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Well it’s nearly eleven months since new strategy was announced and as of today we have have no income. January 2018 was the last. I know the board want to do things big time but given the delays maybe they should have set their sights at smaller acquisitions maybe a few hundred barrels a day equivalent and build that way. I just hope the current deal happens as they will have a lot of explaining to do for all the months wasted.
The six months can be extended, companies like Worthington where suspended for years but I don't think Solo will resort to that.
Under AIM rules are they obliged to come back within 6 months, deal or no deal?
It seems a very long time ago now that the very exciting 'guess the comeback price at Xmas and thereafter' was posted on this board. We could now play the 'guess when this will come back from suspension?' At least it will give us something to do!!
Frank, have stacks to do but I keep procrastinating.
OMG hasn’t anyone got anything to do today, it suspended and will be until we get a RNS, every single positive and negative scenario Been covered now, I believe there rain and wind on the way more concerning, we no doubt get PSA news before North Sea news and make loads of £££’s when it floats back or has anyone forgotten what Malcy said although in my view inflated on the SP GLA !!!
Steve, if the deal comes off it will be boom, you have to look at the bigger picture here, so many positives, and waiting is part of the game, I believe the board made the right move with suspension regardless of the frustration it's causing, if nothing else it keeps the share price stable amidst the naysayers,
I firmly believe they are working in our best interests, just my opinion.
Ok. Let's all imagine boom.
I am concerned with the silence but hope that news when it drops will be good.
Guys, stop imagining doom, nothing has changed, I admit it's frustrating and that a rns is in order, but untill we hear otherwise is deal on imo.
Whilst I don’t agree with your wording imo something seriously wrong.
Peoples imaginations run riot without any information. Any deals require shareholder approval.
0p
Was this just a deliberate cloak to throw over the table as they tried to screw a cheap deal ? Why announce a deal that had not been inked and then immediately go into suspension !!! I suspect foul play at work here and that the shareholders will not be the beneficiaries !!!!!!!!!!!!!!!! AIMVHO