Member Info for mrc_mrc_mrc_mrd

AA - the 2 events are not mutually exclusive.

The BOD could be foolish enough to fund this year in the hope of either selling or a big SP rise that they can get an even bigger placing into to fund to production.

Steve - better to wait until the placing is cleared surely?

Yes NQM I was thinking the same.

If this isn’t an emergency then I don’t know what is.

Happily KO

I think my money is quite safe with this wager

KO - as you claim to be a long term holder one has to ask why you are calling daily movements and lurching from positive to negative?

If there is nothing that will make you sell then why get so excited about daily movements?

You have a history of selling. You did not tell this BB in advance so I don’t see why anyone should believe you.

Volume looks substantial today 12 million showing on LSE.

Jan - I don’t think KO is a long term holder anymore.

Chilting has turned him to the dark side of day trading. It’s quite obvious which side of the trade he is on by what he is posting here on any particular day.

Never mind Bara Mara

Chris Perkins has some nice irrelevant news links to make you feel all warm and fuzzy!

Prices will seek out demand destruction. 10% of global supply is currently uncertain so some will have to do without.

SHS - my argument is that losses need to be cut on Ruvuma.

Otherwise this cash from AD is going straight into a hole in Africa. If they can sell Ruvuma soon then great, but if there are no serious buyers on the hook then best thing would be to pack up and move on with the new strategy.

SCIR can’t afford to shell out $6 million (and the additional $30 million or so to take it to production) on the hope and prayer that they might see a return in 5 years.

Waiting in the wings. Must be quite a few companies thinking about bringing on fields quickly.

So, as you seem to agree that a sale will not go through before scheduled drill date, your sentence should read;

“ What we do know is a dilution at this price or below (Assuming the usual discount) will be painful for holders.”

Chris - and I was responding to your comment that “ if required and the asset is not sold before money is required for the drill, forecast for Q3”

On its way to drop off a load of kraken heavy

Not a bad day for it

The SP is not going to rise while there are threats of nuclear war getting bandied around and large parts of the world is engaged in economic war.

It has very little to do with hedging, or Enquest at all.

The key to spreadbetting is leaving a comfortable cash buffer above your margin level. It takes discipline not to take the maximum leverage on offer, which is why most people lose money.

Chris - face reality, friend.

It’s a near certainty that a sale cannot be completed in the timeframe you suggest.

Just take a look at how long the AEX deal took.

This is why relinquishment is a very real possibility at this point.

The glorious BOD have run out of road.

Frank - they have been offered nothing as far as any of us know. We can kid ourselves that it’s worth $20 million, but really it is worth nothing if none is willing to buy it.

In fact it is currently a liability with SCIR requiring expensive (Dilutive) finance to keep hold of it.

I wish it were not so…

What a disgraceful post Chris.

As usual you lash out at others who don’t share your aggressively bullish view point

The Ukrainians do have Turkish drones. Perhaps some nice targets in that convoy.