Member Info for CrustyPete

The "drill for equity" quote that you refer to was part of a discussion relating to Helium 1 and their IPO Kejoglo and absolutely nothing to do with Solo.

Are you now suggesting that you statement that Solo "undeniably....that Solo is looking at being DILUTED AGAIN" was only in reference to Solo's holding in Helium 1 now?!".... Lol. Total nonsense.

Come on Kejoglo you still have to explain your justification of why Solo "....is looking at being DILUTED AGAIN" What do they need to spend money on that they do not have the cash to buy?

Moreover your statement "Costs are costs and if you are not paying for them in cash - or not paying for all of it in cash then inevitably you''ll pay for it in another way." and " ultimately in the value of shares" is oversimplistic drivel.... soundbites. If what you say was true, no-one would ever invest any money in anything.

Yes, Solo may have to spend $9 million on the development of Ntorya and spending it may well have a negative impact on the balance sheet and, whilst the outcome of Ntorya is neither guaranteed nor immediate their 25% is expected to earn between $12 -20 million in longer term annual earnings.... Will that have a negative impact on the Share Price?!

When in a hole Kejoglo, stop digging. You have been caught in the act of delivering a bigoted opinion as a fact yet again and one that you cannot back up with any evidence whatsoever. Your attempts at trying to wriggle out of it are totally cringe worthy....

Only huge widening of the spread VS and on absolutely no volume (not that we can see anyway), so I would not read too much into it.

And I agree with you that the current sp looks "cheap" but of course that term can only really be applied if you assume that all that we have been waiting for, for months now, actually arrives - and soon....

Here's hoping (and expecting!).

Come on Kejoglo - provide the "justification" for your libellous and "UNDENIABLE" assertion... that Solo is looking at being DILUTED AGAIN.

In nice big capitals so you don't miss it or ignore it again.

Come on Kej - or is it all "piss and wind" as ever?

So come on Kejoglo where is the evidence for your totally unsubstantiated claim that "because no doubt it is undeniable...... Solo is looking at being DILUTED AGAIN.

It is totally "deniable" and you know it - there is absolutely no evidence that you can point to that can justify it - it is only your one eyed opinion; but as always kejoglo when has the truth got in the way of your poisonous (and in this case libellous) bile?

Come on Kejoglo "put up" or "shut up"....

Oh and one other thing steve we should have the AEX final results within the next two weeks - so even though these are figures until 31st December 2018 they should give an indication of the cash position as of the year end and it should be possible to work out ifthe BoD's claim was a fair one or not.

I am also hoping that we will get an update on the current position for cash, Kiliwani, License, Farm-Out etc with the Final Results so we may get some reason for optimism fairly soon. It is for this reason that I have been buying recently. Both AEX and Solo by the way.

As regards Aminex, I have been expressing similar concerns on the cash front for months (Only to a lot of derision and accusations from many) and I too think that the recent fund raise was largely to cover historic and short term commitments, though with a bit extra for Kiliwani work. It is the lack of cash that I have suggested has been the reason for the lack of progress on Kiliwani for the last 12 months - as without a large cash reserve and with no knowledge of when (or even if) we will get the License Extension and Farm Out how can a company spend their last few quid on remediation not knowing whether it will work? Indeed even if it works, with the TPDC claim overhanging the company, even if Kiliwani is successfully remediated, can the BoD be confident that they would ever get paid for the gas?

I think not Steve and I suggest that the BoD are thinking the same... they need to keep what little cash they have in reserve because they just do not know how long they will have to wait for the Farm-Out cash nor the lifting of the TPDC claim. Yes, in the FAQ's claim they have the cash to remediate KN1 - okay so they may have it BUT they may not choose to spend it...

steve I am afraid to say that for a non income earning, non-listed O&G company drilling an exploration well in an African country the idea of getting someone to give them a loan to drill for Helium is totally fanciful.... so fanciful in fact that the idea of an IPO may have proven to be just as unrealistic and hence the reappraisal of their options...?

As all shareholders in Solo are effectively, indirectly, shareholders in H1 and I must admit to being a little disappointed at that news CP. At least with an IPO we would have a ready "mark to market" valuation for our H1 holding. Dealing with a private company does not provide the same clarity or liquidity and means that our holding in H1 will never have as high a "read across" in the Solo MC...

Isn't "drill for equity" and an "IPO for drill funding" pretty much the same thing??

I will say yet again, there is absolutely no point following the ISEQ AEX price - it went up 54% on one day last week simply because the spread went out to over 50%! Now that spread has simply tightened again to only 20%.

And apologies yet again - "I suggest you try and do the same." was not meant as a "recommendation" Lol! :0)

Far be it for me to recommend anything (though I dothink AEX to be "cheap"); certainly not on my own past record, which had been appalling. I am NOT suggesting that you BUY AEX... simply that I am. And only on the basis of a 12/18 month hold until EPS.

Apologies one and all, I have just reread that last post and I can see how that might be misleading. So to make it clear, over the last two weeks I have invested circa £ 25k.

Gents and Ladies. I am not reading too much into the sp movements of the last three days, I have been here too many times before but I am confident that this is a watershed in the pwrformance os oue sp. Dont be dissapointed if it is not maintained on a daily basis. I for one have been here too many times before.

That said, how can it be be bad news. I am just glad that I have recently bought several million shares in recent days at an average of well below 1.25p.... ;0)

I suggest you try and do the same.

Probably just end up with bird shit in your eye Mystery Investor.... ;0)

Agreed BL, one "pair" is a reversal and the other is certainly a "back to back" transaction of one form or another... Bed and ISA or similar - establishing a capital loss outside of a wrapper and repurchase inside (ISA, SIPP, Bond etc...)

In which direction BL...?

Well no great volume so far today but the sp is still on the right track :0)

GL and others who have been here long enough will remember the conversations from years ago that went something like " ...AEX have never had more than 4 "blue" days on the trot..." and even those 4 days were in the heady times on the way up to 7.25p.

I cannot remember a time since then when we have had as many as three; will this be the change of fortune and Momentum that we have been waiting two years for? I actually think it is.

So GL, just in case you are wondering ; YES! I have now ploughed in all my powder... ;0)

For now at least.

Oh and , of course, Gordon Poole.

Try James Crothers or Billy Clegg.... I do not have access to my email and contact list where I am so I cannot give you their email addresses but they shouldn't be hard to get hold of.

So MAX, get on to Camarco and ask them when we can expect the "End Of Year" figures. They must be working on them now, even if they are not already complete.