Silvermere Eng Share Discussion Threads

[rajaster] 16/4/2013 16:19

its more than that euclid.. theres a dispute of payment for the well workover by black cat and mustang too. .. see post 5084.. that newsleak forced slme to rns.. and look at the devestating affects.. those in the know must have known for weeks hence the walk down from 7p to under 5p.

[thenorth] 16/4/2013 16:19

yep im looking that one too... thanks to my friend that mailed me on it earlier...

[euclid5] 16/4/2013 16:18

O/T - LOGP check my T/O calcs on the board last Friday - 600% upside minimum

[thenorth] 16/4/2013 16:17

Pro and others LRL is being looked into.... I got some GKP for now but ill look to jump when they have had a little spike up... whats the time frames with it? LRL that is?

[euclid5] 16/4/2013 16:16

all this down to an £80k investor not coughing up his share of the subscription shares

[ryan83] 16/4/2013 16:15

raj, know how it feels as was in NOVA earlier this week lol.

[pro_better] 16/4/2013 16:12

o/t
the north

LRL looks a good candidate for a 10-20 bagger, if successful...

£30m cash
£40m mcap

exploring for shale gas in china which is booming...
partner is petrochina!
aggressive drilling in 2013...fully funded with extra cash to spend on new assets...
CEO has stake of c $1.5m bought and paid with his own cash at open market!
director incentives based only on yearly performance...no options granted to directors...
CEO bullish and targeting, after 2013 exploration programme, to reach £1.1b NPV (10) for the asset....
they have maybe the best technical team in the ground in china at the moment...
drilled two wells until now, both struck gas...they await flow test results...if the 2 wells show commercial flow rates then company is on its way for asset appreciation big time!!!
first result news to come anyday now as per CEO...he is giving 5 presentations around UK this month!!

[rajaster] 16/4/2013 16:02

thenorth i wouldnt touch xel.. a farm in will send it crashing like rkh did from 360 - 160.. not as a long term hold its worth it.. but short term i'd let the dust settle regarding farm in.

[rajaster] 16/4/2013 16:01

cheers ryan.. its done now.. cant look back.. its a dog of a share and i've no faith the management can turn things around else i'd hold on.. sould have sold a long time ago though.. just didnt think it would be this bad that quickly.

[t1meout] 16/4/2013 16:00

The North do some research on LRL chap and also worth reading Zengas's posts there. Zengas has a top end price of £7 a share if all goes well at LRL. Current S/p 17p.

The CEO also bought 1.8m shares a few months ago (£280k).

The company has 12p in cash circa $40m so no need for any dilution on cash calls.

LRL Risk/reward the best i have seen in quite a while and nice to have investors like Captainnelsonforties and Zengas on board.

Sorry o/t sold here to buy there also

[thenorth] 16/4/2013 16:00

Thanks Bob....

Raj im lookimg at LOGP at the minute... but I have put my left overs into GKP for now and ill jump out when it slikes and sure as eggs i think it will... and then ill give perhaps LOGP a go and perhaps XEL

[ryan83] 16/4/2013 15:57

raj, sad to see this for you

[rajaster] 16/4/2013 15:56

thenorth likewise mate.. let me know if you spot any good uns.

[bobobob5] 16/4/2013 15:04

TheNorth: I like COP.

[thenorth] 16/4/2013 14:52

Well thats me all out and lost a most of my initial investment... wish I had stuck with gkp and xel... so now to find the next 10 bagger to try to get my losses back... what a dark day...

[comedy] 16/4/2013 14:50

declan i got caught with mrp which is now ppc...and tony mason was with mrp?:(

andy morrison xtr...seems same names different co's..same game played out.

[declan2] 16/4/2013 14:44

Another AIM listed American based disaster. I learnt the hard way with HAWK/LDP

[comedy] 16/4/2013 14:43

carry on until 0.01p

[montyhedge] 16/4/2013 14:41

Surely this will be suspended, how can they carry on?

[christianf12] 16/4/2013 13:58

Someone with a lot of shares is and has been selling for a few weeks. Wonder if it is this Mr Redmayne 19%?

What a disgrace this has been.

[colva] 16/4/2013 13:24

What an absolute disaster , this morning's RNS wasn't planed , it looks like a hurried response to SMTM's revelation last night.
I'm surprised that there were only 4 trades this morning before the RNS came out at 08:51 .

EDIT.
SMTM , I assume the document was passed on to you by one of those named.

[callumross] 16/4/2013 11:44

Can't believe long term holders aren't taking the chance to get out after this RNS. How much more does it need to be spelt out. It's human nature to clutch at straws when you are losing 50-75% of your investment but surely recovering some of it is better than nothing? A suspension could take place at any time, and then it's too late.

[ferdy1] 16/4/2013 11:29

Redmayne Nominees Limited have a client who already owned 16% od the business in Jan and who subscibe for about 1m shares ( 3%) in the last subscription taking the holding to 19%

Coincidence or is the Redmayne Nominees Limited client the guy in default?

[jimmy12345] 16/4/2013 11:22

its the 500k to be paid in 2 months thats the main worry. sure they might find someone to buy in or an extension but its gonna cost, the company is almost at more debt than the mcap with dodgy prospects, the rns the other day didint look that great to me on production, quite poor infact.

best bet here is for someone to buy the well in a bancruptcy which will hopefully pay debts and leave something for shareholders. i doubt it though, the good ship SLME is going down