Member Info for mrc_mrc_mrc_mrd

https://mobile.twitter.com/cairnenergy/status/1363774289204371457

Great opportunity still for some to get out with a small profit. Some will have bought at 1.05p in the last few months. May as well take a profit then buy back in after any placing?

Well done all holders. A close above 18p is now looking likely which could see us motor up to 21p in short order.

Dodger - market is taking a kicking because commodity prices are surging. It is good for us.

Got to love being in for a re-rate!!!

18p looking vulnerable today!

Nice start!

Expecting another stonker today.

Market should start to see $60++ as the new normal IMHO. Re-rate should continue apace.

Once 18p goes there might be a little resistance at 21p then clear through to 30p IMHO. 18p the big one to break though!!

Things are improving fast

BBC News - More than half of UK employers planning to recruit staff
https://www.bbc.co.uk/news/business-56149661

" Consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain ‘highly inelastic’ to the rising prices, the bank said"

Yes I don't think blackrock will be too happy with $600 million.

Any settlement offer should have been made pre award. You can't ask for a plea deal after you've been found guilty!!

Doubt blackrock will accept anything less than full payment.

Lol oil is exciting isn't it!

Here we frickin go!

GLA

Steve - just because it is highly dilutive does not make it unlikely. And it's not a bad thing if what is bought is good value. If the placing is popular then they may not have to give too much of a discount. I've seen it as low as a few percent.

Unlikely it will all be funded with debt IMHO. Banks like to see a bit of risk taken up by shareholders. If you don't have any cash then the only way is through new shares being issued.

Fair enough Steve - in my experience shareholders normally have to chip in but we will see what happens! Would be great if they can avoid it as chances are it would decimate the SP.

Yep, big double and Chris are strangely quiet. Maybe taken the opportunity to cut their losses? Bad news if that is the case

AA - we are able to share our experience and opinions here AA las time I checked??

In my experience it will be debt plus equity (possibly including an open offer) - similar to the last deal. Last time it was a little more than 50% equity to debt.

Where do you think the money will come from?

Frank - where is the money going to come from for acquisitions if not shareholders?

No need to get excited about it, placings are not always bad. At least this time it will be to buy an asset with some cash flow.

Sorry AA, I'm not trying to upset you, just sharing my opinion. If SCIR is such a screaming buy then why are you so defensive??

Sure it does AA. Might be worth a punt at 0.8p. I'll wait until the placing is announced.

I won't speak for Mather, but my concern would be that this is a pumping exercise to get a placing away at a higher SP. I think they might get it through at 0.8p to 1p.