Member Info for sasa43

Thanks, CaneT - useful commentary on the new ELIX process being introduced - that and the increasing demand for Copper bodes well for the sp moving higher from here - sasa.

Agreed, Miguel - that's the only impediment holding POLY back at present as far as I can see; especially the risk of further sanctions by the West if Russia raises the temperature again, as everything else seems positive - sasa.

This should certainly re-rate on the latest RNS with the Shell discovery close to their licensed area off Namibia, merely adding spice to the much enhanced asset base; back in here again accordingly, hoping to recoup the pain endured first time around - sasa.

Yep, that's my interpretation, too, unfortunately, TDT - a very convenient excuse it seems to me.
Hopefully, the 'Zone 8' initial drilling results will restore some confidence in this which it badly needs - sasa.

Hi TDT - well, your penultimate para seems to clarify the matter from what's stated in their Mem & Arts; the 5% obligation generally applies to foreign holders of UK stocks but not in this case, apparently - odd, innit? - sasa.

Hi Geng - Yes, I think you're correct re: your first para - I also recall RY stating that they always try to abide by the AIM rules - the inference being that they don't always have to in their case.

I'd forgotten his comment on that aspect a while back... sasa.

Yes and the irony is that all the alternative sources / required infrastructure / ops. etc., will have to be built by industry using conventional energy sources like oil & gas to bring them into being.

The transition to 'clean' power alternatives, albeit laudable and necessary, will take quite some time before eclipsing traditional methods with gas being the cleanest fossil fuel meanwhile, so Serica certainly called that right in hindsight - sasa.

Hi TDT - yes, 5% declaration for 'offshore' positions with a few more days 'grace' to declare v 3% for domestic holders within 2 or 3 days of that attainment, if I recall correctly.

The 3.74% declaration was likely to be either an unconnected domestic party or an 'offshore' compliance officer who unnecessarily moved too soon. Pure conjecture, as you say but any further declaration, especially in the latter category, would be interesting, to say the least! - sasa.

Agreed pickedpeck - Atalaya still looks very good value in today's climate to me - cutting their T/P by 2% odd seems rather pedantic / silly really, given their maintained 'BUY' rating - sasa.

Hi cowboy - tend to agree that TDT's supposition re: Euroclear, is quite plausible if an entity is steadily building a position ' offshore' , either directly or via the old 'warehousing' route.

Although that 'modus operandi' is outlawed nowadays (giving rise to the old 'dawn raid' being launched back in the day) any 'offshore' entity would very likely use that route to disguise its activities if it's going on...

Anything to get this off the floor at last would be good - sasa.

Gotta be good news, at last, in 'clearing the decks' here and getting this show back on the road after such a dismal showing last year and an appalling sp performance in consequence - sasa.

Nicely put, TDT - let's hope that we can now get out from under and get on with things for the better - sasa.

And looking forward to all the positives henceforth - sasa.

Hi Newk - the sp may be being manipulated as you suspect (common problem with AIM shs as we know) and a move to the main mkt would obviate much of that and the Co's 'aspiration' in this respect might well be fulfilled after 2022's bumper results are in to achieve full value for us shareholders - assuming North Eigg doesn't disappoint in the interim, as you fear might be the case...

Upomega raised an interesting point yesterday about BP's 5% stake in Serica, i.e, might they wish to finally part company with us, post 100% BKR being effective from next week? If so, would they likely try to sell to a trade buyer or steadily drip feed into the mkt?

Been pondering on that one myself, given the recent sp weakness which might also explain the latter - sasa.

to consider imposing a 'windfall profits tax' on our North Sea oil & gas producers but we import too much foreign gas already in meeting our energy requirements - disincentivising our domestic producers serves no purpose, especially when the gas price reverts to the mean once again.

Suspending the 'green subsidies' and VAT charges already levied on consumers' bills would be a more pragmatic and immediate response in easing the squeeze, surely?

Meanwhile, this time next week we'll be into 100% BKR revenues being RNS'd ideally, with hopefully, positive updates on R3 and Columbus outputs to hand and in March, the F/Y results for 2021 being announced and the much anticipated divd declaration, of course...

Much to look forward to from here - sasa.

Thanks for relaying this info. SpaceHoppa - anything positive on this after its very disappointing showing this past year is very welcome - ATB / HNY - sasa.

Good timing, Mommur - in the short run, anyway...

Personally, I can't find a safer / more appealing stock in these mkts for now with 2022 looking like a real bumper year for the Co. which the present sp doesn't fully reflect by some way, even now, imv.

Have a good Christmas to one and all - sasa.

Hi NewK - notwithstanding your understandable reservations regarding the North Eigg drilling prospect / expenditure involved / Cos, etc., the seismics do look enticing (to me, at least) and if successful, it'll be a sizeable, prospective, addition to our reserves.

With gas prices so high, they might well preclude T/Os / acquisitions, either way for now, until energy supplies ease at some point.

Given that Serica 'won't overpay' for anything, that rather rules them out from going for something currently, so perhaps they regard drilling North Eigg as a cheaper option since they've bought the licence and they clearly have more than enough cash available to see whether it's worth pursuing.

In just over a week's time, we'll be in the 100% BKR revenue zone, probably accompanied by an RNS confirming the same, with positive updates on R3 and Columbus outputs, too, hopefully.

Any shorting of this now could prove very costly - agreed... sasa.

being announced in March but a significant 'special dividend' or 'return of capital' ahead of drilling North Eigg next year? I doubt that, myself.

There's been no mention of a 'farm in' partner for this so far and they'll likely, therefore, decide to 'go it alone' and defer any major capital outflow until this is successfully concluded / deemed to be a significant discovery or otherwise.

Ergo, expectations of a lumpy 'special dividend' beforehand, seem premature to me - sasa.

Entirely agree with your sentiment re: the less fortunate being caught out by this unprecedented rise in the gas price, troubledseller - whilst investors here have the benefit of it all, many more peeps are being mercilessly squeezed by it, sadly - sasa.