Member Info for RichinMinerals

I am surprised no one has any concerns about the newly appointed CEO Mitch Flegg. I have previously spoken with "Mitch" at length on several occasions in 2016 via phone regarding COPs great asetts and how well thay were doing and why was he putting out negative RNSs with lots of "uncertainty" in them, he tried to blame the low oil price environment and smallish debt as reasons why it may not be able to continue as a going concern and may not be able to meet its repayment dates, this was depite the loan not needing to be paid back until June 2018!! I asked him why he hadnt hedged any of the oil and he replied he did not foresee such low oil prices (what a great and wise forward thinking business man NOT) All oil E&Ps have debt Mitch, oil prices ALWAYS rise from a low period Mitch, its $63 now Mitch. You basically gave the asetts away because you had no skin in the game yourself and didnt give a monkeys about your shareholders, instead you threw in the towel and tried to pass the buck on to the previous CEO, didnt fool me Mitch, the phone conversations told me all I needed to know about you and as soon as this company relists I am selling based on the fact YOU will be running it, or not should I say!! You should be ashamed of yourself, as IMHO you are not worthy or capable of running an oil company. Good riddens and may Karma come visit you one day. Sincerely Richard M

the hearing is tomorrow, said Hilda from the Cock&Bull. Bestest Dickie

court was adjourned yesterday. I say what a sensible judge )) Keep hoping defenders, theres always hope lol. Bestest Dickie

than it was on Monday!! Every $1 rise in oil = $90m increase in SLEs NAV, when the "conditional" bid was formulated the price of oil was around the $40 mark today it is flirting with $58 which gives us an increase of a wopping $1.6B to our "current" reserves since China "not so" Great put their low ball bid of up to a max of $459m in. Baring in mind our NAV has increased by $270m since Monday alone so I somehow think if they are seriously interested in our low OPEX OML 18 stake thy will have to scrape together a few more Yen than what they preciously thought )) As for Avinalaugh, I believe those that laugh last will come out on top, I think soon it will be SLE holders laughing loudly and lastly :-) 76p just got that little bit more laughable and even 93p does no longer sound interesting when put into future perspective, organic growth, increased reserves, higher production, higher oil prices, DIVIDENDS!!!!! )) Good luck defenders, you seriously need it now girls lol Bestest as ever Yours Dickie

Mitch Flegg appointed CEO and to the Board of Serica with immediate effect Not happy about this, this is the guy that rid his hands of Circle Oil (COP) for a bag of peanuts, COP had excellent asetts that would be doing very well now had he not threw the towel in. Something underhanded went on with that and shareholder value went to zero with him at the wheel. Certainly not a company I would like him to be a part of. See you all in 6 months to see what a transformational deal Mitch will run for us. Regards Rich

I do believe a couple of our resident non holders are suffering from this dibilitating condition as is evident from the times of "their" postings lol Would be great to get an offer recommended by Tosca whist still in suspension and then only come out to mark the price up to 93p or somat, maybe then the aforementioned will be displaying symtoms of pollakiuria instead )))) Got to go now, my dry nights are leaking through! Bestest Dickie

A barrister for San Leon made an ex parte application to the judge Bronagh O�Hanlon in the High Court on Thursday, seeking an order for �specific performance� against Avobone and a related company, Avobone Poland. A specific performance order is usually sought to reinforce the terms of an existing deal or arrangement. San Leon and Avobone previously worked on an oil and gas venture in Poland and Avobone last year got a court ruling ordering San Leon to pay it �23m. San Leon has made some payments but reached agreement with Avobone on November 1 to reschedule payment of the �14.7m balance to January 15. The barrister for San Leon said the specific performance order would stop Avobone seeking to liquidate San Leon before the agreed payment deadline. He said the �14.7m would be paid by January 15, as agreed. The order would also �restrain� Avobone from advertising a proposed liquidation of San Leon. O�Hanlon said she was satisfied to give short notice, allowing the court papers to be served immediately on Avobone, and the case is due to return to court on Tuesday. Shame for the non holders )) Not long now defenders, not long )) Bestest Dickie

would be the norm after a 10p placing no? R

but once the overhang has cleared we should test 13p before long. I have a three year view on this share making a decnt return. Good luck Richie

hopefully you all bought a bit ))) Remember the difference between a "bid rumour" and an actual "bid" Yer on yer own now as I dint trust none of yers ))))) Be lucky, up, down, sideways, backwards, forwards, straight on, left, right lol Be nice wouldnt it.....wouldnt what? Nothing lol Regards Ricker

dishonest sid actually wrote one sentence that I totally agree with him on, he wrote the following sentence earlier "Avobone obviously know more than us about SLE's finances" Hmmm, my thoughts exactly and I also assume they must of signed some kind of NDA with SLE as well, therfore they should in theory be classed as "inside" like Tosca et al whom up until suspension could not buy shares based on their knowledge of whats going on within SLE. Is it just a coincidence that a Netherlands based branch of ING have purchased more than 7m shares in SLE, the same country that the owner of Avobone is naturalised? Are these share purchses connected to anybody from Avobone? Has insider trading and breach of NDA been committed by Avobone? Hmmmmmmmmm, the mind boggles...... Bestest Dickie

lol Hopefully San Leon can counter sue for unreasonable demands, notwithstanding it was all AGREED by both sides lawyers. Loling all the way to bed )) Bestest Dickie

can anyone give me some advice please, I know the platinum mine where San Leon operate is near to another Platinum producer, can some one tell me who it is. I am also looking to buy in after lunch time as I have around $93 to buy shares with, is it the right day to buy shares? I also hear ther is a guy called Nelson Mandela that is top dog and knows his platinum from his oil and that there are talks of Rio Tinto buying the company out for a zillion squid. Any futher help much appreciated. Ta Dickie

has risen a further 36% since the indicative low ball offer from GC and I am loving the rise as it is making our company in an extremely good position, each $1 rise in the oil price adds $90m to our NAV!!!!! So based on that assumption our NAV is almost $2B more than when GC put forward their conditional offer, yes thats two billion dollars more!!!!!! I think that the Chinese are now fully aware that even the highest side of their offer will be flatly rejected, I believe when they pitched their offer when oil was $42bbl that the price would either drop back a bit of level off, how wrong they were and thankfully because they have dithered I sincerely hope they have missed the boat and will need to take the slow boack BACK to China! I believe something big is about to happen here at SLE, cant say more than that, although I can say I wouldnt want to be in the position defenders shoes when it does ...)) Guard them positions well lol Bestest Dickie

that should twist their arm a little bit more lol Green tea anyone )) Bestest Dickie

OMLs current 2P reserves are 576mmbbls of which 10% belongs to us, thats approx 57mmbbls net, OMLs current 2P gas is currently 4,213Bcf......OMLs upside contingent resources are an extra 203mmbbls and an extra 1,648Bcf of gas. To keep things simple, I will totally omit the gas when running the figures, so based on the upgraded oil figures would bring our share of oil to around 93mmbbls which equates to around $4.3B excluding the OPEX which are $10bbl. So without the gas and jour other assets, the oil alone is worth $4.3B and here we sit with a MC of $140m, someones pulling our chuffers me thinks..... Good luck the defenders, not quite sure how you have got away with it this far TBH. Regards Dickie

San Leon purchased our slice of OML 18 for around $220m, oil was priced @ $28bbl. Upon relisting with the transaction complete, San Leons MC was approx $250m. As a comparative metric, had one had invested in 1 barrel of oil when it was $28bbl (the same time the deal was struck) and kept it up until today, one would be able to sell that same barrel of oil now for $56, therfore doubling ones money. However, here at San Leon (the oil company that most "holders" like to bash) a rather strange phenomenon has occured, whilst oil has gone on to double, instead of San Leons MC rising along with that doubling of the oil price, it has actually halved, yes halved, as in lost 50% of its value, despite the price of oil increasing in the same window of time by some 100%!! Which is almost as absurd as being told that the very same barrel of oil you purchased @ $28bbl is now only worth $14bbl, instead of its true market value of $56, it couldnt happen could it.... San Leons current MC is just over $140m and oil is $56bbl, more than just a slight disconnect me thinks. Under normal circumstances MC should be at least $550m, I say at least as I am not including any other asetts than OML 18, call the rest such as Barryroe freebies. The moral of this story is that 93p works out to be the equivalent of, yep you guessed it $550m!!! Dont have nightmares )) Bestest bestest Dickie

traded post the suspension RNS, I always assumed suspended means just that, suspended. Seems a bit to me like the losing team scoring 2 goals after extra time and decalring themselves the winners. FCA should be looking into who exactly executed these trades IMO, stinks more than the stench already eminating from the so called "stock" market lol Maybe give them a buzz meself tomorrow after golf )) Dickie

I will be giving you all a trading opportunity in this stock, I will tell you when and which way to place your trade. Be lucky and keep em peeled, just dont ask no questions and I will tell you no lies. Regards Richie

despite the bashers disecting each and every news article twice and thrice, they collectively failed to register the fact that the letter received by San Leon from Midwestern was indeed on the same day as the previous lifting of the suspension, which was the 11th of September. Like I say, my money is still on Eroton being a suitor, the lack of dismissal in regards to Eroton being a suitior speaks volumes. A friendly message of advice to the Chinese, if you want to snap up a bargain here at SLE, unless of course you want to waste the millions already spent on advisors and DD, you had better step up to the table with your offer pronto, or else you will miss your chance. Good luck with that as due to the length of time it has already taken, you may just have missed your chance )) Dickie