Member Info for steve58

We have to keep up our sense of humour. At times on here it’s about the only thing that keeps us going.

If tommy cooper were still around he would probably say licence farm out licence farm out just like that.

News tomorrow maybe last day of November.

Googled it and got Mr potato head.

December soon and still no news.

Looks like helium will be producing before Ruvuma.

You know I wouldn't argue with you.

Your points are valid ones.

As long as the assets we have make lots of money that is really
all that matters. We are of course an investment company as our
newyas board have clearly srated.

So income of five times current marketime value.

Include Ruvuma if we still have it then

The sp in under two years could be very different.

I may not be correct in my asset calculation.

Although if you include the helium investment we could be earning a lot more than them by 2020. Of course we may still have our 25% Ruvuma investment as well if it hasn't been fugly monetised by then.

Correct me if I'm wrong but aminex have the same as us 25%.

The only difference is we have to pay our way. I have ignored their share of kn1 as is far outweighed by helium one.

We have waited nearly a year for kn1 to get sorted.

No income for 9 months. Not exactly very encouraging.

Aminex up we are down.

Makes little sense to me.

To think that we have more assets nearer monetisation than they do.

Good evening to you.

Just back tracked on value in March 2017.

Shares in issue about 7.4 billion adjusted for consolidation about 370 million.

So was 18.5p equivalent so market value about 68 million pounds.

If assets have increased 11 fold should not current sp be about 118p giving a market value of £750 million.

We currently sit at about 12 million pounds. We of course still have Horse Hill and helium one investments and a few million in the bank. Looks a tad undervalued imo.

I would not be at all surprised if the Zubairs patience is wearing a little thin at the moment.

If memory serves me right it has cost them almost nothing. The 5 million is payable once the farm out is signed which is probably dependent on the licence. No licence no drilling no farm out. It is good that solo have a share of a multi tcf gas discovery. The bad part is it will be worth nothing if no licence is granted. We must hope that it doesn’t come to that.

A concern of mine is given the low sp we could be a takeover target at a very low price. I think the board would at least vote their 10% against any derisory offer. They know the assets are worth many times the current sp. whilst some short term holders would probably accept say a 3 to 4p offer many of the long term holders need 10p or more to break even.
Would be a very interesting scenario if an offer for the company was made.

I have about 70000 reasons to want things to turn out right here.

A closing sp of under 2p defies logic. We have assets worth many times the current sp.

The problem has been slow progress on Ruvuma licence and ntorya remedial work.

Once these are sorted an£ drilling takes place the true potential of solos assets can be realised. IMO by way of a complete sale and special dividend to us long suffering shareholders.

Our cash in the bank would be about that so I would be very surprised if the sp falls much further given the assets we hold. Of course if the Ruvuma saga drags on months more any confidence in the share will evaporate.

All depends on news and very soon.

1.80 to sell.

Not good.

Hopefully as the last rns. Just under 3%.

Thanks for info.

About how many investors would you reckon attended.

Seems to have gone well.

Twitter photo does it not favours.

Did the company pick up the drinks bill?

Looked really interesting or what.

If dividend paid in cash no tax implications if in an isa or a sipp.

Tax at your basic tax rate or higher rate if into high rate threshold including all income for a tax year if not.

Good evening to you.

Meeting should be interesting although as they mention no new news will be forthcoming.

The board know and shareholders know that solo are massively undervalued. They are doing their best to improve value.

Once licence in place imo solo will monetise a large chunk if not all of Ruvuma returning cash to shareholders by way of a special dividend.

Should be starting soon.

I’m sure we will get updates throughout the evening.

When you think that today people have been queuing and fighting over Kevin the carrot fluffy toys.

Things can’t be that bad here.