SAS ruse24 May 2023 09:47
Morning all. Great time to top IMO, but each to their own.
As for the SAS 'vigilante' group - really? This is purely a tactic by the shorting crew to engineer a supposedly and artificial 'win, win' situation, it's objective is to create a situation to further 'bash' the company. Already we're reading posts about how yesterday's RNS was a result of the mighty SAS pressure applied on AM (a JV announcement will no doubt be a consequence of their stance) - really? So, a perceived 'win'. Then if AM does not engage with some 'live link' or answer direct SAS questions in the AGM, they have their stick to further 'bash' the company, 'not listening' 'arrogant' blah blah.
Think about this for a moment; an entity called 'smishman' will represent the SAS at the AGM (smishman has some legal experience, not sure why this is relevant, it's a meeting not a court), so called shareholders have emailed their holding to a random email Avalon@SAS.com or such like. Yes - in essence, that's it! You can make your mind up on that one.
All for shareholders to vote whichever way they choose, no problem, I'm for name change and USA listing and I think the top end consolidation is purely to set parameters that are not realistic metrics (100-1, yes, realistic).
Amusing as it is, this SAS ruse ought to be pointed out for the small minority of readers who have not yet wet themselves at the thought of Arffuur and Smishman going for gold on Teams or Zoom, and quite possibly finding common ground whilst making up afterwards in the rich oil fields of Avalon. Anyway, just saying. Important shareholders vote if they have strong feelings one way or the other. I'm confident that COPL (after unforseen challenges, and challenges that could have been dealt with better) are getting their ducks in a row here. It's basically all that oil what does it for me. GLALTH