Member Info for CrustyPete

Oh and you mght want to spend some time opening a dictionary and finding out the difference between a fact and an opinion. It might save you further embarrassment at your ignorance the next time you post, laddie. ;0)

Maturing my posts? I suggest that you attend to your casual, trite, throw away platitudes and then I won't have too.... Better to wait until the second thing that enters your head next time rather than the ill considered drivel that you served up this morning.... Just got up had you?

That is self evidently not a statement of fact jamtart; it is just your opinion.... I and many more would suggest that we would be a lot better off getting rid of it after NT3 drill and the 25 year development license (as indeed even NR has stated) when we can sell it for a lot more money. But obviously you know better and getting rid of it now for a pittance would be a better strategy. If NR's detractors do manage to get rid of him I hope they don't offer you his job... ;0)

"the moaners"? "Quicker we sell that bloody thing off the better."...... Look in the mirror.

Stonefold I will refer them to my previous post: "..... I did not mean to suggest that it would be only AEX and Solo that would be affected; of course any shares that are being transferred away from Beaufort will be affected and that will be many dozens / scores of shares...." And further... "The good news is that in none of the reference sites that I have been able to find do Beaufort Nominees show up as a significant holder." I am not and never was suggesting that there would be a major flood of shares hitting the market, simply that the Beaufort debacle is unlikely (as many had suggested) to have Zero effect.

It will be interesting to see what those same people say when the timings of announcements due, drill drill and the delivery of such things as Licences, GSA (or equivalent) are similarly delayed for Helium 1.... Because if NR continues in his typical manner they could end up in the same pile of doo-doo as Orca and M&P have for going public with "confidential" discussions and negotiations

steve you say "Nr is tied by what he can say." well that is not quite true over the last couple of years NR has "leaked" information to the market some of which has been proven correct and a lot more that has been proven to be totally wrong or misleading. And yet still people like trrime wonder why AEX have now chosen to keep him in the dark..... Not least because every time anything leaks they take a beating from the TPDC for the indiscretions of others. As I said the other day it would be totally ironic if NT3 and KN1 remediation had been set back because of any of these many indiscretions..... But of course the Neil Ritson apologists wouldn't even consider that .

trrime you suggest that AEX shareholders are using the dilution to deflect from the lack of new regarding KN1 and NT3 - whhc by the way is nonsense as AEX shareholders do not care about Solo's dilution. But have you ever considered that the reverse may well be true? Neil has, yet again shocked and disappointed his shareholders by going to market for yet more money, contrary to what many believed was a commitment to the contrary before the "proof of concept" that is required for his "Investment Company" through monetisation of their existing assets. As he has previously "promised" to give shareholders participation via open offer for any significant developments for Ntorya (funding NT3) he deliberately misled shareholders regarding the NT3 date so as to suggest that this wouldn't be this year as another significant dilution for Solo within a calender year and prior to NT3 would have most of them running for the hills..... As it happens I do not think Solo will give shareholders an open offer for NT3 drill (he will use Riverfort loan) but, of course, he couldn't say that as that woud be another broken commitment.

You don't trust AEX trrime and I don't trust that Neil Ritson knows how to run an "Investment Company".... Investment companies are run to get a return on investors capital and yet he doesnt seem to know what that means let alone how to do it....

Oh and as for "demanding information", there will be an AGM within the next two months; failing all else all those questions will be revealed there if not before....

AEX are not holding news back trrime, the unfortunate fact is that there is no new news.... JB has already made clear that because of the size of the Kiliwani basin sourcing a compressor that is suitable is not an easy process; they know what they need but finding one that is immediately available is proving problematic as there are very few of sufficient size (though I admit that is just my understanding). The NT3 rig issue is similar, they require a drill that is suitably robust and uncomplicated to suit African situation and yet sufficiantly capable and adaptable to drill the next 5, 6 or more wells. That in itself is not easy but then it needs to be available both now and for the next few years, at an acceptable price and finally doesn't require AEX and partners paying through the nose getting it shipped halfway round the world. The 25 year license has been talked to death; as JB said the other day the License is just a "process" that they need to go through. A convoluted legal, administrative and, most importantly, political process involving umpteen bodies, some of them competing for political recognition (TPDC and PURA). This process has been changing all the time (PURA didn't even exist in September 2017) and isn't written down; I suspect that AEX are simply feeling their way through it.... Moreover as I presume you are aware the TPDC have asked IO to submit a revised Commercilaisation study which proves that the "process" is in motion but that the clock has been reset whilst the new study is considered.

AEX shareprice is now still 300% of what it was in August 2014, Solo's is now 25% of what it was at the same time..... Yes the delays have contributed but you cannot attribute that disparity purely to Aminex trrime, that is pure nonsense. You need to wake up and smell the coffee.

Same old tired nonsense trrime..... so here's my response from yesterday which, of course, you failed to answer. As you rightly point out trrime Solo is not a one trick pony; Solo has assets that AEX doesn't have and yet they share many of the same Ruvuma assets. The only asset that AEX holds that Solo doesn't is Nyuni and Nyuni has very little "value" according to any of AEX's own in-house brokers. However the "market" values AEX as being worth circa �100 million based solely on those Tanzanian assets. Solo holds roughly 25% of the same assets and yet the market values Solo at only �13 million and that includes HH Helium1 and the rest. Surely it should be at least �30m plus the HH and H1 assets? So bearing in mind that the delays in news affect both companies how do you explain the HUGE difference in the relative values of the two companies trrime......? The difference is purely due to the market's lack of conviction in the concept of Solo as an Investment Company and a lack of confidence in the Solo BoD to prove it. That is 100% down to NR and the Solo BoD and this last further dilution simply twists the knife in shareholders ribs. The reality is that Solo have had to have another 14% dilution and yet raised $1.5 million via the Riverfort loan only three months ago and that was expected to cover overheads for a considerable period. The �1m that was spent on HH is grossly overpaying bearing in mind that all of Solo's assets are discounted hugely when translated into the sp so spending �1m on an asset with questionable value was never going to have a proportionate impact on the sp; quite the opposite that purchase and increase in assets has been discounted down to zero almost immediately.....

pops27, deja vu all over again; how many times have you trotted out that same old mantra? NO there will not be a dilution ahead of NT3 - that is why they have a $3.5 million loan facility to fund NT3 drill. The dilution will happen after NT3 at a much lower rate and then only if the BoD haven't managed to arrange a farm out first...... But please pops don't let common sense or reality get in the way of a good story; my goodness me anyone would think that maybe you were short of Solo! Heaven forbid.

And of thsoe 21 are in response to you - so the answer seems fairly obvious to me.... Oh and you forgot to add fjones that the �9k I mentioned was an error and that the figure was �20k.... and still you continue to betray confidences.

And furthermore Solo shareholders complain about the pace of change with AEX's Tanzanian gas assets - what makes you think that Solo or Helium 1 will manage to progress things any quicker on their Helium assets....?

Yes steve I agree but do bear in mind that whilst Solo only have Kiliwani and Ruvuma AEX also have Nyuni and that probably balances Solo's non Tanzanian assets. Besides which I personally do have have any concerns that Ntorya will fail but it will still be a little while before we see any material developments. As NR once said even once we get a compressor for KN1 it will be 2 / 3 months before we remedaite the flow rates and by any estimation NT3 spud will be another 5 months away yet..... GLA

The tructh is even more simple CP; in effect the BoD have given away 14% (a 14% dilution) of Ruvuma and other assets to cover operating expenses and a 5% increase in HH; and that despite borrowing $1.5 million only a cpupple of months ago to provide all of the below. - the final reconciled expenses for the Ntorya-2 well and flow testing in Tanzania, in which Solo holds a 25% working interest, � screening engineering studies for the planned Ntorya early production scheme and full field development, � a Competent Persons Report for the estimated gross 1.34 trillion cubic feet ("tcf") gas in place Ntorya accumulation, � additional studies at the Kiliwani North producing gas field, where Solo holds a 7.55% interest, � upcoming long term well testing at the Horse Hill-1 oil discovery in the UK, in which Solo has a 10% participating interest in Horse Hill Development Limited, � pre-drill technical work within the Helium One Limited investment in which Solo holds a 10% interest by means of shares, and; general investment working capital needs over the next 6 months. So what the hell do they need yet more "operating capital" for? Something here smells bad. But just as CP says I am not gpoing to comment further for fear of being branded a "de-ramper". I still have a meaningful holding here and further moaning will not help mine or anyone else's cause. So it's bye bye from me; for while at least.

I have reached a simlar conclusion CP. I have however decided to keep roughly half of my holding (for now at least) if only so that I can attend the AGM, or EGM if such a thing happens, just to let the BoD what I think about their actions.

I am sorry but I have to disagree stonefold; if you look at the terms of the individual ISA and SIPP providers the majority (90% plus for ISA's) insist that any "inward" transfers are effected in cash...... I would agree that it is not compulsory and there will be exceptions but the Terms and Conditions of the underlying ISA/SIPP providers often dictate it. Note that this is for ISA's and Pensions not GIA's (trading accounts)