Spitfire Oil Share Discussion Threads

[ten bag man] 07/1/2015 18:35

Few AIM shells are clean.

Fewer have any cash.

Fewer still have cash over double the share price, IN THE BANK.

[ten bag man] 07/1/2015 17:39

Should do rather well in my view.

[ten bag man] 07/1/2015 17:04

For those that do not like risk.

[ten bag man] 07/1/2015 16:58

Nice work for any smart investor.

This company has £2.6M cash in the bank.

This company can be bought for £1.2M.

Plus you get the chance of an RTO into this clean shell for free.

[lkfjmdku] 05/1/2015 22:48

209,475 buy at 4.75p gone thru today

[lkfjmdku] 31/12/2014 12:02

just bot some more at only 4.75p....

[lkfjmdku] 12/12/2014 14:39

20,000 buy just gone threw

[lkfjmdku] 12/12/2014 11:13

all the oil stocks are collapsing
great news for SRO
they should get a good deal now

[lkfjmdku] 12/12/2014 11:12

4.95p to buy online

[jimbob17] 12/12/2014 09:24

Following the share price fall yesterday, I calculate the cash held is double the share price ?

[lkfjmdku] 11/12/2014 14:21

no that money was spent buying back and cancelling shares

[ryan83] 11/12/2014 14:17

but they are spending $2m per year on.....doing nothing, $7m down to $5m last 12 months

[lkfjmdku] 11/12/2014 14:10

even better now

just bought 100,000 at 4.95p
cash in bank is 10p per share

[hedgehog 100] 02/11/2014 21:04

Please note the following thread which may be of interest:

"THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)"

[nick rubens] 26/10/2014 15:46

bones30 ...."With cash balances of A$6.8m" = £3.66m
Operating costs: A$201,746 = £108,720/year.
" At that rate won't put much of a dent."



Cash is now £2.85m after share purchase from Griffin.

[trawl] 28/9/2014 09:48

the co had 6.8mil aus dollars
1.6mil trade and payable
leaves 5.2aus at current exchange trading at close to cash
ninkov and goodwin salaries are prob 200thousand
nice for a co doing very little
add in the large salaries from griffin
and expenses theres a nice one

[bones30] 26/9/2014 14:51

Just a little fantasy M&A.

Might an investment in Blackham be in order?

Blackham cash poor with a good looking gold asset (so much that there has been some sort of power struggle over ownership). This is their focus but...

Blackham clearly on SRO's board's radar as it "holds the adjoining Scaddens lignite tenements"


Might the tax losses be useful to ASX:BLK too?

[bones30] 26/9/2014 14:16

Strange - wonder what caused today's rise?

[bones30] 26/9/2014 14:06

They ought to just shut up shop and return the cash.

[bones30] 26/9/2014 14:05

61,158 bought at 8.1534p sold at 7.5p

[bones30] 26/9/2014 14:00

Nice trades:

12,123 bought at 8.15p sold at 7.88p
7,398 bought at 8.225p sold at 7.88p

Who said AIM punters were short term?

PMSL

[bones30] 26/9/2014 13:54

So at 8p... Market cap: £2.07m, no debt.
"With cash balances of A$6.8m" = £3.66m
Operating costs: A$201,746 = £108,720/year.

At that rate won't put much of a dent.

[bones30] 26/9/2014 13:24

Wonder what their cash position is currently.

[jxman] 16/6/2014 12:57

Get ready something going on!

[jxman] 13/6/2014 15:47

Rns after hours ?