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“The short-in natural gas cost Eroton Exploration and Production Limited, operator of OML 18 and the Nigerian Gas Company (NGC), as well as the nation’s economy a revenue of N50.3b,” the statement reads.He said the closure of the plant cost the two organisations another N58.81b translating to a loss of N109.21b revenue to the parties and the economy.

The Institute of Chartered Economists Of Nigeria (ICEN), Port Harcourt, has warned that closure of Alminium Smelter Company of Nigeria (ALSCON), would cost Nigeria, a loss of 61,200 jobs.

https://guardian.ng/news/how-nigeria-others-lost-n109-21b-to-alscons-gas-shut-in-by-expert/

and the share by bak scheem would point to the red lion going into only hands of mr fannins and tosca because they are limiting the public shares out there but the share price never goes up because of the scheeme.

we were told that our shares would get better price if there were not so many shares availabe but it has not happened. the red lion lives up to its nik name.

mr swan many think like what you say at the end of your post from 13.52.

mucklean there is always hope around the bend for the red lion. us red lion shareholders are all very very used to living on hope over many many years. but hope did not pay the bills ever.

this like the swan says could be the last chance for the red lion because if it dos not happen soon private investors will leave.

but perhaps that is what tosca and mr fannins want and then the red lion will be born again as a private company after being built up with many years of private investors money. then when they own it all it will becoming into great proffit but not before.

mr or mrs alaric, how many times have you said that about your trolls over the years. you funny boy make us all laff with you constant this time its the real deal.

dividunds prommis for years but never happen but mr fannins 46p short term special offer and share by back scheem happen instead to benefit of traders stockbrokers hege fund and shorters. not any good for private invester ever.

give us dividunds pleese.not just empty prommis one day it might happen. the red lion always looks like it prommis but never deliver to private investers.

imagine share price would be 20p if not been propped up by share by back. probably fall big time when scheem is finished. good for traders stockbrokers hege fund and shorters. bad for normal investors. paying dividend to normal investors would not work so well at making big money for traders stockbrokers hege fund and shorters.

same as mr fannins last 46p special offer made lots for traders stockbrokers hege fund and shorters

San Leon Energy shareholders are up 0.7% for the year. But that was short of the market average. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 21% endured over half a decade.

We think companies that have neither significant revenues nor profits are pretty high risk. There is almost always a chance they will need to raise more capital, and their progress - and share price - will dictate how dilutive that is to current holders. While some companies like this go on to deliver on their plan, making good money for shareholders, many end in painful losses and eventual de-listing. San Leon Energy has already given some investors a taste of the bitter losses that high risk investing can cause.

good grief mclinksdean you must be very very sik and desperate man to have to regurjitate posts that are over 5 years old. must take you long long time to find that or do you keep big book of all your favorite posts. you very funny slave to the cause mclinksdean you must be slaving away for years and years now.

but thanks for pointing that very very old post because after five years later the red lion is still shows very very bad investment choice so the poster was right then. so thanks for re posting sum facts for a change. God Bless.

Unfortunately, some companies simply don't succeed. For example the San Leon Energy plc (LON:SLE) share price dropped 70% over five years. That's an unpleasant experience for long term holders.

We don't think San Leon Energy's revenue of US$243,859 is enough to establish significant demand. We can't help wondering why it's publicly listed so early in its journey. Are venture capitalists not interested? So it seems shareholders are too busy dreaming about the progress to come than dwelling on the current (lack of) revenue.

Bloomberg Opinion points out, climate change has surged as a point of concern for publicly-listed companies. Oil executives are betting against climate action, but they are surely aware of the rising investment risk. In the past two months, the European Investment Bank is ending financing for oil, gas and coal, and Goldman Sachs cut out financing for coal and Arctic oil. More announcements like this are inevitable.

muckspreader nice see you agree with me that red lion is only for traders when you tell mr marty he should bee taken money at 46p when it was only chance to make investment work with the red lion in 14 months. well done at last you good boy at last. God Bless you.

here is a post from mcclean from 14 months ago when the share was the same price as today. better investment putting money under your bed. how wrong can you get mcclean would be ok for day traders but not privte investor.

the red lion is worse return than selling elephant dung.

mclean91

Posted in: SLE

Posts: 435

Price: 28.50

No Opinion

RE: mclean26 Oct 2018 19:56
Things have changed a lot since those old days frus, and we now have a producing field so hopefully things can only get better with cash flow from loan notes and a new well being drilled this month and that production increasing. End of month next week hoping for a nice rns regarding payment of those notes!

muckspreader, never mind wrong bulitin board or your ha ha lafing stick to the question and help me out please . what is level 2 secured finance. you clever boy. you or your close friends in PR mr and mrs alaric tell me so i am undersanding what you are mean. thank you.

mucklinksdean perhaps can you explain level 2 secured finance to me please.

mr or mrs alaric can you explain level 2 secured finance to me please.

mr edwig of course they will shout you down they have to cover up what they know is really happening.

yes mr edwig dont tax mr blurill with your stupid questions and go and stand in the corner of his public school ready to be bullied later. he is superior to you and you better remember it.

i hope you all now understand what is happening. God Bless.