Member Info for Alaric

interesting discussion from Damien Courvalin:
https://twitter.com/i/redirect?url=https%3A%2F%2Ftwitter.com%2FPantheonResour1%2Fstatus%2F1500122984484380672%3Fcxt%3DHBwWgIC5mYH6wNEpAAAA%26cn%3DZmxleGlibGVfcmVjcw%253D%253D%26refsrc%3Demail&t=1+1646544249489&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=6d1fbab5e089239165a0f833b7a34fa15d8854aa&iid=b012d5bee7e546dc8678d322f32d6d21&uid=2669048425&nid=244+272699400

i guess if you're short oil or value oil stocks right now, you've called it wrong and reading about oil prices over $100 every day is going to hurt :-) just sayin...

'We believe that the intensification of the acute energy crisis provides an increasingly favourable backdrop for ********’s projects.'
this quote yesterday from a leading broker about another AIM oiler applies equally of course to San Leon. clearly nobody wants to profit from a humanitarian crisis. what is interesting about the quote is its implicit acknowledgement that the energy crisis was already underway (because of the whole net zero ESG agenda). when JP Morgan gave their $125 projection at Xmas, they weren't factoring the ostracisation of the second-largest producer and exporter of petroleum in the world. whether the oil price stays above $100 or not, the moment when i believe the USA's desire to be genuinely energy self sufficient again has already happened. and that means we're likely going to remain in a high oil price environment for the foreseeable.

all back through $118 today. Oisin did the OML18 deal at $26. not hearing so much about net zero now...

bonny light trading around $115 today, edging closer to JP Morgan's Xmas projection of $125 in q2 for 2022.

omg BS - you're the real deal. 'I try to post on actual events and let others draw their own conclusions'. oh yeah? your last post accused me and sam of 'abuse' against 'long term investors' like you and Callasjunkie. i have already disabused you of your mistaken notions regarding CJ's current status vis à vis the company. maybe, since he is apparently your abuse- buddy and also seemingly an expert in peripheral irrelevances like the nigerian fertilizer market, you might ask him about the likelihood of a 'second coming' for San Leon’s polish assets? after all he appears to have lost a bundle in them...

it fell back again later and now trading over $110. remarkable day on the markets. we do need to remember that San Leon did their deal backing Jite on his acquisition of a major interest in OML18, when the oil price was about $26. a simply outstanding deal.

Brent now through $117

nothing personal BS but you do post an awful lot of BS! for example 'long term investors'. the posters you refer to are by their own admission no longer shareholders here and we assume like you they lost money which will never get recouped during the company's Polish phase. their only purpose in continuing to post their vitriol on the company is sour grapes at their past losses and their fear that the company will now be successful and current investors like myself might make money. that is boring and has no place on a proper discussion forum moving forward. San Leon is essentially a completely different company post the Nigerian deal in 2016. if the RTO goes through as i expect in a couple of months, it will be unrecognisable. these troll posters have maintained in the past that you don't need to be a shareholder to post on this board. really? if you think about that for a moment and about how much these people post, you will see how deeply weird that is. they say a man can be judged by the company he keeps - you would do well to heed that adage.

indeed for a non-shareholder in San Leon, CJ has surely invested some effort over time into trying to dig dirt on Jite Okoloko's business interests (for some reason with a bizarre focus on fertilizer production). but he doesn't ever answer my point that this has nothing whatever to do with San Leon’s investment case. that Notore owe Eroton money, whilst of itself may i suppose be interesting to some (yawn), it isn't to me and will play no part in my decision to stay invested in this company. he seems (dangerously) fixated on the idea that Eroton/ Midwestern have bought a pup in OML18 and suggests (i think?) that they and/or Jite are financially stressed. well each to their own i guess. i'm much more focused on the fact that Afreximbank appears to have agreed terms for a $750m facility with Jite. maybe CJ should raise his singular concerns with them? ( btw do let me know if you get a response CJ). in the meantime regarding investment advice, i think on balance i'll stick with Investors Chronicle rather than Chronic Junkie :-)

well sam - looks like the cat got CJ's tongue and now Afailure answers for him :-) i didn't start the discussion on fertilizer (i don't actually see the relevance of fertilizer to San Leon’s investment case). as CJ did in fact start it, i assumed he might want to finish it? obviously not. am not sure CJ's much cop at this discussion forum thing...

ah there you are CJ - thought you'd done a bunk! we were looking forward to hearing your further comments on Notore and Jite in the light of this article: https://tribuneonlineng.com/notore-revenue-grows-by-43-to-n27bn/
it seemed to paint a slightly different picture to the one you had just described. knowing how fertilizer is your specialist area, i think it's fair to say we're all on tenterhooks. please don't disappoint your newfound 'fertilizer' readership here.

i don't tend to post on Malcy's comments but on this occasion frankly anything to put an end to the stream of mindless (and completely non value-add) drivel from BS. so these were Malcy's conclusions today:
'.. for patient shareholders the good news is that all being well the company hope to publish the AIM Admission document by the end of April which should lead to a restoration of the company’s listing on the AIM market. If all goes according to plan, and this deal has taken a great deal of putting together, shareholders should see the winning post in sight and with it shares and in due course substantial distribution of profits from these deals.'

this rns has provided us with a significant amount of detail about this most complex multi-faceted set of transactions, that will finally have to come into conjunction for the whole to work. the precise timing for most of the elements is clearly outside the company’s control. i am quietly encouraged though by the level of detail and the positive language used. taking longer than expected of course but it's worth keeping patient for a deal that's going to be so value accretive

all valid points Sam but he doesn't say he trades as such. what he claims to be is a tradUr. this is a fantasy where you can pretend to be a big shot in the world of high finance. in fact i think you can get it on Xbox now called 'tradUr eliTe' or some such. you can do really exciting bigshotty things like 'go long' or 'go short' and even make predicshuns, without actually risking your money, so yeah all a bit mickey mouse but heh for the right 'type' it's absolutely ideal.

ha ha - has to be the worst publically declared short position in the history of tradUring. one of the very best long play oil stocks over the last 12 months has been (as surely any half decent tradUr would know) Panr, which has in that time gone from a low of 18p to a high of 145p. not recommended for born losers though :-)

a bit harsh on CJ, Sam? after all you need to remember that oil's not really his thing. as you should know by now, he's more into fertilizers and you know what they say up north - where there's muck... talking of which you appear also to have forgotten that Afailure is always telling us he's a 'TRADUR'. gosh that does sound impressive but i now read the vast majority of tradUrs actually lose money. mind you if you were short in a stock that's currently suspended and which is about to announce big news, you'd be down the lavvy most days!

actually IC have got this slightly wrong here (probably a typo). San Leon should end up owning 98% of Eroton, the company that's just arranged a $750m facility with Afreximbank, and 44.1% of OML18

it's gotten seriously deranged now, as we get accused of fraudulently manipulating the market in this share! this guy is a complete fantasist. reminiscent of honest sid, who lost the plot here a while ago before he got banned

spot on Sam. successful traders don't BS about their success on BBs. the guy's a phony and afailure. nobody gives a monkeys about all his BS. just sad.