Member Info for ShouldveSold

"Welcoming new investors & pitching to potential investors".....

Starchild can you see why the accusations towards you continue to stack?

At the time I posted that, the sentiment on the BB was mostly negative.

I don't want to read into anything that's not there. However when GF uses the word "Transaction" towards the end of the video. I don't know whether to interpret that as a deal is already in the works which required this annex. Or whether he is just talking about the transaction in listing the new company.
He is talking about a mcap valuation in the £50-90M range. I don't know how much a state of the art Graphite processing plant would cost to build to process the kind of volumes that Amitsoq evidently contains.

I have googled GraphiteOneInc costs.

Graphite Creek Mine

$  43M

Processing Plant

$158M

Infrastructure

$  32M

          Sub-total Graphite Creek

$233M

Manufacturing Plant

$130M

Project Total
$363M

This will give everyone some idea of just how much investment would be required to mature the Greenland assets.

MPO818
ALBA doesn't have permissions to produce commercial quantities of gold, even if its staring them in the face. They are only allowed to explore. That means the can crush the waste rocks gained from exposing the veins (which wouldn't contain much gold) & re-wash the rocks that have already been crushed & washed to collect any fine gold that was missed by inefficient mining.
Being as they have listed income from operations at £0, that would mean its very little. Probably not even enough to pay for the diesel used by the generators in site to light the mine.

Mr008 I don't think you have understood the RNS or supporting video.

The market didn't like that RNS all, nor did LTHs.
Personally I don't see it as the fundamental or times scales have changed. The only thing that RNS has done is confirm the time & investment needed to mature Greenland.
Alba has decided on a JV or sale, which makes sense. It requires a mining major to develop it. Separating it from Alba allows for a that proces to be expedited.
Being as they will try to maintain a significant holding to any JV, any deal or sale will generate revenue. It is years away from producing anything so this move makes sense to me as Alba would never have be able to do the work require or been able to fund it.

As for the Gold, its another 6 months of exploration and cash burn with zero income & undisclosed income from sampling sales.

The fundamentals of Alba hasn't changed for me. Its still a punt worth of maybe £50 a month to me. I don't see the SP increasing through operational value for another 6 months.
If a quick sale or JV for the newly created Greenland company transpires, that will certainly provide capital, but not change the ability to generate cash.

Ultimately GF sees the future of Alba with Gold mining, not graphite mining. If you disagree you can buy shares in the graphite company, which makes sense. He is giving investors the option to invest separately.
Sounds like there is more gold in the ground that has been previously extracted so he is deciding to stick with the no brainer.
I have to say that I agree with the decisions in the RNS and support them.
I am not happy about having to endure another 6 months of exploration. This was always a long term investment. Its just turned into a longer term investment. But it gives me more time to accumulate shares without feeling like I'm going to miss buying in sub .30p. Its going to be here for a while.

mrc from memory I think I have been a shareholder for 14 years lol. I have only been using this site for about 6months though.  Also there hasn't been much to talk about because the company hasn't done anything worth mentioning. That seems to be changing.
I've lost count of the BOD changes but cannot focus on what they did or didn't do.

As each year passes, the assets get closer to maturity so I don't see it as something to continue to look down at.
Scir now has 2 assets which at last look promising. Rather than focus on the bad, I am choosing to look at what could actually give me an exit point.

mrc none of us have any control over those things you have listed. We don't know what the BOD do in the day to day running of the company. Being as we are not given the chance to shareholder vote on the day to day running, one has to trust that the BOD are making the best decisions for the business.
Being as I am choosing to stay locked in as its not worth realising the paper loss and making the decision to not invest any more money. I have just accepted I got on a bus which had the wrong destination on the front and there is nothing I can do about it, I either get off in no man's land or I sit back and try to enjoy the view.

I am certainly not trying to say your sentiment or opinion isn't warranted, it is justifed. I just can't sit continue to complain about the crap situation.

BDS I don't recall anyone every saying the company has been great, quite the opposite. I am not concerned about what other investors do or warning potential investors off.
This is still in my bottom drawer where it will remain until I either breakeven or make a return. If that never happens, I have already accepted it.
If that means in 2025 I am still sitting on a loss, I won't be any more despondent than I was 4 weeks ago.

I'm pretty certain Solo/Scir has never been classed as an Energy E&P company.
Its only ever been an investment company. And it has done exactly that, made investments.
As for the current BOD being all over the place, that's your perspective which I don't share.
I can't speak on what they valued HE1 at any given time. I also spend as little time as I can worrying about things I cannot change.

I am sitting on a 90% paper loss. No matter what the company does, its can only get 10% worse from here & my holding will reach £0.
The worst had already happened. They can invest in paper planes made from recycled paper if it generates income as far as I'm concerned.
They've got an experienced board who have the ability to turn this company around, or they won't. I'm not hold them accountable for NR's decisions. If they make bad decisions which devalue the company then I will judge them on that.
The free HE1 carry may still generate a 7 bagger.

mrc in the words of the Joker "why so serious"?
So Scir have broken even & now have a free carry on HE1. Even if HE1's results are garbage, Scir are ok.

Gambling & Oil/Gas explorations go together wouldn't you agree?

Not to try and speak for the company or defend it, but they are trying to diversify away from fossil fuels.
From what I can see & read they are trying to do what is necessary to actually turn this company into something, but you think it all stinks.
I don't know how to cheer you up buddy..
:(

mrc other than the 8months or so that KN1 was producing an income, I don't think Solo/Scir has ever generated more cash, over its entire existence than it has done in the past 4 weeks. I am open to being corrected on this.
They have an asset which has provided a return & may still provide a little more if they continue to hold post HE1 successful drill results. Which could, as you question; fund CH1 & new assets.

I think Solo can be classed as one of the worst performaning stocks on the AIM of the past 10 years. I would of made more money burning £20 notes to keep warm Pablo Escobar style.

That being said, the current BOD have just made the company £2M & are trying to buy into projects that will generate immediate return. Not the old NR style of angel investing seed money. Evidently they have recognised that operating in Tanz is NOT the way to profitability.
I have chosen to look at this as Scir is literally starting from square one and is using its current assets as capital, rather than Shareholder funding.
Deals take awhile to sort. Have they had enough time? YES.
But just because a deal hasn't been announced yet, I am not taking the view that a deal or deals will never be done.
I think you need the bosom of a good women to put some rosiness into your cheeks mate.
Chin up buddy.

:)
Lol I think this still belongs in the bottom drawer but Scir is in a better position than it has been for years.
When you look at the current BOD experience it's hard "for me anyway" to see the company not progressing.
And they have actually generated £2M income 2021 so far. I think the change is coming.

I'm not expecting miracles but my confidence in the stock is growing.

Joel apologies. I interpreted your "question marks and the need for answers" as questions.

I am more optimistic right now than I have been on Scir for the past 5 years. Not because I think I now going to make a profit but the fact the company is trying to diversity away from Africa. I still think we are going to have to wait another 4-5 years to break even on Ruvuma.
If it starts selling rocks on Brighton beach & it generates income, I'll support it.

Joel I think you are looking for answers from this BB when you should be emailing your concerns to the company secretary.
The only thing you may find here is solidarity.

I 'd like to think that most LTH's have begrudgingly swallowed the bitter pills administered by NR and we have all been locked in whilst the Tanz Gov twiddle their thumbs.
We are all frustrated & rightly so. The monetizing deal we were all hoping for just never came & asset maturity has just kept on being pushed back & back. I don't think any of us factored that into our investment decision.
If KN1 was in constant production since 2016 this wouldn't be the case. We may have all been at a breakeven ROI by now.

I see it as any setback lays at the feet of inaction on the Tanz Gov, not through inaction by Scir. Aex are now in the back seat of ARA'S vehicle, as are we.
In my opinion the quicker Scir exits African completely, the better. Its not a great place to do business if you are a tiny company with no leverage.

I can see similar problems that HE1 will face with asset maturity with regulatory delays from the Gov.

More cash for capex & opex. Double thumbs up from me.
A bird in hand is worth 2 in the bush.

I now have to revise my "HE1 could go to the moon & take Scir with it" statement.
I'd rather Scir grow organically as a company with its own assets, rather than just being valued on its holding in HE1.

Whether the reduction in holdings was just locking in profit or it was strategic to fund a deal, to cover 2021 opex or drill project funding. Scir has decided to not wait the 6 weeks for the HE1 drill results.
One can read into that what one will.

Elir, who is Rhys?

Yanis, does that answer your question?

Ocelot I believe that question is for you..lol

No but its nice to have a daily reminder on the spot gold price to rub some salt in the wound lol