Member Info for MartyPoppins

I too am tired of your hectoring blabber and will let the company itself address the matter:

"....... the main credit risk is regarded as the timing of payments by MLPL which is dependent on dividend distributions by Eroton...... To date Eroton have been unable to make a dividend distribution. Consequently, MLPL had to enter into a loan in 2017 and subsequently, in order to be able to meet its obligations under the Loan Notes and make payments to San Leon."

And now we have a one year + extension.

I suggest you make any further diatribe on the matter directly to OF although, if you want a civil reply directly from the horse, I also suggest you leave out the name calling.

Why do you, like your sidekick ("pipe losses are immaterial. But when reduced, the effect on revenue will be significant......"), always talk in circles? First you say there is no risk whatsoever. Then you say that, due to global economic circumstances, perhaps there is a valid need to extend the facility. Make up your mind. BTW, your second point merely repeats what I previously said. Presumably you think that the fact you are now saying it makes the point valid.

Your 'what if' is great but remains what if. When SLE starts returning funds to shareholders, people like you can stop talking in circles.

..."racism is a criminal offence in the UK...."

In which case I suggest that you change your style of writing soon. But that would be like asking the scorpion not to sting the frog (yes, I realise that many of the yo-yos here do not understand this reference either).

Only a matter of weeks ago, I said that one of the issues that SLE faces in the current environment is counter-party risk. You of course dismissed the notion with your usual mockery (just as previously you had dismissed the pipe losses as insignificant). Now we see an RNS indicating that the LN due on 30 September 2020 has been extended to December 2021. You really think this is because MLPL wants to increase interest payments to SLE? SLE management itself expressed the situation rather clearly in the 2018 financial statements (which I doubt you read) - "Due to the inability of Eroton to make dividend distributions, the directors consider that the credit risk has significantly increased since initial recognition ..."

As to the company's 'strong position armed with such significant cash' - so what, Oisin - we have been hearing this for years? While acolytes lap up his words, investors await his actions.

Sasa4,

I think you might be correct. The movement on some other PM holdings has been very erratic now that the direct correlation with the price of gold has weakened. So basically we can thank the machines that now have so much influence over the SE for the steady rise in POLY.

Still thankfully my core gold holding on LSE but now that PM mining prices have broken from the price of gold, I do have to wonder why POLY continues upwards in such a steady fashion (some small dips along the way but soon recovered) compared to other gold stocks whose price is either stuck or irratic. Not complaining of course.

Matey,

My flakey response means I could not be ar*ed going through 2 years + of your continual insults at each and every poster who has expressed a position different to yourself, including our Nigerian friend (oh wait - he's NOT Nigerian, therefore it's OK to insult him..... Truly going round in circles now). Given your other attributes, I find it amusing that you express such utter outrage at being called racist - hit a raw nerve? But you accepting that you are insulting hectoring bullying and arrogant is a good start. Keep it up - you and your blustering friend might one day reach a point where one or both of you you can write a post without malice. But I doubt it, 'Jerk'. Very sad - a lot of pent-up hatred in your posts. You make this board toxic. And some boards on SLE are so inclusive, easy-going and informative.

('Court' - WTF are you talking about? And is OF the judge? Watching too much TV in these Covid times?)

McClean, yes of course if it wasn't for covid-19 and the oil price crisis SLE would be priced at GBP 1+ (and that is sarcasm, in case you fail to notice, like some other yo-yos who post on this board have done in the past). The pre-covid/oil crisis price trend has shown down, down, down. Those latest events merely continue the prior trend. Get real. Or even better Get smart (and yes, I know that you don't get that reference either).

M91,

What point are you making - how utterly wrong you guys have been about the investment cast for SLE? Pointing out my current paper losses is totally nonconstructive - NO ONE here cares about my portfolio. I might remind you that you guys have been saying that this share is worth well in excess of GBP 1 for years. If you were even close to the mark, keeping some on at 46p was obvious. Turns out you were clueless about the share's valuation, and that perhaps I should have sold all at 46p.

But NO ONE CARES.

Ask our Nigerian friend. Let's move on to 'insulting hectoring .... bullying arrogance'. Might need more than a postcard for those.

You guys lost the plot a long time ago. The purpose of these boards is to give opinions on companies and management (good or bad). You guys just give endless bitter bile. Sad.

What is it with you guys that every time someone posts a different opinion or viewpoint to yourselves, you must respond with an insulting hectoring racist bullying arrogance that heeds no dissent. You live in a xenophobic, non- inclusive world where the only voices you hear are your own. And worst of all, you have been factually wrong for years - you do realise the current price is 17p????? So much for your endless ramping on the investment powerhouse that is SLE. Such a vast inferiority complex that you cannot accept any view other than your own.

Looked up the Parkmrad website for the cash burn breakdown. Nothing there! I know that PMG believes investor communication to be a waste of time but this is ridiculous.

AA,

CEO's have a varying effect on the companies they run, and TC is top of the apex. That's probably one of the reasons why the company has such a low institutional ownership - institutions don't want to put large sums of money where only one guy is in charge (ever) and he, in turn, doesn't want institutional ownership as it might attempt to cramp his style. So everything in PMG is TC all the time - every second non-regular RNS seems to be about his related party matters.....

Thought the tanking after the farm purchase was overdone (it's not actually significant) but it just keeps falling, and unless and until we hear news to the contrary (hear news from PMG - ha ha!!), this driver is driving the bus into a brick wall. Might have lots of company ATM given global events, but we saw no reaction to the post farm-purchase share price collapse and no response to this further collapse. $30m allows management draw remuneration packages for years to come - why should it worry?

FE,

It's not a case of seeing old SP heights, it's a question of survival. Not sure TD, of all people, understand that in his quest for ever more debt.

Down 9% today on no news while most (of my other) shares seem to be picking up. Yep, we have a bit of a dog's dinner here.

Good luck to new entrants - LTHs are suffering badly.

81 posts so far today on a share priced at 1.3p. I know people are bored rigid, but couldn't they hold back on the key-board? Let's restrict the comments to people with more than GBP 20k invested in the company...........................

As I said, fawning investors. And the semi-constructed building (luxury, with indoor swimming pool, I read? As required by all sheep farmers, no doubt) that investors then paid to complete? And the loan from the company that probably helped buy the property in the first case? And the.....

As said, why take it private?

You are on the wrong continent - there is no national emergency where I live. Perhaps you re just commenting on the British people in general and their current obsession with toilet paper. Churchill would choke on his cigar. And the issue here for investors is the absolute lack of communication (as usual) by management in the face of a collapsed oil price. If management does not consider such events, and an associated price collapse, worthy of attention, what is it being paid for? And your apparent lack of interest in the matter shows how little you have invested in the company, so why do you bother commenting?

Sigh, stop being so arrogant.

Why would TC take the company private - he already treats it as his own company without opposition. I still find it hard to believe that fawning investors did not object to the vegan farm purchase at the AGM. Of mice or men?

Given the many issues at hand wouldn't you think the SFO would drop current cases as companies have enough to deal with ATM. But no, they continue in their seemingly endless quest to prove that nasty listed UK companies are corrupting the innocents in Africa, Asia and the Middle East. Laughable if it was not so pathetic.

Bit like being in the middle of a pandemic and spending all your airtime criticising Trump because he called the virus 'Chinese'. Eh, so what.

Even on the Blue Days this share does not move (today it is actually down when most is up) indicating that it is not on anyone's shopping list, and will only move on positive news that is ALM-specific. The last special dividend obviously provided a boost in SP - any ideas where the next boost will come from?

Originally invested in this company at 40p + - now at 20p. Cash is high, but so too is cash high for many other companies that have fallen just as badly - the truth is, in a sell-off the market does not care.

Few people have unlimited cash, and I am not one of them (....). So, like just about every other LTH here, the question is do I eventually average down (with a high opportunuity cost - stops me doing similarly on other shares) or write it off as another AIM disaster? Not saying the company is a disaster, but the situation certainly is.

Be interested to hear what other holders (with limited funds.....) are actually doing with the share?