Member Info for Naibob

Surely the Gemini in question is Google's AI tool for research/summarisation ?? That's at least what this casual observer of this board assumed (the type you blow so hard about trying to protect from nefarious posters and mis-information merchants......)

Indeed - should show up in search even if behind a paywall.

Sam - Feel free to share a link or copy and paste some text for those of us unaware of what great news you allude to.

My morning googling not producing any fruit at this stage

Wow Newbie Cretin! Thanks Bluerill....I think you're maybe confusing infrequency of posting with time spent lingering around this cesspit but let's not let semantics get in the way of your late night drivel..

As to my comments regarding GTJD's recent posts, I stand by every word...shameless moi?

Makes me laugh how people (generally team Ramp) get so worked up about opposing views on a stock that has been delisted and is currently un-tradable....bat guano I think

Thanks GetTheJobDone. If said 'Job' is the delivery of informed, well researched and articulate posts then you have certainly lived up to your name! Most refreshing... even if somewhat depressing for the remaining long suffering LTHs, clinging onto slithers of hope. I have mentally chalked this one up as a loss but still look in regularly on the wild hope that good news may appear...

is one way top read the aj bell update.....another of course would that the registrar has bailed as probably not been paid, shortly followed by euroclear bank and anyone else still who has the option to actually walk away and cut losess (yes, i include our former cfo in that camp).

one could therefore suggest that this could be a step closer to oblivion rather than a s****y resisting... as no money has been forthcoming, the law suits are continuing, the creditors will be submitting winding up notices and this mess could be tipped and pre-packed with us and all the creditors on the wrong side.

(hopefully my ignorance of company rules mean the last bit is not actually feasible....)

Don’t worry Gaulsdog - everything will be fine (according to Sam).

Just think, when we relist on the main market this share will go through the roof! And we’ll all be rolling it…

In the meantime good luck with your junk OTC, un-tradable, share.

@sam I have a parcel of shares to sell if you would like to engage in an OTC arrangement ? Happy to enter into a dialogue if you are keen?

Good skills Red, i was wondering if they would turn out the lights on us!

NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM

Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.

Whist glad to finally get an update following the last one on March 11th I will not be breaking out the Salon from the cellar as clearly, and as Afafuma so eloquently* puts it, this is not the first time we have stood on the precipice of a game changing deal....none of which have so far transpired...the only thing that appears to change is the name given to it by the BOD.

Looking at this new deal aka 'Expected Refinancing' i think we still need to take stock of the detail of the RNS.

My reading is that we are a beneficiary of the 'Bond", I would surmise there are many other beneficiaries? If that is the case what is the realistic sum we could borrow up to?

Why is the German Government providing a bond that, albeit via the bond owners, can enable an AIM listed oiler, with a chequered past, to continue its expansion into Nigerian O&G?

I look forward to further detail on this as I think the half a billion number is getting everyone overly moist a tad too soon.

Also, the logic that SLE can go after TRAM for compensation for the failed deal is, IMO, for the birds. Any potential lender will have a decent get out clause built in if they suddenly see something that doesn't suit their current investment tastes.

"...If, as expected, the Refinancing completes by the end of March 2024...." - RNS 11th March 2024

Another month slides by without anything to update us long suffering shareholders.....quelle surprise

Why Sam? Did I miss an explanation back then?

Irrespective of anything I may or may not have missed I only post to highlight a pattern of behaviour.

It may be 4 years old but it does certainly highlight that just because a Nomad allows the publication of an RNS doesn’t mean it is factually correct . I would hazard the Nomads operate on a ‘good faith’ basis. If management tell them something is true they have to take it as just that. They, especially on AIM, are not in the due diligence business….clearly!

There is a pattern here. From OF’s non-purchase to the TRAM funds having been sent….the worrying part from an investor’s perspective, and ultimately the issue that feeds into this debate in the absence of any further updates, is that nothing ever gets satisfactorily corrected or explained. The opacity is really not good enough for a publicly listed company, even if in the somewhat shady world of AIM.

Surely a Nomad worth their salt would have ensured that SLE updated from their last RNS as they said they would….maybe the normal rules don’t count when a stock is suspended ? Not like it can affect the market one way or another…

What are you babbling about man? SLE can look all they like into CJ and anyone else posting research on this board... (they won't like what they see clearly)

None of your, and Alaric's, so-called 'Trolls" have said anything litigious/libellous/defamatory in these parts. Negative yes, but them's the rubs. In a vacuum of any meaningful, dare i say promised, updates is this surprising?

As a shareholder, as you purport to be, surely you too should be challenging the narrative, or lack there of, coming from SLE HQ...the current impasse is truly damning IMO. The lack of submitted accounts is the part that really makes me feel nervous...no one doubts the value of the asset but, if you can't make it work financially your creditors will tie the noose around your neck....

Another dilution maybe to ensure our biggest sponsor gets it's value ?

(please someone tell me that is too simplistic)

History would suggest an end of day RNS informing that negotiations around refinancing are progressing well and a new end of April date for conclusion….

I think you know that’s not the case Alaric, my history here proves just that. I would suggest 40 odd posts in 8 years would suggest pretty poor trolling and confirm my position as a fairly disgruntled LTH…others can make up their minds on the genuineness of posters on this forum and whether they take the posts of those who research their subject well as posting defamatory posts (ha, do me a favour!) or whether, dare I say, those who continued to airbrush over the ongoing issues (TRAM money obviously still being held up by US regulatory checks….please) as who is disingenuous.

Frankly in a suspended share it’s all nonsense anyway…

I reported your posts Sam and I’m a shareholder. I call out abusive postings when I see them and your puerile aggression has no place on boards frequented by supposed grown ups. (Plus having to read your semi-literate attempts at intelligible riposte hurts my delicate sensitivities)

Sam - it would appear you grasp of arithmetic is as shoddy as your attempts to string coherent sentences together. A cursory glance back through the postings of the last couple of weeks or so will see many contributors, both admitted holders like myself and those who have not declared their position (as is their prerogative) taking a pessimistic line on the current shambolic events regarding the promised funding injection and, more pertinently, the lack of any credible updates from the board. This is not 'propaganda' as you put it, just opinion based on what is currently known. Coupled with articles pertaining to the Nigerian O&G industry and events in there High Court....all very relevant in my view.

I've said it before but it's worth repeating; one does not have to possess stock in a company to take an interest in its travails....that's what a public listing is all about.

As per the BBC report - It appears that at least someone is skilled at laying pipelines and getting oil out of the Delta! Probably making some decent money out of it too... looks like we may have backed the wrong horse!

Almost a month since our erstwhile champion of positivity and all things SLE has posted one of his pompous posts (yes you Alaric). I do hope he has not succumbed to anything untoward over the festive period. Please old boy do put our worried minds at ease by letting us know all is well in the Alaric household…

Whilst you’re at it your thoughts on the current impasse and recent news reports from Nigeria would also be welcomed.