Member Info for stockdale

And there in lies one danger of a falling SP.

This share holder thing: If I own 100% of the shares I own the company right? If I own 5% of the shares I own 5% of the company. I think the SP does matter. Currently £12 million or so will buy you the company. Any offers?

SXX has gone from 10p yesterday to 4p this morning and now at 5.6p. Dangerous investor territory.

Just the facts sir.

The SP continues to slide. It's now half the value it was just 3 months ago with just the main Cobre client being the issue. That makes the company worth half the value it was then. The $4 million owed has actually cost SML a further £12 million plus.

It's cloudy here.

Still just one trade. A sell. Oh! The excitement.

Millenial? I wish. :-)

Yes it does. No it doesn't. Who cares? The company is financed by share holders. The company's value is the SP x the number of shares. The SP is important to the company.

DGR - don't care about semantics. The money comes from us. Whatever the roundabout route. The substantive point still stands.

By the way I see just one weak sell this morning as the only trade. That's how excited investors are about SML currently. Those who don't care for any news from the BoD should be buying in if they have such confidence without news.

What's not to understand? Look at the SP now. Look at what it was up till July. We need an increase of 60%+ to get back there. To a point where we need to be before the expected rise to the, currently laughable, 5.5p.

If you understand AIM you will know such a drop since July will take a lot of recovering just back to where it was. No matter where your other investments may be this should not be at this level. The main Cobre client should be pulled up by the SML BoD by now to get the money they owe. We should be kept informed of that as we finance the company. Leigh Creek should be ramping up production right now from July to reach peak production early 2020. All of this should be informed to shareholders.

Some here may be happy to hear nothing. However you can not deny the effect thsi has had on the SP. The evidence is all too clear for all to see.

PMO have oil and are producing. The oil price benefits them. 88E have no oil and no oil production on any horizon apart from the possibility of Charlie 1 in February, 2020. And we've been there before, several times.

If all they want is their salaries then it's not a problem for them, until it is when share holders get voting at meetings. If they want some return on their shares and share options then it certainly is.

With the SP currently at 0.92p and no news resulting in a further slide we'll need a doubling of the SP from here to get it back to a reasonable start point to move up anywhere near the predicted 5.5p. That figure is laughable at this point.

SML has completely stopped all communication with share holders. Another week starts without any news of any sort. Not even a confidence boost from JP to motivate share holders and prospective share holders. At this rate the SP will continue to slide. Then any good news will only re-rate the SP to the recent figure of around 1.5p or maybe not even that high. After all that would be a rise of over 50% on the current price. It's rather demoralising at the moment for a company with the prospects it has.

Chartman - a joke has to be funny for it to be a joke.

The oil price only has a value to 88E if and when they're producing. Until then you may as well discuss the price of gold on the moon. If they find it there.

If the implication is that the result would be an increase in the oil price that won't benefit 88E. They have no oil to sell currently. Just promises for the future and possible oil in the ground. That's worthless until it is brought to the surface and marketed.

Not quite. Used to be a false Dawn. Now just a false dawn.

I wouldn't expect anyone to want to give anything in a contract. I would expect 88E to require PMO to do it as part of the contract. I wouldn't expect it as a gift.