Thinking about the near future activities for Solo, the next big issue for Solo to address is how to finance the other 6.5% of of Kikiwani North. Given that they got the first 6.5% for 3.5 million US$, how many shares do you guys think that they will need to issue to get this financed? Based on a share price of 0.5pence (0.7 dollar cent), this would amount to a share issue of almost half a billion shares.. Unfortunately I'm not joking, it adds up to ca. 454,500 shares to be more precise. What other options does Solo have?
Mick your intentions are not clear here. If you was a serious investor you would be seeking the benefits you can try to de ramp but the sp is up and I for one will be topping up as the video showed some great stuff. Dilution sometimes is necessary the buys yesterday were great SOLO will be bigger than UKOG today will be bigger. SOLO is slowly cropping up and appears regularly on one to buy and one to watch lists in a few sharer forums.
I'm sorry was I watching the same interview as mick??? I thought nr was bloody brilliant company looking strong/stable and heading in the right director. I thought he own word in the interview he said the company was in a very strong financial position ready to take any opportunity given to benefit the company??? And that was NOW without dilution, of course if it's something massive and in the benifit of the company, so dilution maybe need but if it increases the company's value of assets who cares???? Really!
I feel more secure than ever to be fair so your attempt to drive the share price down because your a hater is not working
NR stated that we were NOT over stretched financially and yes we would go to the market to purchase additional opportunities. That's what AIM companies do. You choose to select snippets of the interview that suit your views, your motive for this is unclear other than the fact you have chosen to sell at a loss and seem to be bitter towards Solo maybe due to this or you are now attempting to bring the share price down which is futile.
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