Member Info for Jettydog

Our main issue is that our two main assets are controlled by external entities.
So Ruvuma is dependent on ARA and the Tanzanian authorities, our CEO thinks Q1 2021 for the CH1 drill Okay completion of the farm out would be good news but we also need to understand what our own bods position is regarding Ruvuma, are they going to find the cash for their share of the 25% or sell?
As for Helium they say IPO in H2 2020 but that was pre-Covid so they may or may not hit that target, outside the respective companies we have no clue.
I still have confidience in Solo but patience is the key here, it isn't a short term play.

There have been a few big sales (i.e. 15-30m) either last trade or mid morning the last couple of days which have been easily absorbed by the buying pressure. The turnover this week looks to be over 1,200m shares or 30 % of the company shares so either the same shares being bought and sold by day traders or Ebioss and friends are draining the bottom of their shareholding.
The price looks robust despite the above behaviour.

The buy/sell classification is a guess by the system. In this case a big 15m sell went in at 0.42 so anything over that is probably a buy. The system gets caught out when things are moving fast.
Good luck by the way.

I am playing golf this afternoon, I now suspect I may come back to something begining with a 0.5.

Thank you for that David.
That is around 600 million shares in March. As we are now in June and given recent volume levels that really is a small number. It is good to see the back of Ebioss.

Tiny spread means the MMs have no stock to sell here.

I am using the American billion here of 1,000 million of course.

I am using the American billion here of a 1,000 million of course.

I would also like to know who owns our shares.
Ebioss makes sense as the big seller as they owned around 36% at the start of last year but have been reducing steadily due to their financial state. Even if they still had 30% at the start of 2020 (very doubtful) that is 1.2 billion shares. Check out the volume since last Friday, it's over 1.2 billion so even if they have any shares it's probably a few days worth at most. There is of course the day traders and possibly even management turning a few of the shares they got in lieu of salary into cash.
I guess the answer is to treat it as an opportunity to get in at a reasonable price before the handbrake is released.

Hi BD, that earlier 7 million now showing as a buy, no wonder this has been dragging a bit despite all the buying this morning. Quite impressive we can have a 30 million sell and still be blue, onwards and upwards.

And another 3 million so 10 million share sells absorbed in 40 mins, gone and still we are blue.

Hi Analyst, at the time in 2018 Ebioss owned around 36% of the shares from memory and they are now pretty much out of the picture which accounts for the massive depression of the share price. The first North Fork money is already in the bank and lots more to come as I recall from the deal so any new deals announces is revenue on top of this, cashflow looks positive.
I would be interested is seeing an up to date shareholder list as it looks like Inava and Altair are here long term and I suspect the rest of the shares are currently held by Directors and PIs.

Wow indeed, almost exactly what we were talking about this morning. At 14 million market cap with the North Fork money already in the bank.

A different point made here, PHE even with the recent drops has a MC of 54 million and ITM despite modest revenues and and a stonking loss of 9.45 million in 2019 has a MC this morning of 1,581 million. Yes either of these companies may struggle longer term but you cannot extrapolate this to Eqtec with an MC of 14 million a great pipeline of projects and as of 1 June excellent funding for the next 12 months. We are looking a bargin and if the proposed projects in Greece and the UK do go ahead our 2020 revenues would reflect this many times over.

I did check out the report suggested and interesting reading. What I saw was tonnage of waste processed in the UK up 9.9% year on year and EfW plants in the UK represents 45.5% of the overall UK residual waste market. As this relates to Eqtec, growing market and still plenty of growth capacity in the UK. However Eqtec's big play is largely outside the UK where the market depending on where in the world the project is probably less well developed and growth opportunities are larger.
Clearly large scale projects like this are difficult to put together and get commitment. Eqtec is an engineering company with clever and effiecient technology they are looking to deploy on client projects. Typically we are not an operator but on some projects the company is providing help and consultancy on the operational side. That is why the range and scope of cooperation with large scale operators as we have in the US is vital and absolutely the right way forward.

The real telling measure is the spread which was around 10-15% last week, now its showing a 6% but in reality its nearer 3%. Sure sign the MMs are low on shares and are struggling to cover the orders.

The issue here for a while has been the long term institutional seller which with todays volume must be out now or at worst very close to it. Added to that Palumbo's confirmation of the rescheduled funding and the Agrigas final approval expected during June with Billingham also on the cards it is all looking very positive.

Hi, yes all fine thanks. This is Solo so I still expect it to take longer than we think.... :-[
The ARA investment is hugely important but I would still like to know what Solo plans to do. Do we sell as many here seem to favour or raise the cash, invest and reap the long term profit which currently I tend to prefer.
Also any sign of anything happening with our Helium friends?

Hi Chris, there is no volume, a mix of "sell in May and go away" syndrome and the fun and games on the FTSE100. The day traders are all making their annual bonus on TUI so don't need to look at AIM at the moment. The spread doesn't help either, MMs not keen to hold either so you need a 10% profit just to get your cash out.
I agree once the buyout is complete and operational plans are published we will have a much better picture on the value of the asset and Solo's future.

As stated in the posts below, we have a big seller and that in turn is driving away buyers as there is no short term money to be made.