Member Info for cperkin

Seems a reasonable conclusion BG, still lets get to the 40 and 140 scuffs first :)

What twaddle Kejoglo, I with some others gave up my free time to represent shareholders to meet the bod to address exactly that point.

Now then which is it option 1, 2 or 3 for you Kejoglo - it's not option one unless you have failed to declare so that leave 2 or 3

Now then lets explore why you are here posting for 18 months on a share you are not invested in.

I see only 3 logical options (since you like Logic Kejoglo)

1.0 Short - no reported shorts on the AIM FCA site.
2.0 Paid troll? - could be and understandable because you are paid
3.0 Unpaid Troll? the crazy kind

So 2 or 3 it must be, which is it Kejoglo?

Well worth the watch and listen for anyone that missed it due to the intervening dribble posts. Explains very nicely the history and the planned production @ Ruvuma.

https://s3-eu-west-1.amazonaws.com/vox.assets.private/july/AEX+-+Presentation+V2.mp4

Thanks to sambo12

BG, "Madimba has 2 spare expansion slots and that this would allow capacity above the figures quoted." these are jays words in the Turner Pope presentation around 5mins in where he states potentially the 140 scuffs could be exceeded.

https://s3-eu-west-1.amazonaws.com/vox.assets.private/july/AEX+-+Presentation+V2.mp4

Not AIM of course Eastmidland, this share is main market listed.

https://s3-eu-west-1.amazonaws.com/vox.assets.private/july/AEX+-+Presentation+V2.mp4

Thanks to sambo12

Most welcome, I should add that Aminex have a $40 million free carry to production so $40 million of that $170 can be treated like cash so brings the comparison down to at least $130 million. As Crusty points out this I think assumes the development licence in place?

Yes Crusty, hoping that someone will link the full report so we can see the exact details by asset....

Hi funboy, A normal retail sector you would take 3.5 times earnings, so $36 million but Oil & Gas is a more difficult sector to value on earning only because it all depends on 1p, 2p, 1c, 2c reserves etc.

Aminex have a brokers note today valuing them @ 4.8p or around £170 million. I have not seen the details behind this but most of it will be for their 25% of Ruvuma and solo hold the same %

RNS 7850V confirming NR stepping down on the 6th August and the appointment of Alastair Ferguson

Alastair Ferguson commented:
"As the Company enters a critical phase in considering the commercialisation of its core assets in the Ruvuma Basin, the Horse Hill discovery and its exciting helium asset, I am delighted to be invited by the Solo Board to become a non-executive director and Chairman-designate. As the strategic focus of the Board turns to how to provide a return to Shareholders through the monetisation of its assets and the eventual reinvestment of at least part of the proceeds, I look forward to bringing my own expertise to the Board to deliver this outcome."

Can only go on whats in the RNS #5165U or just make up a load of Bull like Kejoglo of course.

Future Allotment of Shares
Prior to the effective monetisation of at least one of the Company's core assets the Board intends to seek shareholder approval for any new investments; or any further material acquisitions in any of its existing core portfolio assets.
It is also the Board's firm intention that an open offer, open for at least 21 days, will be made to shareholders as and when the Board believes that new funds are required to invest in the Company's existing core assets.

Future Distributions to Shareholders
The Board reiterates its existing policy on the distribution of cash or shares from the future monetisation of significant core investments, including the Ruvuma PSA, HHDL or Helium One Limited. The Board's policy is to distribute to shareholders the majority of the proceeds of any sale or farm-out, in cash or in specie, depending on the terms of any such divestment and the commercial and tax effectiveness of a distribution. Any distribution to shareholders will be considered by the Board on a case by case basis bearing in mind also the Company's Investing Policy.

To the hopeless I guess everything must look optomistic.

Spud date please oh operator of the assets.

75% discount to the NT-2 result price & funded to production.

Good luck buyer :)

Lol willow you could not make it up could you. You would have to mad to short this now ;) enjoying the sun and watching for the new bod to kick start the money.
Good luck all.

Poor clown has after 18 months finally worked out what an aim share is..bless.

Got to laugh. I think Kejoglo has finally worked out what 99.5% of aim shares are.
It's picking the ones with tangible assets with a near term upside that's tough.

Ambulance 4 cell 9 the clowns escaped ;)

PMSL...makes complete sense

Thanks StoneFold a nice piece of analysis a shame the dribble gang bury it with nonsense.

Malay makes it clear and as pointed out by others the glaring market cap issue.
Aex hold 25% of the asset. Solo hold 25% of the asset.
Aex map 80 million solo 11 million......