Member Info for mrc_mrc_mrc_mrd

EC

The dispute is historical under a different government.

Current government have confirmed it was handled badly and they won't pursue any new cases.

For many investors that is case closed...does anyone really give a toss about how a small british oil company was treated a decade ago Under a different administration?

Can I have the cash equivalent instead??

Looks like AA is going to be the green eyed monster with the red face after his call for a dive in the SP this morning!!

India will not pay voluntarily IMHO.

They will fight this at every turn.

Best way forward is to sell on the debt at a heavy discount and let someone else spend years recovering indian assets.

I'm coming to the conclusion we won't see a bumper payday from this.

Looks like we have a green eyed monster on the bb!

Lol, you wish AA - you e been calling this down since 11p!!

Ouch!

I am calling for a gap up and close above 25p today

Stimmy deposits will be hitting bank accounts this weekend.

I think you are dreaming mate.

Insurance won't cover any of this. It's essentially a bad debt now.

What CNE may do is sell the debt to someone else to collect.

It would chris

Sadly it would be short termers who benefit.

LTH need Ruvuma developed to see any return IMHO

Net debt at end of Feb $1200 million IMHO

Aimster - the market already knows that drilling is taking place soon and funding is in place to do so. Not sure why you expect the SP to rise on a firm spud date.

I'm keeping my powder dry.

If HE1 falls further, or news is not forthcoming on Ruvuma or a deal then there is a cheaper price.

Equally a deal is likely to include a placing so probably a dip down to the placing price in that scenario

I don't think there is a long term strategy. What makes you think hydrogen?

The recent news baffles me. I'm only here for the arbitration award now. Just hope that hits the bank this year.

Sooner the better to make use of the tax losses!

AA - exactly my point. It's non-core. Get rid of it. SCIR are not wildcat gamblers now.

Let's get the cash in the bank to fund the new strategy and our obligations at Ruvuma.

It's only worth something when it's sold.

Chris - the price does not matter. private investors can buy HE1 anytime they like. Gambling on a drill result is hardly fitting with the new strategy.

WHEN they sell matters...the sooner the better IMHO...just wasting money and directors time holding an asset that they add no value to for shareholders. They have already made. Considerable gains since IPO.

Chris - I will say it again. Why are you only listing values above current SP?

You say - "which will it be"....well....none of those IMHO because you have listed rampy prices.

You keep dodging the key question. What do the BOD bring to the HE1 holding?

It should be sold ASAP and returned to shareholders IMHO. We can buy HE1 on the open market.

Even a total novice investor knows the answer to the question

You sound like a novice aimster.

How many publicly listed small cap helium miners have drilled recently???

Chris - you say you "just took the current price"

This is utter dog **** - you stated a range from the current midpoint of 7p, up to a whopping 20p!

Seems like you are back in dreamland.

Chris - for completeness why not show 0p to 6p? Not so long ago the BOD were not even willing to pay the 2.5p placing price!!!

Or can the investment only go up??

How long would it take the market to absorb the shares that SCIR dump? Volume has trailed away to almost nothing.

Do you think SCIR shareholders get any benefit of holding HE1 through their holding in SCIR? Seems inefficient to me!