Sibir Energy Share Discussion Threads

[tpain] 03/12/2008 22:48

The funny thing is, because it is only a share price falling they can get away with what is nothing less than theft.

[hermana] 03/12/2008 22:45

Tp,lock em up too.

[tpain] 03/12/2008 22:44

The FSA should strip the management of their authorisation to stand on the board of any company.

[kamitora] 03/12/2008 22:36

While Sibir CEO Cameron admitted that the decision to acquire the asset was an "uncomfortable" one, he said it was necessary to preserve the company's existing shareholder structure, with Russians in the majority position and foreigners holding minority stakes.

"We understand that we will be criticized for our lack of corporate governance, but we prefer to think that what we've demonstrated is decisive management," he said. "At a time like now, we think that is more important than corporate governance."

"This is a fund vehicle controlled by Russians in which foreign investors have a stake," Cameron said. "That is the formula, that is the structure."

So there you are, corporate governance is less important than decisive management (I'm sure the UK Listing Authority will surprised to hear this), and Sibir is not an oil company, it's a 'fund vehicle'.

[hermana] 03/12/2008 22:05

soul,loony deal here...

[coco] 03/12/2008 22:02

One born every day apparently

[soulsauce] 03/12/2008 21:58

I see the loonies are out tonight, is there a full moon??

[harryh05] 03/12/2008 21:55

COCO - Please trsut me, you will see very soon, very soon...

[coco] 03/12/2008 21:54

Harry I would love too but unless you have a billion squid and a few good lines of credit then unfortunatley I cannot spend trust but thanks anyway

[harryh05] 03/12/2008 21:54

£1.80 here we come................

[harryh05] 03/12/2008 21:47

COCO - you stand incorrect, trust me my friend

[coco] 03/12/2008 21:46

Harry why should they other than your gut feeling ? short term sentiment will keep them at undervalued levels alone

[coco] 03/12/2008 21:44

hermana would certainly agree with 4 pmsl

[harryh05] 03/12/2008 21:44

COCO -why not? Why will they not reach my range by end of december?

[hermana] 03/12/2008 21:42

COCO,4 they won't.

[harryh05] 03/12/2008 21:41

COCO - Why not?

[coco] 03/12/2008 21:41

P who cares

Harry the only way these will get to that price is one there is a bid tabled which i doubt
or two the russians use the 120 million dollars to mop up the shares which I doubt
Or three someone shots the Russian share holders which I doubt.

[p@] 03/12/2008 21:40

Well the finance director didn't agree the valuation presumably.

[bethany3] 03/12/2008 21:38

To all you brave souls lots of luck!

[hermana] 03/12/2008 21:37

p@,I hear it was Ken Dodd and his diddymen.

[harryh05] 03/12/2008 21:36

COCO - Why not?