Things could not be better30 Dec 2017 22:01
As we round off the year and head into 2018, what a roller coaster ride us shareholders have had, alongside the manipulation the stock has endured we were also faced with threats of being taken over for a lowball figure of 76p by some Chinese chancers lol!
If that were not enough to contend with we then had the without merit or a hope in hell chance of suceeding of being wound up by Avinalaugh & Co!! This took centre stage by the position defenders as being the end of SLE as they knew it, wasnt to be im afraid ))
So, we will enter 2018 with not only a robust balance sheet and debt free but also a guaranteed loan note repayment of almost 5m a week coming into the coffers, bloody marvelous that, by the end of the year even if all things remained equal our cash balance would be more than our market cap lol, guaranteed income aside, can you imagine what is going to happen to the SP once that RNS arrives of not only the reserves upgrade but the monster one saying we have received a lump of back dated oil payments from Eroton, I mean can you imagine?! This will go through the bloody roof, watch as the instiutions scramble for the limited freefloat to rp the circa 19% dividend lol.
As well as all the above, we now have our interest in Barryroe starting to look very real on the bank statement indeed and should a serious buyer now step up to make a sensible bid, Barry will defo need to be in the figures as it comes to a nice few quid!
Wishing all genuine shareholders on here (thats not many) a fantastic New Year and lets raise a glass or two at midnight tomorrow fro the very people that have made this fantastic journey possible, namely all at San Leon and of course our very own Martin Huges!
2018 here we come, lets smash it!!!
Regards
Richard M