Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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but if not and this is the BIG POINT the drill will go multi times double and some want that option rather than the double, STICK/TWIST but like AA I sorry to say Colin/Dan you bring nothing to the party but Doom & Gloom and you are not invested matey, sad life/sad person not great for you mental health really, one questions why and I`m struggling to understand the thought process in your head right now, SCIR have turned a tide it is evident and folks are starting to nibble, is that what you hate the most COLIN/DAN that you maybe wrong and every doom and gloom story and they are stories QUOTE BY YOU:-
RE: Rns05 Oct 2021 17:28
Unfortunately we don’t know because it is all so opaque.
Shareholders were angry about Gneiss and I really thought the BOD had learned that lesson.
It will be a blood bath here tomorrow IMHO. Last straw for many I would imagine.
(So Share price was 1.025 now 1.15 where is the Bloodbath) the only stories being told COLIN/DAN is by you and at least (A) I invest which I did today (B) do my upmost to help fellow Shareholders but you can`t as you are not one that right, if I`m right I make lots of money and if I`m wrong I lose equally isn`t that what the whole point of Share Trading not just negative claptrap because LSE not banned you yet for ramp down tactics (SORRY but I`m personally fed up) !!!
Caddy, that says more about yourself than it does of Scir.
If you believe there will be a sale then you can double your money or more if that happens IMvHO.
If they keep it you may get a drilling spike like you did in 2017.
Good luck to you
17.5p would just about return half of my original investment some 10 years ago. Just shows what a bloody awful company this has been and continues to be so.
Dan I never ever said that SCIR will be worth 17 X the current mcap, stop making stuff up Yet again! FFS here is the post again.
Morning all, BD is about right it hit 17.5p at the time on a hugely successful appraisal well that increased resources 10 fold and at the time the expectation was they would dive straight into the next well (back to back) then NT3 now called CH1 with a larger increase in resources expected.
A part sale would be perfect for long termers, however I think the BOD have made it clear that they are looking to sell all of the Tanzanian Hydrocarbon assets in both Ruvuma and Kiliwani.
I still don't understand how anyone will buy Kiliwani without the tax dispute and $8.3 million owed for previous gas sales being settled, so will we see a resolution at the same time and payment?
Here is your response.
Perky now also throwing out some wild and misleading numbers.
Which of the 3 numbers posted are wild and misleading please, the numbers are,
17.5p intra day
10 times increase in resources post NT2 drill
$8.3 million total owed in past gas sales.
Maybe Dan last desperate attempt before the share launches above 2p on a part Farmout deal and maybe he have some more gloom to share with us, Tom and the board is good and I have faith in him and too a nibble more today so unlike you Dan I do put my money where my mouth is, I always said fair value is at least 1.40 before the extensions and now we in talks when Gas prices are at a all time high, whoever does the deal soon will get a bargain for sure but I hope we retain some tbf, I said at .88 it cheap and the SP is now hear so the ones who took note/DYOR and avoided the noice will be happy at this stage GLA :o)
Chris - I said they were wild and misleading and I stand by that for the reasons I have explained in detail in several posts this morning.
Do you really think SCIR will ever be worth 17x current market cap with the current
Number of shares in issue?
If you don’t think that is likely then why are you talking about 17.5p as if that is something that can ever be reached? To mislead new investors?
I can respect BD for recognising his mistakes (not accounting for dilution), and recognising that 3p is a realistic target on sale of Ruvuma (which in my opinion is a long shot)
I did predict mania.
Dan, you said my numbers were wrong, now you are saying they are right but you don't like them. I was pointing out the history not making any forecast on future prices as you now seem to be suggesting with your latest attempt to pull the wool over people eyes.
The numbers are
17.5p intra day
10 times increase in resources post NT2 drill
$8.3 million total owed in past gas sales.
Again, which numbers are wrong in my post?
Chris - I have given a detailed reply.
You are using an intro day number which is just ridiculous. A spike within a spike.
This is a much diminished business since 2017 due to dilution and asset stripping.
Do you really think SCIR can get to market cap of £140 million??? Without any dilution?
I would say dream on…and please everyone beware of posters like Perkins promising jam tomorrow.
No reply then Dan to your accusation that my numbers below were wrong?
Morning all, BD is about right it hit 17.5p at the time on a hugely successful appraisal well that increased resources 10 fold and at the time the expectation was they would dive straight into the next well (back to back) then NT3 now called CH1 with a larger increase in resources expected.
A part sale would be perfect for long termers, however I think the BOD have made it clear that they are looking to sell all of the Tanzanian Hydrocarbon assets in both Ruvuma and Kiliwani.
I still don't understand how anyone will buy Kiliwani without the tax dispute and $8.3 million owed for previous gas sales being settled, so will we see a resolution at the same time and payment?
I am not disputing around 3p on sale, that is why I’d rather see scirocco involved in the drill. The assets we have sold, other than Helium One had no, or very little value. The value has always been in Ruvuma. I have been very critical of the previous Board as well as the current Board. What I find strange is a poster that is either invested, but spends there whole time knocking a stock OR not invested, but feels they need to save any new investors from taking a punt. Strange
Big double
Horse hill has been sold since then (peak excitement was in 2017 on oil discovery. Also helium one was new and exciting and has now been sold and money ****ed away on failed deals and consultancy fees.
We will need more dilution to fund the drill.
Big double. I’m surprised you have bought into this Dan rubbish. Must be a good batch of kool aid going around!
I agree with your 8p reached on a spike, but doubt it is achievable now. A lot has changed and there is going to have to be more dilution.
The world has changed and SCIR has been left behind IMHO.
We have sold off most of our assets and now entering a very low margin business.
On sale of Ruvuma 2-3p may be achievable IMHO. But it is a long shot and not good risk reward IMHO
Actually the intra day hit 17.5p post consolidation equivalent as per my post .
Still waiting for you to point out where my numbers are wrong Dan, unless you and NR lied in an RNS that is?
Dan, or mrc , in Feb 2017 the share price hit approximately 0.85p. We then suffered a 20 - 1 share dilution not long after. That would of made the share price 17p in today’s money. We have had approximately 50% dilution since then, therefore 8.5p is a realistic forecast on drilling CH1.
sorry Colin/Dan you said the shares would tank last week but alas it doing well, I do like a bloke who stands on his sword, so you think it could spike now interesting as we been saying that for months now whilst you been slamming the share, indeed if folks had listened to us they would of had the shares at .88 when we were buying not @1.15 NOW, it amazing what opportunities you miss out on if you listen to the wrong people, whats is the different between me and you is I get out there to promote my own investment, you slate the company off and you not even in the bloody stock, there is a word for folks like that, does anyone know please HEY HO !!!
On March the 6th 2017 the sp hit 0.825 which post consolidation is 16.5.
Once you take into account dilution the same SP today is around half of that or about 8p.
So yes I think bandying around numbers as if they will ever be achieved again is misleading.
Value has been destroyed through heavy dilution.
You are also taking a spike price. Why not be a bit more long term and consider say the average SP in 2017? Say 0.4p would mean that if we get back to that market cap it would be a sp of 4p.
Hardly a stellar performance over 5 years!!!!
Dan, or mrc are you unable to agree the figures below, if not, I will spell them out to you.
the correct SP would be 8p in today’s money. Do you agree with this figure. ?? Also do you not agree CH1 has more potential than NT1. Only a 700% increase then
Really Dan, show me which of those numbers are not documented and true?
Looking forward to your expert analysis.
AA - I wouldn’t trust the guy who thinks we have only seen 25% dilution here since the consolidation!!
It’s not correct by a long way.
Perky now also throwing out some wild and misleading numbers.
Good luck pumpers IMHO
Big double - there is a massive difference in your figures.
The hope here is for a pump and dump spike to get out on I think?
Maybe you will get a spike in the run up to the drill?
Morning all, BD is about right it hit 17.5p at the time on a hugely successful appraisal well that increased resources 10 fold and at the time the expectation was they would dive straight into the next well (back to back) then NT3 now called CH1 with a larger increase in resources expected.
A part sale would be perfect for long termers, however I think the BOD have made it clear that they are looking to sell all of the Tanzanian Hydrocarbon assets in both Ruvuma and Kiliwani.
I still don't understand how anyone will buy Kiliwani without the tax dispute and $8.3 million owed for previous gas sales being settled, so will we see a resolution at the same time and payment?
As Del Boy say if this happens “Lovely Jubbly” and although not perfect BD would be perfect for all in my eyes so maybe could be “match made in heaven” and would take the SP to over 2p in my eyes (so fingers crossed if they can do it) :o)
Who are these peeps who are not to be trusted? What a despicable statement.