We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Daft question. Without an AIM listing, the company by default becomes a private company not a public company. It is still owned by it's shareholders, not the BOD. So what term would you have them use?
Where is BIGDOUBLE when you need him?:)
Plenty more Dosh heading towards SCIR , hence the stake build up.
Agreed, we need to keep them accountable
HTtps://twitter.com/AminexPLC/status/1780512343597736244
Company Directors should not be allowed to take it Private.
Yes the Tanz news is reporting that the licence has been signed. If so it's good news for SCIR, release of next monies + production in a major step closer.
Good luck to you all.
Good luck to you all here!
If were out why would you be making comments, what's your agenda? why aren't you making comments about all the other stocks you don't own?
Without knowing all the shareholders, you can't form a partnership, so what legal entity would you propose?
Amimex BB reporting licence issued for Ntorya. Would bring FID, and another $3m a step closer.
Got out months ago cost me a lot of money here.
Ruvuma looks dead in the water at the moment.
Government taking ages on a decisions.
Drilling licence expires in August I think.
Imo shareholders may be lucky to see .50p over many years but still depends on ruvuma monies being received.
Why are they taking the company private.
A scheme to get even more money to themselves.
Last chance to get out
The directors of scammers hitting again.
Manage the SP to the bottom and take it away from investors. Chuck Penny’s at £’s invested. No interest by most aim listed companies to make it an investment with returns … to the shareholders that is.
I am done with AIM.
you only have to look at previous directors of this, from its inception. when it was solo oil.
previous directors, kieren morzai... currently driving kdnc into the dirt - mate of big dave, also a director of horse hill
donald strang, currently driving gun and and kdnc into the dirt
big dave lenigas, everything he touches turns to ****. rem/kdnc, solo, lenigas oil, inspirit, etc etc
edwin mathew bower current ceo
jon fitzpatrick, no longer a manager, but head of other companies...
before you invest, anywhere, you need to check these people out and their history and then, make your judgement based on that.
Tempted to buy more but the fact that no one is suggests that \NO ONE Believes we will actually get even 0.6P per Share let alone the discussed 1.2P
Can anyone actually explain what is currently going on with the company?
So we voted to wind up the company and return monies owed to the shareholders which should have come to 1.2 P Per Share which was a no brainer. But is that really what is going to happen.
Are we still paying the board and associated costs of running a company out of the Money that is supposed to be returned to us? In which case for how long if we have removed them of their duties.
I understand there will be some associated costs with keeping an active company until the monies received can be paid to us but surely we are no longer paying the BODS salaries as they have nothing to do and there will be no money left?
If the company is being wound up and we are just waiting for monies owed to be paid and returned to us how come you can still by shares 0.3P surely you should no longer be able to buy and sell shares in a company that is being wound down ?
There has been no communication from the board or the shareholder group that forced this action about what is now happening and what and when funds will be received by the shareholders - Can anyone enlighten me on any of these points Please
Probably someone building a stake getting ready to buy this out on the cheap imo
So what ive lost 100k on this anyway
"No effort to run the company"!!!! Wait until you see how much liquidators will charge, and the pass through fees for them to hire specialists to chase the Tanzanian monies out of Africa!!! Many hundreds of thousands of pounds in costs will be incurred.
A RTO is unlikely to realise value.
Once this delists it required almost no effort to run the company so can be very low cost.
An RTO is the best solution in my view. Cash return will take years and no doubt there will be management overheads. I noticed that Frazer Lang bought 4% of the Company last week. I assume this is the same guy who is an Executive Director of GP Jersey who are already the largest shareholder at 8.8%. that's now close to 13% either directly or indirectly owned by them.... intrigued why would they increase their shareholding ?.
So how do we stop the BOD milking it any further, its time for the shareholders to fire the BOD, and take control
I got a corporate action notification about the MVL a couple of days ago. I wonder if those without knowledge of the Ruvuma cash pipeline have decided to take the money out now before liquidation, thinking it's imminent?
If this was going to return 1.2p per share back to the shareholders you would think a predictor would be sniffing around trying to buy this for 0.5p but no.
People criticised Neil Ritson but he left this company in what he thought was good hands, I bet he is devastated at what has happened to his legacy, I remember £125 million being talked about Ruvuma value
Good question. The vote on whether to keep the company running under the total inadequate leadership of the present BOD, or wind it up and sell the assets, was based on the assets producing 1.2p per share eventually. I voted to wind up the company as there is no way the BOD could get it to that level with their investment policies . I have got to admit that I can't see them getting a sale to the value of 1.2p. In fact I have written this off. It is just that I don't want to see the BOD getting paid any longer for destroying a company that had so much potential.