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This is what really annoys me about business and finance. Many members of the bod completely fail but are in a position to reward themselves for their failures yet many of the work force perform heroically and get sod all for it. The world is very unfair. Just look at the banks and big insurance companies.
All said and done, good old NR has ****** up big time, same as with CERP as stated in my very first post. Shame it has taken so many years for our regulars/NR fans to see the light of day. Never earned a penny for sh but left with a very handsome sh donation. Reflection of modern times akin to Mrs Mayhem.
Not got much left in here so not too bothered. Just keeping a balance with those who have been promising millions, Billions and trillions over the years whilst absolutely nothing has been achieved at a great cost. I hope things change for everyone's sake but as I have said before imo this could either multi bag or go bust. Unfortunately history would suggest the latter. Do your own research and good luck. All I have said is opinion of what has gone on. Unfortunately I have been correct more times than most on here.
Caddy, are you really invested here?, because you have a strange investment strategy, keep criticising the company you chose to put your money in, oh but it wasn't your fault was it, you got talked into it by others.
I notice CORO are looking to dispose of their Italian gas assets. 4 producing sites.
I wonder if the bod are looking to spend their Reef proceeds on that?
Another alternative could be Angus Energy Brockham site, which is a distressed sale, perhaps three60 or NRG could help get the oil out of there rather than the mess Angus made.
I hope not as they won’t set the world alight but you never know.
They did say they were going to aim for assets in safer areas..
You must be one of the lucky ones Tom
I mustbe the only mug on this forum that is looking for £ 0.0815 to break even
I hope for all you that is the case
Reducing the liabilities has the same overall effect although if you borrow the cost of an asset in full the value of the company stays the same as the assets and liabilities both increase by the same amount. Only when the asset is providing income is the balance sheet value increasing by way of the profit increasing the reserves.
Not much use going on about it at the moment. Only when we have a producing asset that is earning real cash will everything fall into place.
In Solo's case they seem to have crashed the car so worthless now just hoping for a good payout on insurance????
Caddy1, there is something you can do, stop whinging and move on. There is no gun to your head
I imagine we have didly squat to buy anything apart from a new car each for the bod, unless there is yet another placement. They simply cannot keep doing this to shareholders. I was thinking the other day that if I bought a vintage car for £100,000 and got 9 others to invest in a £10,000 share each we would all have £10,000 worth of car. If I then suddenly, without asking them, put out another 100,000 ahares at 1p and bought them all myself there would be a total of 100,010 shares each worth just under £1 but I would have 100,001 of them, having spent £11,000. The car would be worth the same but I would own almost all of it. To a certain extent I feel that this has happened to me here. Every time they issue cheap placement shares to other people the value of my shares go down and it would appear that I cn do nothing about it.
Cash is still being spent on fees etc.
Interim results due by end of month.
It will be interesting to see how much is in the bank at 30th June if not now.
Seems any deal will be funded by way of a stake in the production income.
IMO a loan secured on the assets would be better for us letting us retain 100% of them instead of giving them a stake for next to nothing.
2.25p Thats simply the last placing price so I don't see why not and it would still be significantly below NAV anyway?
The structure of the deals with Three60 and NRG look interesting, a sign of the type of deals for producing assets the bod have promised to deliver?
https://www.proactiveinvestors.co.uk/companies/news/902451/solo-oil-teams-up-with-three60-and-nrg-to-cut-boost-operations-capacity-902451.html
being filled ;-)))
I don't understand what you are saying, a buy went thru yesterday for 1.85 and today @ 1.78, some buying pressure ( not massive but better than we have seen recently.
Lse seems frozen, a few decent trades not showing plus a tick up on the bid.
I will be quite happy with the 15p.
I know the feeling about 15p for me.
same here bro............. :()
All the best (High class call girls, and hard core rock :()
I know the feeling about 15p for me.
I hope a deal or deals are imminent. As for the licence anyone’s guess.
Painful and frustrating isn't it.
I am invested in both Solo & Aminex, but seriously starting to wonder what to do for the best. All LTH's have been incredibly patient for something to be delivered.
Good luck all.
Nothing wrong with being cautious Woody, first thing I did was hit the links in the RNS and check the BOD out. Solid track record and no links to NR and to be Frank a very different skill set.
https://nrgwellmanagement.com/about-us/
Its ok...i dont think it does...had a slight panic when i looked at it and noticed neil ritson on linked has a consultancy firm called NRG...panic over!
Can someone please tell me NRG isnt Neil Ritson Global Consultants...that has to be the biggest **** take yet!!! Does anyone actually know anything about this NRG...
I was well aware of Malcey and his belief in panr also amer, both he had great faith in and both failed to perform, it's good to have him on your side but ultimately if the company doesn't do the business no amount of publicity will help, but to boldly make a statement about where solo's share price will be in the coming weeks is finger in the wind, we will see.