Member Info for CrustyPete

"It's exactly the same script as AEX Crusty." So what CP, that is hardly any consolation - they are equally ****e....!

The big difference is that AEX are at no risk of losing their prime asset for NOTHING!

Oh and how predictable is that BD?! I think a fair few of us could have written that "script"......

Ho hum, a few more weeks to pass then before we are all millionaires.

They would still be obliged to announce it CP!! Even the bloody AEX - APT Farm-Out is and always was contingent on a number of pre-completion deliverables.... License extension, agreement on tax position etc That didn;t stop then announcing it.

Such and arrangement is quite obviously a price sensitive piece of information and they are obliged to inform shareholders if there is a deal.

They (we) will need to hurry up and conclude the deal PDQ otherwise we will lose it altogether - and for nothing!

Oh dear, it seems we will not see the CH1 drill with the 25% Ntorya holding intact then.....

I hope they can find a buyer otherwise Solo is at risk of having to concede it to APT and AEX. As Solo shareholders we are lucky that the Farm-Out of AEX hasn't completed months ago otherwise we would have already had to give it up as APT ask for our share of the costs of Seismics and Drilling. We should be thanking the Tanzanian Govt that we still have some skin in the game at all.

And why would "lots of talks going on in the background" make a material difference to the Tanzanian Govt approving the APT / AEX Farm-Out....? As you say BG they only need to "sign it"... Until there is a Farm-Out there is no work programme and nothing for Solo to pay for. If Solo cannot keep up their end of the bargain APT and AEX get the 25% for nothing!! They won't be holding things up for Solo discussions.

No BG there is only one thing stopping the Tanzanian Govt from approving the Farm-Out and that is the Tanzanian Govt....

Well that is your position BG.... thanks for that.

Whether or not that may be true BG, in and of itself that is no justification for speculating that it is all down to Solo's 25%..... there could be umpteen alternative reasons. And of course the old chestnut that we have all gotten' used to - the Tanz Govt , PURA and / or the TPDC. Ultimately in all previous situations one or other has been at the bottom of any delay and I am 99% sure that one or other will be at the bottom of this one.

Well that may be your opinion but more likely yet another theory to hide what is otherwise just another Tanzanian Govt based delay..... there have been a huge number of similarly devised theories over the years all of which have ultimately proven to be nothing but pure fantasy; the underlying issue is simply the chaotic, random and utterly inefficient Tanzanian Govt.

But Riverfort won't be lending much at all until and unless AAOG have an asset to spend it on. How do you spend £1.5 million on light bulbs and electricity... ? So that risk isn't significant in my view.

I would be inclined to wait until later in the day before declaring that 2.5 as a BUY - I wouldn't be surprised to see a delayed trade for the other side of that; Back to Back maybe?

All of your comments are valid but whilst I would accept that after their losses and scale of their holding that are definitely locked in: the market could not support selling at that level. However, there is nothing stopping them buying more and averaging down...

Or maybe Tiburn Miton they do not share your optimism that Forum have or will have a suitable vehicle to effect that proposed RTO within the 6 month cut off period allowed and therefore "why throw good money after bad"? And surely if an RTO was imminent Miton woud know about it....?

Fund Managers tend to not make 50:50 bets; indeed 80:20 "bets" are unusual so what does that say about the prospects of an RTO....?

As I have said before those tax losses still remain if AAOG is a private company; how essential is an AIM listing. Preferable I would agree, but necessary?

Nothing has changed in that regard; the question is not whether they can contest it but whether they can afford their 25%. I have long stated that my belief is that there will be more than one drill at Ntorya before the project starts to produce an income and in those circumstances Solo were always going to be forced to sell at some point - it is not a question of if but when. I expect them to hang on for CH1 results if at all possible - I suppose their end of year figures will give an indication of if whether that is likely, or even possible. It has long been suggested that they have more than enough to do so but, as we all know, continued delays will damage cash reserves and balance sheets eventually if you do not have a reliable income stream to keep the wheels turning; AEX shareholders know that to their cost and Solo are in no different a position.

getting those outstanding invoices paid would assist both businesses.

Not in Frank's case Apache..... he has a nervous disposition ;0)

Sorry Frank, only joking :-)

But who would want to sit next to someone that smells of Buffalo...?!

;0)

It hasn't been since Dangote built a road into the area adjacent to the drill site.

Oh and by the way, I hope you are right BG but I would rather just get a date and quickly than dither along waiting for any material news - there are so many questions that need asking.

Here's hoping for a blue day - GLA :0)

Even a stopped clock is right twice a day BG but that also means it is wrong for the remaining 99% of the time.....

That is all about compensation for poor advice from IFA's and Brokers on high risk shares and CFD's etc. Nothing to do with self executed trades on AIM listed shares. And nor against the Boards of those shares.