Member Info for randomaxe

I've sent three emails over the last two weeks and not had a single reply, has anyone heard anything? Thing its going to be game over soon. GR is useless.

Solo Oil’s Executive Chairman Alastair Ferguson said:

“We are wholly supportive of the Operator’s proposed work programme that aims to move the JV closer to re-establishing production from the field, whilst also gaining important reservoir data that can be used for future field development. The Company believes there is good upside potential to be realised from this asset and we look forward to reviewing the final data alongside the Operator. Solo’s growth strategy is predicated on establishing sustainable cash flow and we therefore look forward to seeing production from Kiliwani North-1 back on line in due course.

“We also remain committed to realising the value of our interest in Ruvuma, but the current situation continues to reaffirm that the Board have taken the right strategic decision to diversify the business in terms of geography and asset type, and take greater control over our future.”

Woo hoo, looks like I finally chose the right time to re-invest. Lets hope for news tomorrow. This is so underpriced, if we get sign off it should fly.

Is there still time to get a drill done?

I sure hope so fjones40! Its about time! I will be refraining from ranting on this board about lack of progress though as I've sold out 2 or 3 times already only to invest again, so its my own fault at this point!

I've had another punt here (what am i thinking....) put me down for 1.2p

You'd think by now they'd know if needed one was interested in buying. If Mr golden tickets drags this out till the end of the year and doesn't have a decent offer then his already bad reputation will be shot. I know we've already made him rich but I suspect he still has future aspirations, sound (or the shareholders) will haunt him.

For £20k I wonder what they paid for them....ouch!

He'll never go voluntarily, this is his gravy train. Only plus is that the useless crook looked even more unhealthy than normal during the webinar.

If the share price keeps dropping he's not even going to be able to raise what he needs for the loan so we might be put out of our misery soon either way. Great work GR.

Not looking good here at all. Need some positive news asap, and not in the form of yet another asset.

Why on earth aren't we already flogging the ones that are sat idle? GR has spent years on RHA and Zulu and achieved feck all. He must think he's going to live to about 300 if he plans to develop any of the other assets.

Well what did folk think of that? Went as expected really. Repeatedly said he has no thoughts to take prem private but then did say without the increased headroom in shares prem would struggle to continue? The manganese mine does look good assuming the presentation is correct, sounds like the loan is a way to make a little cash and build a relationship, especially with the new board members. I was a bit confused about what he said regarding the short term loan that was secured against some circum shares, did he say they want to convert that to prem shares or how does that work?
Sounds like AGM RNS will be issued next week. Also NIEF meeting next Tuesday and a meeting with minister of mines has been postponed till the 23rd.

what email address do you use?

I never received anything either and I've been registered for webinars?! Has there actually been some recently? What a shambles, no mention of it anywhere?! Can we watch them anywhere?

Nope

It does state that this investment is only a "portion" of the agreed amount. Still it doesn't sound that positive a development....

I'd say we're in the dark days now, what was the share price back then? Had it crashed by 90%??

A £40k buy and the price stays the same?! That's taking the pi55. Hopefully it's someone in the know and we'll get a positive RNS in the morning....

Glad we've got funding while we wait longer, just hope we can take the fact that their is a circum connection is a good sign and and not the start of an asset transfer, its a very short term loan and what happens if not 6 million or circum ipo in the next couple of months? Another convertible loan leveraged against more circum shares?

Circum connection as well

Well lets just wait and see who wants to buy it and for how much, if it all.

Yeah they took a pay cut but they're still on way too much for what they've delivered, i.e. sweet fa.

Duster after duster after duster followed by delay after delay, and lie after lie. Its the BOD that aren't fooling anyone any more, particularly the market. The share price is basically lower than it was 5 years ago, how much has their salary increased in that time? They have failed, and lied (sorry 'marketed') spectacularly along the way.

Another lesson learned on AIM, only plus is that this will follow JP for years and stop him swindling anyone else.