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I agree with everything here, but just to foresee how they'll play the low risk/high risk contradiction. It's low risk to wen because of the way the deal is structured. Scir are still taking the risk (be it low or high in cos terms), but get the initial 3mm.
It's a very valid question though and one I'd think everyone would like an answer to. I'm sure it will be asked in one way or another. Gneiss fees will surely come up.
You're not listening. I think most agree that - just disagree when that will happen based on what the BoD have communicated at the AGM. Acquisition hadn't started. Results expected September, maybe early October. That's all. Share price may rise before in anticipation.
No one has bashed the company in today's posts, only you haggis really. Crusty had an opinion of 'buy' on all his posts and I said 5p is a reasonable expectation. If you think £1 is where its heading and seismic results could land any day, then it sounds like ramping to me. That doesn't mean I'm doing the opposite. I won't carry this on though. Enough said.
Haggis, I think you are entirely wrong with that assessment and I expect many others feel the same and appreciate the very balanced and honest opinion from him. All his reports from agm's have been proved accurate over many years. Others have challenged in the same way only to look foolish in the end. GL though.
'Following the award of the seismic contract in Q4 2021 and the ongoing mobilisation of the equipment to site, the Joint Venture expects to commence shooting seismic imminently.'
So at the time of that article/rns, aquisition/shooting hadn't begun and there's that old word 'imminently' again. As long as they are on track for November drill still, who cares?
Crusty, did anyone ask why September 2024 for first gas? Always seemed a very specific target especially when it was first announced and almost 4 years away at that time. From what you said about no decisions as to how/where the gas will be sold, I doubt there is a specific reason for this target, just curious if it was asked.
Projection is 40m net to aminex. 100p share price is 4.2 billion market cap. 100 x p/e is way off. They quote the value of the gas in the ground and directly equate that to shareprice. A ridiculous article for anyone to see yet people still pump it. Positive times are ahead in q3. Maybe 5p? Anything above is likely to be froth if you want to try and catch it.