Scirocco Energy Share Discussion Threads

[c31161] 30/6/2022 11:27

Does anyone think the Zubairs could come with a counter offer maybe 20m upfront in cash

[raisethestake1] 29/6/2022 22:58

The company is better off without the board

[barony] 29/6/2022 15:20

Big drop. Some large holders selling due disappointment with vote outcome?
Personally think company is better off without Ruvuma commitment.

[dave4545] 29/6/2022 15:19

firesale in progress

[cperkin] 29/6/2022 09:06

Good luck today, message from BD

However the vote goes today, it’s imperative that shareholders get answers to issues such as “where has all the money gone” . Please ensure you keep an eye out for emails sent to you by [e-mail]

I have nearly enough letters of authority to

A/ call an EGM
B/ insist on an independent count of the votes with regards to the resolutions being voted on today
C/demand that Scirocco’s accounts be analysed by an independent accountant

If you are a holder and not emailed be yet, please do so immediately

[raisethestake1] 22/6/2022 15:40

Enough percentage received to call an EGM and dump this board once and for all.
Register you "No" vote with your broker now to put a stop to the boards antics.

[medusala] 20/6/2022 17:19

Rule 15?????6 months Ok anyone got any idea who will provide new deal for an RTO?

[knightrider69] 20/6/2022 17:14

How much coin will those gneiss suckers siphon out of this sale? They just keep on suck suckin

[soggy1] 17/6/2022 09:54

Sell or dilute....the board will eat cake. You can bet on that.

[cperkin] 15/6/2022 16:07

Post from BD on LSE

This mail has been sent to around 150 previous Solo Oil holders. The group was set up a few years back, so anyone not on it, please feel free to reply to the following [e-mail]

Dear Scirocco Shareholders

Re- The Sale of Ruvuma

I am contacting you as you may still hold shares in Scirocco, previously known as Solo Oil. On Monday, the Board announced that Ruvuma, our Tanzanian Asset, was to be sold to Wentworth for US$16 million. Over the last 10 plus years Solo, now Scirocco have invested approximately $25 million in Tanzania and the asset was due to produce its first revenue in approximately 2 years time, which would have been substantial. The sale to Wentworth is far less than the asset is worth and the monies also will be payable to Scirocco over many years, if at all. In essence, the deal is an awful one and the only beneficiaries are likely to be Wentworth and the Board, who will no doubt siphon the money off in salaries in the coming years.

The only way to stop this, is to vote against the deal and then we can work on removing this shocking Board of Directors and replacing them with a Board that has its shareholders interests at heart.

I would like to keep a record of votes cast and therefore would appreciate it if you could email me back with the amount of shares held and how you voted.

Any questions, please feel free to come back to me.

Regards

Simon ( BigDouble)
On behalf of Scirocco Shareholders

[dave4545] 14/6/2022 09:36

NAV over 5 times the current valuation.

Minus any debts of course but they look to be small.

What a crazy market

[tomboyb] 14/6/2022 08:32

Lets see if peeps buy -

Or they get bored -

[dave4545] 13/6/2022 16:01

Good news for me though. I have been taking the online max at 0.45p.

When I read the news at 7am I though this would be 1.2p

What a crazy market

[barony] 13/6/2022 13:52

Ridiculous share price reaction!

[barony] 13/6/2022 12:26

Our 1% holding in HE1 is currently worth about £600k. I look forward to the Investor Meet Company session this week.

[barony] 13/6/2022 12:20

Sorry guys! advfn has a stutter!

[barony] 13/6/2022 12:14

Excellent move. We are now valued at our cash in bank,(soon to be in bank), without counting our digester income. I look forward to this completing and the management delivering new projects in line with our strategy. Shouldn’t take much to make us profitable and dividend generating as that is where we are heading.

[barony] 13/6/2022 12:13

Excellent move. We are now valued at our cash in bank,(soon to be in bank), without counting our digester income. I look forward to this completing and the management delivering new projects in line with our strategy. Shouldn’t take much to make us profitable and dividend generating as that is where we are heading.

[barony] 13/6/2022 12:13

Excellent move. We are now valued at our cash in bank,(soon to be in bank), without counting our digester income. I look forward to this completing and the management delivering new projects in line with our strategy. Shouldn’t take much to make us profitable and dividend generating as that is where we are heading.

[barony] 13/6/2022 12:13

Excellent move. We are now valued at our cash in bank,(soon to be in bank), without counting our digester income. I look forward to this completing and the management delivering new projects in line with our strategy. Shouldn’t take much to make us profitable and dividend generating as that is where we are heading.

[barony] 13/6/2022 11:50

Excellent move. We are now valued at our cash in bank,(soon to be in bank), without counting our digester income. I look forward to this completing and the management delivering new projects in line with our strategy. Shouldn’t take much to make us profitable and dividend generating as that is where we are heading.