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You seem to??
Who cares ?
Apologies - I've lost a year - should be Jan 2016 when it was 17.5p.
So even more wrong of you!
Incorrect ariel - price of ENQ on the 8th of Jan 2015 was 32.5p and it has traded sideways since then.
RIfL - at least get your bashing correct.
ENQ looking great for a POO recovery play.
Happy New Year to you Mousey and may 21 bring you Health and good fortune. More than happy to see any offers on the table to review here as long as Sarah opens he purse wide enough ;0)
And that BB was Enq who have gone from £1.20 to 13p in the same period( just as incredible
AA made a valid point on another BB about looking at long term trends.
Just checked the SCIR and SOLO charts.
The last 5 years have seen a near vertical descent in the SP. Hard to see how anyone other than day trader could have made anything here?
7p down to 1p and we have got rid of most of the company assets since then!!!
The value destruction by consecutive BODs is incredible
Happy new year perky.
What is the chance of Aaog buying you share of h1, Sarah obviously likes it.
Holy smoke ,can’t believe it’s taken3years to discover we were ripped off ,by no other than the then boss ,any calcs on the untraceable brown envelope ,probably off shore that’s where all the principal went ,my word there’s some long term trusting types on here !! Who don’t seem to be able to see the wood for the trees .
Thx BD, message clear and understood.
I have raised issues of concerns and I am exploring the best avenues to deal with these matters. I will know more next week.
Hi Big D - I understand you were instrumental in getting rid of the last BOD.
What are your thoughts on putting some pressure on the current BOD?
Hi Chris - I have cc you on several emails.
Glad you agree that I said nothing about a free carry holy, I fully accept your apology.
The 2d and 3 drills are paid for was my point and I am glad you also agree with this Holy. I also agree that the OLD bod overpaid for their initial stake in Helium-1 and in fact the OLD bod wanted to spend a further £4 million on the same terms on the asset but shareholders here stopped them.
The point is and as I posted, the Helium-1 work programme of 2D and 3 Drills as per the budgeted terms in the IPO are paid for and shareholders here have paid for their share through asset dilution.
You can add "IF" statements to muddy the waters all day long, "IF" the drill breaks "IF" they hit 100 BCF on the first drill the others are not required etc etc. The point is the planned work programme is paid for already, that was simply my point.
Cperkin. You may not literally have said "free carried" but you did say:
1. "in effect carried"
2. "effectively carried"
3. "also carried"
4. "fully carried"
All of these are basically the same thing and all of these are untrue. Scirocco are simply an investor in the drill and without anyi nfluence on the running of the company so that they are no different to any of the rest of us.
What I will say is the following.
Scirocco is an investor in H1 and as with all investors pre and post-IPO they can expect that the company are telling the truth and have the money to complete the work program that they have proposed.
Scirocco’s equity shareholding in H1 will not be diluted as long as the company do not (a) hit unexpected problems with their drill, (b) decide to pay directors or suppliers in shares (c) issue warrants to directors, suppliers or others ( e) raise any money via a stock issue (f) raise money via mezzanine debt or debt backed by equity.
However as others have pointed out Scirocco have massively overpaid for their equity holding compared to those who have invested in H1 both pre and post IPO and the company are underwater with their investment until approximately 14p which we will almost certainly never see as we are highly likely to be required to sell the stake in order to maintain our 25% position in Ruvuma before H1 comes close to getting us back to break even.
This is yet another disastrous decision by the BoD because if they had believed in the project they could have bought in at the IPO and massively reduced the average to a more sensible and lucrative level.
Anyway, this is a cul de sac conversation. If you wish to continue believing that Scirocco are “fully carried” with H1 then please feel free to. You will continue to be wrong but I am not wasting any more energy talking about this when there is so much more wrong with this company that does deserve discussion.
Keep yer punts on BOD brown noser
Ben, buys not boys.
Ben, why the misdemeanors with your 'boy's opinions?
Chris, if people purchasing today are fully funded for 3 drills and seismic, how does that balance off the dilution from 14% to 4%? Rough figures only, but you get my point. A genuine question and not a loaded poke.
Exactly mather. The money scir put in to HE1 pre listing was a terrible investment. Could have waited a few years and got in a hell of a lot cheaper. Even now any UK punter could get a considerably cheaper stake in HE1 on the open market!
Helium might be a great idea but like all investments timing is key. Solo bought way too early and overpaid. In their new disguise as SCIR they failed to buy at the low IPO price. And now they seem to be failing to sell when the price is high.
Just a catalogue of really poor investment decisions. HE1 is a listed company. sCIR should sell the stake and provide a special divodend or share buy back and let us decide if we want a piece of helium.
Isn't anyone buying shares in he1 now also funded for the drills at a discount to what was paid?
I pretty much agree Steve, if we sold now then we would take the hit, helium looks a good play imo.
We are fully carried but it has in effect cost us just over a million pounds so not free in effect.
We had 15% originally which then reduced by our participation in a fundraising a few years ago to 12.5%.
So our so called free carry has cost us the difference of about 8% of the company which if we had sold those shares in the open market would have raised about £3.2 million.
So to get our free carry we in effect have to hope that the sp rises accordingly.
Imo we got quite a good deal, it’s just it maybe six months or more to wait until we get all our investment and drilling costs back.
Please correct me if I’m wrong.
Holy I did not say free carry and this is a bb not a legal document ffs
maybe you prefer these words
SCIR's % of Helium-1 is already FULLY FUNDED FOR THE 2D and 3 DRILLS as outlined in the IPO documentation.
Do you disagree Holy?
See you tomorrow.
Very suspicious, when his name is Chris, one thing is clear that some none investors are trying to talk the share down (
I didn't say anythign about through to production either.
For clarification:
SCIR ARE MERELY AN INVESTOR IN H1 - THEY ARE NOT FREE CARRIED FOR 2D OR 3D OR DRILLS. THEY ARE NOT FREE CARRIED ON ANYTHING.
You appear to fundamentally misunderstand what a free carry is. A free carry is when you have a share in a license and your costs covered related to that drill. You also have a say in what happens in the operation (albeit not one that the operator has to agree with but they do have listen to).
When you are just an investor in a company none of this applies. Scirocco are just another punter in H1 with no say in what happens. IF the costs in any are of the project go up then H1 will raise money and SCIR will be diluted unless they put in more money. This is not a free carry.