RE: Emailed Buchanan2 Jul 2019 16:52
"Solo is fortunate to have optionality with regards to its monetisation strategy and the Board believes that its proposed growth strategy will further strengthen this optionality. By this, we mean that we are in a position that we would only consider offers which we think fairly value our interest in Ruvuma, and all other investments. Our balance sheet remains robust and we retain the option to fund our working interest share of forward costs, including the proposed Chikumbi well, as the JV progresses the project towards development and material cash flow.
Whilst the intention remains to divest of part or all of our interest in Ruvuma, we will only do so if it is in the best interest of shareholders. "
When they sell it, probably post development licence then we will see how it's carved up. Worth $20 million today but with the 25 year licence risked NAV would most likely be in the $100 millions.