Member Info for bluerill

As I just laid out, Manx, its a bit of this and a bit of that. This particular scheme will have difficulty getting the needed 75% approval and has a long window so yes, those predicates suggest the hope that this will flush out higher bidders. However, there is also the fact that this is on the tape this morning in the first place at any price. The Board is clearly under time pressure exacerbated by Elevra's intransigence, which largely explains why we've been trading so poorly generally and why we're currently trading at a decent discount even to this derisory bid price. side note: this is now a 'risk arb' trade, and since ALL can trade decent volume and the discount to the earliest bid price is pretty wide, I would watch for some activity from mid-sized hedge funds starting late morning/early afternoon. If it doesn't arrive to narrow this discount, that is a kind of data point by default; ie, they don't like the risk/reward.

Couple early takes: 1. Elevra's intransigence is a big deal, not just on the 6m payment in dispute, but in general as it requires time to resolve. Of course the process is well underway to sell their stake in the Project but again, that takes time, and the rumour is that ALL and Elevra are far apart on value/price, therefore the logical assumption is that its gonna take even longer. Conclusion?: the one thing, above dough, that ALL management don't have is time to spare. If they don't get spades in the ground soon, they fear the Company could eventually lose the license. 2. this has a long stop date and the financial advisors especially will be claiming its the best way to flush out other buyers; 3. No way they get 75% approval for this in my view. Therefore, if/when it fails, assuming no other bidder arrives, the logical assumption would be it will result in a deeply discounted rights issue and the removal of the Board. And the clock will still be ticking. I'm assuming that's why we closed so poorly in Oz....

Sheesh, really, is that all you've got? You gonna follow up that marble-sharp retort with a copy of last month's trading report?

ffs, read a book and let the grown ups talk business

You can't even rant like a grown-up. If you can read gibberish as well as spew it, try having a gander at this latest haymaker you threw at me in the hopes that you might finally hit something, but this time try and apply whatever logical reasoning your medication allows. What exactly am I attempting to 'ramp' vis-a-vis a share that has been de-listed? How precisely is taking time to discipline an errant baby on how sle's business actually works, not to mention the constant need to provide you the basics of finance, civil legal procedure, stock market fundamentals and even what constitutes a credible newsource benefiting me, ffs? You think spending time I will never get back in such a dreary manner is going to make me feel better about these imagined financial loses that are tormenting me? Or maybe....you just like lashing out like a spoiled brat...

So if you manage this effort to impose just a modicum of common sense upon what you're reading, you'll quickly start to feel a sense of unease, akin to nausea, rise inside you. That, young man, is embarrassment. You're ashamed that no matter how hard you try to contribute absolutely anything of value here to advance the understanding of what's important - either the state of the economics of San Leon's business, its evolving corporate structure and the infrastructure it continues to advance, and/or fresh takes on the region's economy or other important players like Eroton or Shell - all you are ever able to do is try and serve up someone else's ideas already masticated to a fine pulp, or your favourite stock-in-trade, an utterly witless misread/complete misunderstanding on everything from over-hyping some meaningless legal 'decision' to mistaking the share price showing on this page for sle's true value to this latest furball in convincing yourself that Cawthorne's inaugural activity was a big (negative) deal for San Leon instead of the complete non-entity that it was. Gosh. That is so you!

You are blissfully clueless, and simply don't know what you don't know. You think being really, really angry somehow entitles you to protection against the mockery from not knowing what the hell you're talking about. Like ever. Who cares if you're too ignorant or plain stupid to know that some court decision was preliminary and the appeal could take years and likely wasn't binding in the first place, or that just because the LSE board shows sle share price at '0', it has nothing to do with the actual share price, or that Cawthorne is built to service OML-17, not OML-18 or any other of a dozen outrageously meathead mistakes?? Who cares about that you get it wrong time after time? None of that should matter because you are really, really angry at Oisin Fanning for putting the company into this situation which makes you soooo mad and being mad means you have integrity in your mind, right? Maybe in your world, <37k, but in mine, people prefer to get it right, while keeping our emotions to ourselve

Sorry. Forgot the RNS with the videos:

https://www.londonstockexchange.com/news-article/ECOB/eco-buildings-delivers-balfin-milestone/17566212

I know this sh*t moves slower than we'd like, but when you watch those videos it is very easy to forget we are talking about a company which all-in, fully diluted, trades at less than 20m quid. Add in the fact that this the first time the Company is not just producing a model home or 2 and/or delivering walls to a construction site for another company to use, this is just Eco and its roughly 10 permanent staff as full project manager, putting up a significant building from scratch for one of central Europe's largest construction groups. And (eventually) getting paid for it. Not a bad advance from where we were just a year ago.

And its not just your rank stupidity or your unparalleled record of getting everything wrong, its the total lack of humility that you show the next time you present what your very little brain thinks is some sort of 'gotcha' news. You know less than nothing about the proposed evac systems in that part of Nigeria, you've been wrong about everything of consequence to date, and yet you still rock up with another dopey take wrapped in your signature snarky prose, thinking you're owning the meanies who have so consistently given you a spanking and sent you to bed without your supper.

News flash, genius: Cawthorne is not a threat to San Leon, existential or otherwise, nor even a competitor. In fact, its more likely to become a customer of SLE's infrastructure. So there's that.....

Fanning's efforts to secure a deal continue while patience is being tested. However, those of us who have been right about every attempt here to overhype minor lawsuits or meaningless, trivial stories like about Cawthorne into the next existential crisis for the Company, have earned the right to be patient. Unfortunately, you'll be an idiot forever.

No mate, that's not how it works. They see the news in Oz but a combination of poor awareness in that market about ALL and a then genuine fundamental caution on the Company's funding path from here's, plus concern over the LS overhang, and finally, declining overall market sentiment, has produced that very real, if miserable, clearing price in that Australia. Let's see how we do here today. It should work through the LS selling pretty easily over the next few days and we should move into the 20s, but its a Trumpy-bearish market now and any craziness is possible

Sadly, we're not trading up at all in Oz from the UK close. As I suspected, the market there is worried about the recently issued LS shares hitting the market and, as was suggested yesterday by some, longer-term funding needs. We'll grind our way through that overhang eventually, but this is a strong indication that there's not going to be much of a 'gap-up' gain on the RAT news unfortunately.....

It's official

No no no, took nothing personal EEA. All good. Its just that I'm proposing something provocative which reflects the reality of markets today. The facts around registration, etc, are all very well known and don't in any way impact on my idea. All longer-term investment capital in strategic metals is pointing to the US right now - not to mention the legacy issue mentioned about Australian investors, institutional and retail, doubling-down on their preferences for precious metals and/or local projects - and that's where Keith should be orienting the Company's marketing now and into the future. An excellent first step would be to move the Company's registration and deep-six the Aussie listing. It is an inflamed appendix at this point in the body Atlantic.

First off EEA, the Ghana listing is a necessary PR exercise and thus not relevant to this conversation. Likewise, in its way, the pink sheet Nasdaq 'listing', which is little more than a placeholder that virtually every UK company pays a couple bucks a year to have.

Otherwise, I'm perfectly aware of where the company is registered and where its 'primary' listing resides. It's precisely central to my point. It shouldn't be. It is not that complicated to move registration jurisdictions and after that, cancel a dual-listing that is now clearly excess to need. Company saves a few bob a year and can more adequately focus its promotion and capital-raising efforts where they belong and in the process, lose a legacy appendage that is nothing but a needless drag on the daily share price action.

And sorry OldWise, I wasn't suggesting a dual-list in the US, just that that's the only other jurisdiction companies in general should even contemplate for a second list, not that it would be right for ALL. In fact, there is an argument to be made in that direction and it is being made by some company advisors for obvious 'strategic' reasons, but that's not what I was suggesting.

Because the small cap mining sector in Oz is more broken (and more corrupt) by far than it is here. Institutional money is even scarcer there than on AIM, especially with the flood of US money that is still arriving on our shores. Once the company founder died (apologise, forgotten his name), anything usefully Australian died with him. Move the whole damned back office, registrations, etc to the UK and be done with that legacy I say

The relevant question unfortunately, is not where the price closed in Oz (which was just below 17p fwiw). but rather why, while still in the midst of one of the biggest commodity rallies in memory, is a company possessing one of the biggest undeveloped resources in its space anywhere in the world, which is on the verge of a major milestone, AND has just had a (very) credible approach for the entire company from a significantly larger player (allegedly) at a material premium to the. current share price (allegedly), is still suffering the capriciousness of small shareholders in a distant jurisdiction who clearly have no earthly idea what they own, and then trading under the equivalent of £150k turnover on the ASX? And further, with that said, WHY IN THE SAM HILL DOES THE COMPANY MAINTAIN A LISTING IN AUSTRALIA AT ALL? Dual listings, at least ones that don't include one side in the US, are so bloody 1990s and should be retired to the dustbin of financial history.

FFs Keith, cancel the damned Oz listing, take the hit for a couple weeks as the useless punters down under scramble around adjusting their portfolios, and get on marketing this company's shares properly in the UK market , including to the US institutions who have been swarming over here the past 18 months especially, building positions in just this type of opportunity.

the quantum was a bit lower than i was hoping as i suspected sle went for a much higher number. still, none of us would sneeze at if if the company manages to collect.

as for actually seeing some doe rae mi out of this shtshow, while i've mentioned a couple times that recovery may be near-impossible for sle, i'm softening that stance somewhat. this ruling of course has the force of law and i reckon failure to pay could translate into an interpol arrest warrant, which would in theory severely restrict the 2 alis ability to travel to almost all the major market countries. so if - and it is a big, fat 'if' - the alis and to a lesser extent, tram itself - are even somewhat legit, being effectively trapped in ****stan and only being able to travel to the developing world and parts of asia, may be contraindicated for these 2, even if they are a couple of chancers, and they may well be willing to pay up to prevent that eventuality. who knows? maybe someone can ask claude.....i'm kidding!!! please lord, continue to restrict his keyboard privileges to birthdays and special occasions and to subjects that don't stir up the blood in his head.

Ugh. I don't know about teeth gnashing, but the only remotely relevant info is indeed contained in no3: the award SLE secured yesterday agains TRAM, which will doubtless be reported in the Irish Sunday press. I've written already that the Company may well end up whistling dixie in any effort to collect, but its another moral victory for OF and another nasty rebuke to the chicken littles on here who think we're going to forget the wild, apocalyptic speculation they spewed at the time Ali pere and fils first appeared on the scene. Hint: we haven't

Sorry cd, the rest of your post is disposable, undigested partial info and/or fully de-bunked backwash.

This is starting to feel a bit like one of those famous behavioural experiments from the 50s and 60s where ordinary people would end up pushing buttons that allegedly delivered increasingly powerful electric shocks to anonymous 'patients' on the other side of a screen if they were 'ordered' to do so by someone seen to be in authority and despite the screaming that could clearly be heard coming from the other side. Even to the point where the dial was turned up to the 'deadly' setting.

At this point, I think bs is so profoundly triggered that I'm not sure he's even aware that this is a community message board with multiple individuals who are effectively just staring at him as he lumbers around his digital cell, talking to himself.

First off - no one can say they weren't warned. This latest descent into madness demo, where he keeps 'retiring' from posting and then comes back 5mins later increasingly with ranting gibberish that has long-since been painstakingly de-bunked, is certainly not isolated behaviour, but very much a pattern that has been building for some time. I will take my share of the blame in this; in treating bs with the same contempt as just another disposable, ignorant jackaninny like <37k, I probably helped trigger this breakdown more than was necessary, since even I would agree that earlier bs content was at least occasionally value-added and mostly shared without too much of an agenda.

Meantime, I keep coming back to the fact that there seems little discernible motive in this meathead's behaviour. The shares are suspended of course so the 'normal' share price chaos that bad actors like to exploit for either giggles or profit, is clearly not available to him in this case. Furthermore, as Red is implying, what's left of bs cognitively must surely be able to appreciate that, despite the low status of this end of social media, he is risking sanctions ranging from action by the Company that could include legal consequences, but will almost certainly involve him losing his anonymity, to a permanent ban from this chat board, an inconsequential penalty for most of us perhaps, but for a miserable, attention-thirsty keyboard warrior like bs, that could prove quite scarring.