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Afternoon, still on my hols for another 4 weeks to go yet so only keeping half an eye open here. Excellent to see a small rise and an increase in the volume.
I might let them have some of my shares at around the 5p level, say 10% for the next holiday but I am expecting much larger returns.
All the best holders.
Afternoon. Thank you to those that attended and shared thoughts. So it seems a deal or maybe deals are expected soon.
All the best
Afternoon. Do any of you read the Aminex board? There seems to be a general consensus that the licence is likely next month and with a deal expected in around the same time it could be a big bang here.
All the best.
Good afternoon, hope you are all enjoying the summer as much as me.
Just ignore Kejoglo, apparently lost some money here and still has a big fat and childlike trembling bottom lip many years later.
All the best
Morning caddy. The board and Gneiss energy certainly have a lot to lose if they don't deliver on their strategy. Geniss would be seen as unable to deliver on it's core business model and that would be very bad for their business and of course the directors hold around 8% of the current stock so it would hurt their pockets a lot more than any retail investor I am aware of.
All the best.
Morning
Perhaps you should read these to understand the strategy.
https://www.lse.co.uk/rns/SOLO/solo-oil-plc-strategy-update--djv5efkcgizz8uu.html
http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-plc-corporate-presentation-march-2019.pdf
All the best.
Good afternoon.
Maybe back to a penny in the next few session?
All the best
Afternoon. I am completely lost with the SP movements here. Tiny sells in the proceeding weeks and the SP drops 3 to 4% at a time. A massive buy for £34,000 at the full ask today and no movement. How does this work please anyone?
All the best.
Good morning perks. 2 times seems reasonable, anymore would be just a ramp.
All the best.
Good morning
The Ntorya licence is due soon and that should add $20 million at least to the market cap. A Bod deal in the 500 to 1000 boepd should also add a similar value. A 200% rise before Christmas for those in early enough looks like a reasonable expectation to me.
Of course if you don't believe there is good profit to be made at these prices then the exit is marked up by the sell button. If you see the SP rising then you hold.
Nothing complicated, all the best.
Good afternoon.
Well not much point living in the past. My point of view is to see what the replacement Board and Management team deliver as part of their "cusp of transformation" It would appear that almost anything would be better than the replaced team that the long term holders invested in, in the first place.
All the best for the turnaround.
Good morning.
Thank you Big D and Perks. It sounds like the AGM should then provide some answers for those that turn out.
All the best.
Rampers!
Afternoon, yes news next week on Wednesday to be precise.
All the best
A lot will depend on the size complexity and structure of any deal and that will dictate time lines. I have no idea if four months would be anywhere near enough time to select and complete at least the first phase of any Due diligence. I agree with Perks and Ariel though, surely the time to update the markets is once the long-stop announcement has been made by Aminex at the end of this month.
All the best.
I share the frustration Ariel but there again I do wonder what they could say other than, we are completing due diligence?
I am sure there will be non disclosure agreements tied to any conversations which means we will hear nothing till something is signed.
All the best.
Afternoon Ariel and all. 50% NAV before the Farm-out which will increase the value due to the $107 odd million the Zubairs will be adding to the pot to get it to production.
The Judges are waiting!
A significant amount of work has gone on behind the
scenes to set the Company on a path to value creation, and
this may not be obvious when looking in from the outside
and is certainly not reflected in our current market value.
We recognise that our success will ultimately be judged on
delivery of this stated strategy and we are confident that
2019 will be a transformational year for the Company and
its shareholders.
Alastair Ferguson
Executive Chairman
Afternoon.
Probably for the same reason why you (I assume) and the rest of the herd did not buy JOG at 50p after it's fall from over 300p. Lucky for me I did. Look for undervalued shares that have an asset in excess of the Market cap and let the market do the work and bring it to you.
All the best.
Good afternoon and what excellent news.
I assume that Mr Partridge used the same basic lack of mathematical understanding to produce this latest probability as the previous one of 700:1
"The Company will make a further announcement IF or when the longstop date has been formally extended."
Should be a very interesting week!
All the best
Good morning.
Must be getting close to announcing a deal now from the BoD + expecting an RNS from Aminex end of this week or next week on the farm-out & longstop date.
All the best.
Good morning, maybe someone wants to get their hands on all that lovely huge gas deposit that solo and aminex discovered scratch? Who is negotiating right now with the Tanz gov on a $30 billion project? Shell, Ophir and Equinor (Statoil)