George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Neil, its quite ironic how you leave the same bad taste everywhere you post, also ironic that you call me a ramper ( as you are now on Enq, after trying to talk it down to 13p ( known on the board as " the troll who turned"
I have no problem with posts that differ to mine ( but I won't stand by and watch my investment be deramped by a troll with a obvious agenda,
The fact our paths have crossed on other boards is no more than coincidence ( one only has to look at the amount of negative posts you have done on Tlw, getting great pleasure from the attention with little concern for the investors who are hurting while having to read your tripe, you are one sad individual who is full of his own importance ( since joining lse in 2013 I have never used the filter but I make a exemption for you ( into the troll cage)
Well I find it comforting to invest in a company with a vision ( you stay within your chains of myopia Neil.
I'm with you on that AA, for the first time in our history, a sustained upside for more than a day gave us a positive trend and sentiment. BOD have let us down recently, which is a pity, as the delay will raise suspicion that it is just hope and we are going back to the good old days of jam tomorrow.
Normal Guy,
I hear what you say, if you are talking about the long term history but I was referring to the last year and half since this bod have taken the helm, they talk of being on the cusp of transformation and becoming a mid cap company within the next two years, I'm hoping its going to happen but nothing is certain as you know.
AA, one could hardly accuse a SOLOW investor of being a gambler getting "instant gratification" lmfao.
Really? HH and IOW? In real terms when all the running costs etc where taken into account? Maybe you are right.
You get a lot of backseat drivers on these BB Kejoglo, some who fantasize and speculate wildly both ways and others who post so vehemently on a subject they appear to know nothing about.
PS I do believe the company made money on it's old model when it sold HH and the IOW assets, but not very relevant to the new boards vision anyway.
0p
Southerhay, We are all waiting on revised negotiations for the current One Dyas deal to conclude. It is classed as an RTO due to it's size and value and hence the suspension.
It may or may not complete.
Just thought it was interesting and shows how people invest for different reasons AA :) Can't disagree with the waiting though, the NT-3 drill now C1 was expected back to back on NT2 back in June 2017.
Hi Chris, I remember you saying that ( I'm not knocking Ruvuma when it eventually comes it will be a great asset hence my investment with Aex.
Hi AA, ironically I invested for Ruvuma and anything else the bod deliver such as a producing asset is the bonus for me :)
Good morning,
I've not been keeping an eye on Solo for a while - would anyone care to give me a very brief summary of where we are and why we're suspended from trading please ? Cheers
Kej, we have been given a reason for the delay ( so it's not nothingness as you describe,
Unfortunately we live in a age of instant gratification and things like this take time ( this was the reason for suspension in the first place )
Caddy, ( not Caddt
If you check my histoty you will see that I have been here since 2018 shortly after this bod took over,
I have also been one of the few here to meet and speak to them, my reason for buying was solely based on this bod and the plans they have for taking solo/ Scir forward,
The deals left from Ritsons reign ( Ruvuma & Helium are a added bonus,
Its the easiest thing in the world to keep bashing them but it serves no purpose and gets boring after a while.
The problem is, opp03ite, that having the majority if not all the shareholders in a state of near ignorance would also be a very good ploy if you were indeed doing sweet FA and getting paid very nicely for it thank you very much. Now this is a (not that new anymore) new BOD and although the details have changed the reality has not. Hence the "normal frustrated reaction for something you are not aware of and or don't understand." - is one way of describing the ongoing nothingness that we ALL have here - does anyone actually want that? If this share was not suspended it would be doing what it has done for at least three years, stagnating with a vague and ever rolling onwards one or three month "delivery of something" time and slowly dropping with quicker drops and little rises every now and then. Shareholders slowly lose and eventually will lose a lot more if a dilution is required, board gets paid, "consultants" get paid, other third parties either get paid or start circling looking for easy pickings at the death. Now whilst my synopsis of doom may not actually end up happening (and I hope it does not as I am a shareholder here again) I defy anyone to say that for the last three years this has not been the case - old BOD and new - and that apart from "hoping" rather than expecting or having any confidence in we are most likely looking at much the same. The last RNS seemed to me to be preparing us for it. Solo's original stated aim was to buy assets, add value and then sell for a profit. The first it has done with your money the second bit is debatable because the third bit has NEVER come close to happening!
Just hope they do as it would seem they could be out of their depth.
A normal frustrated reaction for something you are not aware of and or don't understand.
0p
"Just what do these guys do everyday to fill in their time". A= Have a laugh reading the experts on LSE Solo speculating that this "might, may, possible, if, could happen........and then draw their hard earned cash for the week. Must get quite boring in the office, a bit like groundhog day.
AA you say we are a couple of months overdue. You have only been here a few months i feel. Most things are a couple of years behind or have been cancelled altoghether. Steve I had almost forgotten the promise of a good dividend for the lth. Another false promise that has not materialised. I started a thread called groundhog day a couple of years ago and we are still there. Just what do these guys do everyday to fill in thier time apart from produce a very pretty presentation every now and then to attract a few more mugs. The change of name is hopefully to hide all the crap that has gone on under the guise of Solo. Just who would buy Solo shares when they have gone down over 90%. Rant over.
They have been very clear at least steve, the deal may or may not happen. The wait is way longer than any of us expected and very frustrating and the same for the Tanzanian assets although for political reasons.
I completely disagree with you on Ruvuma, as it is likely to be a very major part of the Boards 20000 boepd target. The current published numbers = 24,878,082 boepd gross or over 6,000 boepd to solo. I believe this can be exceeded considerably if the gov complete the Uganda and Kenya gas export pipeline as planned ad the 1Billion cubic feet per day demand and account for half or more of that target.
All depends on that licence to green light the project.
I sure hope they aren’t just spending these months and months trying to agree one deal that may still not happen. If it does not happen imo all confidence in the board will evaporate.
Our portfolio has been in place for over three years and still derives no income.
The Ruvuma saga goes on and on. Just how much patience will the aminex investor have.
September 2017 is two and a half years ago. Our board must be be losing theirs, We have millions tied up in Ruvuma. IMO the board will get out as soon as they can. A special dividend as promised a few years ago would be appreciated.
I am very surprised that other than the recent Rns saying that negotiations are continuing we have heard nothing. Not even about any smaller deals. At the current rate of progress can anybody see their promised daily output being anywhere close to their envisaged figure.
I hope the deal happens but I think I am in the majority to say that I am very disappointed in the progress the company is making at the moment. Our cash reserves must be going down. Salaries and all the fees involved in the deal making still have to be paid.
We are a couple of months overdue, not exactly end of the world, things take time and need to be right from the start, they can still do smaller deals ( they said they where looking at other deals that compliment the portfolio,
I know they have to get it right in the interest of the shareholders.
Almost a year since strategy announced. Certainly doesn't impress me at the moment.
Maybe the board should have gone for more smaller deals. At least we wouldn't have been suspended and had a stream of I come albeit smaller.
Jiff, I noticed that to, also noticed the troll is back, two good signs.