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Thanks F40. I am confidant that if CH1 is drilled I will make a profit on my scirocco shares I personally believe that the Ruvuma basin fairway fan system is actually fed from the massive gas finds offshore, for the record I thought that Neil Ritson should take credit for his achievements.
Ps I also have 6 million Aminex shares. And for my sins 7 million frontera Resources, (ouch).
Baramara sorry to hear that but the sad fact for most here apart from the pro`s, drill is the only payback for most including myself to have any chance to benefit form the waiting so long and great to see our 1% rising as less bills to pay, the only problem is I hold my hands up and never saw the rise on HE1 so that one got away from me but probably not you Chris ;o)
Back here tho we need that finance secured so we can build towards the drill (hopefully) GLA !!!
Gross Late Albian Package target at Ntorya 3 greater than 200m thick. Slide 14.
http://admin.aminex-plc.com/uploadfiles/160425_Aminex%20Corporate%20Presentation%20April%202016.pdf
If its that big it should up the reserves figure.
Our share could be 2tcf plus.
Definitely worth a lot more than $20 million.
When they get the 3D they won't be selling. Huge reservoir will show up +200m thick.
Bod, get this thing ch1 drilled. I’ve been invested in sol/ scir for 14 years with a total of £62.000, now worth a paltry £5,833 I’d rather lose the lot than to be denied what was promised ( back to back drills.
Exactly BD I would not be surprised to see a big positive RNS Monday based on the movement at AEX and here the last few days, let the 10%'s do their thing and hold for the big one.
Drill it
Yes agree Chris, drill and easy 5 to 10 bagger to be had. Only got to look at what happened when NT1 was drilled.
That's exactly what they say they will do POC, if they haven't sold it by then. The guys arranging finance here did over £210 millions worth the last 2 years, this is small stuff to them.
No chance page of cups. Debt is impossible for SCIR with zero operating income and first production in 5 years time.
I think I am right in saying that SCIR do not have any Reserves that could be borrowed against.
Lol I wouldn’t go that far Chris
Maybe a double up once the dilution is out of the way
With a proven gas asset, why don't the BoD arrange some debt to fund the drill?
Drill it!!! 10 bag available from todays price on a good result.
If they get the $6 million in place now then I would be a buyer to be honest. Short term pain for LTH but at least we would see money being invested rather than the dual stripping.
Frank- 100% agree on the need for a placing as soon as possible. It’s not acceptable to fund this by the seat of their pants. They need to get funding in place for the whole work programme.
The sale has clearly fallen on its ass, and shareholders would rather the BOD retained the asset, so why introduce this funding unvertainty!!
To be honest the way they are approaching this just reinforces my view that they are not aligned with shareholders. The strategy benefits Gneiss but certainly not shareholders.
I totally agree with BD on his letter to the board, I lost total trust in the board and Buchannan after they refusing to answer Shareholders Question/s direct but if they do as they promised and have a regular Q&A`s then that will be ok I guess, regarding Seismic Tom clearly stated to me it was fully funded end and that is clear to be heard if folks want to face up to reality, something has happened to all the money that we had from HE1 sale and we won`t fully know until the accounts for that period is published and as they clearly are being untrustworthy/economic with the truth we won`t know until it is too late, So we get down to Sale vs Drill:- The rainy season is coming in March so not long to finish operations in Tanzanian if they are indeed doing anything (fingers crossed they are), I feel and sorry for the folks still in for the sand of time has virtually gone now and bearing in mind including myself & others said the sale was nailed on for NOV/DEC and it clear that they not been offered enough money which was alluded to in the interview however there is still have a few weeks left tho.
BD and other major Shareholder would no doubt would be cheesed off if the asset was sold off in FEBRARY/MARCH/APRIL for 2p or so being if the drill may happens in Q3 for which I have my views as you simply can`t magic a Rig from nowhere, because I not traded the share for the sale but the drill I`m concerned about a placing being so close to the drill as it could stop the natural growth of the SP leading up to the drill, so going to send a email to the board requesting they get a placing done ASP to fund the start of the drill & whatever they are short on the Seismic so the churn has a chance to go threw the system before Q3, I studies churn and understand how the churn works now esp being in a stock like I currently am and the damage it does to a SP, if placed correctly and at the right time this will fly on the drill and rather this than sell out on the 11th hour for peanuts as I waited since 2017 for this to happen, both stocks are falling because of usual ramp of SP around this time of year and I know it going to be painful on the SP before it gets better but it also clear that some regulars have exited out of stock using a helpful broker in the last day or so but time will tell on that GLA and here`s to a successful drill :o)