Member Info for matherdj

Why didn't you ask him?

P4NCH, I like your HOLD recommendation. You haven't got much choice on that one :)

Neil, there are II's investing as confirmed on the call. Hopefully that gives you a little confidence that this is a good deal.

If you don't mind me asking MJ, what's your breakeven?

You can see why negotiations have taken so long with the amount of pauses between words.

I totally understand your caution crusty, but I have to say I feel reasonably confident. Quite a wait if this window isn’t met and it looks like both sides want to get moving from recent news and RNS. If the window isn’t met then I agree the SP won’t react favourably. Fingers crossed hey.

I think it’s safe to say that the zubairs are speculating that the license will arrive and spud will happen come December/early jan by there intent to progress long lead items and money to aminex that was previously part of the farmout completion agreement. Looking good but nothing is certain. They need to be in before the wet season.

I'm not sure you can call it corruption Max. Certainly not handled very well from a business perspective (is that the governments fault or a communications error from our BOD?), but it appears we are coming to the end of the PSA reviews and I see no reason why once they are done, things won't move on. Frustrating for us as investors in Aminex but then that's the risk you take with investing in Africa. Hopefully not too long and maybe in time to celebrate before Christmas. Fookin hope so!

What do you mean by ‘any time soon’ max? Seems to me to be likely soon ie I expect they’ll be drilling in December.

Would a takeout even be possible with the binding farmout till June? Related party so I assume if they could try they’d have to get it past a vote they couldn’t be included in.

That 140mcf is based on the gas processing plant spare capacity only. They should be able to achieve 40mcf from each well if they manage the pressure correctly with future wells. So I guess we'll get some idea when we see the size of the pipeline proposed from Ruvuma when we get to that stage.

Yes, the last I saw was issues with the oil pipeline progression. I think the main 36 inch pipe can carry roughly 0.8 billion cubic feet per day from memory. It will be interesting to see what size pipe they intend to build to Uganda/Kenya.

That sounds amazing but surely they wont be able to get the gas processing plants in place within that time. They really need to start acting if they are going to meet the opportunities that are there. It's there for the taking if they can reverse the lethargic culture that seems to exist historically.

The share price has been misrepresented for the last few days with an ask that wasn't correct. It's basically been flat for the last three days.

They aren't rinsers, just people buying and selling shares. That's how a market works and a share like SOLO is bound to be volatile and attract traders. I don't see anyone posting anything negative apart from you saying the price will inevitably drop due to so called labelled rinsers. Seems like there isn't long to go now before things start turning, if they haven't already. Just need some of the expected positive news flow to arrive.

Shame it doesn't mention to corresponding gas pipeline. Have you seen any progress reported on that one Chris?

OG, that would make sense if they were waiting for the 25 year development license. This is just an extension of the previous license which has been extended before without that question.

It’s worth noting the 3m is in instalments and not a lump sum.

Apart from 3 million?

Fantastic news! Not perfect but full commitment. Happy days :)