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Supposedly because I am a bitter former director (not sure why Dan Maling would be bitter…as I understand it he did rather well out of SOLO and it’s long suffering shareholders?)
mrc - simple question - why are you here?
Joel - 100% agree about the cash. If they get $20 million they should return it all to shareholders. The BOD should then resign and let someone else take the story forward.
The SOLO / SCIR oil and gas name is irredeemably tainted IMHO.
New BOD, new investors and a sensible name like U.K. ANaerobic Digestion Ltd.
This Scirroco name is nonsense. Read the presentation from last year, the strategy is all over the place. New BOD should focus attention on biogas…just daft trying to do everything green under the sun as the current BOD dangles.
AA - helium has a story that appeals to the young guns. It has been sold as an easy drill and short development time.
Investors attention spans have greatly reduced. Nobody cares about a Tanz fossil fuel project that might get first gas in 5 years time if we are lucky. Especially given the cost of capital in the sector.
Aimster I read it as a contradiction because you said oily investers had gone over to crypto on the one hand then went on to say " or HE1,
The interest around HE1 is about drilling, what's the difference with that or the possible interest that could happen with Ruvuma?
AA how did I contradict myself with HE1?
Chris still believes in the old run up in SP on drill
It worked in the 2010s but all those hot money guys have sold up and moved on to the new games in town like crypto.
The money is just not there in these boring old AIM shares.
You contradicted yourself when using HE1 as a example Aimster,
I agree Aimster, but the trouble is they have been trying to sell it for how long now?
Saying that, it's a double edged sword. Say they eventually manage to sell the asset for £20mil, can you even begin to imagine how dangerous these bunch of clowns would be with that kind of money!
Like asking Mcdonald's to look after you cow.....
Sell it.
The days of a SP of 6-7p in the run up to the drill is over. Most savvy investors will be expecting a placing on the run up to the drill. Probably anytime over 2p. Also a lot of the Oily investors (thrill of the drill) have gone over to Crypto to get their fix (or HE1)
Use the filter Aimster, the point about HE1 being worth over $1 million is that it covers phase 2 of the seismic at current price.
Drill it.
Jon Fitzpatrick the puppet master. I remember seeing him a few years ago at a Solo AGM in his tartan jacket. He never said a word but he was probably thinking about how he’s going to screw these bunch of sassenachs.
On another point, MRC must be the most annoying poster in the history of Solo/Scirocco but CPerkin you are almost getting to the stage of being equally annoying for over the last 3 years for trying to make a silk purse out of a sow's ear.
HE1 shares worth a £1m !!! Whoopee !!!
Means Sweet FA. The ONLY thing I’m interested in is the SP, which is sh@t!
This share reminds me of a tv program called “Sale of the Century” why? Because it seems to be taking a f@cking century to sell Ruvuma. FFS.
Afternoon Chris.
Assuming that still have them doing quite well.
Hope for seismic news soon.
No updates so have to assume still ongoing.
May even get drill in a bit sooner.
Now worth over $1 million :)
Should about cover phase 2 3D :)