Member Info for MartyPoppins

Up 20% today (or almost 100% on year's low) and STILL no one comments? What the.....

M,

I doubt the guarantee will be enforceable under UK law, but if you say it is I am willing to accept. I could not be *rsed to check, because frankly the whole transaction is a farce for a supposed 'O&G' company.

Given you were the guys saying we would never see the 40's again after the 46p 10% share BB, I am surprised you are now suggesting PI's should have sold out fully. But perhaps you were correct - now maybe we won't see the 40's again. Hindsight is 20/20 vision.

Can't understand why these ramping jerks are still posting - T, T, S & IM no one wants to hear from you any more!!!!! This share is dead and you wasted HUNDREDS of hours ramping it.

Ah yes, I had forgotten about that 3rd party guarantee from a trustworthy entity enforceable under a stable legal jurisdiction. I was thinking of the guarantee by 2 other companies involved in the same transaction (nothing circular about that) to act "honestly and in good faith" - as all companies in Nigeria do - under a guarantee presumably enforceable by the Nigerian legal system. I was also thinking of the fact that Eroton has yet to pay dividends and that for 2 years MLPL has been taking out alternative loans to make repayments.

So no, I would not boast too loudly about a solid asset base just yet.

However, despite how appalling the above facts look, I am comforted by the idea that OF, as a shareholder, will never allow himself be screwed by his Nigerian counterparts. Instead he, the Nigerian counterparts and major shareholders will work in harmony to take the company from the minority shareholders.

So be it, I couldn't give a monkey about what they do with the company - 55p, while looking very optimistic ATM, gives me a reasonable profit and is all I am looking for.

"Being a loser" - 99% of PI's in this share are losers. Most have long given up on the company - at least I retain hope for a price rise from the current abysmal level and a (rather optimistic) exit strategy. We'll see how it goes.

"$140m owing"? That would be the loan notes for which, per the interim statements, management have assessed the credit risk and consider that it has 'significantly increased since initial recognition'. Good luck on that one if there are increased problems in the oil sector.

But let's assume there are no problems - I sincerely hope not, still being invested. You guys say the share has a value of 130p. The current price is 28p. Somewhat strange, that. Now who do you think is going to accumulate and eventually pocket the difference? My bet is that it will not be you or me. I am not greedy and will be more than happy to get out with an offering of about 55p (are you listening, boys?) but 'the team' continues to play minor SH games. Unfortunately, with a current market price of 28p, even 55p is beginning to look like wistful thinking. You guys can hang on for your 130p.

Jumped in again in the 180's but MTRO fully living up to its reputation so far - MTRO up 2%, Lloyds up 7% etc. Etc. Bah humbug and Christmas cheer.

Rien ne change. If patience is a virtue, LT holders of MTRO are all saints.

A,

And unfortunately they continue to post (with supposed authority......).

Just 2 comments wrt AAOG:

TIA (this is Africa) - screwed by dodgy government bodies and by dodgy drilling companies operating in the region whose rigs fall down;
TIA (this is AIM) - screwed by a lack of governance, by overpaid senior management speaking with forked tongues and, as ever on AIM, by unending dilution.

Not that anyone will learn - just as scorpions must sting, we will all jump on the next AIM listed micro cap to start drilling in Sao Tome or offshore Togo or Sierra Leone or.....

"A misogynist(ic) troll who looks like the result of cousins marrying......"? Please leave Prince Andrew out of this - he has been through enough already.

Now go back to your kennel.

Thank you J,

I have finally learnt something of real value on this board - WYKOM is now stored in my collection of Wondrous Phrases of Light Abuse and ready for use. I think I will trial-test it on my wife.

Amtech,

Most boards on SLE (and especially those for O&G coys) have their rampers who denigrate anyone with a contrary view - the denigrators on AAOG will simply move on to another share and start all over again with a similar approach. And true to form, after years (....) of putting down alternative opinion, their response here to the price collapse is basically a flippant " Well yeah so what, sh*t happens". However I doubt they actually influence anyone with their arrogance as you imply - they simply shut down the conversation, destroy balanced discussion and drive away investors.

Hard to see what kicks they get out of it, TBH.

Jogoat (WTF....)

You guys still don't get it, do you? Good luck with your unending admiration of, and confidence in, 'good old Oisin'. I suppose Bernie Madoff also had his admirers.

Most of my prior posts mentioning OF (and wimmen) have been removed - the faithful are very protective of their Master. I wonder if this post will survive the day........?

A,

Perhaps investors are finally beginning to read what you write (and wishing they had heeded what you wrote previously)!!!! And presumably with no more snide comments to follow your every observation from the 'bunch' (although, unbelievably, they are still trying to justify their prior hyperbole).

Talk about shutting the shed after the horse has bolted.....

JH,
Best let the rampers follow their dream to zero. Given their constant distain of anyone with a less-than-positive view ("TROLL!!!!!!"), they deserve it. For proper investors (myself included....), a very unfortunate day....

Over a year ago, and having worked in the region, I said that one of the biggest risks facing AAOG was their dealings with their Congolese counterparts. Of course, the ceaseless rampers said that that was rubbish and that payments were timely and secure. Apparently not.

If this was a bargain at 10p, it must be an even bigger bargain at 0.9p - eh, right?

RK was told to step down due to inappropriate behaviour. Since then, the SP has moved from 2000 to 340. I suggest the entire management team step down due to inappropriate behaviour to shareholders regarding management of the company. No hugs or kisses for this shower of idiots.

The SFO fools try to apply British working practices to places like Congo. Just does not happen. Might as well try to substitute Congolese (or wherever) traditional dancing with Morris dancing.......

The children have noted that while LT investors have suffered enormous losses Daddy has received :

- generous cash remuneration
- sizeable options
- consulting fees
- a large loan
- the eternal gratitude of his wife.

Such is AIM.

Your loyalty is admirable but don't let it stand in the way of your investment decisions. Look at SOU and the prior adulation forJP, the youthful Soulboy of O&G exploration companies.

Fortunately we don't have to love the train driver to buy a train ticket (especially if the expected trip is short) and, as the share price is strongly up again today, we should be happy not calling each other names. I am. But I do wonder where the price would be if that farm purchase had not occurred?

With increasing revenue, strong cash flow and attractive assets, this share is slowly and erratically getting back to pre-stupid-farm-purchase levels. Imagine where the price would be if the name Tom Cross was not associated with the company. Investors are simply afraid that Cross will run away with the company's wealth in whatever way he pleases, as he has successfully done so far without question or opposition. I'm in the money so far, but for how long - presumably the price must get to the 50's plus as that is his wife's buy-in price (content wife is one of life's necessities) but thereafter what plans does he have to screw the shareholder? AIM is a casino where the croupiers are normally crooks.

An investor asks a sensible question and gets told he is 'silly' 'stupid' 'a bore' 'ignorant' 'arrogant' and told he is writing 'gibberish'. What is wrong with these people?

And IMO, to write that a crackpot company in a crackpot country working with crackpot bankrupt partners, led by its current management team of self enriching overpaid previously- bankrupt horse traders, acts independently of its majority holders with over 75% of the share count is naive at best but more accurately absolute gibberish.

B/A,

Since - judging by your LSE posting history - your entire investment experience rests with the magnificent SLE (about which you admittedly post on a daily basis), then I suppose it makes sense that you do not see anything remotely odd about the fact that majority holders own about 85% of the company; that a share you say is worth 130p is currently trading at 25p; and that the company has introduced a nonsensical SBB that does not increase the share price in any way but slowly mops up the freefloat; and that the price at which it is mopping up these shares (worth 130p per yourselves) is at the same derisory 25p. Thank goodness the major shareholdrs do not communicate with each other in any way - I would hate to think what would happen if they did.

'Research on SLE'? The research I did was on gas in Poland - although you might not have noticed, the company switched to oil in eh, Nigeria. Oh, and lending to entities no one else will lend to. The only thing I did not research was the criminal record of the CEO. Mea culpa.

I wait for the minority shareholders to be bought out at a price higher than 46p. Then I can say goodbuy to this disaster.