Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From the presentation EAG is valued at 0.40p alone.
SCIR share price sits at 50% below EAG stake. Add the cash, the Ruvuma deal and HE1 stake and you can see it is well below where is should be.
Yes the shareprice of the company is "****e" and that may well be reflective of the BOD.
BUT it could so easily be 5-7x that value. And it depends on what price you get the share at.
Add He1 stake (400k) and new building of EAG( 3mill valuation) and this has significant upside.
Can you explain what a load of rubbish is in reference to your post.
Total Liabilities as of last interims was a mere £368k!
Cash in excess of £1million.
https://www.investegate.co.uk/scirocco-energy-plc--scir-/rns/interim-results/202209300700122414B/
As of December $2.5mill drawdown of Rumuva deal at 0%
Another $3mill due next quarter and $10.5mill over due course on Milestones.
https://d1ssu070pg2v9i.cloudfront.net/pex/scirocco/2022/12/07142505/SCIR-December-Shareholder-Meeting-FINAL.pdf
Took 500k here over the last few days.
Market cap £1.8million + No debt
Rumuva sale dues $16million
EAG valued at over £3million with a 50% stake
He1 valued at around 400k
Just on Rumuva risked is 1.5p and unrisked is 1.0p.
Current share price of 0.22p!
Cash is well in excess of current market cap of £.18million.
Last was in excess of £1million + as of Dec $2.5million taken of the maximum of $16million due if all milestones achieved. Another $3million due next quarter so there will be no placing.
Taken a few today. Interesting comments by Lenigas.
is quite big.
247 million shares and around 645 million warrants.
https://www.innovationnewsnetwork.com/europes-commitment-to-the-biogas-and-biomethane-value-chain/27893/
Europe’s commitment to the biogas and biomethane value chain
Energy
1st December 2022
€83bn to build 5,000 plants
The cost of biomethane production is affordable. Estimations from ADEME, Gas for Climate and ENGIE show it can be produced at a cost of €57 – 66/MWh by 2050. This is especially true considering the current gas prices, which will remain high in the coming months. For the biomethane potential to be fully untapped, the sector needs investments. The EBA estimates that the industry will need €83bn up to 2030 to build 5,000 new plants and reach the 35 bcm target.
The Green arena is just starting.. These are tentative steps but huge opportunity that is coming up. Not just for SCIR.
https://www.investegate.co.uk/scirocco-energy-plc--scir-/rns/eag-investment-update/202210130700027164C/
"We're delighted to provide an update covering the first year of the JV with EAG and its ownership of GGL. As noted, GGL has performed strongly, exceeding projections at the point of acquisition and demonstrating the highly cash generative, profitable nature of the asset acquired. This strong cash flow profile has meant that EAG/GGL is self-sustaining and has enabled re-investment into the asset to enhance operational performance and improve EBITDA margins, with no further investment from Scirocco. Surplus cash generated by GGL will now be available to support further acquisitions.
" Given the pipeline of projects that EAG has secured in the green gas and circular economy spaces over the last 12 months, we are looking forward to the continued support of Scirocco as our primary investor. Delivering even half of our current pipeline will create a business of significant scale which we can all be hugely proud of. Optimisation of the Greenan asset by the EAG team has delivered excellent numbers in our first year of ownership, and we are excited to deliver additional similar projects in 2023, as well as partnering with a global nutrient manufacturer to deliver phase one of our bio-fertiliser plant roll out. With the technical pathway to upgrade our AD residues into high value growth media and fertiliser, EAG is in the perfect position to serve the ever growing demand for sustainable gas and fertiliser."
Given the recent deal it would not surprise me to see EVG at double figures.
https://www.irishtimes.com/business/2022/11/29/state-fund-targets-biogas-development/
They really targeting this sector. I think if SCIR get it right then they may well be onto something here. Everyone including oil is moving green. (or greener). New 1 billion Euro fund out yesterday. BP and SHELL buying biogas farms. Its interesting.
https://www.bioenergy-news.com/news/ireland-plans-130-large-scale-agricultural-anaerobic-digestion-plants-by-2030/
Plans have been outlined to build 130 anaerobic digestion (AD) biomethane plants in rural Ireland by 2030, reported Independent.ie.
Members of the Renewable Gas Forum Ireland (RGFI) outlined that they have an ambition to achieve 2.5TWh of biomethane by 2030 and 9.5TWh by 2050.
These plans would see the construction of 130 biomethane plants in rural Ireland by 2030, and 9.5TWh by 2050, with an estimated 3,000 jobs being created - with capital funding required to the sum of €1bn (at 2.5TWh).
Ireland's government has set a target for domestic biomethane production of 5.7TWh by 2030. This amount necessitates 130 large-scale agricultural anaerobic digestion plants to be erected within eight years.
A RGFI Biomethane Conference in Dublin in early-November heard from over 30 speakers from Ireland, other European States and the US where AD biomethane production is already well-advanced.
The biomethane industry has suggested Ireland has the potential to be a major player in biomethane production, using agricultural feedstock on-farm AD, as well as dedicated waste-fed plants.
It is also hoped biomethane can play in providing a diversification opportunity for farmers, as well as providing a renewable gas supply for gas consumers, including the food and drinks industry and the transport sector.
Last week, Minister Eamon Ryan announced the Renewable Heat Obligation Scheme, to be implemented by 2024, something that RGFI has sought as the best means of providing a stable and fair way to bridge the funding gap, and which paves the way for industry investment.
The Irish Strategic Investment Fund is putting in place a dedicated Biomethane Fund of €200m, and RGFI has made a submission to Government for €100m capital funding to 2025 – necessary to develop an initial 20 AD biomethane plants.
https://www.msn.com/en-us/money/companies/big-oil-is-betting-big-money-on-this-renewable-fuel/ar-AA14Gd3q
Courtesy of another bulletin board. BP and Shell buying Anaerobic Farms for 4.1 and 1.9 billion respectively. The last deal done in the last few days.
Wentworth could make an offer for the entire issued capital of scir. Market cap is a paltry 2.1million against a backdrop of a potential $16million if all milestones are reached.
No stock available.
50k max at 0.74p.
interesting with the drill bit as well...