Member Info for steve58

Bigdouble your efforts are appreciated.

I assume bd and cp are having that very soon if not today.

The bod will of course not divulge any sensitive information but just a general
update on progress made on strategy etc would be most welcome.

Thanks again to bd and cp for their time and effort.

Stalemate you stand correct.
As you say very frustrating almost 2 years since licence applied for.
I’m hoping that solo can be generating £100 million a year income within three years.

I’m not sure if the boards 5000 barrels a day plus includes Ruvuma gas equivalent but probably excludes helium output as not sure if that can be converted to barrels of oil equivalent.

News soon please hopefully before the agm.

More like checkmate.

Everyone’s waiting on a move that will transform both companies.

Although I get the impression that a few of the pieces are missing it will eventually get sorted.

I do find it hard to believe that the solo board have let the whole situation go on for as long as it has. No income for nearly two years. Very little in the way of action by the bod.

Whether they can justify the fees they have paid is another matter. Any deal or deals they come up with have to be good in order to regain the confidence of the shareholders. The agm is only a few weeks away. If nothing materialises by then I would think they will get a very hard time from shareholders. They have said this and promised that. At the moment these count for nothing.

I look forward to a strategy update and some idea of just what they have been up to during the last year.

I would think the chances that the cash raising was used for this are virtually nil.
They have no income a large bod to pay. Need more be said. Could be another fund raising soon.

I don’t think the whole thing has been handled very professionally from the start.

Solo of course have no income and a reducing cash balance. Nearly six months since new strategy announced and complete silence. Maybe next week we will get the news we are waiting for.
Or maybe we won’t.

They have sold off assets too cheaply lost money on them overall.

The fees have to be paid somehow.

Not a very impressed shareholder.

Does make me think if the bod are good value for all these fees they are charging. They certainly have the experience to pull of a good deal(s) but complete silence for months now.

Our cash must be reducing day by day. We can’t do a deal without it. Dilution springs to mind.

They need to get a move on. Shareholders patience is not going to hold up much longer and of course the agm is in a few weeks.

What's up over at aminex.

They had a cash call to pay for the work to bring the gas back on line.

I guess they have spent most of it by now.

As for solo everything seems to have come to a grinding halt.

I thought they had been sold.

However, the sp is down over 50% since we acquired them so not very impressed.

I think they were all sold ages ago.

Still an awful decision imo. A long term hold would have reaped big rewards with no drilling costs.

Nearly 700000 shares average 15p. I think you know my choice.

I think the amount I have invested here gives me the right to be a bit peeved to say the least.

The new board have got their chance to create shareholder value. We have had a lot of promises and a couple of interviews. As I’ve said before talking is one thing acting on it is another thing.

Only time will tell.

Four board members. That's a lot ofor chargeable hours.

We have had virtually nothing.

I will say no more on the subject except the sp is definitely
telling us something. Lots of talking now silence. Seems it's catching.

Too many of them.

Agm soon. I think there will be a few questions asked as to how these large fees can be justified and why the board are taking so long to sort out their new strategy.

Not looking good here. Worse over at aminex.

The bod must be aware of the continuous downward spiral of the sp.

I hope for everyone's sake they get a move on sort something out soon.

Apparently the company called cod acres is growing hemp.

Should be on a high tomorrow then.

On the Bloomberg page there is an article saying reef is doing an rto into a company called Cod acres. Completely confused. Returning to the reef sale it seems it will close in August although nothing mentioned by way of an Rns.

Looked on meteor stone pty website. One of their projects Mitchell Freeway North used over 100,000 reconstituted limestone blocks to build noise walls on a freeway. Let’s hope we get a royalty on each one.

Redecorated twice since those days in 2012 when solo had a farmout room with Neil supplying the teas and biscuits. I hope that some news is forthcoming before the tins of paint come out again. Our share of Ruvuma alone is worth many times our market value with helium one as well who knows what our sp could be. We also of course have the boards new strategy.

Our board must be over the moon.

At least another 3 months before we can monetise.

Hope the board are hard at work sorting this deal out.

Our cash won’t last that long considering we have no income.

New strategy. We have in effect been waiting about 9 months. Not a very impressed shareholder.

Unless something is forthcoming the agm should be very interesting. If they had looked at so many possible deals why has nothing happened yet. Due diligence maybe but due diligence takes time and probably many thousands in fees. Only time will tell if they can pull something out of the bag to enhance shareholder value. Only 31 months until their 5000 barrels a day minimum output.

Been checking out their website more multimillion dollar projects coming on stream.

Leed have invested early should get a great return. I am hoping for rto.

Imo a billion dollar company in the making. If leed own 10% that's over 3p a share.

Mustn't get carried away with it but looks very good for the future.

Atb.

Steve