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Scirocco – More On That Stinking Ruvuma Disposal Deal

By Nigel Somerville, the Deputy Sheriff of AIM | Saturday 16 July 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I note that AIM-listed Scirocco Energy (SCIR) now sees its market capitalisation (according to ADVFN) down at just £2.3 million, having deteriorated from £3 million a few days ago. The reason appears to be two after-hours no-one-is-watching o’clock RNS announcements which were released at 6:10 pm on Tuesday and 5:09pm last night. They concern the Ruvuma disposal, which some shareholders are not very happy with.

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