Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Well looks like this one is a complete loss. £50k since 2011! Anyone know if this can be put down as a tax loss? I’m PAYE, but could a self assessment be complete to register the £50k loss and some how get paid tax back ?
I’ve no idea if this is even a thing just hoping we have a tax knowledgeable person on here who could share some info.
Need a detective to see how those funds are split down and paid to our directors via alternative routes.
They would not have these agreements in place with Gneiss to grow the company, they are only in place to strip every penny possible and increase their own personal wealth.
Would need to check the end of year finance statements from Gneiss to follow the money. No doubt all of the directors have other ltd companies set up and some how contract to Gneiss as consultants.
Get him out! CT1 is 99.9% guaranteed to find gas! And this guy is making it sound like we are drilling into an unknown basin.
No wonder no one wants to buy it!
I’ve No interest in anything else he proposes to invest in.
We came for Ruv Basin, we stayed and invested further due to the success of NT1, NT2, 2D seismics and gas sale agreement, Put this one to the side lines and held for many years waiting for CT1 and 3D seismics, farm out and final production.
While all that happened we’ve watched NR attempt to purchase other projects to allow Solo to generate money and have enough funds for when the day come solo would have the funds to pay for it.
Millions of dilution spent on other projects which amounted to not a great deal.
There was the Purchase of pot and pans minerals
The DL Gatwick gusher
HE1
Then came the idea is 20:1 share consolidation - worst decision of the all.
The pointless change of name.
The company has been ran into the ground! But we always has Tanz to fall back on, impossible to mess up. So I thought.
I’ll get to my point, Some projects failed but HE1 didn’t. HE1 investment was to help create the millions needed for Tanz. MJAPAC no.3 great question, where has this money went.
Why would gniess need to take a fee for this sale, what did they do?
NR attempted to find the funds TR has legally stripped the company of every penny he could.
We will all receive a letter to respond to allowing us to accept or decline the offer ?
BigD, if you’re still in contact with NR can you see if he want to return from retirement ;)
Mrc - I don’t care how they want to grow the business. I’ve had no interest in all the noise and BS they spoken about regarding changing the direction of the company. The company was Ruv basin - that it! Every other project Solo have, scir have been involved with since 2012 I’ve had no interest in - Tanz is where the money is!
If the directors wanted to go down a different path they should create a different company.
They were given Solo and stripped it dry for their own personal gain.
How it legal.
Where has the millions gone? Millions in cash has left the company.
I’ll be really honest - you’ve done my head in over the past few years posting on this board. All they way down from 5p to 0.4, should of listen. Never thought we’d miss out on tanz. You were right.
25% = $1billion - we get £3m after spending >£20m
Solo - NR - is the reason why The NT1 discovery was made.
NT2 - they discovered more gas but pressure was to much for the well hear
Improved seismics
CT1 is 100% guaranteed to be a success
With a good chance of oil.
After all this the LTH get 95% loss. Wtf.
Steve - we’ve been here long enough to know the next drill is not going to be dry.
It’s a deal that keeps LTH locked in (are they going to sell at 95% down) there is zero upside from tanz. Makes no sense, £16m on only if there is exceptional results. Exceptional results should have seen us reach the original NR prediction of £100m MC.
I’d rather lose the last few quid left to stop the BoD and Genesis make their millions.
https://wp-wentworth-2020.s3.eu-west-2.amazonaws.com/media/2022/06/Proposed-Ruvuma-Acquisition-Presentation.pdf
Two key words stand out wet £16
‘’Just’
‘On in the even of Exceptional performance’
Wtf!
100% voting against this.
I’ve around 1million shares. Not much £ today but all purchased many years ago, long before the 20:1 consolidation.
Minimum £20m and 5% free carry.