Member Info for opp03ite

Asset now worth 4 times current SP based on current Aminex offer.

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I think you should read the last RNS then Neil. They have brought forward work with a significant spend from post 25 year development licence to appraisal licence.

Looks like a squeeze to me, weather that extends to BB posters like it clearly did at the AAOG/Zen deal remains to be seen but it would not exactly be the first time on the LSE!

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Don't know what you mean by defenders, just laying out what I see & I think credible is stretching the definition way beyond it's meaning Neil.

The asset is valuable, the Zubairs and Aminex are both already balls deep in it and I expect the Zubairs would like at least 75% & as almost 30% holders of Aminex, a small increase puts them straight into RTO and 100% post any SOLO deal.

The last RNS from the Zubars under the name of Aminex made it very clear that the "squeeze" is on.

As for the Bod here, they either complete their diversification allowing them to wait out the game or sell the prize that others seem desperate to secure.

Price? they set that already with their current offer.

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Might as well send a wet blanket to a dog fight Neil.

Asset has a clear value with high to very high upside potential, hence the real dog fight & Squeeze.

Always money to be made out of a a squeeze, it demonstrates high asset value potential.

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Yes.

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Lots of small manipulative "Squeeze" trades. Looks like market abuse to me.

fjones, there company have an asset with a CPR and a value of $20 million so over three times the current SP. The value will reflect either on the licence being issued and or the sale of the asset, both of which are in progress as per the last RNS.

The "Squeezers" will tell you different.

A week next Friday

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Amazing -6% on sales of £1600

No doubt it will climb just as fast on £1600 of buys eh!

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Another post deleted, too close to the truth it seems.

The Indians send signals from the rocks above the pass, the Cowboys take positions in the bushes and the grass

Squeeze!

@Kejoglo

Slight problem with your theory, there is no significant buying volume so there is no volume to "sell you do the river" Now if someone wants the asset at around the $20 million current offer price then they either need to make such an offer or buy solo shares on the open market and thus drive up the price.

I agree that the Zubairs along with Aminex have begun the "Squeeze" but it is a limp squeeze till the licence is issued which then values the share at £15 mill minimum.

Be interesting to see which posters are aligned with the "Squeeze"

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As per my post last night Neil.

This will be deducted from the €1.0 million deposit paid by Solo to ONE-Dyas on execution of the SPA. Solo has already received €0.5 million of the deposit and the remaining balance due of €0.27 million, should be received on or before 13 March 2020.

The Board is confident that the Company has sufficient cash resources to meet current firm budgeted commitments within its existing portfolio of assets in Tanzania, and to cover general working capital needs for the remainder of 2020.

Neil, Tanz RNS this month.

"the Company expects to have sufficient cash resources to meet current firm budgeted commitments within its existing portfolio of assets in Tanzania, and to cover general working capital needs for the remainder of 2020."

So what cash call? Any cash call beyond the current firm budget would be reliant on the licence being issued and that values the asset at a minimal $20 million unless of course the money owed for gas already delivered is paid and there is some activity over the other shared licence area. Whats that, around £500,000 cash to SOLO?

Squeeze = something to squeeze over.

Very blatant. Always money to be made out of a squeeze as it is always over something with real value.

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Neil, any cash call beyond the current firm budget would be reliant on the licence being issued?

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@Kejoglo. So you think a company is going to buy the asset for less than the $40 million already on the table at Aminex and more to the point the Board and shareholders would accept such an offer?

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Deluded would be someone that bought in years ago on things like Reef. The Market cap clearly does not show the value of the real assets the 2C and GiiP, all drilled and with a CPR currently open in the data room.

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Only 25% of the assets built in to the SP

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My m8 worked on the NT2 drill and confirms that they almost had a massive blow out. He reckons the next drill will need a better rig and equipment to deal with the very high pressures they encountered at NT2.

As perks says mherby they have a CPR for all the assets in Tanzania, if you don't know that then you should not be investing or even commentating.

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Confident enough to have already spent $millions and release a further $3 million early to Aminex for drilling prep.

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