Member Info for Ssccss

It's strange that Roland seemed to think that syn sourcing the rig was a positive and showed syn doing something... It didn't seem to occur to him that it also highlighted Selans apathy. Roland needs to explain how syn will survive if Selan drag this out, otherwise no one will invest here.

If RM has supposedly made progress, then why the hell hasn't he communicated that to the market???

Agree, ppp just need to come clean now and let shareholders know what is going on. Cannot believe they can get away with this behaviour.

it is a ****show. he has managed to back himself into a corner. he might have to take a larger paycut if there's limited movement from selan. i do hope he is seriously considering how to keep syn afloat if selan keep dragging their heels.

What is with the continued silence from the company. Totally outrageous imo.

Shame Roland didn't mention which blue chip companies are interested.

*sooner.

agree ****nal

I'm impressed with the pay cut, maybe could have done it soon imo. At least Roland seems to be taking into consideration shareholder views.

Yeah, hiding behind that really doesn't reassure me... How will they ensure syn don't run out if money if they have zero control on the project timeline.

Thankful syn/Roland has finally made an effort to try to support the sp. Fingers crossed now that they find a funding partner for CCS and the new wells go ahead in July. Please to hear of the pay cut.

Plus Gordon is correct anyway.

Carrot, I think you are slightly confused. 0.1p, 0.022p...

Yes the warrants were at 0.1p but why does that mean they would want to offload them at 0.022p? Don't see the logic.

Thankful someone is buying lol

Honestly, I think Roland/andrew need to take a pay cut ASAP and show shareholders what they are doing to protect the company interests. Just waiting for Selan is not good enough. CCS needs to be scrapped ASAP to ensure the company has a chance at survival.

What price do you think a buy out would be at to be worth it to Selan?

Roland should have known this could happen. He should have either retained more control over ops or if that wasn't possible. He should have had some kind of clause in the JV to incentivise Selan to get a wriggle on. Syn are totally unprotected and hilariously Selan dragging their heels can weaken syn to the point where they can take the whole of cambay. Seems like Roland has royally ducked it up.

Well he's obviously done a horrible job of managing timelines/deadlines and funding. For someone with his reputation, I'm not sure he has added any value at all. I'm totally perplexed by the CCS project, is it just a smokescreen? Do they really believe it's a viable project? Does India really care about CCS? Will they care in 5 years? Syn seems to be flailing around without any strategy at the moment. Why has it taken Selan so bloody long?? How much longer can syn survive without income. The sp is being decimated. The mcap is miniscule. Surely a buyout coming??

It does seem there is consistent selling though... Bad sign.

*back up