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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Solo Oil Share Chat (SOLO)



Share Price: 2.25Bid: 2.20Ask: 2.30Change: -0.025 (-1.10%)Faller - Solo Oil
Spread: 0.10Spread as %: 4.55%Open: 2.275High: 2.30Low: 2.20Yesterday’s Close: 2.275


Share Discussion for Solo Oil


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willowpillow
Posts: 3,074
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 21:50
Ukog’s Shares are liquid because people want to buy and sell them, solo’s are illiquid because nobody is interested.... yet
 
willowpillow
Posts: 3,074
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 21:49
I suppose if you are correct then will be receiving an rns stating solo oil’s remaining holding in ukog!!! If they are selling then I would expect one this week or next at the latest.
TheMadStork
Posts: 2,395
Premium Chat Member
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 21:39
They took shares instead of cash for their HH stake because UKOG don't have any cash and their shares are liquid. SOLO are liquidating their shares in order to realise their profit on the HH investment and provide funds for the main focus of their portfolio. It makes absolute and total sense.

They are selling an overvalued asset to spend on an undervalued one.
willowpillow
Posts: 3,074
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 21:35
Ukog will be bust haha and yet solo have bought over 200 million shares in them lol you wolly
TheMadStork
Posts: 2,395
Premium Chat Member
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 21:32
It makes absolutely perfect sense to sell now; they are making 50% profit on their investment in HH.

In a few years time UKOG will be bust or diluted to nothing.
cperkin
Posts: 14,857
Premium Chat Member
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 20:46
Depends on the risk/reward willow. No idea it they are selling but if they did flip them and make an additional £ half a million on the 45% already made, thats good profit for a few weeks.

Regardless the main asset is Ruvuma and the Aminex/Omani Farm out deal is due to conclude Q4 and the C-1 drill will not be far behind, targeting thicker sands and that Oil target.
willowpillow
Posts: 3,074
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 19:38
I though solo was on the move for a minute haha
willowpillow
Posts: 3,074
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 18:43
So what’s the plan then? Sell all of the shares for 2p and make hardly any profit? Why would they sell now before the main event? Makes for a pretty poor investment considering what it could potentially be worth in a few years time?
tradedesk
Posts: 6,391
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 18:40
Over £1m traded in UKOG just today so plenty volume to sell into. I'm as sure as can be SOLO are well underway to liquidating there UKOG position. Take one look at UKOG trades over last few sessions you'll see repeated 1 & 2m clips for starters, a 5m also on Friday. Then look at there share register theres no other ii just nominee accounts. I don't believe a single pi has that much ammo. It's solo, the timing and stated strategy all fits imho.
willowpillow
Posts: 3,074
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 17:12
Cant be sure they are selling the shares but I have to admit they won’t hold them for long, they will need some volume to sell into and we haven’t had that yet in ukog. Unless they were being forward sold
tradedesk
Posts: 6,391
Opinion:No Opinion
Price:2.25
RE: burningdown1side
Today 16:58
Excuse the typos, fat fingers!
tradedesk
Posts: 6,391
Opinion:No Opinion
Price:2.25
RE: Still confident
Today 16:57
Its game on as i believe they are liquidating there position in UKOG as we speak. Anything over 1.92 in UKOG is a win win for SOLO
tradedesk
Posts: 6,391
Opinion:No Opinion
Price:2.25
RE: burningdown1side
Today 16:55
Indeed no use looking to the past as this is a complete new board. They have taken some swift but essential steps to make this investable again i.e the death spiral financing & debt has been removed. The recent HH deal is a great big of business as they can now liquidate that position and move on core asset & CH-1 with a big loot.
cperkin
Posts: 14,857
Premium Chat Member
Opinion:No Opinion
Price:2.30
RE: Still confident
Today 16:54
Not sure you can draw that conclusion willow, not saying that is not the case but the objective was to have a liquid asset and make a profit on the £4.5 million purchase. Any sale over that 1.92p purchase price is a profit on top of the 45% already achieved.
willowpillow
Posts: 3,074
Opinion:No Opinion
Price:2.25
Still confident
Today 16:49
In the reasoning behind the sale of our hh assett to swap for shares! Tells me they are expecting good news from the kimmeridge layers. If the kimmeridge doesn’t flow the shares will be worth less so they must be very confident. The market doesn’t like it currently though and solo is still massively undervalued because of it.
tradedesk
Posts: 6,391
Opinion:No Opinion
Price:2.25
RE: 234,042,221 UKOG shares
Today 16:48
Worth monitoring UKOG trades, been some hefty sell trades going through over the last few sessions over there. No one other than SOLO with that kind of ammo + timing fits. They are liquidating as per strategy.
cperkin
Posts: 14,857
Premium Chat Member
Opinion:No Opinion
Price:2.25
234,042,221 UKOG shares
Today 16:22
Not heard anything on these yet, I wonder If/when they were transferred and if SOLO have converted any to cash yet?
Early_Bird
Posts: 6,513
Premium Chat Member
Opinion:No Opinion
Price:2.25
burningdown1side
Today 16:05
Ritson has gone, new management with new strategy putting in £265k of their own money at current SP last week.

not sure theyd be doing that unless they were very sure of big things to come ;)
burningdown1side
Posts: 645
Opinion:Sell
Price:2.25
Get out while you still can.
Today 16:01
How many more years are you guys going to keep giving the same excuses as to the total demise of this companies share price.
cperkin
Posts: 14,857
Premium Chat Member
Opinion:No Opinion
Price:2.25
RE: Strange
Today 15:58
Every cloud has a silver lining, if they can continue the little £30 to £60 sells for a few more days, I have so cash coming in and will be most grateful 😍
Early_Bird
Posts: 6,513
Premium Chat Member
Opinion:No Opinion
Price:2.25
RE: Strange
Today 15:06
funny really as every time they do it they just get matched with a much larger buy... just mugging themselves
Early_Bird
Posts: 6,513
Premium Chat Member
Opinion:No Opinion
Price:2.225
RE: Strange
Today 14:56
someone trying to manipulate the price and keep it down with these continuous tiny £10-£90 sell trades.. quite funny tbh
cperkin
Posts: 14,857
Premium Chat Member
Opinion:No Opinion
Price:2.25
Strange
Today 14:31
The MM's will again take a sale on dummy quote for many multiples of the market size, suggesting they want shares, yet the price continues to be supressed with little sell values of £20 to £50 Surely if they want shares they should move the Bid up to encourage them?
cperkin
Posts: 14,857
Premium Chat Member
Opinion:No Opinion
Price:2.25
All eyes on AEX for some updates
Today 13:19
They are expected to release their mid year fiscals, the Farmout circular and an update on phase-1 of the KN-1 remediation & gas flows, the 2nd and 3rd ones impacting here.

GL
share_talk
Posts: 3,252
Opinion:No Opinion
Price:2.275
Share Talk - Twitter
Sun 18:51
@Share_Talk Weekly Stock Market News 23rd September 2018

#UKOGoilbarrel #HH #THR #Bitcoin #RRR #RGM #PXOG #GGP #CLON #RED #DISH #OEX $ARV #PGM #UKOG #ANGS #EML #PHE #ECO #EQT #MKA #EME #LOGP #SDX #ADL #PVR #GBP #FTC #SOLO #WealdBasin + A Lot More

https://www.share-talk.com/share-news/share-talk-weekly-stock-market-news-23rd-september-2018/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare via @share_talk

https://twitter.com/Share_Talk/status/1043907814253637633




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