Member Info for cperkin

They spent a million bringing it to production ready Lupi....did not just buy it and do nothing. Have a look at some of the other information out there.

No great mystery, RM spent 1 million @ the bottom of the copper market to bring the asset up to production capabilities to flip it https://www.youtube.com/watch?v=o7-MdeVGPDQ Do I believe that SML will trun a 60% profit on production with copper prices incresing as copper becomes a bull market? YES

https://twitter.com/MarinKatusa/status/973618634177196032 Timing of this deal looks outstanding, well played SML

Aminex on the slides and not mentioned, conspicuous perhaps in it's absence and understandable from Malcys previous report. "If I were Jay or his major backers I would buy the asset back in and make the fortune they deserve, if not somebody else might well�It stays in the bucket list on value and takeover prospects." https://www.youtube.com/watch?v=cRaqXOzK0_Y www.malcysblog.com/2018/02/delayed-bucket-list-2018-six-new-stocks-now-review-planned-june/ Big reveal by June?

Both here and @ Aminex, funny old game.

Morning Stonefold, the fully Risked NAV for Ruvuma is somewhere around $150 million to SOLO, the assets certainly are not an issue.

Who Mr J prim? Yes they have a 45 day clause and may or may not sell anytime soon. The other 57 million came on the market on the 8th and we have no idea who got them or under what terms regarding their sale & if they intend to maintain an orderly market beyond taking a 5% profit.

Exactly trrime, 57 million minus the 17 million that Mr Fitzpatrick picked up (hope he holds through to Ruvuma ) and then after another 40 odd days Donald strangs other related company get to decide what they do with their 10 million. GL

Some truth in what you say, especially when it comes to "In house" notes. However there are now upgraded 2C resources to account for @ Ruvuma and not a note to be seen since the upgrade & giveaway.

I sent Ben a mail OG with a few links that you and others provided. Should be a good morning for him tomorrow!

They might deem that it's uneconomical to sort out KN-1 willow, not that it should matter much, it was valued @ about $3.4 million to solo and the share dropped by that or more after the last flow results so already built in imo.

They must have used NR's new valuation for Ruvuma, less than $11 million for a $150 million asset ;-P

Chaps, the last sure note was the 12th June 17 and was 0.33p old money 6.6p new and way before the upgrades in resources. The last brokers note on the 4th July (Note it was Beauforts though) had a target of 18.2p - again before the resource upgrade. Estimate now would be North of 20p on the Beaufirts scale! https://www.dropbox.com/s/ltw3zo260r6b9bp/SOLO_120616_FINAL.pdf?dl=0 https://www.dropbox.com/s/01ysv12ztopncq4/SOLOBS.pdf?dl=0

Statoil do have a dill happening this year in the Ruvuma basin Tanzania, but off shore.... so no synergy there that I see, although for Aminex and their off shore licence area, that could make sense? Pure speculation of course.

https://www.statoil.com/en/where-we-are/tanzania.html

In Tanzania in fact & they are already in a partnership with the TPDC

http://tanzaniapetroleum.com/2018/03/14/tanzania-and-mozambique-can-learn-from-dubai/

Most shares peek and trough and thats often exaggerated more so on AIM, thats the nature of the beast and how day traders and MM's make their money. For me it's all about the fundamentals here which are very strong and if the BOD deliver on Leigh Creek as I expect they will, coupled with the climbing copper price and all backed up with profits from Cobre. I am happy to wait, chasing rainbows is mostly bad for the balance sheet imo. GL

Thanks Crusty, don't know what happened there, man flu and big problems posting on the LSE site? Yes 16,883,77 of the placement shares and 3.59% of the total 459,453,669. lets hope they are in sticky hands and lets see if he suck up anymore of the placement?

Well, well, well so thats where the 459,453,669 shares went to. It appears that Jon fitzpatick is linked to Gneiss Energy a specialist in general M&A, business and assets acquisitions and disposals. https://www.gneissenergy.com/about/team Ruvuma springs to mind?