Member Info for mrc_mrc_mrc_mrd

When did I say it would go up in a straight line?

You also accused me of talking constantly about rampers and derampers on here. Did you ever back that up??

Stop being a pudding

I have learned to beware of excited engineers!

We had one in charge here a few years ago spending all our money like it was going out of fashion!!

Anyway GL anyone invested there

I think AA must have taken a knock to the head, or maybe suffering a hangover from England’s defeat last night? He seems to be spouting jibberish again!

Poor fella

Well done 44 looks like a good trade today

Too high risk for me - there is a lot of hopes and dreams in the current SP and they can meet reality very quickly. Just observe the pleading posts for people not to panic, hold on to their shares, tree shakes, etc. Etc. I’ve seen it many times.

It’s tradeable, but long term investment at these prices I don’t think.

In relation to SCIR that is the reason I think they should sell the lot ASAP. It’s non- core, and current valuation is very high for having no proven assets. Why gamble?

Hi Matt- just commenting that delays tend to cost money and that they could quickly blow through their contingency.

If this first drill fails then there is a LOT of pressure on the rest of the campaign IMHO. Could see the next fundraiser below 10p.

Hopefully this problem is a one off. Drilling costs can escalate rather rapidly!

Anyway, I can see the “don’t panic” merchants are busy over on the HE1 bb.

I think Chilting is being a bit of a dumpling on this prediction.

We would need to see something really serious happening in the US, Europe or China to see $65.

Upside a little delayed due to opec, but when that news drops Brent should rocket.

Looks like an expensive one over at HE1

Another placing on the way there IMHO.

Not the deal we hoped for but a nice piece of news.

Well done TC. Hopefully keeps wages / G&A covered for a few years more for very little outlay.

It’s quite ineffective most of the time banana. Every country is in it for themselves so it’s not a true cartel. They are still competing, as we are seeing just now with the UAE.

They are also not a true cartel because there are market pressures that they can’t ignore - e.g. the US military, US shale.

No Chilting I am not saying that. That would be stupid.

I don’t have a better solution than OPEC production quotas which are certainly flawed! If opec didn’t exist I think we would have some other sort of global coordination. Oil is too important to leave to the lowest cost producers.

During the financial crisis western governments took coordinated action and bailed out the banks. Is there any difference between that and OPEC?

The market is efficient, but not necessarily efficient at delivering beneficial outcomes for society. Rules and a strong regulator are needed to curb excesses. OPEC does that with the rather “crude” method of fixing prices!

You are clearly a little naive Banana.

Read some history. I would recommend The Prize: The Epic Quest for Oil, Money, and Power.

OPEC is not optimal but it’s better than nothing

Thanks for the response 44.

I actually don’t like a BOD that is too showy and salesman like - we have had far too much of that in the past here.

My issue with comms is purely around the transparency of the gneiss services. We actually have a couple of these guys on the BOD so you have to ask yourself what they are up to? Are we paying for them twice? One of them was supposed to be leaving but is still on the payroll.

We have a very bloated BOD - bolstered for this supposed mid cap strategy (fine, speculate to accumulate and all that). But now we are going down the AD route exactly what are these guys doing for their fees and shares. It would appear they are now relying on these 2 chaps at the JV to actually find acquisitions at the JV.

We really can’t afford all of these people. The mcap is £8 million and falling.any money from asset sales gets pulled out of the business. It’s no wonder the growing HE1 value is not reflected. Seems highly likely it will get spunked.

Banana - the market doesn’t get everything right. It needs rules to prevent perverse incentives.

Your view sounds a little extreme.

Educate yourself about the history of the oil industry.

Stupmy - as I have said, great if it get there, but this was an unnecessary placing and for that reason I think it might be “different this time”.

All depends on Brent, but the bears have just missed the perfect chance to drive this to 19p.

https://g.co/finance/ENQ:LON?window=1M&comparison=LON%3ATLW

TLW down 12% this month, ENQ up 12%

Re-rate in progress

Stupmy - sellers have not had control. You need to look at relative performance to peers. Substantially outperforming TLW this week.

This isn’t some aim share that is “guaranteed” to drop to a placing price.

Smart money is buying ENQ at 21p and above.

Glad I loaded up on the dip

Wouldn’t bet against this Swedish buyer

Wow, stonking numbers.

Enq just turned blue.

44

My point is that it appears that there has been no procurement process for these activities.

It is not normal for a company of this size to spend millions on external consultants. If that is the going rate then SCIR is not viable as a company?

The BOD should be very very clear with shareholders about what has been delivered by gneiss and whether it was at competitive market rates. Something stinks IMHO.

Do you not think it stinks that they are giving work to their own companies?

What exactly do you expect our BOD to do? Pay the invoices that come in from gneiss then put their feet up?