Member Info for Alaric

BS, you're beginning to sound pompous and worse you're repeating yourself. most on this board including yourself are intellectually inferior to bluerill, which is why you're so fixated on him. 'yammering muppet' will now go down in the board's lore. maybe we should abbreviate it to just 'Y M' - whaddya reckon?

it will be fascinating to see, marineclark, when Sahara stop playing silly games and sell their not insignificant holding in OML18, as they surely will, what that's valued at? i'd hazard a guess that it will be not millions but hundreds of millions.

just for context, shareholders should remember that Tosca took their holding in san leon through 75% on 9 feb.

as i was just saying some the posters on this board have been mischievously picking up on fake news in Nigeria. this is the real version: https://punchng.com/eroton-denies-oml-18-takeover-by-nnpcl/

'the current fiasco that is Eroton.' oh dear BS the only fiasco round here is you! you've been gulled again because you choose to believe what you so desperately want to hear - bad news about san leon. and with the RTO now looming, your desperation is unchecked. you've always been a bad actor on this board and you don't hide that well. btw your efforts to denigrate this company are severely hampered by cronies like Fake and junkie, who would do better on the pub comedy circuit.

how else do you know this is fake news? because we heard it from him, who's known as the Fake One!

indeed Sam, clearly more Nigerian style nonsense and not for the first time in our recent history. yawn. what's so surprising is that the gullible trolls buy it every time and yet they're the ones always telling us how dodgy Nigeria is. what numpties but i guess they're getting more desperate every day now as we get closer to closing the deal.

oh dear junkie, i've lost count of the number of times you've called things wrong on sle. any hack high street lawyer (not worth his salt) will tell you, that the best way to get a disputed debt paid is to commence winding up proceedings against the supposed debtor. it isn't of course and ends up costing rhe supposed creditor more money. you been gulled again i'm afraid. as a rule of thumb, given this is Nigeria as well, if you get the urge to post some nonsense late at night, don't and sleep on it and then don't. only trying to help:-)

i can assure you 36 that i'm not trying to be alluring! but i have succeeded in flushing you out in your true colours. as Calvin Candie says in Django: 'there have been a latta lies said around this dinner table here tonight, but that you can believe.'

i must admit, 36.8%, you had me fooled - i didn’t have you down for the fake one's chief apologist. i've mentioned the poor company you keep on this board before and you see 'old chap', it's always a bit of a giveaway. while i'm about it, the fact that you offer nothing of any intellectual substance to this board is now apparent to all. a bit like your fake board chum, don't you think?

another rather long-winded essay from BS. all supposition and insinuation of course as per. i'll be brief as it doesn’t merit much. essentially what BS is asking us to believe is that Tosca buying another 1% of the company and taking their holding to 75% is other than good news, which it clearly is (good news that is). you can boil down what he says to his introduction (the rest is just padding to make it looks like he knows what he's talking about). he says here: -'why? "something" is heading down the pipeline and it has to be connected with the possible negative resolution of the "transaction" and the ongoing ability of SLE to continue in its current form.' does it? maybe Martin Hughes just likes the story so far and senses the deal is going to happen pretty soon now, so decided to get Tosca to top up at these absurdly low prices. seems plausible - you be the judges. i know what i think.

sheesh don't start that hare chasing again ffs. why won't they take it private? work it out for yourselves why don't you? ok just this once: ignoring for the moment that it isn't Tosca's mo, if Martin Hughes does that once without good reason, he'll never again be able to use the equity markets to raise funds for companies he's invested in. oh and btw, they've just spent god knows how long negotiating an rto with Midwestern with $750m financing which will be too big for AIM. he could have done this at any time with Okoloko's help, instead of negotiating this complex rto. how about engaging the brain for once, before spouting out the first thing that comes into your head?

thanks marineclark. presumably that values san leon's 10.5% holding in OML18 at zero? given the asset is considered to be world class and the secured debt from Midwestern is over £100m, it suggests that we are now significantly undervalued. this is precisely the kind of opportunity, value investors look out for.

couldn't agree more quel fromage and good to hear your positivity. i got my largest holding in sle around this level about 6 years ago. sorely tempted again as well.

thanks bandit for for your considered response. i get your reasons for your (partial) exit. as you say san leon is operating in a difficult country and it also suffers from the volatility and lack of liquidity that comes with AIM. let me make one thing clear about me at the outset: i have nothing against negativity if reasoned but have everything against irrational unsubstantiated insinuation and posters, who don't argue on the facts and who always fail to respond to factual propositions or correction. that clearly does not include you. you will know who i'm talking about here though. san leon has suffered more than its fair share of trolls on this board and the other. most are losers but maybe one or two are trying to manipulate. the other board had a troll called chartrader, thankfully now banned, who might post up to 25 times a day. we have a couple on this board as bad in their own ways. i think anyone who has read what i write over time would acknowledge that i postulate from a reasonably informed viewpoint and am always happy to be fact checked. unlike you, evidently, i remain comfortable with my holding here. they have told us quite a bit about the rto negotiations and the $750m facility as well, just before Xmas, the alternative $50m facility. i know from professional experience that ongoing negotiations of this magnitude are both highly sensitive (thus not easy to talk in much detail about) and can take time. i have always viewed san leon as a value play with a significant upside and, if that takes a bit longer than i originally estimated, then so be it. i have absolutely no problem with anyone who disagrees with my view, provided like they rationalise from a factual base. the strange thing is hardly anyone ever does! one further thing - we are by definition in higher risk territory with an AIM stock operating in Nigeria. so not one for aunt dolly or orphans. some posters complain as if they expected gilt-edged normalcy.

shame bandit. you obviously don't follow the sage of omaha. if you did, you would recognise one of his famous quotes ' The stock market is a device which transfers money from the impatient to the patient.' he also said ' if you're not prepared to own a stock for 10 years, don’t think about owning it for 10 minutes'. i've seen a number of investors do the same as you here. do you mind my asking why you bought this stock in the first place?

ah i see, BS, you get the posts taken down that you can't answer. no matter you're not fooling anyone but yourself.

i don't give investment advice but just state my well researched and sincerely held views. personally i think you'll be fine but you might want to review your choice of board chums :-)

'However judging from Afamefuna's post below'
really 36.8% - you judge your investment in san leon (assuming you have one?) on the basis of what Afake says? are you off your rocker?

'The world's going to be all electric before this gets done.' well cd i think we all know that's pretty unlikely but it clearly makes you feel better to get it off your chest.