Member Info for Early_Bird

been buying a few here, fallen from 190p highs last yr to 13p now. Two catalysts in the next few months. Expect speculators to start to take positions ahead of Q2 test data which if positive could see pretty explosive gains from these levels.

Think 20p pre test data on speculation is reasonable but also we have Oncology Clinical Development Collaboration due in March which can bring the heat along with potential divestment of Ureka

GL long termers hope you make some of your losses back!

please can you provide reference for the $190m retained losses. Thanks in advance

Of course they can.

As I said here before the licence can come when it comes... new management from Gneiss havent been brought in for nothing.

Expect a very exciting new addition to the asset base IMO.

They want cashflow producing asset and also have a great deal of interest in Ruvuma.

Free carry on Ruvuma unlocks the 6-7m cash and also mamagement are clear no dilution and exisiting asset base can be leveraged from.

Exciting time here for the holders buying in to the new team.
This is a 100% new board, incredibly lean only 3 directors.

This is currently trading valuing Ruvuma at 0 anyway so anything there such as farm out will be significant for shareprice here from this level.

(6.5p director buys level)

Reassuring that they lumped in £60k end of lasy year

SP here now wothout seller should hopefully rebound back to these levels pre permit

Thats Amati Global now out imo.

they had 4,430,590 left mid jan .. tell tale sign is trade ends in 90

SP could now rocket

yes over 100% premium to current SP... now is the inflexion point here... Araguia is now full de risked and Nickel prices are looking to turn.

Fully funded for 2019, this is one share you cant afford *not* to be in.

https://youtu.be/MG4zKwwnjn4

Director Jon Fizpatrick is largest shareholder of 5% and sunk £1m of his own cash in to SOLO which is now sitting on 50% loss. Jon is the MD of Gneiss and its clear he is now bringing on his team to position SOLO to capitalize on its very strong position.

So we know we have a number of interested parties wanting to farm in to Ruvuma. Current thinking is that SOLO could leverage a similar deal to aminex whereby they get free carry which then unlocks their £6.5m-7m warchest to go shopping with.

Licence doesnt have to land in that time either, the farm-out would obv be conditional on the Licence but either way it unlocks the warchest.

This is where I think we may go if licence drags on as it brings the situation back in to SOLO control. There are many options here and with this team im very confident. They clearly suggest they are reviewing cashflow generative opportunities... afterall why bring on this Gneiss team if you arent planning a big chess move

Risk v reward here second to none for me. Great opportunity.

Gneiss Energy are acting as advisers to CLNR on their farm-out to Shell

They also advised RRE on their Dyas deal

They are now moving into SOLO. All the old guard here now gone, this is now a totally new beast with some of the best connected oil and gas professionals in the london markets.

Big warchest and big assets.

Direct *current* read across value as follows:

$20m for 25% Ruvuma (based on AEX Farmout 50% for $40m carry)

Cash/ukog £6.5m

H-1 £2.8m (based on last funding round)

KN-1 Nominal (conservative)

Total = £25m (conservative)

Current Mcap £10m

Shouldnt be hard to start unlocking value!

Solid update. All tallies with with Alastair and Jon F were saying in Nov where they wanted to cut the chords with and association with bucket shop and become a company that is geared towards higher end investors/iis. Guess Jon F who is the largest shareholder is getting his Gneiss energy team heavily involved now. DM booted and Gneiss energy management coming on. I see that as v positive remember Gneiss were responsible for RREs dyas deal which was v transformational for them

"The decision to appoint new executive leadership reflects the Company's ongoing move to rebalance its portfolio towards producing and cash flow generating assets"

Wonder what asset they are eyeing ??

Also good to get confirmation that they are having interest from a number of parties on farming in to Ruvuma - validates its huge value.

To me this company needed to take back control of its direction instead of just waiting for things out of their control (Ruvuma licence). Reassuringly they look to now be leveraging themselves a position where they have other exciting cashflow producing assets in the crosshairs and when the Ruvuma licence lands its lands and that will be great.

Have bags of cash so yesterdays Aminex placing to move things along faster can only be good here... we're largey waiting for them to pull their finger out.

Still my largest holding and best risk v reward play in the oil and gas arena for me this.

Although the placing was a ludicrous discount and management screwed up massively here, I see this level as a buy op given operationally they are growing at a huge rate.

Lots of sells atm are through frustration which tbh I can understand, they will subside in next week or so imo and people may regret selling here.

Was over 9p a month or so ago and a higher MCap placing aside. So if you use logic company is now in a better position yet cheaper.

One thing is clear management need to start looking out for their shareholders - lets see more PR

Also article here:

https://t.co/k4hrCWQOCt

agree. great buy op at present

hopefully 2.5p breaks today, proven a bit of resistance recently but with Nickel now here at 13k im amazed this is still sub 3p.... got a good feeling a big move is coming

I will be.

Total shambles, I turned down the 6p placing and said it take minimum of 8p (even thats a pis$ take). The way the company have been bullied (or paid off) by an II that wanted 6p to screw everyone else isnt cricket.

Company do no PR so nobody understands this deal. If I dont see action from them on this front ill be selling out as itll be 12-18months before market understands this

Almost criminal the price given its been all good news since IPO and they screw us existing IPO holders who have been holding very patiently with a 40% discounted placing. Greedy b*stards

Trading update is very strong so management clearly havent a clue how to conduct things to maximise shareholder value.

Where is the PR/interviews?

with Nickel at this price, projected cashflows are huge

not forgetting TRP are in a court case as they owe HMRC £850k

perhaps real reason for raise?