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Filtered.. Rubbish use of this board,, why
Needs a friend
Only one investment ie solgold..
But drags it down ????
Why????
It doesn't take a genius to work that out..does it?
We have a perfect storm on our hands
BHs focused on driving the sp down to the floor to then mop up the shares at a ridiculously low price. This further reduces the confidence of the market in this company
The mm's continuing to exploit the volatility of the sp to extract any underlying profit to be made in the wake of uncertainty in this company.
A management unable to react to the market forces and instead allow the sp to drop and ownership to transfer to the BHs without reply.
A jv in the wings uncertain as to the future viability of copl to see this through and maybe take over the lot for next to nothing when they pull out of JV negotiations with probable cause.
Its very much like Hurricane Energy which was almost given to it's BHs with the Pis being diluted to 5%, the PIs were saved by one significant Investor who was able to stop them through the courts.
Amazing that the directors are not investing in the company at these low SPs.
The whole thing stinks and borders on fraud in my opinion
Austin you are absolutely right. If any of you have ongoing serious concerns about the company GET OUT.
How hard you work to turn a positive RNS into bad news is amazing considering some of you still hold while at the same time weakening the sp and therefore the underlying value of your investment. What's called a self fulfilling prophesy to lose.
It does not make sense .???
DM has it right , it's simply down to unwinding shares for executives who have left the business and 898,886 and amounts to 0.03% of shares in issue, ie irrelevant.
This has just become another opportunity for the mm's to make hay out of poor communication by SOLG investor relations people.
SP is important when negotiating jv's, bond issues etc and the mm's couldn't care less what effect their trading has on the perceived value of the business.
In case you missed this from Hurricanes bb
RE: All shareholders please write toToday 12:37
Hi All
The following message has just been sent to Mr Maris.
Dear Mr Maris
You may recall I wrote to you on 8th February reminding you that any decisions that are made which are unfairly prejudicial to
small shareholders can result in a claim being made against you for unfair prejudice.
I have some concerns surrounding the present offer being put forward by the Directors.
Whilst I can understand that CA having nominated Directors on the board will be in possession of certain information which
is not in the public domain I cannot understand how Kerogen are in the same position. Would you please explain how this shareholder
became aware of such information that prompted them to endorse the offer with an irrevocable undertaking of support ?
Whilst on the subject for the sake of clear transparancy I must ask you to confirm that neither you or any other representative of
Hurricane made any approaches directly or indirectly to other institutional shareholders with information of the offer and attempting
to solicit support prior to the offer being made public?
For the avoidance of doubt I refer back to my earlier message and advise that the current count of independent shareholders who
might create Group Litigation is in excess of 80.
I do not intend at this stage to comment on my views of the offer. I do require a response to the questions raised in this message
very promptly.
Thank you
Make sure also to let us how Kerogen were involved as they have no board representation, or am I wrong.
They are using our dividend rights as sale proceeds to acquire our company. Why have not paid it to us, a formal sale has not been achieved, theft of our company may be if not stopped,,,,,,,,,
"As set out in the Company's announcement on 2 November 2022 of the launch of a Formal Sale Process ("FSP"), in the event that the FSP does not result in a transaction, the Board intends to commence a significant capital return programme with up to $70 million (equivalent to 3.1 pence per share, converted at an exchange rate of GBP 1.00:USD 1.15) to be returned to shareholders in Q1, 2023, upon completion of a capital reduction.
Further to that announcement, Shareholder approval is now being sought to carry out the Reduction of Capital, which would enable the Company to make distributions to its shareholders in future, subject to the Company's performance. The Reduction of Capital is conditional upon the Company obtaining the approval of shareholders by special resolution at the General Meeting and confirmation by the Court"
The question is do we have to
On 2nd February the Court agreed to a reduction in Hurricane's capital to enable a distribution to be made to the Shareholders at CRS request to monetise its holding.
Where is it and when did the distribution happen if it did Happen.
Why did it not happen if not?
What did the court agree to and have they been told that the funds are now being used to finance the purchase by Prax?
Is this non-distribution now part of the funding for the purchase by Prax.
Its a con, IMO
What do CRS shareholders think about the deal announced by Hurricane in this mornings RNA .
Hurricane shareholders not happy with it!
That the bond holders are converting at the current sp means that they believe that the sp has reached it's floor and something afoot
SP depressed to blazes and bond holders convert at ridiculous low price
Look at Hurricane for similar history when 95% of Its shares would have ended up in the hands of its bondholders until they were stopped by Crystal Amber who took high court action to stop them. The sp is now back to where it belongs with good prospects ahead...
Our bond holders can simply convert and the share price is being manipulated to facilitate them IMHO.
Is there no value in 1 billion barrels of oil or is that just a figment of Arts imagination
The sp is lower than when my initial Investment made before 1bl b was discovered, you could not make it up. IMHO.....
We need a white knight on board to save the situation and get new management in place.
My reading of this is same as other boards I follow, good news is a signal to the mms to trade out and wait until others follow then get back in.
It's a concert party
Hold
Buy
My reading of this is same as other boards I follow, good news is a signal to the mms to trade out and wait until others follow then get back in.
It's a concert party
Hold
Buy
Bond holders moving quickly to get full exposure to the expected hike when jv is established...
I'v just filtered the most obvious paid disrupter on this forum. His negativity is totally false and presence on this forum quite recent.
Posters must realise the damage such posting impacts the sp and some new to investing get caught up with it.
The sp has a direct impact on the Company's ability to raise capital and when dealing with an investment opportunity like solg is criminal.
Of course this sort of interference has been part of the world of investment dealings for ever but that does not make it right, such misinformation leads to undervaluation and robs real investors of the true value of their holdings.
Gaz what the he'll are you doing on this board.
Nothing negative in the rns but you have introduced the UK economy to spin some negativity...
Now we have a CEO with skin in the game 18ml shares.
So under the restructuring the bond holders become the new majority shareholders and subject to the same manipulation and outright thievery by the BOD. Once they become shareholders they lose all their rights, same as we shareholders who apparently have no rights
This company will need further cash in the future to develop their franchises and who will give it to them? Maybe a new lot of Bondholder set to acquire the ownership of Hur and it's assets, then off to the races again!
Let's hope the bondholders see this for what it is, a scam imo! Of course we do not know who the bondholders are and what connection they have to the BOD. I'm sure CA will issue a writ for discovery in order to find out who and if their is a connection between the BOD and the bondholders.