Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ah junkie, i seem to have the full abc out, which is mildly satisfying. i clearly irritate you bless. the point you trolls always seem to miss is relevance. your idiotic games and stories are so irrelevant to anything remotely relating to the san leon investment case. that and your chronic addiction to dissembling are why the intelligent readership of this board ignores you.
'guess that is why they decided to put armed guards on board and to at last put the anchors down making it more difficult for someone to remove it'. you're plumbing new depths here BS with your asinine analysis. the anchoring is clearly to stabilise the FSO, which lies in open sea, so that Shell's tankers can safely pull alongside to fill up with oil. and the armed guards are obviously there to protect against oil theft. i think you'll find the readership of this board is a good deal smarter than you appear to imagine and is not fooled by troll myths.
Sorry BS, unlike you trolls i only believe what i read in the nigerian press when i have independent verification of the story. i have a number of local sources and in the gulf also. that's what i call research. whereas you trolls read any old crxp and choose to believe it cos it suits your agenda. and you've been doing that for a long time now and always been wrong. don't force me to go back in history, you'll find it embarrassing. lol.
Whatever junkie, i don't think san leon gave us dates for this hearing so hardly a deferment. the important thing is though that the hearing is now ongoing, so we should have the decision just in time for president tinubu, who is being sworn in at the end of the month. he is known known to be hard on the heels of mele kyari and uma ajiya, respectively ceo and cfo of NNPC. they’ve paid themselves millions of naira corruptly in anticipation of the sack. i guess they won't arrange payment of the $100m or so before they depart. you never comment on the really substantive issues do you?
I see that ARS+2 thinks that if the mother ship is fully laden with 250,000 barrels of crude, they should now be selling oil. it seems his attention span isn't what it should be, as this has been explained more than than once here. they don’t sell oil from the mother ship; that only happens from the FSO and to Shell, not to refineries or anybody else. that's because Shell is the contracted off-taker and its tankers can pull alongside a secured FSO and fill up with oil. it's important to remember that Shell were the previous operators of OML18 and nobody knows the potential of this licence better. i guess that's also why Shell are are part of the syndicate led by Afreximbank providing the $750m facility to Eroton. it's beyond stupid to suggest the mother ship would sell oil to the market. what ARS+2 attempts to insinuate is that the mother ship can't be holding 250k barrels of oil, otherwise it would have sold them. i leave it to the intelligent readership of this board to judge the extent of that disingenuousness.
'Now, 7 months later the mother ship has not yet reached its capacity of 250,000 bbls.' whatever makes you think that, Junkie? you been reading those tea leaves again haven't you? i think mystic meg was more accurate with her horoscopes. do you know that in the last horoscope she wrote how she predicted her own demise? she died later that day! now that's what i call accurate research. oh well not everyone can be as good as meg, so don't feel too bad about it eh? btw good to see you finally engaging with sam, you've left this rapprochement too long frankly. i recognise that he's antagonised you over time with his commenting on your utterly weird acknowledgement that you've never held shares in san leon. it would be an understatement to say that no-one believes that, although clearly you aren't capable of shorting it. ars+
to remind what is now looming on the horizon from redeyemines' recent post:
'-Think about this.
If i'm right, we have a mother ship that is laden with about 250,000 barrels, sitting there ready to offload into our FSO, and no doubt barges full of 10,000 barrels a time, sitting there ready to refill the mother ship.
-That's $20 million worth a time.'
there you go again BS, insinuating that san leon will run out of funds. strangely you never address the points i make, which demonstrate that the company faces no existential threat whatsoever. and please don't tell us again about the auditors qualifications to the interim accounts - auditors do what they have to and can't speculate on the fungibility or value of san leon's security in OML18 for their $100m loan to midwestern. and no need to guess BS, san leon won't be pumping anything into the TNG or anywhere else other than for barging oil nor do they need to. of course they haven’t had any funds from Afreximbank yet. as you know, the $750m facility becomes available on the closing of the RTO. so no change from your usual disingenuous and deliberately misleading bunkum BS?
it's typically disingenuous of you junkie, that you not only misrepresent my response but also fail to acknowledge the deal i offered you. true hallmarks of a scumbag. first i addressed 3 of your 'points' not one. second i did so on the premise that i wouldn't answer the others unless and until you addressed some of mine. the single point of mine that you purported to address was about why Eroton weren't going to barge oil to the FSO and then you didn’t deal with my second point on this that, since the barges only carry 10,000 barrels and the mother ship 250,000, it was clearly more efficient to use the mother ship. i guess in the example you give Decklar don't have a mother ship. your 'point' is in any event a non point, which you make because you can’t think of anything else. you failed to deal at all with my other 2 responses, first regarding why it's safe to assume the FSO is now properly anchored despite no confirming rns and second why we don’t randomly sell oil to others, since Shell are our contracted off-taker. as you appear to have forgotten, i remind you that Shell are also part of syndicate led by Afreximbank providing the $750m facility. it is beyond stupid to suggest that we run the risk of alienating them by selling to others. you fail to address my points properly or at all because you can't.
BS to the rescue! a bit late i'm afraid, as von Junk's messerschmitt is on the ground shot out of the sky by the good guys in their spitfires.
'but there is going to be some time before we get there'. btw BS any factual evidence to back this assertion up or are you still reading the tea leaves? changing subject for a moment as i think we all know the answer to that one, i was reflecting that you guys tee things up for me very nicely with your asinine posts. you might imagine that you're being clever but i don't think i would post half as much, if it wasn't for you lot. hilarious, almost like caddies in golf, you put in on a tee and i smash it 300yds down the middle of the fairway and every time. keep it up chaps!
i think i've explained this to you before, Junkie but, as you're slow-witted, i'll do so again. when you get to correct some of your own deficiencies, which are many, we can talk about answering some of your questions. eg. you never answer questions put to about stuff you've posted, nor do you post any factually based substantiation (sorry guessing and insinuation don't count), and nor do you read rns' properly (in fact you deliberately misread them to draw perverse conclusions. all in all, Junkie, you're a pretty rum lot. but i'm not and to show you im willing to play ball, here's your starter for 10. i've already explained this so please listen this time, if a given deadline is missed they have to issue an rns to that effect and the nomad will insist on this. they haven't issued one, so we can safely assume that the FSO is now properly anchored. in fact because of this rule, the protocol is that they won't issue confirmation of achieved deadlines. simples? now you could have read this for yourself and probably did but you're a deeply disingenuous soul, but Shell is our contracted off-taker and pay in dollars, so we won't be selling our crude to random buyers, whether they're refineries or not. last one for now and i think you're going to feel pretty stupid when you read the answers. barges out direct to the FSO, cutting out the mother ship? dear me no. 2 reasons: 1.these barges aren't really designed to travel 40 km in open sea. 2. they carry about 10,000 barrels each so offloading barges individually would be hugely inefficient. i think we can thank our lucky stars you're not the operator, Junkie! so ball in your court now and let's have decent content from you finally. it's never too late to mend your ways, although i'm not holding my breath.
well no rns today, which means it's safe to assume the FSO anchoring is complete. so first oil should be delivered by the mother ship to the FSO in a matter of days now. and that means oil revenue starting soon and then continuing every day. no wonder the trolls are getting nervous lol!
gosh the trolls are getting quite desperate now. nobody gives a monkeys about Notore and if that's the core of NNPC's defence in Eroton’s case against them, then heaven help them lol! they should be focusing on news of the anchoring of the Eli Akaso, since that is what will burn the short positions.
laughable, redeyemines, that the trolls fail to challenge the factual basis of your last two excellent posts but comment negatively on the resignation of a non-exec from Eroton. they are getting desperate now and i for one am not surprised. the writing's on the wall for them now, so they'd better read it or their short fund masters will burn.