Sirius Petroleum Share Discussion Threads

[801710245] 20/11/2024 21:17

O/T

Why is Russian calling this "A new phase in the war". Setting aside that I thought it was an 'SMO' - not a war, haven't Russia declared that Crimea is sovereign Russian territory? Storm shadows were used to destroy the Naval HQ there - so what's the difference today?

[bronislav] 20/11/2024 21:11

Bought 7% of AET.is it the irish billiinaire worth circa 2.6 billion
Denis obrian.

[htrocka2] 20/11/2024 20:54

No one's bought or sold a single TENDE share since July ...The Bod have failed to create the demand....nobody wants them.

[dr rosso] 20/11/2024 20:48

Good spot ht tho sounds more like £7m being shelled out. I thought he already owned 16m, hence he has doubled his hoiding to 32m which is about 12% of Afentra.

McMurtrie is in for Tende Company farm-out and asset farm-out. In talks with cash-rich Afentra perhaps? Pre-merger total news blackout? Don't rule out EIG/Brookfield either. DP World, Dangote and Petropolymer all look to be in the trading mix. Dubai is where it is happening and they sure don't want us to know what is going on.

Btw ...
Asset farm-out is obvious, presumably giving up a working interest in an oil field such as Cosmos.
Company farm-out refers to a partial sale of the Company itself or its subsidiaries. Either way, big cash is coming in.

[htrocka2] 20/11/2024 20:48

O/T

16m AET share block purchase completed yesterday for about £70K.

[bronislav] 20/11/2024 18:36

Puts it all into perspective.cmon Tende get it over.

[antenna2] 20/11/2024 17:25

Doc. You've now reached a low point in your postings. You've got what you wanted and that was for me to re-act. I'm alive and extremely well, I run several miles a day, and swim in the pool Everyday.... So I advise everybody to ignore this idiot, and I wish everybody the best of luck.

[dr rosso] 20/11/2024 17:24

come on, where r u?

[bronislav] 20/11/2024 16:45

Put things into perspective.⁷

[ace1976] 20/11/2024 16:41

Sorry to hear that news

[vatnabrekk] 20/11/2024 15:29

That's bad news.

[dr rosso] 20/11/2024 15:13

Wait for it ...

[aventador] 20/11/2024 14:32

I said I can't see it relisted full stop and going by warrant dates is even more codswallop

[vatnabrekk] 20/11/2024 12:46

HT:
"AND PAYMENT OF NET CONSIDERATION"
Your own capitals for emphasis!
Emphasis on the "NET".

[aventador] 20/11/2024 11:21

How many warrants have expired over the years though ?! Loads I thought! Can't see that being an indicator of relist date..

[htrocka2] 20/11/2024 10:40

I must have posted this a dozen timed now...


'The Proposed Acquisition is conditional upon satisfactory due diligence being completed AND PAYMENT OF NET CONSIDERATION and Minsterial approval'


'They requested that an additional increase of $35m to the deal be taken out of future cash flows, ie accruals.'........Why on earth did they 'waste' a deposit of $18.5 m....Why not just ring up the Angolan Government and say 'we're a 'something for nothing' company, that's our speciality...'give us blocks 18.31 and 27 and we'll pay you out of the accruals?.

ps. Tende to the Angolan Government....ps 'it's been years since we've heard from you?

The point I'm trying to make is that the total amount of $370.5m MUST be paid up front before consideration is given to access to accruals......We've had no evidence of this payment.

[astralvision] 20/11/2024 10:12

Maybe we don't have to worry about Trafigura in Angola as the accruals mean the damn assets there are paid for, more or less, if & when we finally complete.Or there's other funders...Or Trafigura pay the fine, if found guilty, from your link htr. Sounds like it would be water off a ducks back to them? 'If convicted, the company would have to forfeit its earnings from the alleged scheme, totaling about $150 million - equal to about two percent of its total profit in 2023'

[htrocka2] 20/11/2024 10:06

I wonder if this is a 'spanner in the works'?



Maybe the finalisation of the deal is being held off until this issue has been resolved....(looking at this from the Government's perspective....you don't want to be seen approving deals with convicted 'fraudsters')