Talatum, It is my opinion , that when the updated MRE 3 is released that this will put and underline the inherent value that SOLG has in its Alpala discovery, and its way above the current SP, the BOD know this hence their statement that they will be in the market to buy many more shares as soon as it is in the open?, IMO, we have been given the heads up, do with the inside info what you will, but for me it was a massive buy signal, which has been proved correct over the last 2-3 weeks, 50p, is cheap for the that asset alone, but there are other BIG DISCOVERIES yet to come .
the question is will the Big players make a move before they are released???
For the BOD to recommend the Divi Payment ??? or will they hang on to the cash until the next payment has been received ??, in any case very welcome and comes as a surprise given that they where holding out the begging bow last week ???,
Maybe they have found the missing Billion Dollars??
GLA LTH anther bonus oil price making a slight recovery
looking positive for another increase this week, steady as she goes , won't be too long before we get back into the 20p range, it was nice to see it jump over the 17p barrier today , the Sp firming up even more as we get nearer to news release date.
How anyone can Begrudge the Directors taking warrants in Lieu of wages, is beyond me, they have invested millions of thier own cash into this project, at well above current Sp, everyone has the same opportunity, its not thier fault the oil price has crashed, and the project delayed due to the low oil price, if i wasnt invested in other oil stocks , i would be investing in here at this low Sp, it looks to me as if the project will eventually get off the ground, i may come back later for a few,
GLA LTH Shame we havnt got like minded Oil Directors who dare put in as much as Jeremy has, instead of lining thier own pockets .
Hi Oldbutwise , I don't think we will hear anything until the new Managing Director takes over the reigns properly, I would think he will be spending the last couple of days and next week getting up to date with all our team and PAT assets, its been encouraging that the Share price has held up reasonably well over the last few weeks, whilst the rest of the market has taken huge cuts, the gold stocks have done much better than most, and with the rise of Gold expected to continue for the forceable, I think we will be in a much better pace over the coming months,
I am of the opinion that India will be closed down for several weeks yet, so ill stick to my prediction June will be the earliest we may hear something regarding permits.
32 Oil operators have made a tremendous donation to Nigeria Government by donating $30 million dollars to fight the Corona Pandemic, I think we could follow suit , at a push, but would have to have some Gaurantees tied to it , like PSC, Proper Regular Payments , etc,
GLA LTH Have a great weekend and enjoy the Sunshine, lets see what next week brings????
For Solg, been planty of bargain hunters out, looking for mineral stocks that are going to see through this Pandemic, SOLG is right up there as one of the best stocks that could see a significant rise , when the Country gets back to work , with the added facts that we are continue with all the planning and Updating of the Portfolio, Directors sitting ready to buy large amount of stocks , then the Elephant in the room Majors looking at the next best opportunity thats out there??
GLA LTH A good week , and long may it continue , we will see little track backs here and there but generally were heading in the right direction over the coming weeks .