The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
The RNS says ' we are pleased' twice. Well I am bloody fuming over the fall in SP.
Over the years I have heard people say that Solo / Scirocco has enough oil with UKOG to pay for Brexit, enough helium with Helium 1 to float the USA off the planet and enough gas in Tanzania. There is no doubt that assets have been described as being excellent yet we have never been valued more than the price of a Country Manor. Not sure what the BOD pay themselves for being complete failures but I remember NR getting £150,000 some years ago. The only good thing now is that a few years ago a 9% drop would have cost me hundreds of pounds now just the price of a meal. Have to laugh or you would cry. As you say there can be very few AIM companies run as badly as this one over the last 10 years.
Always 'ongoing' nothing ever done. Good summary in their own words.
Got really excited when I saw the red dot but when the first sentence did not say ' We are pleased to say' my heart sank. Sank further as I read through the whole RNS. Shambles. Hope SP doesn't fall too far today.
Now making a big come back. HL seems a few minutes infront of this
Hate to say it but ARCM is down nearly 10% on HL site
Unfortunately many of us are in the same boat Sheldrake. I have made the mistake of believing what CEO's of AIM companies say to my cost in several cases. If only people could be honest the world would be a better place.
It doesn't seem that long ago that this was above .3p and flying. A placement at .28p was announced, for no real reason that I could see, and ever since it has plummeted. I was expecting it to double and it has more than halved, with PC all the time saying how well negotiations were going. Is he a liar or just incompetent?
Can't call myself a major shareholder but would like to know what is meant by long term. Have been here for over 10 years with no return. Do I have to wait another 10?
He seemed to be grabbing t figures at times to me. What did he mean by stating that normally you would expect 70 % full setting strength within 10 days but our tests achieved over 100%. How can you achieve over 100%? of full setting strength?
I always used to look forward to seeing a red dot against the RNS for Solo/ Scirocco, expecting positive news. Now I dread it as this company only produces bad news. Nice to see someone making money out of the company but it will never be the PIs who always get shafted.
He did say negotiations were ongoing but how far advanced. I sent him an email stating that I was more than disappointed after all the assurances over the xmas period that things were going well. I asked him how far further negotiations had progressed. First time I have not had a reply.
I sent an email stating that this result was more than disappointing after the assurances that all was going well over the xmas period. His negotiations with other bodies must be well progressed or we will see a further fall. Hope he keeps us better informed and stays truthful.
A lot to read but I was hoping for a lot more positive news to come out rather than a list of debts and payments. Fingers crossed for the SP