Member Info for bluerill

for now anyway, because, you know, I have a life: look at this person's even more recent message where he snarks about the current 'better to sell' profile for the shares on L2. Never mind that after any hugely successful capital return - which has helped the shares double in a short period while returning real cash to many small shareholders, and has put the shares on a solid footing towards even better returns over the course of the year - a bit of indigestion in the shares, as a few more opportunistic players who correctly saw the opportunity to buy in the low-to-mid 30s and tender in the solid hope of getting much more than 10% sold at 46p then look to sell their un-tendered balance into a quiet market, is perfectly normal and understandable. This may take a day or 2 but that excess will of course be taken up.

One would think such a common, predictable backdrop would at the very minimum, warrant no comment at all, especially from someone who has conveniently ignored/denied/dissembled all of the positive progress the company has made in the recent past, including the tender itself. But not this individual. In fact, not only does he find it necessary to comment on it, he actually seems to revel in the very idea that there seems to be seller around who might end up damaging the share price, even for a moment, doubtless so he can then gleefully share that fact with the world as well.
And then what? Will that soothe his tortured soul? I fear not. Sad.....

Honestly, you never know whether to be angry at his wilful distortions or pity the fact that here is a person who is so consumed by bitterness that he spends material parts of his day essentially quoting himself dispensing false information which betrays not only his venality but his utter ignorance as well.

Par example, this gem: '1historyman 23 Feb '19 - 11:06 - 46634 of 47087 Edit 0 0 0 in the last interims, they stated they had received 77.3 mill. Nov 1 they stated they received 18.6 mill total 95.9 million u$ in the tender offer they stated they had received a total of 108.8 mill, so it appears they have only received 12.9 million of the amount which was meant to be paid at 31 Dec 2018 and therefore Eroton are technically in default on the loan. no wonder they are keeping stum. although that doesn't explain why the principal has gone up to 167.1 million but u need to remember this is SLE ………;….. of course the amount stated in the RNS could be wrong after all it is SLE or they could have received part payment which of course would mean Eroton are technically in default of the loan, guess SLE wouldn't want to draw attention to that fact or their RNS may be incorrect, why don't u email them and ask them on Monday.....'

Let's put aside for a second that this genius has reposted this word jumble from February(!), and therefore Eroton would now be in their 4th month of 'technical default' if it had been even remotely accurate - a fact that even a beginner knows would absolutely require an RNS statement from the company - but had that payment NOT been made, San Leon would never have been able to do this massive capital return to shareholders this week in the first place (perhaps in his fever dream state, the cold reality of cash in people's accounts is somehow less real, less relevant, than shameless, unsubstantiated innuendo? Beats me). Furthermore, our intrepid conspiracy theorist conveniently forgets/is too thick to read a document/purposely dissembles the fact that the loan notes are significantly over-collateralised (particularly now with brent near $70 and a new well flowing), while the repayment conditions on Eroton are severe and absolute: miss even a single quarterly interest payment, even technically (the correct use of the word!) by a single day, and San Leon would be within its rights to claim all/most of Eroton's OML18 stake. Since sle are already cashed-up, this wouldn't even cause them short-term issues, though they are clearly working constructively with Jite and Eroton and have no interest, nor have had no cause, to take this sort of action. Ah, but I guess that won't stop this miserable creature from reposting his cold bile from Feb in order to baselessly imply it, will it?

Wilfully malicious or early onset dementia? You decide

I will break my recent promise and reprint Jabba's latest post as it is such a magnificent (and so representative of the author) example of self-love, a mangled quote from the book jacket of a 1970s how-to-make-money-in-the-stock-market guide, and well, gobbledygook:

'1historyman - 05 Mar 2019 - 11:02:01 - 46834 of 47074 San Leon Energy - SLE I do find SLE interesting on several levels, some are why posters waste their life making comments about other posters, does it make them feel better ? how a share in the short term is a voting machine but in the long term a weighing machine that I thought all the deranged people were safely locked away under supervision, wrong in spades there no matter what the management do, people still come back for more no share falls in a straight line because even the stupid people would spot that and sell. if anyone thinks that comments made on a poxy bulletin board affects the share price, shows how deranged people are amongst us, so beware.....'

1. what is sle's market cap?; 2. how many quarterly interest payments have eroton paid consecutively without fail?; 3. how much net cash do sle have today even after paying out 23m quid to shareholders?; 4. what is that net cash figure divided by that market cap?; 5. how much more cash just from that loan repayment is still due and what is that as a percentage of that market cap? 6. how much of sle's equity has the very man who owes that cash to sle purchased without tendering any - in the open market - of sle?; 7. How much clearer can the company be that this massive return of capital is far from the last shareholders are going to see in the near future?; 8. how many other small cap oil and gas stocks to major hedge funds own 72% of? and 9. how many of the previous 8 items in whole or in part, have Jabba and/or his minions reflexively and corruptly denied would ever happen or existed in the first place? Only when one can answer those questions......wait. everyone here knows the answers to all of them and have seen a 50% rise in their holding - even without tendering a share and a hell of a lot more if they did - this year. That's how much, you empty barrel

San Leon Energy* ? (SLE.L, 41.2p, £208m) announced the results of its tender offer at 46p, with 50.48m shares, or c9.97% or the issued equity, acquired for a total of £23.2m. The offer was oversubscribed, with 81.18m shares tendered, and shareholders who tendered in excess of their basic entitlement (of 9.97% of their holding) will have a further 50.23% of the excess tendered above this level accepted. Proceeds should be paid no later than 29 March, while coy also notes that 250k new shares are to be issued pursuant to the exercise of warrants. Positive – an excellent result for SLE.

I would say its a very respectable result indeed.

that's not an adage! it's not even a cliche. here's a real one though: beware false prophets.

Remember, I also called you a puffed-up Google-genius, a towering mediocrity, an expert in the blindingly obvious, a 20/20 hindsight visionary, a fantasist, and boring, or at least I think I did. If not, be sure to include those to your next list.

And look, the shares seem to be going better. Fancy that.....

ugh. just go back to pretending you have a clue about Great Bear's business

well, though passing of the resolution to confirm the tender is a foregone conclusion, I suspect making it 'real' will trigger that little bit more interest in the special situation here, which will naturally aid the steady revaluation of the company's share price

god, he's humourless as well.

I'm jet-lagged so I'm going to assume you're serious and thank you for the thought

Turn in your rosette, uglygeorge.

In fact, I've rarely encountered such a boring combination of over-confidence in one's imagined abilities combined with such pedestrian cut-and-paste musings, where you still manage to get half your 'conclusions' wrong anyway.....

Are you sure you're not American?

'.....Dependent upon tax credits.

Failure to pay rent?

How can we, as shareholders, be confident that WE will ever be paid, as the litany of failed AIM oilers, who also "failed to pay rent" might testify.....?'

That little bit of querulous snark is such a perfect distillation of your puffed-up image of yourself as some kind of imagined shareholder crusader combined with an almost wonton ignorance about this company in general and Great Bear's backstory regarding the Alaskan government's reneging on a long-established program in particular.

Is there remedial class for message board posting?

'......So you are finally realising what an idiotic deal this 'enticement' is for PIs in general (although, unlike the vast majority of PIs, at least you say you bought in the 22p-29p range - after all, a profit is a profit)? Perhaps there is more to the consistantly strange rumblings of Mr Fela Kuti than meets the eye.......'

Never, in the long and tortured history of the written word, from the poetry of Shakespeare to the profane scrawls on an anonymous Soho bath house wall, to the terabytes of inanities that fill out the lonely corners of social media, has there even been, or ever will be, 'rumblings' of LESSER consequence than the post of the squirrel you cite. PC's 'light bulb' moment is precisely the opposite to what you and squirrel-numpty are suggesting, Marty, as it is starting to dawn on PC - and the market - that if one tenders at 46p, no matter the 100%+ recovery in the past 2 months, this share has the potential to go a considerable amount higher - without a lot of effort in fact - as free float is set to decline further just as the cash starts to really come in. And good luck buying some of your tendered position back below 46 in any sort of size if the tender amounts come in at or near the required 50m shares, if that is your intention.....
And finally, do not ever associate the late, great, never to be forgotten Fela, with a common squirrel. One is among Nigeria's greatest-ever international musicians; the other is lucky to get through the day without drowning in his own backwash.

Thankyou, mclean. Truly, a triumph of logical reasoning (and a bit of waiting) over pointless arguing (and a lot of whingeing)

Indeed, be a bit patient. Capital's pvr selling also seems to have taken place over a week ago. Meantime, this is not rocket science, people. Capital are the only shareholder with this general size who have been a known, consistent seller (and the PVR sale by the way, is more circumstantial evidence of the far more important point I made yesterday; namely, that the firm is/has been engaged in a widespread disgorgement of small/midcap holdings, particularly in the commodity space, which has, in my view, had a far bigger impact on AIM valuations than punters realise) , other than ST, who are of course in a drawn-out sale process to Eroton/Midwestern....

Thx so much BS - a post every bit up to your usual high standards of obviousness and banality. 2 thumbs up!