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https://www.lse.co.uk/ShareChart.asp?chart=technical&sharechart=SOLO&share=Solo-Oil
Started to close the gap, still huge and a long way to go to 1.545p to complete.
To be only 31% down on this share you can consider yourself lucky.
Caddy1 , your not the only one , I am down 31% too
Positive :o)
we playing catch up here Perks............!
AEX have had there's, more to come fosho, but ours is lagging some what........... !
All the best (IMO............. :()
+6.52% attacking that gap at last?
...and a juicy £10K delayed comes in........... :)
All the best (just the start ............. :()
A lot of that "gusto" was down to the ONE-Dyas deal AA.........!
IMO......
All the best (it'll be back up on another one ...........I'm sure :)
When Oil plunged back in March Solo joined in with gusto even though it has little to do with it, ironically with most oil shares up around 20% this morning Solo hasn't moved at all.
Juicy for AEX & Solo shareholders no doubt if it turns out to be the case Chris hmmmm :o) !!!
Evening steve, garden sure did, going to get more the next few days by the looks of it.
As long as the PR company were not referring to the ARA when they said they were preparing to update the market! Some decent trades on AEX and looking a little "Perky"
Have a great weekend.
Evening chris.
Garden needed it.
Second truss in flower in greenhouse.
I was hoping the warm weather would continue but rain was welcome albeit not much.
I still think the board will sell it all as the waiting for licences etc is taking years instead of months.
Have a good weekend.
I certainly hope for some news or update next week.
Markets marching onwards and upwards.
Wouldn't want to be out of this over the weekend.....whoops too late. Garden enjoyed the rain today and the tomatoes are going mad.
Not a bad day at all.
They can do no work except for their legal responsibility to file accounts.
I bought in shortly after the existing Bod because I was impressed with their track record and still am but I can't deny that I'm not annoyed by the lack of communication, shareholders deserve better, it does nothing to help the shareprice.
I agree totally out of our control.
But solo have basically delivered nothing in 9 years.
I have been in since the reef days about 8 years.
As for patience after all this time it does begin to wear a bit thin.
Our main issue is that our two main assets are controlled by external entities.
So Ruvuma is dependent on ARA and the Tanzanian authorities, our CEO thinks Q1 2021 for the CH1 drill Okay completion of the farm out would be good news but we also need to understand what our own bods position is regarding Ruvuma, are they going to find the cash for their share of the 25% or sell?
As for Helium they say IPO in H2 2020 but that was pre-Covid so they may or may not hit that target, outside the respective companies we have no clue.
I still have confidience in Solo but patience is the key here, it isn't a short term play.
Not for us.
Still no news.
European gas surplus , prices low.
Seems our board are going to find difficulties achieving a deal in the European gas market at the moment.
I may be wrong but too quiet for too long.
Update due soon should be interesting.
Seemed a reasonable price to buy back in.
I don't see any reason for them to be furloughed, I would have thought the work involved could be done with minimal contact with others ( if any,
Talking block energy some action taking place as we speak.
If the directors have been furloughed they can do no work for the company.
That may be the hold up
Although I'm sure they should have informed shareholders if that were the case.
Confidence here if falling as fast as the bank balance.
I still wonder if director's shareholdings at bloe may come into play in the future.
Lol i still remember NR giving a interview with his child's periodic table behind him... But at least he used to engage with shareholders. NR had a great input on NT-2.
Unfortunately with solo and aex a lot of things were outside their control. If we had the licence couple of years back, we would all be laughing with the back to back drills. With this one year extension only, personally I am a bit weary. Why could they not grant a 3 or 4 year licence is beyond me.
A one year licence after 2 years plus since application is a kick in the face!
Seems nothing much has changed.
Some od the board aren’t that far from retirement age.
I know we moaned about how nr wasted shareholders money.
Interesting to mention that without all his spending we would have absolutely no investments.
At least we should be grateful for that.
I remember saying a couple of years ago that NR was on over double my salary. He had hit none of his targets, I had surpassed all of mine. My reward was to be given higher targets. His reward was to retire on the money he had sponged off the shareholders.
the problem is they put us back online at the worst time and maybe down to rules of the stock exchange and we had a amazing recovery along with the markets but when are they going to show the mustard they promised and this is the problem when you say you are good but you are not it shows, the honeymoon period is clearly over for most investors and nothing but delivery of there promises will do, it a case are they draining our money in there wages or working on in the back ground, even with a wage cut I would like to be on what they are going to get and they really need to show leadership now and deliver !!!