Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
BS that wasn't the intention of my post! I am encouraged overall. The clear statements about creditors and debt in a sense is encouraging and perhaps reflects confidence (as point out in different ways by others)
Perhaps just my perception but the RNS seems to have been written in a different style to before and, dare I say it, more honest and clear.
Based on all this chit chat are people expecting this to be unsuspended soon?!
Pretty irrelevant to SLE I would think!
I guess its a property thing again, if you search on the claimants.
Also a quick google finds a Ronke Atkinson, based in Nigeria. She was man director of Veripark up to 2020. VeriPark is a global provider of multi channel delivery, financial crm, and lending solutions for financial institutions. Some connections ...
Makes the buy back cheaper too although I'm sure this has been mentioned before (too many posts on this to read them all!)
QF
New reason? Was there an old reason?
I'm at a loss to understand what words such as the following mean ”TRAM has confirmed to San Leon that funds are in the process of being transferred from TRAM's bank in North America and San Leon has since received confirmation that payment has been made. San Leon expects to receive the net proceeds of the Loan shortly. "
3500p !
Alaric what is your take on funds being in the process of transferred on Nov 2 and now 6 weeks later nothing? Yes if the deal has collapsed there should be an rns enforced by the nomad etc etc. So we have to assume all is fine until notified otherwise.
Yes and this reminds me of the 98 mill shares OF didn't buy but announced to the market.
It's still stated on this site that he did
Directors Deals for San Leon (SLE)
Announced Traded Action Notifier Price Currency Amount Holding
11-May-20 07-May-20 Buy Oisin Fanning 21.00 GBX 98,000,000 107,495,864
I think we should have had an rns update by now, but maybe Monday, the full two weeks.
Yes good points, so might be worth chucking a few more quid at!
Hi the buy-sell designations are just guesses based on the prevailing bid-offer relative to the trade price. They are just guidance/guesses and nothing more.
Well, the long and the short of it is .. .
Just to resend the post from reddukeclothing
" ... Google fca insider trading complaint, and the link comes up to the web form"
I just submitted a complaint too
Yep, yesterdays price drop stinks !
Yes the reporting threshold rules for short positions are available on line. Anyone can look them up.
Schadenfreude!
Are you a ramper now?
And Malcy says
CEO Oisin Fanning is right to be disappointed with this further delay in the refinancing but by the very nature of it it has been a ‘frustrating’ time without any ability to actually make things happen. The big advantage here is that the size of the prize will make up for it significantly, hopefully quite shortly.
Whilst this has meant a delay in the results and subsequent suspension operationally, things are actually going pretty well in Nigeria. Once ELI gets its permit renewals to allow the start up of full terminal operations, which will enable crude oil exports and generate cashflows due to San Leon followed by repayment of loans.
So, whilst the suspension is indeed a disappointment, there is nothing here that makes me think that investors should throw the baby out with the bathwater and will indeed be richly rewarded if they exercise patience and hang on in there.