George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Good morning, hope everyone is keeping well.
I did not manage to get any at the bottom but am 82% up on the tranches bought in the last few weeks and am grateful for that, much the same on some of my other oil/gas stocks.
Anyone else watch the virtual grand national?
All the best
Afternoon.
looks like all your buying is moving the share price up John, will have to start calling you long John.
Stay safe & all the best.
Morning all.
Hope holders are keeping safe and well, the most important thing of all is family. Shocking state of affairs in the Global markets, fastest fall in history apparently. It seems China has turned a corner and the lock down is being relaxed.
Recovery will happen.
All the best.
Good morning.
Disappointing about the One Dyas deal although with European gas price haven fallen so much then not completely unexpected. All eyes on the Tanzanian assets again it would seem.
All the best.
Afternoon.
Thanks cperkin, so am I correct in saying that once the PSA is agreed then the licence can be issued?
All the best.
Good afternoon.
So the Helium 1 IPO is still due around the end of Feb 2020, good news!
All the best
Good morning
Thanks for this Perkin, I assume the massive increase in gas production at the tail end of the chart is the LNG kicking in?
They all seem to be getting very excited over on the Aminex board with expectations that the licence is arriving.
All the best.
Good morning CP and thanks for that. If the plan is finished then maybe they will get on and execute it which requires a licence.
All the best
Evening Caddy,
"In light of certain changes of circumstance SINCE signing the Agreement with ONE Dyas.
Last time we talked on this topic you seemed to suggest they should just take the deal, despite the fact that it would not be in shareholders interest?
All the best.
Morning Neil, the whole stockmarket is based on Jam tomorrow and the Jam looks more like a Jam factory based on the asset size.
The fact is its a smaller capital investment than the current deal but with flow rates that are multiples and will probably be sold for multiples of the current $40 Million for 50%. The Zubair corporation clearly love the asset, tells you all you need to know.
All the best.
Good Morning.
20 years, where did you get those numbers from Neil H?
Almost half the 20Kboepd can be supplied from the Ruvuma gas asset at a cost of as little as $30 to $40 million with a ROI of only 2 to 3 years.
All the best.
Afternoon Safetrader, no I have my own translation business to run thanks. I do like your other Tanzanian company post on ACP on the 15th. Seems there might be some similarities.
"My advice is get out if you do not truly believe the story, but if you do, then hold tight through the bumps for the real prize !!! AIMVHO DYOR GLA"
Good morning Safetrader, I was making an observation and not glossing over anything, the board made the situation very clear in the RNS on the 20th December.
"Solo enjoys an ongoing constructive dialogue with ONE Dyas, however there can be no guarantees that new mutually beneficial terms can be agreed, and as a result, the deal may not proceed."
Black and white and straightforward.
All the best.
Good morning. Did the board not say on the 9th of Jan that they will update shareholders once there was some meaningful progress. Bigdouble has no issues contacting the board and getting a reply?
RE: RNS - Broker appointment09 Jan 2020 11:00
Thanks for the email and I fully appreciate the query.
Rest assured that this update is a mere formality. The Company does not currently have a formal broker following the termination of Shore, and Peel Hunt and Canaccord are only due to assume that formal position upon completion of any deal. As such Strand have stepped into that role to fulfil regulatory requirements while the company remains in suspension.
Please note that the company will make a further statement to market regarding the deal when there are meaningful developments.
Good morning all.
Someone forget to put the kids to bed last night? It seems no one can manage to string a debate together beyond a one line statement of nothing.
All the best
Hello Caddy, but that's all the old Board and Neil Ritson, long, long gone, more 10 years ago stuff. Of course if you are not happy with the new board then just sell when they relist.
Simple.
All the best.
Morning Caddy, not the 10 years ago and all the old Board stuff again.
All the best
Good morning.
Surely caddy it depends on what has changed and I assume you do not know the details? Thus you are making an assumption without knowing the facts.
All the best
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.
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.