Member Info for highlandmatt

You would think a simple slide comparing CO2 emissions for generating leccy from coal, oil, peat and gas would do it.

Is barely more than at the start of the pandemic, when oil went negative. Since then, oil is now $100, Cascadura 2 has proved up another sheet, Royston has found an oil resource similar to Barrackpore (100+m barrels), Coho is due on line shortly, and Cascadura paperwork is being progressed. Production about to double, NGC to buy the pipeline bringing in more cash. Fixed price contract so even if there is a recession, earnings are guaranteed. Current SP bonkers. Get 'em while they are cheap.

Same here. Done the research. Know what this is worth once Cascadura is online. Happy to keep accumulating while the shares are on offer. This time next year Rodney.

It's looking like panic now. Time to look down the back of the sofa, and to other bits of the portfolio to free up more funds.

SCIR loaned the money to EAG, so that is ok, as it will come back at some point. The business is profitable, so the purchase price reflects that and future earnings, not the asset value. A bit like buying a service based business. The PCs are worth less than you paid, the building is rented so you have no assets, but the workforce generates earnings.

What are you driving at MT? The purchase of GGL isn't the issue. It's one of only two things the BOD have done well, the other being selling He1 shares for 20+p. The issue is the fees and general cash burn for a small company, ultimately resulting in surrendering the flagship asset as unable to fund.

It was only a part payment.
Depends if purchase price is less than debts, and whether the entity still exists. GGL has continued, just with different owners.

£300k was used to ay down the GGL loan, which GGL owed to creditors (presumably the build and start up costs).

Dunder - I wonder if the other side of the coin is true? Is it possible that responses/ levels of detail that are acceptable in Canada are not in T&T? Different environment, closer population?

I picked out these bits from the RNS as follows:
"The Company also recognises that it is important to develop a range of monoclonal antibodies to detect CIZ1B"
"mAb supplier agreements extended to increase use case diversity"
Reading between the lines we have one antibody that works, but maybe only for certain cases / patients / diagnosis, but have found a way to increase the use of the technology (for different lung cancers, or different cancers?).
Either way, if the tests can be used in more cases, it means we can sell more tests.

I've missed out ;p. That's not my experience of working in the public sector (Civil Service, local government, NHS). What I do know is that it can take a long time to get decisions. More info requested, a paper needs to be written, the paper needs to go to a board/committee, the meeting is cancelled due to sickness / leave / operational requirements, another month goes by. The meeting finally happens, and asks questions, and the whole process starts again.

Alligator - since Britain controlled T&T from 1802, it is probable that we set up the structure, principles and processes of government and the civil service.

Now, why would we need guidance from the FCA? Answers on a postcard anyone?

Thanks HS. So, reading between the lines:
1. the first review might have asked for a risk assessment, which has been submitted, and
2. the second review has some questions about that risk assessment?
Doesn't sound too bad to me.

I haven't looked at a map, but is Mou4 the chosen location for the CNG plant (better access?). If so, does that mean the plan is to drill Mou4 and get production asap?

Is a month delay really that big a deal? Disappointing? Yes. Frustrating? Yes. But will it impact the business? I don't think so. Just gives me more time to buy more before Cashcowdura comes online.

Thanks MT. So SCIR will be receiving income from interest payments. That's a good thing, right?

Another weak day in the markets. Recession fears. But we have a product in demand, a fixed price. I have no doubt that T&T government want Cascadura online. Therefore it's just time. Be patient, and load up.

Apologies, missed 'the BOD' (has a warped view...)

Once the money is theirs, they can spend it on what they like. The issue is whether it is warranted, earned and value for money. My impression is that having worked in large O&G companies, have warped view of what things/services cost in the real world.