Re: Cash at hand its time they did some thing with it, or RRL going to be catching us up, mind you I am in both at loss, so buck up chaps there are great deals out there crying for cash,or shut it down and give us our dosh
Cash at hand 11.8 mill / 425mill shares = 2.79p per share cash + assets 3.5p min only 35-40% value here. justr seel all and divi up the cash.I Have 285,000 shares at 1.99p
Re: No immediate news ...what quantities has he been buying Rothstein?...agree this is slightly encouraging. I must remember to get out at the next pump to buy in lower, thing is, how high will it go next time....was only around the 5's if I remember correctly and I need 30p plus!!
No immediate news But something could well be up in the longer run as Bandy has been adding at current levels which is encouraging. I just want the opportunity to get out so would be good to have the next pump asap
Could there be news brewing? I'm beginning to wonder whether there may be some negotiations going on which are getting close to an outcome. The price is up 25-30% over the last few weeks. A steady and gentle rise has taken place. I'm not saying if there are negotiations coming close to an outcome that it will be positive, but when this kind of share shows a rise like this it tends to be certain people in the know taking a position.
Re: Finish Totally agree and sadly I've had to to make the same decision. Best of luck in the future.
Finish I have been an investor in this company for a long time and as with my holding in RRL have decided that at my age I would not live long enough to see a recovery of the share price of both companies, so have sold up completely. I might manage a holiday a Butlins with what I have salvaged.Good luck to all you who have remained loyal to this mess but with Iran coming on line the oil price is not going to recover for some years.Do you know I feel quite good about disposing of the problem of "Hoping" something would change.
2016 - Any Hope?? Morning All,Sitting on a significant paper loss at the moment and trying to avoid hitting the sell button! However, alternative opportunities seem to be emerging elsewhere. Any views on where this is headed in 2016? I gather we still have some cash available for further ventures, but this is becoming limited. GL, I hope 2016 is kind to you all.
spread Spread ia accounting for around 13% of the "price drop" action today. As I type, to buy = 0.998p To Sell = 0.888pIf (or perhaps when)? it gets to 0.8 to buy, I might add more.GLALTH
Ftjournalist, totally agree with your comment, the fella kept posting and posting and then suddenly announced that he had worked out the chances of success were lower and sold!!! Can't believe posters enter into a dialogue with him/her. Great care needed IMO
Re: Georgia Finally Laid To Rest Hey Dolly, where have you been that is old news - Bill Fish has over past number of months said Georgia is a total dead duck, Bill a top poster, he know more than our Mr Bandy - LSE board has no news just a couple of posters but more like one poster at most on there with various aliases posting total blatant lies & rubbish...I repeat again the following post thanks to RothsteinRed Emperor is a Cash CowIf you look at the history of the likes of Bandy / Landau, all they are doing is rolling the dice with shareholder money. For them, its a win-win model - they get into some sort of farm-in arrangement, speculative so PIs get seduced by the upside IF it comes in - all the usual chat of 'so few shares in issue, IF we hit oil / gas, this will skyrocket'.....they know exactly what the COS's are so near spud, they will raise funds when SP gets pumped. This gives them another wad of PI cash which will keep their salaries going for a few years.....when a duster gets announced, they've got enough in the coffers to try this all over again - PIs get screwed whilst this cycle goes on and on..........and you still have PIs on this board willing to wait for the next data room nugget !
Re: Georgia Finally Laid To Rest I saw on LSE a post from Volley. It was copy of email purported to have been from Greg BandyIm sure the poster put it up in good faith. Understandably the post cannot be verified so it was removedBasically the post said that Strait oil and gas had subsidiaries, and that is where the PSCs are held and not with the parent companyGenerally, what is being said is that Strait, although in voluntary liquidation, still has the blockCertainly no reason to expect that anything of real value will be coming back to RMP. Nevertheless it is news of sortsIf I am remembering correctly, the email also said that RMP have had some monies back from OTTOI have also seen on LSE murmurings of potential shareholder action. Correct me if I am wrong but you cannot get rid of the MD on the spill resolution (initially whereby the REM report gets voted down next year)I dont know the rules for someone having enough votes to force an EGM and voting all management downThis is the sort of info we need to keep things alive. Cant do anything with the info, but it keeps doors open. That said, dont suppose that info would have been allowed out. Its a pity really, with an email it would appear that GB does want to give info but hands are tiedMaybe he should get a twitter account. He cant say he is too busy..........not even Bill Gates is too busy for a twitter a/cOnce again, the email cannot be verified but it is unlikely that the poster would still be allowed to post on LSE if they had deliberately posted it as a hoax
Bandy has a year then to get this turned round, or there will be changes. Looking at the voting figures for the AGM, it looks like warning shots have been firedAbstentions let the approvals in, but clearly they can be turned into NO votes, it was very close. Many will not have voted either, Too many abstentions for it to be anything other than a warning to BODTaking abstentions,against and discretion against the FORRemuneration Report was only voted in by c413K votesJason Bontempo kept his post by c790k votesThere it is, shareholders not happy. Im pretty sure next year will see a full canvassing of the BBs to get this lot voted down
Georgia Finally Laid To Rest Hi Guys, My last post was to inform the BB that Strait Oil and Gas (uk)was under the control of a corporate restructuring firm.Today the following information was submitted to Companies House[link] will not that there was a GM held at which 3 reslutions were passed "Extraordinary resolution to wind up on 2015-11-10Extraordinary resolution to wind up on 2015-11-10Extraordinary resolution to wind up on 2015-11-10 "That is one resolution for each of the incarnations that defined the Strait structure in Georgia.Strait Oil and Gas (UK) - the company which RRL and RMP owned 40% and 20% of respectively and the company which RRL lent all the money to. They owned the other two conpanies.Strait Oil and Gas(Georgia) which borrowed the money from the (uk) version and spent it on seismic and sundry other operations related expenditure.Straight Oil and Gas (Gibraltar) which owned the Georgia exploration licenses. Also included in the announcement was the appointment of a voluntary liquidator.I don;t think that there was much left in the cupboard when both old moth eaten Eastman and the auditors fled the coup in the spring. What there is left will no doubt be used to meet the Liquidators expenses.Given the dates on the resolutions are nine days ago, I am slightly miffed that neither Range nor Red Emperor thought it worthwhile to inform their shareholders of this price sensitive info that has been in the public domain all day.Neither thought it worthwhile to keep the wee guys in the loop that the big guys are permanently wired into.So that is the line finally drawn under Georgia - on to better thinks where hopefully the operator will be able to properly read the seismic readings this time.GLABF
Epitaph for Georgia Hi Guys, As Georgia enters its death throes I thought it appropriate to mark the event with a Scottish rendition of this famous ballad as the only thing that was ever discovered on our licenses there was an alternative source for curling stones to rival the current source at Ailsa Craig.[link] operator Strait Oil and Gas UK are currently in breach of the UK law by failing to submit their company accounts by 30/09/2015.They have however submitted , on the 27th October 2015, a notification of change of address.The new address is 4th Floor Allan House, 10 John Princes Street, London, W1G 0AH Unfortunately that is the residence of [link] contact name provided on the filing is given as an employee of the aforementioned company.I would suggest Mr Bandy get his skates on if he has any ambition to retrieve value from this investment.GLABF