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Tiresome G1lo. i provided a perfectly plausible explanation recently about the problem with the transfer of the funds from TRAM. this likely has everything to do with the US regulatory framework on transferring funds to a foreign jurisdiction and absolutely nothing to do with the money being lost, which is an absurd suggestion. readers of this board will judge who's telling porkies :-)
'but, let’s imagine that the deal hasn’t ‘fallen through’ but has encountered renegotiations around terms for example does that oblige SLE, and by default it’s nomad, to inform us as such? Probably not I would suggest'
nice try Naibob but you're wrong again. what you suggest would mean the money hasn’t been sent as the terms are being renegotiated in which circumstances Oisin would know that he'd have to issue an rns which in turn as you know has to be signed off by the nomad. you're clutching at straws again and btw no-one is taken in by your 'hope to be proved wrong' bs.
Good question quelfromage and you're absolutely correct of course. if the deal had fallen through then Oisin would know he would have to issue an rns. if in the unlikely event he imagined he could duck it the nomad wouldn't let him period. a far more likely explanation is that transferring funds from the US to foreign jurisdictions is pretty regulated. so when TRAM and us both say the funds have been sent, both parties are telling the truth. i understand that regulatory clearance in the US can take some time. that explanation doesn't suit the trolls' agendas so they take the opportunity for a cheap and ineffective pop at Oisin. hopefully even inexperienced readers are not taken in.
'The money has either been sent or not. It has obviously not.' well g1lo i've read some garbage on this board over time and this post is up there with the rest. the suggestion you put forward involves the bod lying and then the nomad signing the lie off. it doesn’t seem like you have any experience or knowledge of such things when you display your ignorance so publicly. either that or you were born cretinous? you will know which.
Sorry to have to correct you again BS but we won't be selling to nigerian refineries and it won’t be for naira. Shell is our off-taker and they will be paying in us dollars. you surely wouldn’t want the readership of this board to be misled?
That's worped thinking i'm afraid gffy. comparing spanners to international bank transfers just doesn't do it as i think you know. and that's particularly true when the party making the transfer is US, because they have very stringent regs. so you see gffy not really the same thing at all.
As per Junkie you fail to address the point in issue which was how you lied about San Leon's duty to publish an rns about the relevance or otherwise about court proceedings that ELI might be involved in. as you know the company has no such obligation. you also failed to address my suggestion that instead of lying to this board you should focus on the facts, even if as we all know that's anathema to you. that's all ;-)
Wrong again Junkie. until the ELI deal closes we own just 15% of ELI and have a single rep on their board. as such there is no obligation on us to report anything about the company good bad or indifferent. rather than invent lies about us, i suggest you focus (for the sake of variety) on some facts eg the recent news about TRAM's funding package, which on its face is fantastic for us. i guess the problem for you is it's a fact and you're patently allergic to them :-)
As you say sam cr8p. we sold the bulk of our assets to Ardlaun in 2019. ask yourself do you think it's likely that we would retain contingent liability under such a deal? or more likely that they saw our recent fund raise and thought they would would try their luck? small beer anyway. it looks like Afake is getting pretty desperate now if he's scraping the barrel of the Irish media :-)
'SLE fortunes could at long last be on the turn, the oil we all know is there under OML18 we have only to extract it and get to market which is why I have retained my investment in the company even though it has been painfull at times.'
blimey BS have you finally seen the light and joined the good guys? but why the opprobrium?
Sorry BS but i don't see the remotest relevance of all this Nigerian media garbage to our business case. anyway you trolls are rather too eager to quote from said media seemingly ignoring the appalling levels of corruption involved. ive mentioned this to you before so here's a reminder of the extent of corruption involved: https://saharareporters.com/2021/09/13/media-organisations-nigeria-fuel-corruption-profession-abimbola-abatta
'A return to one of my favourite subjects....Notore Chemicals' ah Junkie i see nothing's changed you're still the grandmaster of complete irrelevances in the business affairs of san leon. you're just a big yawn as nobody (seemingly except yourself) is remotely interested in Notore which has no relevance whatsoever to san leon. did you miss the recent announcement that san leon is now going to be focusing on transporting oil via its majority interest in the ACOES? OML18 will only account for about 30% of our business so whatever you think about jite and Eroton (personally i think you're being a bit harsh) that's pretty irrelevant to us, as everyone except you apparently can see :-)
Happy with that answer Zoonosis? me neither. as i
said before he specialises in insinuation and avoiding facts, always failing to address arguments that don't support his negative positions on the company. his purpose? like most trolls he seeks to denigrate the company probably as a poorly paid lackey of a long/short fund looking to profit from taking short positions in San Leon. if he were genuine we would get reasoned responses to our reasoned propositions. we never do, which tells you the real answer to your question. when the $125m arrives in our account as it surely will and soon, do you believe for on minute that we'll receive a reasoned analysis of the situation for us? i'm very happy to be shown wrong but that would be a first on this board:-)
But surely you know 36800, since chartrader was an old mate of yours on the other board until he got banned for libelling both Oisin and San Leon. he used a number of different handles (at least six for sure). he posted the most scurrilous lies about the company (even worse than our board trolls, including yourself), often 25 times a day! hard to believe but over 5 or so years he posted more than 100,000 times. a complete luny of course but i understand he lost many thousands of pounds during San Leon1's phase in Poland and blamed Oisin personally for this. so there you have it. at least he wasn't some lackey of a hedge fund, paid buttons to write garbage about San Leon : his garbage was gratis presumably just for his own entertainment. let's face it nobody with more than a pea for a brain found his scribblings remotely entertaining :-)
Desperate stuff from you again BS. all through the piece you trolls have at best dissembled and probably been outright mendacious. at every turn you have spun a tissue of fabrications concerning everything from how Avobone would bankrupt us to how nobody would loan money or invest in us. when as always you're proved wrong, you fail to address the fact and merely move on to the next fabrication. you claim your big mate Afake has been 100% correct so far about San Leon. that's complete garbage. by the time our story unfolds Afake will be shown to have been 100% wrong. you specialise in insinuation and avoiding facts, always failing to address arguments that don't support your negative positions on the company. how anybody in their right mind can have contrived to spin the latest news as bad is beyond credibility. for the record obviously Martin Hughes was never going to let this matter inherited with Aurelian bust his massive investment in San Leon, which any fool with half a wit could tell you. btw the loan and prospective investment are amongst the largest to an AIM company this year. also anyone who knows the company will understand that getting a controlling interest in the ACOES has been a strategic objective of the company for some time. god knows where you got that bunkum about being forced to invest more because of Eli's financial problems is anybody's guess. the point you choose to miss because it doesn’t suit your agenda is that it demonstrates how nimble Oisin has been in using Eli's financial woes to our advantage and frankly negotiating incredible terms for these investments. so you can put that lot in your pipe and smoke it :-)
'The Ordinary Shares will remain suspended until the Company has published an admission document in relation to the New ELI Investments and the Company's shareholders have ratified the actions taken by the Board.' this is from the rns yesterday. so i reckon we're only a month or two at most from accounts being finalised and the resumption of trading in san leon's stock. btw i think it was Eli we were waiting for as they were clearly stretched. the fascinating question now becomes at what price will we open?