RE: A Meeting of Minds and Markets8 Sep 2023 12:34
"Β SCIR will not be able to repay it without deal completion and nor will they be able to fund ongoing obligationsΒ "
Yes agree, as SCIR stands at the moment, but if they found the Financial support and backing from a third party in a way that didn't constitute a takeover ( so hence the need of government approvals ) SCIR could become a rich gas producer/money maker, in the not to distant future. ??
The thing is, as we understand it, early production/revenue is not years away, and all licence agreed and waiting final signatures, so SCIR 25% must now look extremely attractive, to say 2 to 3 years ago.
I'm not talking about a takeover, that can't happen, but some kind of financial deal. ??