Member Info for mrc_mrc_mrc_mrd

Pellet - probably even cheaper next week! Good thing is you can always get a better bargains here.

AIMVHO of course!

Wow giles that is a huge loss. I have never held a loser that long I don't think. Just shows you the value that has been destroyed here.

Good luck with your exit strategy, suspect many in the same position.

Pellet - ENQ always seem to be get hedging wrong?

Tbh I think they should just accept spot prices...this the final roll of the dice to survive IMHO. Little point in playing it safe when hedging at $50 means they go bust in 10 months? Better to not waste money on hedging.

Good to see a bit of a pull back today. I wouldn't mind accumulating a few more if the SP drops closer to 30p.

One week on and some steady selling going on at He1, still not having any effect here.

Market may be concerned about the NED departing - rats leaving a sinking ship?

Making promises about future production is irresponsible for a company with no clear strategy of how to get there, and no money for acquisitions.

Ariel - you are not the only investor here, please don't try to shutdown perfectly valid discussion and criticism.

People have a right to be angry the way this company is being run.

Don't let perkins smooth this over with his fancy words and excuses. The BOD need to be held to account for this disgraceful performance. It's a terrible investment to be a very early investor in HE1 then get totally shafted at IPO. The BOD either paid way over market price when they invested, or have had the wool pulled over their eyes at the IPO? Shocking behaviour.

We all feel screwed and that cause we have been. Royally plum shafted up the back chute.

I for one agree there needs to be an urgent review and communication of the strategy.

Perhaps a shareholder action group should be formed to keep the BODs feet to the coals so to speak.

The dutch assets are small in terms of SP upside but they have been hugely important to preserve cash and pay the bills, and even given PMG a nice little profit in years where the gas price is high.

It's only worth what you can sell it for.

Some substantial sales going through today. Doubt SCIR are savvy enough...probably these clever spivs that took part in the IPO. SCIR may be left holding the baby once they all bail out.

Hopefully they will sell their pitiful stake in HE1 to keep the lights on at SCIR and the directors in their lifestyles.

Makes me Ill thinking about the money being wasted but what can we do?

Lol ok AA, keep your underpants on!

Hardly "deramping" HE1

Steve - well done on the quick profit. iMHO your money is safer in here than HE1 at 8p. Just pointing out what a bad investment it has been for SCIR. The IPO investors must be having a right laugh at SCIR

ROFL cperkins - it is only you I have seen reading a cross that valuation. Not a valid comparison in my view given SCIRs precarious position and the operators ability to push through it's expensive work programme.

AA, as I say, remains to be seen.

Can't see much to back up this £35 million pound valuation other than some hot air articles. ROFL.

Wouldn't bet against it going higher, though eventually reality will set in.

Remains to be seen Ariel - some might say the current SP is unsustainable and driven by small PIs buying on hype.

I think the placing price tells you all you need to know... Big players have made their judgement. SCIR have been diluted to hell unnecessarily if the current SP reflects the real value of HE1. Market clearly recognises this. Another bad deal by the BOD

Kejoglo - I remember you were ridiculed for your predictions here a couple years ago. Well you were right and I am not scared of admitting that SCIR have made some absolutely dreadful "wrong turns" under this new BoD. It's a shocker really.

Rofly, a corporate "ambition"

Where do I sign up?!

Haha, actually, they claim to be looking to invest...who's money will they be using for that?? Because they ain't got not very much until they sell these tanzanian assets (you claim 2022?)

Yet another raise coming? Hope they don't fluff the next deal like they did with one dyas.

Chris, thank you, but I'm totally con-fussed!!

European energy company with no assets in Europe is my understanding!!