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Rubbish, it all depends upon when you invest, a sp doesn't go down and continue declining there are peaks and troughs, you can invest in a sound company at an all time high and lose money, you can invest in a so called bed company at an all time low and make money. If you lose money its not the fault of the company its the fault of the investor for bad timing.
Ahfam3, don't rise to these people trying to put down your comments, you need to look at why someone would do that, an owner of a stock does not knock his/her investment, these people use the excuse that there needs to be a balance, in my experience that is rubbish, they have their own agenda, remember there is no such thing as a bad or good company, it all about timing, entry point and exit point.
I feel if there is a sale of any kind, the proceeds will be divided between the shareholders in the from of a dividend, don’t forget TB is not getting any younger and had already delayed his planned retirement was delayed, he wants out.
Really its remarkable that this deal has been completed, Neil Ritson told me sometime ago that the Zubairs had openly said to him they intended to spend SCIR (SOLO) out so we never had enough money to fulfill our cash obligations and would be forced to relinquish our shares for free, but luckily a buyer came to the rescue, many may say its a bad deal, but if we never took it we would have probably got nothing imo.
You can be invested in the best company in the world and lose money or the worst company in the world and make money, its all about timing, it's when you buy and sell. One thing I do no is what ever gets posted on here doesn't influence the share price either way. You see there will be a lot of people who make 60% profit yesterday, I don't think they will have a bad word to say about the board.
Could see a suspension as we had previously on the announcement of a new deal,I don't believe the BOD have been sitting on their hand until approval, if they have anything about them they will have something ready to go imo
Scirocco finds itself in a very strong position and I for one am glad that I remained confident that the deal would happen as expected, not something that I think everyone even close to the tent were so confident. This deal leaves the company with no financial liabilities and clean as a whistle with money in the bank to continue with the sustainable energy policy.
The management promised to reengage with shareholders following the Ruvuma deal and that is what they are planning to do, the opportunities are out there, the team have a strong idea of what is best for the future and to create long term value. And they said it wouldn’t happen…