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Surely this share price should be higher than what it is ....
African countries are among those hoping to increase their exports of gas to the European Union, after the EU committed to reduce its reliance on Russian supplies following the invasion of Ukraine.
Russia's suspension of deliveries to Poland and Bulgaria over their refusal to pay in roubles, the Russian currency, was a stark reminder of the threat facing the Eurozone. Russia has the largest natural gas reserves in the world and is the largest exporter, accounting for around 40% of Europe's imports.
The EU wants to cut supplies by two-thirds by the end of the year and become independent of all its fossil fuels by 2030.
However, energy economist Carole Nakhle says that with the combined exports of Africa's big players in the industry - Algeria, Egypt and Nigeria - amounting to less than half of what Russia supplies to Europe, they are "unlikely at the moment to compensate for any losses in Russian supplies".
"The good news is there will be greater interest in countries that already have the resources to replace Russian gas and Africa is in a very good position. We're going to see more investment," she says.
BD - how you doing pal - i hardly ever go on here anymore as the SP has dropped to pitiful levels. I dont understand how/why this share has taken so long to give us anything back from our support over the 10+ yrs. With the current global situation i had expected this to lift with potential from the chinese to pick this up or the other partners to make offers .... what a dreadful punt this has been - do you have a grasp of why this isnt moving north?
its worrying to think the BOD are getting very good salaries for a company name change and a deal that was pulled .... never been more concerned for my investment
Jeez ..... i bet the Ozzie and NR are on a beach in Barbados licking their lips as we continue to tread water .....
what a disaster of a punt this has been .... TANZ government are an absolute disgrace ..... people in power are clearly getting a backhander to drag this one out ...i wonder if its eithin Africa or the China powers that have an eye on the EAST of africa energy developments ... i cant beleive the BOD thought it okay to award themselves for what they have done thus far .... bring back the ozzie and NR at least the ozzie shot from the hip
must be just me who is disgusted at this awarded sum of monies …. absolutely fuming
Totally agree with you Joe … solo have pumped our money into Tanz and we long term suffering holders are still getting little back even after this long awaited news …. this needs to explode for us …. and to see the mms walking this down in early march on nothing and now letting it move upwards slowly ….
people who are posting on here every day with nothing constructive to say and just commenting on other posters posts get on my nerves too but hey what can we do - oh yeap filter!
Opp - the TANZ gov will probably kick this can down the road …. the delays and length of time these licences are taking suggest they are not overly concerned about the investment/investors in their country … could be they want the lot themselves for next to nothing or are prepared to kill off companies like us with a thousand cuts ….. it only takes one match to burn a thousand trees - I invested in this company many many years ago and on paper my losses are so huge I cant believe how things have got so bad …. NR pee'd away millions on poor investments … if Ruvuma and Helium come good I might get my shirt back but weve been played and the SP today is pitiful
You cant argue with Facts Caddy so to be fair if you've called this out as a dog then you are being proven correct as ive lost thousands on solo and have been in this for many years …. It really has been a hard lesson to take … it might come good but until we get some cash flow we are sitting ducks it seems … and I agree those posters that are here almost daily need to smell the coffee as I have done …. didn't sell and now not worth selling …. in it to the end now ...very disappointed SH
Im with you there IAN pal ….. seems so long ago now and I just hope the wait, the patience, the very few ups and the massive downs will be worth it for us LTH …. we deserve something for sticking with this (probably a straight jacket - are we mad)
welcome back Big - you've been quiet for some time pal
looks like las vegas might be back on …..scrub the blackpool weekend eh?
if the Zubairs want the lot they need to cough up a fair price of millions ….. AEX sold out because they were a little desperate …. we are in a different place ...still think the Chinese will court us..... unprofessional of aex not to keep their partners consulted ….. no accident that ….. I would be happy to move out of TANZ altogether at the right price … too slow ….im a LTH and TANZ government have been pulling our chain for too long
hmmm don't necessarily agree with that trrime…. just because you pay £1m for gold its necessarily worth that either …. things are worth what a buyer and seller agree at said time/place, may go up may go down and looking at what Ritson bought like Reef and Burj / Pan etc clearly those buys have been seen by our new BOD as worthless, well pan anyway bought for over £1m and sold for £1 …. perhaps im being harsh on the man as he didn't make those decisions alone …. the ozzie was in charge of solo when I got in before ritson was moved up the chain
spot on Trimme ….. I honestly thought the Chinese would have come in for Solo & AEX … I feel like Ritson has mugged us in a way by his own inability as a ceo….. clearly he should never have given the head job, he was out of his depth …. hes a boffin and not a man to run a business ….. and hes wasted so much money ….. perhaps the end is near for us LTH …. las vegas was a dream now im looking at Benidorm if im lucky ….. will be interesting if we do get offered shares and at what price
caddy - this board seems to have been taken over by the young ones ….. at least the new bod at solo seem to be far more professional …. ritson always was a geo-expert that somehow got promoted …. hope his wife doesn't let him go shopping by himself.... he would come back with a whole lamb, she only wanted chops... god he can spend money
I know Im a grumpy bugger on a Monday morning but I really dislike these stupid predictions …. perhaps the BOD will see these and think Okay the SH are looking at an opening of 5p even though we were gonna give them a chance to buy in at 3p lets go with 5p- afterall those board are full of predictions of opening circa 5p.... hate to disappoint those LTH.....
MY prediction then is opening at 2.8p -
Hindsight is cruel BUT I look back at Neil's time at the helm and the wasted monies and dilution he oversaw and I do feel a fool …. as LTH we really should have looked at blocking some of his moves ….. OR I should have sold out much earlier …. but I took him for an honest decent bloke and thats probably true but my holding has reduced considerably through his time in charge and I know im not alone - lets home LTH are thrown a bone and we can participate at favourably rates when they go out for investment
Use your filter pal - save you a lot of time and heartache ...
still a long way to go for us long time holders ….. im still pevved at the old PAN debacle..... BIGD - are we finally gonna see vegas - you did promise!
Thanks for that BDS - really cheered me up ...NOT …. I can remember when this board was calling for NR's head and I felt slightly sorry for him ! Well how stupid do I feel now knowing hes peed up the wall millions of pounds on a gamble …. f f s …. Ive been in this for years …. the ozzie was a safer pair of hands than ritson …. AIM is an absolute joke & I really hope just like PPI that in the future we get compensated for this disgraceful GAMBLING of SH monies …. would love to know the reasoning behind the PAN investment by NR and why he is not held accountable … millions lost is absolutely terrible …. investment vehicle ...what a joke, this BOD should look to take legal action against the old BOD