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no affect on the SP but if true it positive for sure but lets see !!!
They both show on L2 on the LSE Frank, 2 buys one for £28K and one for £19K
interesting this I spotted on the AEX trades as not looking much as been enjoying the amazing weather than the downbeat tone on both boards but I`m not seeing this on L.S.E any explanations please ???
https://twitter.com/oldfootballprog/status/1268135345775882240
Expecting the AEX/Zubair Farmout completion John and of course the ARA by the end of the month for solo. Not sure what else we will see as per the update from BD yesterday?
"I have received a reply confirming an update is being worked on and will be released soon. Let’s hope there’s some positive news in it."
Maybe it's just going to be an rns about a director from 5 years ago ;0)
Last year Full year results 2018 were announced in an RNS on 28/06/19 And the AGM date was set as 27 August 2019.
Can we expect similar arrangements this year ?
If so it would seem likely we will get news or at least an update very soon ?
Same situation for AEX - surely can't be long now.
Covid 19 stopped many best plans this years and the case stands here, even a stupid person like me knows that doesn’t stop them from trying to buy a cheap asset in these trying times and cash is king at the moment, I’m giving them for at least the end of this year and no doult within 3-4 months we all be dribbling at thought of the upcoming drill :o)
££££££
The same people have ramped this share for years.
Now i am older and wiser i ask myself why are they doing this ?
They know who they are so please tell me why you have ramped this share for 10 years ?
Why are you surprised have listened to this drivel for 11 years, nothing has changed just share holders losing a lot of money hand over fist.
I was getting lonely for a while BDS1. After watching a few presentations by NR I thought he seemed a very honest genuine man until I started to realise how full of crap he was and how little he knew about business strategy. Unfortunately it was he who promised us all a significant bonus which I feel the new bod will just sweep under the carpet.
"despite changes of board of directors five years on "
What Directors was that 5 years ago burning? I know it's been a while and the current Directors have not delivered beyond selling some assets and "almost pulling of a deal" but 5 years?
A proportion to acquire asset(s) and the balance to shareholders by way of that special dividend that was promised years ago. Still stands as far as I know unless we have been told otherwise
Perkin has a point it is all about timing with this share and I am sure there are some people who have made good money from it. The underlying long term trend for share holder value is not good. So you need to pick your moment when to buy and sell in the short to medium term or you could get trapped. Most AIM shares are the same with many directors getting paid a lot of money for nothing, I don't really see it as a true commercial world as a lot operate with no income at all and are funded by us. In an market not really regulated anyone investing is taking a big risk and so there are a lot losers and some big gains. Greed/desire to make money quickly drives this.
All depends when you buy and sell I suppose Caddy, the "Spikes" as you call them are generally linked to drill events as per most AIM O&G stocks. The fact that the NT-3 (Now C-1) "back to back drill" on NT-2 sat for 2.5 years is the real issue behind the fall, just look at Aminex for a comparison, same thing.
Lets see what the BOD manage to produce in the update they say they are going to deliver, as for the primary asset (Ruvuma) the farmout should complete very soon and then maybe we will see what the BOD's intentions are and what interest there is over the already large, drilled and appraised gas asset.
Will believe it when I see it. On the subject of multi bagging, it might have spiked a couple of times but the trend has always been down. In old terms from 9 years or so ago this should now be almost 40p to have stayed even. Only got to go up 1000% plus to get back to even. And all the way down people have bought in on the basis that it couldn't get any worse, yet it always has done.
So true Chris without people like BD knocking on the door when needed we would be none the wiser and at least we will now get a update soon and hopefully ok news or moving forward on the intention !!!
That was a quick reply from the board. News hopefully soon... things are bound to happen slowly due to the pandemic.
A sale to Zubairs would certainly make things simple. Let's see who the buyer is.
What do you think they will do with the money from Rumuva sale?
Thanks, BD, your efforts to talk to the board are always appreciated. Sounds like we need a new proactive PR / Marketing company that will lead the board with update management rather than just wait to be told.
For balance.
It's multi-bagged many times before and probably will again Caddy, after all the primary asset is worth at least 2.5 times the current mcap based on the deal currently going through.
Anyway, thanks again BD
Many thanks for the effort on behalf of all shareholders BD, much appreciated.
Chris
Can't see what has been twisted. Just stating what has gone on in the past. You cannot say that I am wrong. I think it is disgraceful the way the company has been run. Please do not say then sell and leave this board because I think it needs a balance between me ( and BDS1) with all the pro Solo campaigners who have constantly said this will multi bag whilst it has lost over 90% shareholder value in the last 8 years. A rise of 400% now would still see the company as a failure to many lth and that is not likely to happen.
Caddy - grow up and stop twisting things
Their definition of soon could be any time in the next 6 months. Even the most pro Solo bod supporters must now accept what a crap job they have done, backed up by another 5% fall.
I have received a reply confirming an update is being worked on and will be released soon. Let’s hope there’s some positive news in it.
Its a shame they don't have the initiative without prompting, but thanks anyway.