Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
some interesting comments about our current market valuation and whether the current BOD can get some sort of true value, however, Faroe and Ithaca were bought for peanuts and this is likely to go the same way
As ever Gil sounds confident
http://www.alignresearch.co.uk/eco-atlantic-oil-gas/dr-michael-green-interviews-gil-holzman-ceo-of-eco-atlantic-oil-gas/
Well said QC & New
The fact that SQZ BOD said that they had considered the 2nd offer and took them 6 days to reply, this acquisition is just a matter of time and agreeing the final transaction.
SQZ did a great job, but it’s now time to hand over the batton to a more dynamic and ambitious team. Both TTF & NBP will rocket this winter and having 40,000 boe is going to produce very healthy returns for shareholders and a war chest for the next acquisition.
https://twitter.com/neilbelieves/status/1547965006070759424?s=21&t=GmeqWOIDqczx--k3hwYrAQ
https://twitter.com/neilbelieves/status/1547965006070759424?s=21&t=GmeqWOIDqczx--k3hwYrAQ
Hi Sasa - regarding North Eigg, yes apologies with that statement, however, there is some commentary on pinning hopes on North Eigg. As good as the seismics are and its right next door to Rhum, what if it doesnt come in? Where does that leave the share price and reserves repalcement? How many times have we come across appraisal wells that havent come in, so even assigning a 50 COS on Eigg is pretty dangerous
thats any easy one to answer New, SQZ share price will tank down to the 250-280p levels short term, will increase then as we approach interim finacials and then its head and tails for the North Eigg drill, its a traders dream
also everyone is assuming North Eigg is going to be successful, its an exploration well and this is oil and gas, even SQZ said that it was 25-30% chance of success, has everyone forgotten the fiaso of the last HPHT well that SQZ undertook
KIST have already said that they would return a fair chunk of that SQZ cash back to shareholders, so what difference would it make if we were owned by KIST or SQZ now, SQZ just now copying what KIST have proposed and are on the back foot.
Wasnt it bleedingly obvious that some entity would have seen that pot of gold and say we want a bit of that, so niave of SQZ BOD to not recognise that as a risk.
So following the 2nd approach by KIST on the 24th May and after “careful consideration” our management team took a full 6 days to reject the offer:
“Following careful consideration, the Board of Serica, together with its financial advisers, unanimously rejected the Kistos Possible Offer on 1 June 2022”
The first offer was rejected within 2 days, this second offer required more careful consideration such that they had to consult financial advisors.
It’s clear the second offer peaked their interest and they took their time to consider it.
This deal will get done, its just a matter of dotting the i’s and crossing the t’s, sort the fine print.
It’s all about who you know, and AA is well connected with the city big wigs, they will all take their cut. The institutions will take 25-40% in todays market. We all saw it coming, even communicated our concerns to the board but they wouldn’t listen.
SQZ will never see full value, shareholders of Ithaca, Faroe, Premier, EO will tell you that. The SQZ board are well and truly snookered, you could even say CHECK MATE.
Is there a white knight - time will tell
share buy back - no thanks, to me its when a company has no clue what to do with its cash. There are plenty of targets to go hunting with - they have a massive cash pile and its getting bigger by the day - do they not know what they are going to do with it asides the dividend
But not quite CHECK MATE yet. The market doesnt believe that this deal will be sealed at 382p otherwise we would be at 382p.
I really don't have any sympathy with the SQZ board, they have sat on sh@t loads of cash without utilizing it properly. I wouldn't be surprised if the SQZ stock was deliberately shorted to get this first shot across the bows via a formal RNS. Lets hope that this kicks off a round of counter bids, feels like AA has just started and is ready for a more reasonable offer,
Have we heard from SQZ yet