RE: Well basically29 Nov 2019 07:47
"TBH I do not think he would say 'we are selling' in an overt way to third parties - he'll get more for the asset from a direct approach. He has mentioned a figure in the past that he would settle for - whether that has changed I have no idea - but it was about 15 times the current price and that was about 20% of the comparable asset he was comparing with."
With respect, the buzz about a sale has really come from here. The hope of such, based on the usual slimy AIM BOD patter to rope people in, in the earlier 'build up', and keep them in a holding pattern of delirium SHOULD it happen. LR's current response basically swipes that down, at least in terms of, people don't believe your own **** on the forums.
Guys, they're nowhere near. I've seen all this before with GGP. CEO's initially whipping up sentiment and excitement with will they-won't they puff, only to gradually slap the notion down. This thing has been diluted to death, by LR himself, PEEL is using it as a toilet, warrant holders are using it as a toilet, traders are riding every miniscule pip of a rise and then it's being suppressed. I don't know if the Mets will make an atom of difference in such a heavily diluted, played, daytraders share and it's clear that any value seems a long long way off. Unless the mms deem to give us one of those 'fresh air' rises for no good reason, which sometimes happens on AIM.
You're trying to see the best in a share, a company, that has been so heavily abused, both by traders and its own BOD that the only winners are shirters and shorters, and whatever gravy boat the BOD are on for remuneration. Yes, the asset is fantastic, but it looks like it's a long way off being sold and the nightmare will drag on into 2020 and beyond, no doubt. LR is a bungler as far as I'm concerned. Who can put together good patter in RNSs when needed.
And yes I'm a jaded LTH and no I'm not saying it to bring the price down further to buy more. I wouldn't accept more of these for free. This company is a headache and I cannot wait for the day I'm even close to break even to be able to ship out. I just don't fancy losing more money atm and will hang on for what I can scrape back. But I don't take this management seriously and I think there are good people on here trying to help other shareholders who have more integrity and backbone than this BOD, and Oiltap is one of them.