Member Info for bigdouble

All this talk of Solo and Aminex going bust needs to be stopped. We have a way forward at present that accelerates development and we need to see how this pans out. We have had rocky times before and I’m sure by April 2019 thing will be very much clearer. There’s very little the new board can do in the next 4 months so those who want to average down take advantage of these low prices. It’s all a gamble but the assets have not altered. Some of the derampers have now bought back in as they know the recovery could be very profitable. GLA

RainbowRider - my belief is the sells are something to do with legal action, either Ya or Hope maybe even both.

Regular sells started at 15 mill, then down to 10 mill and now 5 mill. Until this seller is sold out MM’s will be hold the stock back. Don’t quite understand why no official declaration of reduction in stock has been made, needs investigating imo.

Tucked away 4 mill at these levels. Another buyer also taking large chunks

All locked and loaded, took a while as few selling

Yes, hoping for 5p plus during 2019. Potential is enormous and new Board will soon have this moving north.

IMO Solo is now in a far better position than our past operator Aminex. The farm out deal will be voted through 4th January and then over the next two month the deal will finalise. First cash call is likely to be $300k for our share of new seismic data, far less than many thought. One would hope than soon after the deal completes Kilwani will be producing again and then comes the big drill C1, previously known as NT3. IMO the drill is unlikely to happen before June, which gives Solo plenty of time to sell their HH shares at 2p plus. If the drill proves up as expected, the Zubs will hopefully dig a little deeper into their pockets - my view would be a sale in the region of $75 mill for all our Tanzanian assets.

By then Helium 1 would hopefully have gone IPO and we could even see the company pay a final dividend before its closure. Unfortunately, I cannot see a final SP / dividend of more than 8 - 10p a share which will only help those long term holders that average down at these low levels. Many hurdles still to jump over, but hopefully by March 2019 we will have a far stronger operator who can for once get things done.

I have no doubt Ritson fell out with the Aminex Board as IMO they were and are completely incompetent. Brain Hall and Jay lined their own pockets, did not protect the asset and I feel they lied about their great relationships with the Tanzanian government. The sooner they are taken out of the equation the better.

Yes CP think the board are pretty safe on this going through, would be financial suicide for shareholder to vote against it.

Would be very surprised if Aminex shareholders vote against the farmout. If they did there are stark warning of what could happen. Things moving pretty slowly, which gives Solo time to cash in on HH at hopefully a much higher SP than the current share price.

Think all Solo can do is sit back and see how things develop in the next 6 months.

Solo has to also agree to the farm out to the Zubs

That’s what they said, don’t hold your breath though

They probably can’t find their login details.

Cperkin - yes what about CPR though

When is the EGM for the farm out deal?

The Company is actively working on the Circular, which will include an updated CPR. Aminex expects that the EGM will be held prior to the end of November.

Expect another one after hours

It’s because they are purchased via a broker throughout the day, then posted as one lot after close

They couldn’t give a toss for their shareholders, they never did

Can’t say they are not consistent. Bunch of overpaid liars

Was rude not to at these levels

More interested in how I stop my portfolio bleeding.