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Sorry just to add…are you seriously pinning your hopes on politicians to pull our stones out of the fire??!
Chris, all I have is history and experience.
Governments move very slowly at the best of times. Even in the UK the process to approve anything to do with licensing is protracted.
I will repeat. There is a risk that SCIR lose the asset by not having access to funding to meet what will be escalating cash calls from our partner.
Maybe your vision of a rosy future will come to pass. My personal opinion is that we are now stuck with some serious liabilities. The time to sell was 2 or 3 years ago. The BOD appear to have been greedy. Doesn’t surprise me after listening to TR.
I’m sure there will be many people reading this that know in their hearts that this is a growing risk.
Your welcome Dan.
So you don't have any "Recent" evidence as in post new President, Cabinet and Energy minister then Dan?
Thanks
Chris
Thank you for asking politely Mr P
Your “evidence” is words. What I want to see is action.
I recall you sharing promising noises in news articles under the previous government.
Dan,
I have even presented evidence (which no doubt you did not bother to read) So prey, now provide some "recent evidence" post the new president, cabinet and Energy minister appointments, oh and of course the publication including "A window of opportunity" for Tanzanian to monetise their gas that backs up your claims.
I understand your opinion is personal, but please provide any recent evidence that you can point to that would suggest as you say that the Government will not swiftly back a no risk route to monetisation of the country's gas assets?
Thanks Dan.
Chris - you are fighting a straw man and losing
As always with you, success is assured, just around the corner.
I personally think SCIR have run out of road in Tanzania. It has been an expensive mistake if I am proved right.
I see Dan, so if they sell it at around £15 million ($20 million) then all your current theories and posts will have all been completely wrong, including the Gov approval, who by the way seem to be fast tracking and approving Gas projects since coming to power.
Not quite right cashintime.
The 20 million sale price tag that is touted is dollars, so if achieved that is about £14 million (minus a few million in consultancy and transaction fees I expect!!).
At best I thin we could see 2p on completed sale of Tanz “assets”.
As discussed yesterday that deal would need government approval so there is a massive risk that SCIr would run out of funds before the deal completed.
Chris - I am not saying the gas is worth nothing. I am saying SCIR will not be able to sell it in a timely manner, and cannot afford to develop.
Given SCIRs dire financial position these “assets” are viewed (rightly IMHO) as liabilities by the market.
6 million market cap. If we get 20 million for Tanzanian assets we would hope for an immediate 400% rise. MM won't give us our due. They always seem to be able to hold a share back. Very undervalued at the moment.
Dan you not going to tell us about your extensive African and Tanzanian experience in the O&G sector that you posted yesterday?
I was wondering if this is what you used to create your $0 valuation for 25% he Ntorya accumulation of 3,024 Bcf (8,236 Bcf unrisked), with a mean risked recoverable gas resource of 1,990 Bcf (5,419 Bcf unrisked).
I don't think the BOD or shareholders could accept anything less than the $20 million deal that AEX accepted for 25% myself.
Hi Frank - I won’t be sharing any personal information given the threats made by Chris.
I will continue to share my opinion about the company and I am happy for everyone else to do the same.
Too often conversation is of a personal nature (about a single person). Perhaps to distract from genuine concerns about the way this business is being run??
now now gentlemen it getting like playground stuff here, I think if people make points to expose people they need to prove up or shut up and if folks are not invested then having a opinion is ok even if you not invested but not to the levels you are Colin/Dan, you could of course come to me on private and prove your identity Colin/Dan and put that drama to bed once and for all as its being going on too long now on the BB`s, regarding the case at hand I would say Shareholders have a month or two max for the asset to be sold who want this or I guess we have to think about funding options and the drill but it would be nice to have some sort of update rather than just the Q&A`s on the situation, meanwhile it my wife Birthday so will leave the fighting/debate to you guys (have fun) :o)
Lol Chris, you are the man who is in regular contact with a man named Dan
Voices in your head again Dan? the Sherriff must be coming ;0)
lol Christal
You think a former BOD of a company you are underwater in is arguing with you on an anonymous Internet forum.
Further you have threatened to expose this person to the financial press, and hunt them down via their IP address.
Delusions of some sort I would say!!!
Who said anyone was out to get me, you hearing voices in your head again Dan?
Shame you won't be at the World Energy Capital Assembly next week, guess we will be reduced to having a laugh about you instead of talking to you.
Less than £1000 traded today.
Looks like long term holders selling what little SCIR have left of their capital