Member Info for mrc_mrc_mrc_mrd

Cash - all ear marked for work programme
HE1 - all ear marked for work programme
Tax - need to make a profit before this becomes relevant

It really comes down to the 2 assets + any new ones we can add that add value.

The biogas is really a non event UNLESS the BOD can follow through and Hoover up a lot more of these. My assumption is that at scale they can find economies or apply knowledge to improve profitability.

Lol Chilts - you don’t see the black swan, that’s the trouble!

Yes but all of the incumbents are not going to disappear. Market cap of BMW is 1/10th of Tesla. Is Tesla really going to be 10 times more profitable than BMW? When?

This does not take into account any discount that should be applied to future earnings.

I get that Tesla are currently selling a lot of units (EV market share) at a good margin. Just not convinced that the growth and margins will be anywhere close to what current valuation suggests.

It would be completely unprecedented.

Fairly high volume today so far. Positioning for the platypus licence?

Dutch gas is looking good all the way through to next summer. There are potentially big problems (high prices) if it is a cold winter. Very little gas in storage.

PMG well placed to post a strong profit this year.

I would like to see some progress on the renewables soon. Would have thought we would have seen a planning application by now...

And a normal PE for a large established car company is less than 10.

Is Tesla really going to beat BMW earnings by 10x to justify a 10x higher market cap (this assumes the SP plateaus until these earnings are reached)?

Elon called it too high at $150!

Chilting - that was before delta. I think they might struggle to maintain economic growth and completely avoid cases.

Delta thought to be 50% more contagious than Alpha, which in turn was 50% more contagious than the original strain in 2019.

The Chinese will try to control the virus and the message, that is what they do. They won’t succeed IMHO. They might lie about the impact, or indeed already be telling lies!

It will be interesting to see how delta develops in the US states that re lightly vaccinated. They are just at the start of their wave, as are large parts of Europe.

I would say nobody Chris. The biogas is a bit of a poison pill. A buyer would have the hassle of disposing of it, probably at a loss. It’s really not worth much unless they want to follow scir strategy of scaling by bolting together lots of farmers unwanted assets (correct me if I have got the strategy wrong, it changes quite often!)

Equally, nobody is going to pay $20 million for Ruvuma (full stop IMHO), but especially if what they really want is the biogas venture.

SCIR need to sell Ruvuma and scale the biogas before we become a target IMHO.

Let’s hope the BOD can pull a rabbit out of their backsides

Brent is watching the delta wave IMHO. Inventories not as important at the moment.

If it takes off in China then **** could go bananas. I think the Chinese might have big problems already TBH. Seems desperate interference in markets at the moment. Is it a distraction from how weak they are?

Does their vaccine work?

I’ve read it before when I’ve needed to but can’t be bothered - I will take your word for it.

It is anyway highly unlikely to happen. The biogas direction has made it even less likely. Nobody is looking for that hassle to go along with a mega project in Africa!!

Don’t be a cuck KO

Romaron contributed some value here.

I hope he has a nice break and comes back refreshed but with a bit of perspective. It’s too easy to spend too much time on these forums and get sucked in to petty arguments.

Everyone should take a bit of time off every now and then, including Kraken Oil!

Do you have a section / paragraph reference?

I’ve seen where they need to pay the highest they have paid over xx months, but never an arbitrary timeframe / max price that Some mug punter paid.

SHS - I think the whole campaign is destined to be a disappointment. It always is with drills because appraisal and development take so much time and money (especially in Africa!). I can’t think of a wild cat drill recently that has ended well for a small cap.

So I see a possible technical success which will be sold into. Could be wrong, but seems like the excitement has sucked in a lot of novice investors who will be left holding the can.

The problem is how many people have to buy before the valuation can be justified. At the end of the day it is a car company that has to build and sell physical cars. The reality is that outside North America they have very strong competition from established manufacturers and a growing number of Chinese entrants.

I’m not sure if today is the start of a decline, but fairly certain the SP will be lower over the next few years. Even Elon thinks the SP is too high!

Well done the BOD for continuing to sell down HE1. Massive risk taking it this far into the drill. Hopefully they are not ****ing away £1 million plus by holding on to the remaining 1%. Much better to bank the cash and avoid dilution.

Why does it have to be at the highest in the last 12 months Chris?

My Tesla short is going well!

I guess China crackdown might be helping. Also maybe reality coming in to play that they have competition and won’t end up as the only car company in the world! Or is that wishful thinking!!

Crazy valuation.

Could go hostile. I’m sure many would take 1.5p per share.

Still no shares credited to my IG or HL accounts.

Probably wise to wait and see where this settles.

There is not much near term to halt the decline IMHO. HE1 news if it’s good could pull this up, but if it’s bad then could drop this off a cliff! HE1 looking very over valued so could be a case of a fall either way.

Sell the news?