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Said this before, the reason I am here is that it is like a lottery ticket. I don't expect anything but if a couple of things go Solo's way it could multi bag. Still would not advise anyone to put good money in here unless you can afford to lose it. There will be plenty of time to make money if all falls into place. Even the ones pushing this hard must have lost a lot of money and are more hopeful than expectant.
I'd be as happy a caddy to see this rerate several hundred %
very much so..............!
All the best (Bosch............... :()
thats a hotpoint lol
Frank, who are the rinse, repeat team you mention ?
helped by the usual "Rinse & Repeat" Brigade who turned bullish now for the short term that is but without them both shares would be very much south by now so something to be grateful for I guess so keep talking it up ;o)
Caddy can't see it and BDS is bewildered ( yet they stay?
Still can't see it. This needs to rerate several hundred %
Both shares were walked down to less than half NAV and on the way both shares placed and even then both were walked down to around half the placing price.
So parity back to the respective placing prices of 2.25p for solo and 1.45p for Aex still will take them no where near to NAV. Conclusion they both have a long way North to go before value is fairly reflected. At least it seams the re-rate has begun.
Aimster, it was Jon who said they were in no rush, I know Solo fell well below the Nav but I don't think that we where hammered down as hard as Aex, so this bounce ( on no news, has not been quite so prolific, we still have a way to go to get back but we seem to be going in the right direction again,
ArielArrow.....I also find it strange that Solo hasn’t followed on the tail of AEX. I assume a few investors are still concerned with regards to funding going forward. IMO the BOD must have a financial plan already in place to fund Ruvuma Development. They would need to demonstrate to the APT and probably the Tanz Gov that they can support their share of the development program. Especially when one of the BOD ( can’t remember if it was Jon or Alastair) stated that they are in no hurry to sell Ruvuma
I know I started one before but because of the H1 effect and coupled with the possible Licence approval and of course 1st purchase to achieve 5000 bpd I think because it could be anywhere really it would be a good one to predict and fun to follow really (Guesses Close 00.00 16/09/2019) GLA:-
Ggrrr. showing as a sell.
Just bought £1140 70 at 1.65 fingers crossed
Am i seeing that correct. I can not see any trades
Problem i see with the drill in October rumour is the mobilization of the rig . To drill in October they would need to move it pretty soon ? The question is where is the drill and are heritage using it right now ? Finding that info would help
If there's an ounce of truth to the rumour of drilling in October, this will fly.
I'm intrigued by what M&A flow our BoD can pull off, but Ruvuma asset sale is the enabler, at least for anything substantial.
Why the gusto has not reached Solo when they have more in the pipeline is strange?
Shake completed and from double figures down into positive territory as the positivity and expectation continues.
During the AGM they had Nomad representation in the Audience. Alastair is keen that everything is above board, especially with the working relationship with Gneiss.
Yes when I spoke to them in August they stated they were unable to purchase shares. My take was they would if they could
Mr P, bet you smiling about the AEX rise, i am tickled pink but think it might come back a little on profit-taking, Solo & AEX are being bought as they both multiples when they get this bloody Licence GLA
Agree OG
Very tasty rise over at Aminex again +31%
I assume that the BOD are in a closed period if acquisition negotiations are taking place. Can anyone else confirm my understanding.
I think I mentioned it before but Tom Reynolds is on the boards of both companies.
Anything’s possible.
Very interesting. As he has 7% it would only take about 3 million pounds to do an rto.
Although I’m sure the rose petroleum shareholders would hold out for much more.
Also I don’t think their fundamentals would fit in with solos strategy going forward.
Although apparently It fits in with Mr Fitzpatrick’s.