Member Info for ShouldveSold

Its a little to early to call this, however with today's RNS having no real affect on the SP. Its leading me to believe all the upside will be realised in the Newco listing, rather than in Alba.
It may get a tow higher but we'll have to wait and see if the market views the companies separately or symbolically.

Maverick as optimistic as I am about Scir, I am not sure I understand your fair value figures.
Is this where you think Scir should be today? Or after particular results/milestones passed?

Well the Enviros have managed to get 3 Exxon BOD seats so the changes will come from within. I suspect similar appointments in other majors to follow.

Change is always difficult & resistance will always be there. I certainly don't see fossil fuel exploitation being banned by World governments any time soon. I do however see a commitment to that or massive reduction & dependency on them as an inevitability whether that's in my lifetime or not, I don't know.

I am not expecting or asking Scir to do whats ethically beneficial to the planet but I think that expectation is becoming more prevalent as the world climate changes.
We are getting off topic now. If Scir did another gas deal which produced an income. I would be happy about it because I am a capitalist and want a return.

Ross I am expecting full year results around the 20th of June. I expect the pre-tax loss to be greater than 2019's and also cash generation to be lower.
Hopefully a IT production increase & the oil price recovery & stability will take the sting out of the financials.

Maybe whilst no news is available to debate, one has to provide hypotheticals as entertainment or rehashing 2019 topics to keep the blood flowing.

mrc in my opinion the Saudi's have had control since it became the biggest producer/exporter. Now they are losing market share to other producers but if they turned off their taps, the world would probably grind to a halt.
Humans have now concluded that if we continue on this path, we are doomed. So green/renewable is the only future. I don't know what that will look like but I do believe the likes or the recent Shell/Exxon announcements will become pervasive.
So it will start with the Majors & if legislation is changed worldwide, the enviros won't have to infiltrate the micro & midcaps. Companies will just fall like dominoes.

We can all speculate on why the deal didn't get done & chose perspectives or see silver linings. All I can do is believe the BOD made the best decision at the time for the business.  Whether that decision was: short term detriment for long term benefit. Or a short term bet which will prove detrimental, I don't know. But the company fundamentals hedge against that.

If a deal comes before the 3month HE1 results, great. If one doesn't, I still see an upside based on good drill results. If there is no commercial Helium & if no deal comes before CH1 results, its disappointing but I still see an upside post CH1 results.
Personally I can't continue to complain about how crap a situation is. I just chose to get on with other things.

"I'll show you mine if you show me yours". I'm embarrassed to continue to read.

I can't hold onto the remnants of the aborted OneDyas deal. The deal is gone, it wasn't made nor will it be revisited. I have moved past needing answers about it.
I'm not going to grit my teeth every winter thinking about how much money Scir would be making.
Even though the BOD has depth & experience, that hasn't led me to expect a mini BP in the making. And I think this is where you & I continue walk on different sides of the fence.
I've done all the stressing & fretting about this stock in the Solo Oil days. Its bottom drawer stock & if its still there in 5 years time, I'm at peace with it. If I ever hit breakeven, great. If I make a return, its a bonus. I was naive to think this was a pot of gold at the Tanzanian rainbow. But that's on me.
Luckily my path to financial security isnt solely dependant on Scir.

*such*

I'd like to think this is closer to the truth than anything else & is a similar conclusion I considered.
With some a group of board members coming together, it's hard to imagine them not producing something good at some point. Even if that takes another shareholder fund raise.

Agreed.

That being said, there is air of disingenuity & or over promising & under delivering on the CEO's &
BOD behalf in my opinion. Its looking more like the contents of the relevant interview was more to quell shareholder unrest than being realistic.

If T.R didn't mention the potential deal, we would still be complaining about inactivity. It hasn't helped with shareholder confidence at all in my opinion.

Maybe that deal that was in advanced negotiations has ended without a workable outcome.
With the HE1 3 month drilling programme & stepped results, Scir can actually afford to just sit on its laurels, spend zero capex & just collect a return whilst also gaining SP appreciation.

I'd rather Scir not do deal than doing a crappy one out of shareholder duress.
An update would be nice but if they have nothing to update the market on then.... *shrugs*

A calmer energy on here today. Its evident how choosing to not engage with trigger posts can do that.
2 weeks is not long to wait at all. It feels like this well has taken a year to drill. This is a pivotal moment, a " rounding of a corner" in which I hope, this company will have "emerged from the flames.
Still 18months or so from a possible breakeven in my opinion but I'll take pigeon step progress over no progress.

Unusual format to provide incremental drilling updates; companies normally.go radio silent during drilling.
I do prefer having regular updates as it stops speculation. I think its also good that Eytan recognises that CEG needs provide reassurance to rebuild shareholder trust & confidence.

Yeah it would be nice to get spud news. DM appears extremely confident of success. I am questioning the trap seal being as Helium is bubbling to surface. But being as there are a few folds it may not be of great concern.

mrc I am just voicing my observations & have no company opinion beef with anyone. I also have no desire to start one with you.

Bo I assumed that Bizzell joined the BOD to protect his companies investment & to make sure it got a return & was definitely terms of the financial agreement.
As for new CEO's holdings. It doesn't concern me.

Its one thing to continue to disagree with stock opinion or sentiment. This appears more personal to me.

Which is followed up by a similar reply by mrc. Have you guys dated the same girl or played in rival Sunday league teams or something?
I haven't been here that long and I'm guessing I have missed the back story which details the dynamic.