Member Info for Nightgaunt

More than 5 sells to every buy suggests the charts are wrong. As I said only worth what someone is willing to pay.
Like it or not other than offloading RRTL what else do the BOD have planned, they have said nothing of their plans nor any mention of trying, let alone selling rigs if they want out of O&G. At present the rigs are worth nothing, just like shares until you sell them, then they have a value.
I'm struggling to think of anything a failed O&G company could diversify into they just don't have the skillset for anything more technical tbh.
Only way they could is buy the expertise and that comes at a price, no doubt a price far higher than the cash they have in the bank.

Forgot to add my post was about the cost to LO not the value of STA if you care to read. It was in response to alfresco's ramping.
Adds a little balance and a different perspective dont you think?

I value it for what someone is willing to pay for it at present. In other words not much as a failed O&G company ( and I use that term loosely) with a few over valued assets that in the current climate no one wants and a history of deceipt and failure.
Then again I have no agenda and can speak as I see fit, how about you?

Wishful thinking, so LO can't pay monies owed on time and assuning they have inherited the potential $4.9m in unpaid tax (plus cost if they lose), they are now going to find almost $22m down the back of the sofa for rigs no one wants?
They tried selling some of them earlier in the year and the buyer pulled out, why would that be when they were more than likely the best of them?
So RRTL would then have cost LO $27m-$32m, can I have some of what you are on?

Is it just me that is wondering why the LO payment keeps getting pushed back?
Seems rather strange, perhaps as court case has not concluded?

Nice to see some longvterm holders here that have gone through all the "jam tommorow" this company have spun for years.
@Photo, the company as it stands has no vision of the future in any shape or form, read the last 6 months of RNS's if you haven't done so already.
They are basically a failed O&G company stuck with over valued assets that no one wants given the current climate in O&G, couple that with very little hard cash and no future plans in the public domain I'm sorry to say nothing seems to have changed for small investors.

Where is the official announcement?
If it's not in the public domain it's not official, no better than a fairy story based upon past experience of the total bull this company have given everyone here over the years.
I'll believe it when I see it officially released so feel free to post the link I and many others cant find.
Please don't ask for me to email the company given all the promises over the years that came to nothing I'll believe it if they publish it in public. They fact they have not done so suggests to me it just more smoke and mirrors, let's face it why would they not publish something this positive? Perhaps given all the failed promises and investigation into their dealings over the years is stopping them if it's not true? More false information would only add fuel to the fire burning under them already.
In my world no news is no news and I'll believe what is posted legally in public not via conversation. If it's not written down it wasn't said, rule number one in any business.

Good to see posts from people who are well aware of how much cr@p this company have put people through over the years, myself included.
Anyone ramping this is either mental or has their own agenda.
As for the tax liability I find it hard to believe this does not sit firmly with STA given LO have not paid the final installment, until that is paid surely it is still STA's responsibility, perhaps why full payment has been withheld until after the court case concludes? It also explains why neither company have released an RNS on this, smells a bit like scaled marine animal that goes well with chips too me!

Oh I think there is and actually that RNS offers no proof.
If you have said proof already posted in the public domain as already requested please post the link to show the tax liability has categorically been dispensed with by Star Pheonix.
I suspect you can't do that but feel free to prove me wrong.

Can you point me to a link where this is in the public domain then?

Alfresco, if this is true please point us all to the information as there is nothing in the public domain regarding this.
No RNS from Star Pheonix or Land Ocean either so as it stands where is your proof?

I'd also ask, would you be happy knowing a company you have put your money in after paying tax on that money yourself are not paying their own tax?

Not if its historical

Neither does it imply it won't.
We will all see in due course.
If you're a gambler go for it, buy every share you can. Probably worse odds than a betting shop but as they are currently closed you can get your fix here.
Pay your money, take your chance just don't forget to pay your tax.

I for one wouldn't take the chance but suspect it will be STA in court otherwise they would have noted that in another RNS.

I very much doubt the liability has been sold as it is STA that are in court as per previous RNS.
Loo - Leader of the Opposition ??

I very much doubt the liability has been sold and Loo - Leader of the Opposition ??

In addition how much cash burn do they have with nothing being produced?
How is that cost being covered and for how long? With absolutely nothing in the public domain that tells you the direction of this company and no oil production I'd live to know what they are selling here?
Alfresco (Loo) you seem to have ideas on this, care to share?

The $4.9m does not cover any court costs.

...….. and yet another drop in SP.
They need the cash to pay the $4.9m in tax plus any court costs should the case next week go against them.