San Leon Energy Share Discussion Threads

[gary hindsight] 08/7/2022 08:25

I also thought that when admission doc is publish shares will be re listed I am not seeing it here or is it only after the re-org and creation of the pref shares after agm?

[gary hindsight] 08/7/2022 08:23

This bit is concerning if I understand it correctly. There is still material uncertainty that the leg outside the control of the company will completeIt saysHowever, while the working capital requirements of the Group can be met for the 12- month period, the Directors believe that the continued viability of the Group and Company into the future is dependent on the completion of the Proposed Transaction. As such, the completion of the Proposed Transactions creates significant uncertainty upon the Group and Company's ability to continue as a going concern beyond the 12-month period. The Directors' have concluded that this represents a material uncertainty which may cast significant doubt upon the Group and Company's ability to continue as a going concern and that, therefore, the Group and Company may be unable to continue realising its assets and discharging its liabilities in the normal course of business.

[red5] 08/7/2022 08:21

results also out could be a big factor

[red5] 08/7/2022 08:20

yes a large read through with a cup of tea or orange juice this weekend no time yet as working but will monitor the boards to see what other think.

[cd27idw] 08/7/2022 07:59

We've supposedly got an "indirect" interest of 44% of OML, "facilities estimated at $151 million for NFA, $3,414 million for 1P and 2P reserves and $3,714 million for 3P reserves"

A further share release of 344,334,257 shares released making a total of 868,029,818, vs 449,913,026 original, our share percentage has about halved, Tosca fund is now down to 37.64%. This is the crucial bit, how does Tosca fund's growth on it's initial investment pan out. There's mention of 18m shares to board members, but that's not massive. Beyond the fact that it's dependent on Eroton raising the readies, we have to wait for the market to decide.

[rimau1] 08/7/2022 07:55

Very quick scan and to me the transaction looks broadly the way it has recently been described. Can i be the first to say BOOM! I will spend the weekend analysing this in depth but this is transformational whichever way you look at it. Nearly there.

[red5] 08/7/2022 07:54

what should expect the share price with all this in place the value of being reversed in from when the last share price in. i have seen reverse take overs in past given higher sp

[hpcg] 08/7/2022 07:29

What do you mean clue on the share price? That is set by the market. It is going to take some time, a few hours, for anyone to work out the implications. As stated in an earlier release it looks like we get debt element as $40mn of preference shares, which is 1oc in value. I hope admission will be after approval on 5th August.

[cd27idw] 08/7/2022 07:22

further 344334257 shares issued; current shareholders get preference shares with dibs on 1st $40m dividends, about 8.8c/share any guesses on the new asset value of the company?

[carcosa] 08/7/2022 07:18

Ordinary Share Capital on AIM will commence in Q4 2022

[red5] 08/7/2022 07:14

So any clue on share price I couldn’t find it but does say admission document later today?

[plasybryn] 08/7/2022 06:43

No news do far is probably a good sign. If it was a simple deferment that could have be issued first thing. This sounds like something more involved. Chill it cometh imo

[pejaten] 08/7/2022 06:12

This is the first time they haven't issue a delay announcement by the start of the day of the previous date. Hopefully means that something will be published today or first thing Monday

[nibbles1967] 07/7/2022 20:44

I agree with G1lO

The whole point of being on an exchange is being to able trade the equities. If you can't and don't know when you can then it may as well be privately held. Yes, if it's a ten bagger tomorrow we'll all be super pleased but, as happy as I'm sure the major shareholders are, the nickel and dime ones (relatively) probably aren't

[g1lo] 07/7/2022 19:29

Oisin was confident that the deal would be finalised, accounts published and admission documents ready by the 8th but by experience with San Leon can't help to feel that we will be shafted (again)and so kicked off Aim.Very poor outcome if we are. No excuses after more than a year suspended. Doesn't matter how good the deal seems to be on paper if SLE can't get it done on time. Even if it doubled wouldn't make up for all the messing about. Trust is gone I m afraid. There s so much messing investors about one can do and get away with. Bit like Boris really.

[gary hindsight] 07/7/2022 18:10

My bet is on delay still seems they were making progress but didn't really seem to be saying it was at the cross the t's and dot the i's stage on the other agreements

[pastyman3851] 07/7/2022 15:43

So tomorrow, news or delay? Who's taking odds :)

[undertaker] 07/7/2022 07:24

beat me to it Witheco