The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
What exactly have you heard Frank?
We are all wanting this to rise but constantly pumping with zero new info is just annoying. No one knows anything until the RNS is released, that's the reality.
Let's discuss the pros, cons, and potential rather than Fake News!
A great find Perks, hopefully, that will help stop all of the barriers the Gov seem to be putting in the way.
Good move I'd say John, take some profit now. Unfortunately not in a position to that myself here.
Let's hope this is done today or at the worst case only another week or two on the extension. surely some news should be coming from AEX as to what the hold up is.
Perks, if this is a behind the scenes transaction going on between AEX, ARA, Solo, and Wen, surely they have to declare that to the market, don't they?
I'd like to think that you are right BG in as much as the Zubairs do not want a third party in the mix so have bought out Solo's share of the project, that would benefit all parties and allow Solo to go on their way with a lump of money to re-invest whilst them and AEX can then move forward with the Ruvuma drill and beyond.
John, I can confirm that I paid 0.90 for my purchase at 9:20ish this morning and it is showing as a sell, it is a waste of time looking at those trades, no idea how this can be so wrong, if I were a potential investor today that block of red with apparently no buys would possible cause me to hesitate to buy-in.
Agree, we need the Tanz Gov to stop delaying and put pen to paper so we can kick on, can't understand why it takes so long for them to achieve a simple signature!
For note though Nelly, I've just added a small amount to my holding so at least that should pay for the pot :)
Agree with you Wigwammer
In the Q1 financial results, they note - "Continuing focus on monetizing spare capacity by processing third party volumes"
Any idea on what capacity is currently being utilised and what we have left to fill?
Even at 15p, this is a steal IMO so much upside, and if the debt is restructured and capacity filled like you said it will go exponential.
We have to remember that we have 46 producing wells and millions in income before we consider the processing plant, yes there is a sizable debt, but as long as the wells produce and we can maintain the debt there is no reason to be concerned imo.
DYOR everyone but for me this is still a great buy.
Agreed S4K, plenty of strong producing assets and huge positives with this play, yes there is substantial debt but that is being maintained by the income without issue and with the possible restructuring of the debt it can only improve the stability.
Oil prices will continue to recover and the production will then restart to capitalise on the higher price per barrel IMO
DYOR and good luck, we've had a great week so far, lets hope it continues to gather momentum and return to where it should be.
Given the assets, where do we think this recovers to?
It wasn't that long ago that we were in the 30p mark and just over 12 months ago near on 100p
Thanks, BD, your efforts to talk to the board are always appreciated. Sounds like we need a new proactive PR / Marketing company that will lead the board with update management rather than just wait to be told.
Randomeaxe, I get that and agree we all want to see this progress as quickly as possible, has it never honestly crossed anyone's mind that the more we neg it, the more potential investors are spooked and either choose not to buy or sell both of which sends the price down.
Was it the perfect interview, I guess not by everyone's reaction but I thought it was clear, honest and probably gave himself some wiggle room. I believe that the drill will happen before end of year BUT, as we know the Tanz Gov are slowwww, perhaps that's why he allowed himself the extra Qtr? - You know the unforeseeable, out of hands stuff.
If he had said, we will drill in July-Sept the price would have shot up Friday and then dropped in July-Sept when it didn't happen due to the Tanz dragging their feet over something, all we would have done is pushed that disappointment further down the line, surely everyone can see that can't they?
Anyway, my tuppence worth!
So you'd rather he lied or set himself up to fail in his first interview then Max? I appreciate the honesty personally and if it comes in sooner which I believe it just might then that's a bonus, but each to their own I suppose!
Totally agree and said as much on Friday, and if it doesn't happen until Q1 then what's a couple more months between friends, been here and Solo waiting on this for what seems like a lifetime anyway!
The negatively surrounding this interview seems crazy to me but hey, keep going, let's get that price down so I can top up some more :)
"blew the chance of a drill this year"
Relax Frank, think he's just playing it cool, new in the job, the first interview, he's not exactly going to sell us the short term dream and set himself up to fail, is he?
If it's Q1 then no issue, but if it turns out to be Sept then that's great.
John, my opinion is that it's just to aid with cash flow to stop them needing to come to the shareholders whilst we await gas production at Ruvuma. From what he said if I understood it right, we would be looking to go in on a producing asset and take an income for that in exchange for a bit of what we have (Ruvuma).
I'd personally rather it was done that way than come to us for money again, we have an extremely valuable asset in Ruvuma and a lot of companies will be willing to dip their hand for a bit of it.
Absolutely agree with you on this Matt, Think he was cautious to lay the cards on the table and say by Sept before the wet season kicks in so went safe, can't blame him to be fair. Under promised but expect to see this spud this side of Christmas IMO, DYOR.