Member Info for ShouldveSold

More of an interim update. At least Eytan has made some effort to give shareholders an idea of ball-park full year revenue.
10 month figures of $5.2M is 2M higher than I was expecting, I am disappointed that he didn't give a debt indication (excluding the debt still being negotiated).

A delay to the Suriname drilling doesn't seem like a bad thing to me, Capex will be pushed back a little and it can provide a little time to be devoted on other matters. "more haste less speed".

Guess we'll have to wait another 3 months for any news on the IT well progess. These are beginning to feel like a secret project.
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The Stena overhang is dragging. Maybe what lead to the operational accident is a lot more complex than something simplly falling into the bore. I just want it settled and I hope there isn't any interest charges on disputed monies owed.

Thanks :)

Has a date been issued or outlined for the expected completion of the acquisition & JV?

I would be surprised if news of a successful first HE1 Well & commercial discovery doesn't breakthrough the 6month high point in Scir's chart.

Saw this clip today, YouTube search "biofuel produced in Abu Dhabi desert" and watch the 3min video. You guys may find it interesting as it relates to Scir's diversification.

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AA in my opinion Ruvuma has been the only asset Scir has had which was worth anything (excluding KN1) Everything has been dependent on it. Which is why I think the interest in Solo over the years has dwindled. Its been delay after delay, promise after promise with the Tanz Gov moving the goal posts each time. Which I think has lead to the market getting board of this stock.
But this diversification derisks Scir in my opinion. By the time Ruvuma is ready to be monetised in 2025, Scir's other investments could be just as valuable. I think Ruvuma could go from the bread & butter to the cherry on top.
Things could look very different in as little as 4 months; just on the HE1 progress.
I am still not investing a single £ more in Scir lol a lot needs to happen for it to make it out the bottom drawer. But I feel as though Scir's fundamentals have changed.

I don't think the best case scenario at HE1 will drag Scir back into profit for me, but I do see that result as giving it a boost toward breakeven.

Its still in my bottom drawer and dependant on how well the BOD's new strategy is executed, breakeven may come before 2025 for me.

Ah of course you were joking. Silly me.

Wait Ham, those messages we for me? LOL

Hang on, so let me get this straight. Because I am waiting to see if resistance points in the chart are tested & am trying to reduce any risk of me getting spiked, to you that means I am short the stock?

Only... ? I'll take that profit thank you very much :)

Monty 9.89g is peak. Average would be closer to 5g/t.

If there is one thing I have learned over the years Oilcat, its to never make price predictions.
Even though I have expectations of the points in the chart to be tested, I never say never.

Great news today but it doesn't change Alba's fundamentals in my opinion. Its still in the exploration phase and has regulatory hurdles to clear before SP valuation can be realised.
I am still bullish on this for long term growth.

I want to blame the calculator, but in the interest of transparency in my head 8x6 came to 54, not 48 lol

I think you will get another opportunity to accumulate some more @ .22. Even though a SP pop came today, the chart is still trending downward.

Ah 480kg !!! I calculated it as 540kg. I blame my maths teachers !

Well I'm glad other are doing calculations, it has saved me embarrassing myself with crap maths lol.
I worked out that approx £100k of gold value came from the sampling. Does 2.4kg sound correct?
More importantly is how long it will take for approvals to be applied & granted to process that 15,000 tonnes.
Good RNS though :)

Thats great. I am disappointed that GF doesn't include any news on what is done with the gold collected; whether its sold & how much revenue has been generated.

Wait, I've read that as 49grammes not 49kg.

Would 49kg of gold pay for the process?

I think this is more about market sentiment. In my opinion Scir's value is still pegged to stoic Tanz assets. Once this Biogas deal is completed & revenue starts to flow, I think the SP will pop & the HE1 news & value will also be added.
The outlook for the next 6 months looks positive.

I am sure having a PLC that you can do transactions with without having to declare it to the market has its advantages.
I have no desire to micro manage Scir investments for the BOD to provide answers on any decisions they make on behalf of the business.
If its important enough to require a shareholder vote. Then I can vote. I'll leave them to run the company.
You may recall me saying that I have done all my stressing on this company a long time ago. I am at peace with my investment :)