and value in the company.
That's how I see it both Alaric and redeyemines, so I dont understand how callasjunkie and afu doesnt or are these two against what san leon are undertaking for their shareholders.
Even without knowing any of the details of the proposed deal, just what we do know, shod make everyone's mouth water..
.. At present we have an indirect 10% stake in OML18,... After the deal is completed, we will have about 25%,,thats an increase of 150%.
...As long as any dilution is less than that... Then we are winning.
and a quick lesson in issuing shares for the kindergarten class: it's NOT dilutive if the value of assets acquired exceed the value of the shares issued. unlikely that our major shareholder Martin Hughes would be interested in an rto that diluted the value of his holding if you think about it. which you clearly haven't. pretty simple really.
more phoney hokey cokey today i see...
Funny how those with no investment in san leon energy know what the final outcome of this rto.
The shares would be issued to Midwestern, not MLPL, and Midwestern would become the majority shareholder.
Any transaction would involve San Leon acquiring the outstanding shares not already owned by San Leon from Midwestern Leon Petroleum Limited (MLPL), which it would pay for by issuing shares to MLPL to the extent that MLPL would end up as San Leon’s majority shareholder