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Over 1000 comps on Aim, and he's chosen to troll Scir
There is medicine.
Mrc, you talk rubbish as usual, are you all this posting here, seems its you with the agenda, do you honestly think I had anything to do with the rise last week? was it not you that said our posts on these boards have no influence on on the shareprice, to make accusations is not only childish but unnecessary, if you want to waste your time feel free,
AA - unfortunately it is gambling when you can’t afford to lose.
Speculating on the drill bit is OK with the right risk / reward strategy.
The Problem with SCIRs gambling is that if it goes wrong the company is likely to be back with the begging bowl or drawing down the death spiral facility.
Anyway as I say, worth a punt here below 1p. Peeps who bought in at 2p last week have been badly spiked by you and your ramper pals. Hope it was worth it for you.
Mrc, you do let this worry you, HE1 has been played spot on regardless of how you see it, the Bod thought it was worth more than 3p otherwise they wouldn't have held for the bigger prize, also its not swinging wildly ( not behaving different to any other share that has put on huge gains over a short time, infact any selling has been bought into on any weakness so far, also the Bod have derisked locking in some gains,
Unfortunately you can't play this without some risk( if that's what you refer to as gambling) the dilution you refer to was a reorganisation to pay for drilling costs allowing that to proceed without any further delay,
All in all it's all coming together quite well after all this while.
Lol Chris - When the SP is swinging wildly 20% up or down every day I don’t think the market has arrived at a valuation!
I am more interested in entry and exits.
The BOD thought HE1 was worth 3p a few months ago.
As I have said many times, the BOD are gambling. Very little has changed since they let themselves be diluted at 3p.
Don't take your wrong valuation predictions for HE1 personally Colin, it's generally a fools game on AIM to use FTSE 100 type valuation methods at this end of the market
The BOD seem to have done well with HE1, depending on how much they still hold come drilling. Like I said last week, no issue with these guys monetising legacy assets, it's how they spend it that has been the issue.
Ruvuma has significant upside potential and is already discovered and appraised and it seems they have money for this years budget, 2022 is unknown, I grant you.
Have fun!
Lol ok AA. Happy weekend
Mrc, whatever, I'm busy cooking.
Chris, no need to get defensive?
I'm saying this will be a buying opportunity (on the assumption the BOD have taken a significant chunk off the table)
The full sale would be a game changer for SCIR and I believe would have a multiplier effect beyond the cash value. SCIRs problem has always been large cash hungry assets and no cash!!
If they can fully fund Ruvuma this year without getting the begging bowl out then that is transformational.
AA .... don’t take the bait. He’s just winding you up. He has a poor judgement of long term asset valuations and market sentiment.
Well based on your other recent calculations of "fair value! Colin and your sell call with HE1 @7p per share and now 19.5p on the ask, I have to assume I should use a similar multiplier to your £5million, so around 2 to 3p per share or £10 to £20 million?
Hi AA - IMHO HE1 has more than arrested the fall in SCIR SP that we might have seen.
It’s my view that without the 3-4 million pounds of HE1 shares, SCIR fair value is below 1p (maybe a £5 million market cap).
As bigdouble said, Scir is not just about HE1, it's much more than that, it never went up much on the back of He1 so not to bothered on that.
Certainly been some Chunky sell trades post SCIR's TR-1 with values such as £250,000 the other day.
Drill bit will be doing the talking there soon, hope it pans out for all the investors with a first drill discovery, all bets will be off in terms of where the SP would land.
Have a nice weekend all!
I will believe it when I see the RNS.
SCIR might be worth a punt when HE1 PIs hit the panic button (the ramping teams usually describe this as “a tree shake”). In that case SCIR SP may also be marked down considerably.
HE1 still has a long way to fall IMHO. Crazy valuation.
shouldvesold please don’t take it as gospel as it only a opinion but I was the one who said when the shares would rise on the HE1 SP and it did to 2p at one point but like most small caps stocks it got sold back again and why most professionals says set a stop loss and don’t chase down a stock but I wished I known that in 2017 when I first invested in Solo Oil
BD I know exactly what you are saying but I’m making a call they have based on the first TR1, even if I’m out a tad it probably only be £500k or so but nothing is a exact science but it made us money so I’m sticking to it :o)
Fjones wanting to read the data you recently found is doing my own research. Taking your word for it is not doing any. Would you be kind enough to reference that data you found by either quoting or saying which RNS's you are referring to by date.
Thanks in advance.
Hi Frank, unless Scirocco has advised you they have sold enough Helium shares to cover our costs, you cannot go by just analysing trades. I assure you it’s impossible to be that certain - but it is a possibility
shouldvesold mate you need to do your DYOR and why I’m making good money now, all the information is in the 1000’s of trades and spending a couple of hours researching each of your investments helps, you either believe me or not but my trading plan is the same on what I believe and of course very bullish on this stock !!
Can you please post the link or quote the financial information you found which evidences this.
GOOD NEWS !!!! and I`m making a call now, the Scirocco Board have our Seismic & Drill money in the bag now and I expect some sort of confirmation/update RNS very soon, I also hope they exercised the option and got some left over riding the drill for a contribution towards the next 12 month keeping the lights on and also some towards the asset, I spent a couple of hours going threw all the Helium Trade as I`m interesting like that LOL so it given me a great glow what I found out, I also delighted even tho I`m a Shareholder on profits that the Helium One SP has come back, it was a no brainer and will be the same when this at least tests 24p again, but as the song goes "How Low Will It Go" I can`t say if the Helium One SP has finished it drop and is in bargain territory but Scirocco`s SP based on news coming up is and I will continue to increase my holding soon GLA !!!