Member Info for vike1

Thanks. He's probably right unless we can pull off a miracle and settle the KN1 tax dispute and get paid what TPDC owes us.

Another reference to AEX in his private blog. He’s referenced us a lot lately, which is odd considering the lack of news flow. Anyone know what he’s saying?

With link to one of many stories lately that refers to fertilizer plant:

https://www.africanexponent.com/post/8410-what-magufulis-legacy-means-for-hassans-future

We've been hearing for weeks the govt's intention to prioritize LNG plant development. What should really get domestic gas producers excited though is the re-focus on building its $1.9bn fertilizer plant, which consumes epic amounts of gas.

Domestic gas demand for household consumption is slow and unexciting. Fertilizers, EA regional gas distribution, and further industrial use is the driver, and should align pretty well when we start producing in 2024.

It's total bunk. There's no FFD prepared yet. None of us know what the plan is. Zubairs can enjoy that luxury, SCIR can't.

I've not seen the term 'EPS' used since the JB/Ritson days and wouldn't bet on it here. Zubair Co doesn't need to rush anything.

They need to cut a cheque for $5MM in next 12 months just for 3D + drill. Then find another $35MM to get to production in 3-4 years from now. Existing shareholders would be diluted to the point of extinction to get there.

Hi CP, I disagree. I've not seen anything that shows they have the funding. He1 is a block holding that isn't easily sold. They would likely need to sell to another institution to get a fair price. We've not seen their Balance Sheet lately, and 'maybe' have $2m cash. The loan option is an abomination at the coversion price we'd pay and is more of a backstop to insolvency rather than a legit funding source.

If mgmt have stated they have funding in place, they're bluffing. The idea of SCIR paying its way to Ruvuma production is inconceivable

All in all, it would be a massive risk to wait. Plus, no progress towards their stated strategy in the 'green' energy space

No sale until Ruvuma licence extended, which should come later this month I hope. IMO a sale could get announced soon thereafter.

Unftly SCIR has no means to pay for an expensive seismic + drill campaign. And even if they did (cash + HE1), the only buyer in town may still be Zubair, which may not want to pay much more, regardless of success. In 18 months time, SCIR would then have less than $0 in their accounts despite a more valuable asset. If a deal was then struck, they'd have to wait for TZ to actually approve the sale (which they don't always do) and could take ages. SCIR = dead duck in this scenario.

The market just hates this stock. No matter what our other assets are doing, there’s pure disdain.

May be a stretch but the mega-project could help reset foreign investor interest in the country. Magufuli, RIP, was bad for business.

Anyone follow his private blog? Says he has a write up on us.

Interesting comment in the WH Ireland report:

"It is envisaged that as part of the larger 3D seismic program, most of the Kiliwani North development licence will covered by 3D seismic."

Great that they are wrapping Kiliwani into seismic activity, as we hoped.

I think SCIR's strategy is clear enough, it's the lack of execution that hampers them. 1. sell all TZ assets at their bottom, 2. reinvest funds into for bubble-priced 'green' technologies that may/may not generate CF in future. Loads of transaction costs coming for them, most of which will line Gneiss' pockets.

Amazed to see the sp go up a touch without the requisite Price Monitoring Extension or two. Perhaps MMs are realizing this share can go 'up' too.

I would be p!seed beyond belief of it was a takeover. Only s/t traders win in that scenario. I still think it’s a false dawn, but 143m trade volume is notable!

Up 50% for the week. From a very low base, but as they say, it’s better than a kick in the head!

Hope not, bc that same guy is gonna dump again once the fools follow him and we'll be back to ground zero.

This bl**dy share. I no longer get my hopes up about a leak, or +ive newsflow coming, but 115 million traded volume is pretty significant and weird if there's nothing to it. Other than herd mentality i suppose.

8.5 million in a single trade? Not an easy one to fill! That can be broken up. But still, welcome to the family!