thank god we have tanz to pull us up. I saw today that ONCG of india are trying to bid for tullow. tullo declined but said they would sell them african assets. They want both onshore and offshore. We have both. Could get a bid soon.
I really am confused with this share....133 million buys vs 117 million sells yet down nearly 24%!!! Often I have seen buys outweigh sells yet price drops, especially recently! Can someone explain to a novice like me why this happens?
I still do have faith though and have been in for around 2 years and will continue to hold for now.
Allo Posh! Welcome to the madness that is the Solo Board. I think if I were ever put on an isolated island I would take the Solo Chat Board as my one thing - it is a source of endless amusement, speculation, insight, rudeness, humour blah blah blah! You will have seen a significant retrace today on poor news from HH, but also some very big buys which underlines the value that is being on Tanzania. A poster put on here or somewhere the other day that they had had an email from Ritson stating that Tanzania represented 90% of Solo's value - believe it or not, I reckon it probably isn't far off. You are best advised to look at the Aminex Board as they are a very knowledgable bunch in general and some (TipTop is the Ringmaster) provide regular reminders of what we are all waiting for in Tanzania. The biggies in the near to medium future are a revised CPR from Bernard Andre of Aminex on the assets contained with the Rovuma PSA, and Gas Sales Agreement on Kiliwani between Aminex and TPDC. The latter may cause a small boost, the former could be very very significant indeed. In addition Wentworth Resources are drilling very close to Ruvuma with Anadarko, and because they are drilling into the same geology as what we sit on in Ruvuma a successful drill there would firm up confidence on what we have to an extent. Many many oither little bits and pieces but these are the maoin ones. Aminex pulling the strings as Operator with 75% but they seem to have a capable team iun place. Enjoy the ride.........
here is NEWS can be negative as well as positive so coming from someone that has squandered the chance to bag 8k here twice on the spikes to a 6-7k paper loss is what sort of venture will Taz be as the feeling here is very positive but based on what ?
IMO gas is what is needed as a clean fuel, this I think is demonstrated by the collapse in the oil price and is why the news of oil at HH did no raise the price of the HH consortium members. We just need to sit back and wait for the Tanzanian fields to come good!, for us HH was never a make or break deal!
Hang on mate I agree I was ramping this and I have faith still in SOLO but I saw my losses getting bigger and new I had to stop them going further so I did. Now without sounding like a total ***** I am glad I did jump ship yesterday and you cant say I did wrong so pull your head back in. I have said I am not and will not knock SOLO and will be back soon but for now I had to stop the rot in my finance. Oh and if I ramped its because I did hope we were going to jump soon but I was wrong so sorry.
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