Member Info for ShouldveSold

I wish I knew what this was in response to.

I don't know how long it would take to plan, dig a mine, build a processing plant etc...

Maybe in 5 years time when Amitsoq is producing commercial graphite.
By that time, Elon may have developed a new battery which uses lemon juice, baking soda & pigeon poop.

Anglesey ok.
Rather than me rewatching the video to reinterpret what GF did say or what maybe inferring. I am just going to wait for the RNS which details the listing as opposed to speculating what it could all mean.

GF did say "majority holding". So depending on how much of the company is listed & how many other parties/institutions are involved from the start. A Majority could be 29% & upwards.

xcoder I have just realised you & BlueH were specifically talking about the Listco holding & my reply was talking in general. Apologies for any confusion.

Blue-horseshoe to me a significant shareholding could be as low as 5% depending on the mcap.
Majority I would see as controlling vote position.

Elir I don't think its time for panic stations just yet. We as shareholders have no idea or any details on how this new company or transaction will look like.

Being as it is shareholder investments which has funded Alba, its growth & asset/licence acquisitions, I find it impossible to fathom that existing shareholders wouldn't benefit from this new venture.

Whether existing shareholders will get an equity stake &/or an open offer to subscribe for say; 1 Listco share per ever 100 Alba shares, we don't know yet. But its what I am expecting.

I have no interest in investing in the Greenland Listco as asset maturity is years away. But if I get a chance to subscribe to new shares & can profit from riding the IPO & cashing out. That's exactly what I will do.
I am still not going to invest heavily into Alba until they get a commercial production licence & or permissions to reopen the mine/s.

What are we gonna do? Lead a shareholder revolt & get Mourinho in?
I think everyone is exasperated and just wants the company to do something, anything.
If they don't do anything, we'll its not as if we aren't used to that.

Well I voted for Solo to increase its HE1 stake but the collective vote was "No More Spending NR " !!!!
And at the time, I think it was the best decision because he was spending money like it was going out of style buying non cash generative assets.
But what's does is done. Turns out NR got one decision right. And Scir might have a nice little earner on the side. If it doesn't, we've got our investment so it doesn't really matter.
I think you need to be held down & tickled mate. Stop worrying about mates rates & them all sitting on each others boards. There are more important things going on in this world than Scir investment strategy.

NR would be turing in his *casket filled with free shares.
Always looking at the worst case scenario mrc.
Its just the opinion I have which is not backed up by fact so isn't up for being proved correct or incorrect. You and anyone else are free to disagree with my opinion.

I don't see Scir's decision making on the remaining HE1 as making or breaking the company. It will still be in business post HE1 results. It may have to adjust its investment strategy going forward & it has until Q2 2022 to do a gofundme for Ruvuma costs. But I'll donate that £20 I've saved for the sub 1p SP dip
:)

*NR may still be alive & well living in Alaska*

So with the next 6 weeks, Scir will either be in a better position financially; based on a good HE1 well result. Or it will pretty much be where it is right now based on a non commercial result. With £2M already banked & the HE1 investment sitting at breakeven.
Being as the market values SCIR somewhere between .8p - 1.25p, it can only lose the £2M of potential cash that it didn't invest.
Unless Scir was in a dire financial position & debts needed to be settled by July. I don't agree that Scir should completely liquidate their HE1 holding & options.

This week HE1 indicated that the seismic they shot increases the potential of the project. If you were an investor, one would probably increase the HE1 position.
Of course it could just be empty structures underground and all that Helium could of been leaking away for the past 100years.
But this is the sector that Scir has been in since its inception. The play has been de-risked. This is a free roulette spin for Scir.
Whats the worst that could happen?

Yes HE1 drill results.
Do you think that Scir will be in a better financial position, with an increase capacity to raise cash via a placing or borrowing on positive drill results?

Interesting. So a limited ability to raise cash and how do you see Scir's ability to borrow?
We can't be too far away from full year figures. Which should be released before HE1 drill results.
On a good result, would your opinion change?

Cperkin this is the cross road Scir has always been waiting at. The only thing that has changed in the Zubairs decided to snatch this up.
I would assume any deal or sale would have to come at the approval & agreement with both ARA & AEX.
Being as the lions share is already owned by ARA it may not be as attractive to companies who are of a relevant size and capital that would be interested in doing business in African. Hence why a purchase offer has never been submitted.

The above is of course just my opinion & interpretation.

mrc are you of the understanding that Scir can no longer seeking funding from share placings to raise capital?

From my understanding; first gas from Ruvuma is expected in 2024. Infrastructure for Ruvuma is expected to be able to supply gas in 2025.
If a company was to purchase the 25% or even 12.5% of Ruvuma £20m or £10m respectively. They would have to meet their % cost of drilling & have to wait till 2025 to start to generate a return.
Why not just wait till 2025 to purchase. Even if its at a higher price; with cash generation being immediate?

Why tie up capital & a further neeed for investment for 4 years with no return?  I am sure there are plenty of assets that can be bought for £10-20m that are turnkey.

This is inching closer to sub 1p. With the 4-6weeks of drilling ahead, I am confident the SP I will drop another 10%. I have a £20 note which is burning a hole in my pocket.
I am expecting a nice gap up on positive HE1 drill results. It will be interesting to see whether a good drill result will push this & sustain it past 2.4p.
With a bad drill results I am expecting this to fall to .8p
Will a business deal or acquisition come within that time? Who knows. Tune in tomorrow, same Scir time, same Scir channel.

Lots of talk & predictions about the success/failure of/on S2 based on S1 results.

Rather than rehashing S1 data, I am just going to wait for the actual well results to determine how successful the well is & base an outlook on that.
S1 was the exploration well.

The lowest point in the 6month chart is. 24p. I am going to wait to see if it falls through that. If it doesn't, I may buy £25 worth.