Member Info for bigdouble

These increases must be extremely painful for you. I’m afraid you have far more suffering to come

isalingebruik - think you’ve got it upside down. Something burning I feel.

Going back a few years there was certainly leaked information. I was investigated for insider trading on this stock due to SVS’s handling of a placing some time ago. Unfortunately, I knew no more the Mr average but as I understand some were in a slightly more “knowledgeable” than myself. I am glad to say this is now well in the past, as far as I am aware of.

Looks like the placing had now been churned and we are moving up on buying pressure alone. Any significant news and we should well surpass the recent highs of 0.80’s GLA

Would tend to agree with you. Seems extremely quiet for a company with so much going on.

What part of the country, I’m off bass fishing next week.

Only another 4 bagger to go FOF break even. At least these days there is a good possibility it will happen

I have no doubt the current board have the necessary contacts and financial experience to transact a decent sale of our Tanzanian assets. I am also confident they are looking at every senario, for example farm out not completing or Solo going longer term if no buyer is found. The only issue I have with them, is that they have granted so many warrants at such a ridiculous low price. I am hoping in the next few weeks we receive notice that they have reconsidered the price of warrants and they have set them north of 2p.

In the meantime it’s just a waiting game.

A lot of brokers will be forward selling the placing shares. It will not matter how many trades there are in the next week, we will still sit at this level until they have been churned.

Yes Vike, I reiterated to them what has so far been spent on Tanzania, my calculations as per historic RNS’s are about £18 mill. Would be disappointed if they accepted anything less than £30 mill for our 25%.

Caddy give it a rest. You are boring us all with your unhelpful, repetitive comments. If you are unhappy sell or do something useful.

Just finished the hour long call with the board. Chris and I made it extremely clear to them that the incentives warrants at 1.3p were totally unacceptable and we asked them to reconsider this. They are going to discuss amongst themselves in the next week and will let us know the outcome.

The $500k recently drawn down is to protect the Tanzanian assets against any cash call that could happen soon after the farm out completes. The board are not partly to this and know as much as we do to whether or not completion will happen in the next week.

We asked for an update on H1 and this will hopefully happen soon. Not sure anything has actually happened here though.

It would appear deals are very hard to complete at present as sellers and buyers have a very different view on asset value. Personally I cannot see any new assets being bought in the near future.

The board as always came across in a very professional manner and reiterated that they are working tirelessly to bring shareholder value. I stressed they needed to communicate this better to shareholders as presently we do not see this.

At present their main aim is to protect our Tanzanian asset and only sell for what they feel it is truly worth. I think most of us would back them on this issue.

I very much hope on behalf of Solo shareholders we have persuaded them to re think the warrant issue. GLA

I have just emailed primary bid as not getting an option to pay

Redundancypot - where are you seeing that’s it’s already oversubscribed
Cheers

If this comes good we should all go fishing at Tropic Star in Panama. Most exciting place to fish in the world IMO. Fly fishing for 130lbs sailfish on lightweight gear. Now that’s fun

IG - your lack of reading RNS’s correctly and working out the difference between late buys and sells, just proves your lack of knowledge and commitment to detail. Anyone taking note of your posts should very much think again.

7.5 million buy dropped in after hours

Myself and Chris will be attending a conference call tomorrow morning with the board. We, along with many shareholders are concerned by the lack of progress during the past two years. This together with how the Board are diluting us for their own gain is in my opinion totally unacceptable. We will update the board after the meeting. The board have reiterated that we will be given no information that is not widely available to all investors.

He sold out of EQT Oct 2019. Sounds like he is just bitter to see it now go north.

In my opinion, which I will be putting strongly to the board next week, they should have taken shares in lieu of salaries at a share price of 2.5 - 3p, this being the SP when they took over running the company. By doing this they would have been granted approximately a third of the amount of shares as they are presently taking.

The warrants should be set at nearer 5p to show confidence to LTH that they feel our share price will recover. To set them at 1.3p is an absolute disgrace.

As I said I will discussing this with the board next week.