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Well Zebbo I bet their old broker will not. Especially after such fantastic reviews and projections a couple of years ago regarding Solo's involvement with Helium One amongst others. A visit to Companies house may be very revealing for those who want to do some in depth research regading various close companies and their directorships.
Or try their new Nomad...
Ok, many thanks ArielArrow.
Safetrader,
In the past I have spoken to Jon Fitzpatrick and Doug Ryecroft on the Gneiss tel no on there website, but they did say they would inform us when they had something worthwhile,
The tel no on Solo site has not been applicable for many months and should be either changed or disposed of untill such time that Scirocco are up and running.
I am getting a bit concerned.
Too quiet all round.
Proposed acquisition Ruvuma helium 1 reef.
Almost complete silence.
No income.
Zzzzzz.
News on something soon would be appreciated.
RNS - 9th January 2020
Solo Oil plc
Tom Reynolds, CEO
Doug Rycroft, COO
Romina Mele-Cornish, CFO
+44 (0) 20 7440 0642
When you phone this number, you are told by the switchboard that SOLO are no longer part of Kadence Minerals and that they have no forwarding e-mail addresses or phone numbers !! They also claim to have no knowledge of Scirroco.
I have tried phoning and e-mailing Senior BOD members and Ben Romney at Buchanan Financial PR - and again no response.
It seems that SOLO / Scirroco have disappeared off the planet and all concerned have gone AWOL or are in radio silence mode.
Does anybody know how to successfully contact anybody for this company ?
I fully intend to report this company to the FCA - I will also be checking AIM Regulations as I cannot believe that a listed company (suspended or not) can fail to offer any credible route for shareholders to speak to them.
I was optimistic about the deal still happening, however the now ongoing silence is very concerning to me. The BOD need at the very least issue an RNS updating the shareholders as to what is happening. This is simply not a way to do business and treat shareholder so dis-respectively !
His .primitive text just for the grammar police.
Are we nearly there yet seems an awfully long time
Since October, can someone go over to Tanzania and fill the . ministers ink well up and renew is plotting paper. Many thanks Morris.
Paper
Been a long time waiting for a licence! Hope the broker appointment is due to the largest asset in the portfolio about to get busy at last.
According to the numbers on FFD, its as little as $30 million for a 25% share of 24,878,082 boepd or over 6,000 boepd to solo, a nice chunk on the way to the boards 20,000 boepd target & over twice s big as the One Dyas 3000 boepd 2C conversion.
Kej, do I take it then that you have no confidence in the new board?
Kej = waffler who just whingers all the time. Talk about boring.... try looking forward for a change
Kejoglo. The business was earning money from the producing well 3 years ago, more than enough to cover G&A if I recall correctly, so I don't agree with all your statement at all, not to mention an 11 times increase in resources proven with the drill bit in 2017
Anyway, how many AIM share are turning a profit, very few, it's a startup index predominantly. The business model as it stood was reasonable under the old Board, but the delivery poor (not all their fault, as in the case of the main asset in Tanzania and the fall from peak oil) Some of the historical purchases during peak oil were simply just terrible and I believe a great deal of this and the money raised historically was to feed not just the board but the city spivs knocking on the door wanting another nice little earner with a placing.
You also seem to underestimate the life cycle of an Oil and Gas investment strategy from Wildcat discovery to development, 3 years is nothing in O&G terms, if you want fast go tech.
As for the New Board, they are clearly a huge cut above the old and the deal they are working on is an example of what is to come as per their strategy. Deals will not always come through for various reasons but I fully support their model whilst waiting for the Tanzanian Government to deliver on the PSA terms.
Anyway sounds like you will sell and be gone at the first opportunity, maybe stick to FTSE 100 div stocks, although you will miss all the fun.
All the best.
Babelfish66 - If you read and understood what I posted you would know that was not the case. To reiterate. My opinion that this would stagnate or drop slowly for as long as it did was based on the knowledge (not feeling) that Solo was both not capable of handling its own destiny (as it was over a barrel by several 3rd parties - an observable and known truth) and in a position where its board of directors could still happily be getting paid for doing little if anything. Also that purchases of companies it had no expertise or interest in were made and would be continued to be made without adequate funding to do so was also "known". Three years ago it was an observable and known FACT that Solo had on not one single occasion shown its own business model to be viable - the business model being something along the lines of - invest, improve and then sell to invest again and so on. Three years later this has still not been successfully shown - ever! The key to the stagnation and slow drop is that the same old story (slightly reinvented) can be constantly peddled and any rational thoughts, such as those being read now, are shouted down. Hence we are now suspended and waiting for a deal which is in essence just a much larger but otherwise very similar thing to what has happened or been attempted many times before. The stakes get higher and higher, the potential returns gets talked up higher and higher but nothing happens. This is not a feeling, it is not even a prediction if truth be known it is what I have always said it is an observable and for most on here, inconvenient truth. Cue the only response which is "how can someone invested here be so truthful he must be an idiot" - perhaps I am because I have got trapped in this suspension.
itshenderz maybe the AEX board but certainly not the Solo board upto now of course the future I cannot speak for, the longer this goes on for the better in my mind really, upto a point of course GLA !!!
Hello Kejoglo & thanks for your reply. So it was a lucky guess based on feelings as opposed to being based on actual knowledge.
I have no idea where this will end up short term, we have deal or no deal and licence or no licence, like you I certainly hope that a deal and the licence arrive in the near term.
All the best.
Babelfish66 - No I don't claim that, have never claimed that and I certainly did not know any of that. My feelings that this would stagnate and slowly drop was based on the facts that Solo was held over several barrels by third parties and that those involved in Solo (be it BOD, third parties, governments etc) were all in positions where doing nothing might end up being beneficial to them. The only "losers" would be the shareholders who would in one way or another have to keep paying out. That and the worry that eventually the assets, such as they are, might eventually get whipped away for a song was my main concerns. Funnily enough I read today an earlier comment which suggests someone else now has a similar concern.
I sincerely hope that this now turns a corner and does well because I reinvested here on the very strong belief that the sp was going to spike. I now am increasingly beginning to think I have been burnt twice but lets hope not hey?
Six old photos.
Click on a photo to see the next, posed animals, after they have been calcified by long exposure to Lake Natron Tanzania.
https://www.telegraph.co.uk/culture/photography/12138385/Nick-Brandts-Petrified-animals-of-Lake-Natron.html?frame=3566573
Lake Rukwa is another non draining lake, it is less alkali, with a PH of 8-9, it has a brackish taste.
To see creatures with a long exposure to Lake Rukwa, attend a SOLO AGM.
Kejoglo, agreed, poor management and a lack of news flow in key calender dates has been a defining factor, too many pi's will be put off by. All remains to be seen, hopefully in the next coming days if not weeks, the show must go on
Good morning Kejoglo.
We have some unfinished business, you stated the other day it was obvious that the share would drop for 3 years and I pointed out that if true you knew about the contract review and the subsequent PSA review by the Gov before everyone else and held that information to yourself without sharing it in the BB.
Is this what you claim?
Yes itshenderz that is all well and good but it was the BOD that bandied about mid q4 2019 so it shows a poor level of planning/management at the least and possibly something worse.
More angles than a Rhombicosidodecahedron. If you take the bait, it comes with a hook.
Filter works well.
Neils a larf with his subtle concern style of deramp, only have to look at his tlw and enq posts to see how clueless he is.
Ludicrous how folk think a complete transformation of a company takes just a few weeks, granted its taken longer than i initially expected, however, taking xmas, new years into account, its still not gonna be a 2 second job. Bode your time and trust that the bod are doing thier bit to see this Dyas deal through. As ever, imho, goodluck.
Morning.
It appears I might have come to the wrong place, is this the fantasy share game site, where the most unlikely event now becomes the one that Safetrader1 hangs his hat on.
Seems more likely that negotiations are ongoing as a result of the 2020 gas price forecast.
Soon see if you are right with your predictions Safetrader1.
All the best.
All the best
perhaps a smoke screen to pull us into suspension and then switch the lights out - hmmmm - it's all gone quiet over there !