Member Info for MaverickD

Like I said I believe Avion are positioning for a takeover here!

To 10% above placing price I feel

hahaha if you think that is the case why you here posting Q?

At current market cap the better move is for someone to buy the Scir stock, or a large portion of it!

I do believe there is someone soaking up the stock or a large order being filled.
@cperkin - ARA were perhaps looking for a bit of a bargain, but the way gas prices have moved in the last 9 months Scirocco could be looking for a better price/deal. Who knows, but one thing is for sure that 25% of Ruvuma has definitely appreciated in value!

That interactive investors summary was rally good.......I have a decent average, but holding for solid gains. The market is pricing in $85 average oil price for 2022 & 23. The problem is that these are the same experts that said we would struggle to get above $55 oil in 2021 and look where we are now and how high we have been. I will be adding as soon as some further funds are released from my crypto holdings.

Maybe the negative posters have gone and I wont be labelled a ramper.......I am just really happy at the these levels and the market seems to think so too.

Just putting a reasoned view across, based on the wider economics. ARA are no doubt committed to Ruvuma and waited over 2 years whilst trying to completing the transaction with Aminex, once all the permissions were received by the Tanzanian authorities. ARA have all the field data and even supported Aminex through the protracted process, so my view is if they can acquire a further % interest in the project for a reasonable sum then they will make it happen. What is interesting is whether there could be other interested parties (ie: Wentworth), which could deliver a better price for our stake.

Potential for acquisition of Scirocco's stake in Ruvuma.......I think ARA are no doubt at the table, but would not surprise me if Wentworth were having a look too.

Of Ruvuma stake for $20-25M with a 5% holding would suit. personally think ARA will pick up our stake and provide a carry. Our market cap is an absolute bargain considering the asset in question. News next week pre Xmas would be lovely.

Look out for a holdings RNS

Significant buys coming in…….looking very bullish

40k and 52K buys also filled

243K buy worked through at £1.12……knew they were filling a buy

I see some negative posters here and I will refrain quoting numbers, but comparisons with Harbour are funny. They have 3bil in debt on the books. I know as I had previously traded PMO. This is an oil services group and the sector are set to invest more on development next year, as oil prices have recovered therefore PFC is a great play.

Filling an order it appears

Gap just filled

Solid update and buys accumulating……think the MMS are filling a large buy order - should see soon enough.

2Billion already booked for next year and 40Billion in tendered contracts. If they win just 10-15% you are looking at 4-6billion in business. Market is just working through the numbers, but I am certainly a buyer at these levels, as it presents good value.

Ok we all have different perspectives here let’s all just wait to hear the update tomorrow.