Member Info for ShouldveSold

I don't think any jackpot is coming at anytime. But certainly loss mitigation is now kicking in.

Never invest more than you can afford to lose nicely.

Scirocco was out of its depth in Tanz, trying to hang with the big boys with zero clout to do anything about anything in a country where its government is a mess. It was a fairytale, a literal pipe dream lol.
I for one am glad that Scirocco got out without being wiped out completely with all remaining assets being sold off & credited to Gneiss.

Got to leave all that legacy sentiment crap behind. Cutting loses is part of game. We have new cards to focus on.

It's all in the RNS Steve. Another company/cash generative plant is being acquired with the initial Ruvuma funds which could be received at any time within the next 12 weeks. Unless there is another Tanz delay which is completely possible, scuppers the deal.
The sales agreement with a global player has literally swapped out the carrot which has been dangled for years.
Company fundamentals have now shifted.

Allo allo, are we getting a shift in market sentiment?

If the outflow of cash are organically growing the business & funding acquisition rather than being flittered away on consultancy fees. Retained profit will eventually come.
The jury is still out but the company is moving in a direction that I am now optimistic about.

Based on that RNS it reads as though Scirocco is about to turn a corner & leave all crap behind.
Joint owners & operators of assets. Cash generative & now securing additional sales agreements.
No mention of Gneiss or political shenanigans.
Could Scirocco actually post a full year net profit?

I have a renewed optimism.

Might be nice to have JF back on the board. At double the salary of course. Maybe even Executive Chair over at EAG so he gets fully compensated for the loss of potential earning from Ruvuma lol

A "take with one hand, give with the other" RNS this morning. Feels like All parties involved conspired to get Scir out of this deal.
As sour as the debacle gets, the outlook for Scir actually getting all £16M now looks realistic & received in full before 2025. Rather than a protracted indefinite drip feed.
Lol at the magical pipeline that gets approved from no where.

The Tanz Gov & the APT continue to feign delays to benefit themselves & show no remorse if it cripples Scirocco.
I am glad the company will exit the region.
Intital payment pushed back another 3 months will mean no new AD deals. With wholesale gas prices tumbling, it will be interesting to read if the Greenan plant is at break even. Wouldn't surprise me if a small fund raise will be needed to pay the Gneiss retainer & keep the business going for 3months.

Possible news of the initial £3M will be received on Monday. Traders making some tea money.

I will never concern myself with what other investors are doing :)
The Board have made it clear; LTH either accept Gneiss get all the money or they can crystalize their losses and eff off.
So I see more fundraising in the near term as trying to lure in new investors with that presentation looks unlikely in my opinion.

Only 1 question asked during the presentation is evidence of how investors & LTH feel about Scirocco.
Looks as though the people who used to care are fed up and no longer care.
I for one am tired of hearing the same spiel. Scirocco has not demonstrated in any way that shareholders or investors will benefit or see any retained profit.
Still a bottom drawer stock. They can fluff the money away on wind energy if they want or continue to pass all the retained profit on to Gneiss.

Very strategic release in what I can only resume is in hopes to derail the GM resolutions lol. They left out the info that that only companies who get to split all the income is Gneiess & EAG though. Its disingenuous.
I believe 18 months have passed since the talk of these AD plants in the pipeline & still nothing. I appreciate Scirocco is waiting on the Ruvuma sale funds to trickle in before any more purchases can take place but geeez this is painful to be a part of.

Wouldn't surprise me if the next stop would be to delist as a final "stick it to them" once they get the sale proceeds from the Ruvuma sale.

Nice to see the two of you not being Itchy & Scratchy for 15mins :)

One would think those numbers would be published.

This morning I was trying to find live prices for Biogas but couldn't. The only thing I could find was a Google Tier 1/Tier 2 calculation which was valid in 2019. So a bit of a head scratcher. Does anyone have any information on this? :)

It also posed the question; even if the Biogas price doubled tomorrow, all that extra income would still all go to Gneiss would it not?
Current income generated £323,000
Yearly Gneiss fees & commission £606,000.

Just scrolled down a bit and saw the info I was after you had already posted lol

Thanks, appreciate it.

AGE, I am guessing you either know this number already or it won't take you long to calculate; How much money has Scirocco paid to Gneiss in fee's & commission since 2018? Could you also include the aborted deal payment. I am interested to learn if its anywhere near the Ruvuma funding shortfall.
Not trying to incite a furore here, just interested to know the figures.