Member Info for steve58

Does make me wonder if any of these so called game changing assets will ever be monetised. I'm certain they all exist or am I just worried about the total lack of news.

Right on that one. I cannot believe that ourselves and the so called operator have let things deteriorate this far from the drilling of nt2 and all the huge gas reserves that were going to be monetised. Still waiting on that one and everything else it seems.

I sure hope june is more exiting here than may has been. Couldn't really be any worse.

Nearly June and still nothing. Very tempted to sell up but over 70k loss so really stuck until news breaks. Absolutely awful news flow pr etc. I'm not surprised investors have lost interest here.

Imo the rate of progress here and at the operators is inexcusable. Placings loans have come and gone directors have been paid for what seems not much hard work, although they would probably say they deserve every penny. Unless things get sorted and soon the respective agms could be very interesting to say the least. Some of them may even be out of a job sooner than they think if the continuous failure to deliver shareholder valup materialises.

May be but we need him to cook something up. Actually more Ben Turpin trying not to laugh.

Good morning to you. I still look in here most days. Spotted a post and thought news today but not to be. As far as we know money from limestone sale is in the bank with more to come. New investment looks interesting. Hope we hear something positive on the news front soon. I think annual results have to be announced by end of June and filed at Companies House.

Nearly 80k down myself so probably why I am a bit fed up with the way things are going or should I say not going.

Only have just under 700k so small fry compared to some. All in tax free wrapping. So basically waiting. Like everyone else on here.

Regarding dividends, everyone however much their income is allowed a �2000 annual dividend allowance tax free. If shares are held in a pan isa or sip then dividends are tax free however much you receive. If held in an ordinary nominee account or certificate form then anything over �2000 is taxed at 7.5% for a basic rate taxpayer or 32.5% for a high rate taxpayer. So best in an isa or a sipp. Looking forward to having that problem here.

I�m banking on a special dividend payout. Only hope here I think. Newsflow non existent. Shareholders are IMO being treated dreadfully as for the operator I will keep my opinion to myself. I will just say the sooner we get out of this mess the better. Im so far down here I�d have been better giving it to reef and take my share of 13 barrels a day for the last six years. I do hope it comes good here for mine and everybody else�s sake but as the months turn into years I�m not so sure anymore.

No excuses this time. We have four monetisable assets. I note from the video that nr mentions the outright sale of Ruvuma. Given the progress currently IMO the best option is a complete sale and withdrawal from Tanzanier gas. What worries me is nr states that if Ruvuma is monetised the proceeds will be invested elsewhere. I would like to think that shareholders would receive some sort of special dividend but knowing nr and solo anything is possible.

So about 11p sp. I would like to think would be at least double that on our assets and news expected regarding drilling in Tanzania Horse Hill tests. Still no news on helium one. Oil at nearly $80 a barrel for sweet crude so could be a sizeable after cost sum coming our way. Could be about �60 k a week if existing test rates are maintained

Could be a reverse takeover of solo a merger or absolutely nothing. Or should I say it a change at the top.

Looked at accounts filed at companies house. Showing over 200k owed to company by him. Maybe company advanced him the funds to buy his solo stake. Corporation Tax nearly 250k so must be over a million profit. Doing much better than solo which will probably show a larger loss as impairment on kilwani north in excess of 500k if the write off in the Aminex accounts is taken into account. A claim has been made by TPDC which if payable would mean solos share would be in excess of 500k. So overall nothing much to boost the sp unless some farm out sale news etc is forthcoming.

I stand corrected. Doesn�t change the basic problem here. Asset rich cash poor. Lack of newsflow. I hope that it turns around here but how long it will take is anybody�s guess. I have a sizeable amount invested here and truly want it to turn around, been here since reef days so definitely a long term holder.

Charge for nt1 depletion about 4.5 million so that would be about 650,000 for us given our share. That�s any profit wiped out already. So basically nt 1 drilling costs and income earned have been a complete waste of time and money IMO.

I see from the aminex report that bonuses are being rewarded to executive directors for successful drilling of nt2 and enhanced shareholder value. Hope nr is watching closely. Seems that the boards of many companies are just milking the shareholders of their investment and paying large salaries bonuses share options etc which are far from justified. Their AGM should be interesting to say the least as should ours.

Forgot that oil from testing will be sold and at a much higher price than two years ago. Helium one. If ipo a success we could even have a free carry on say 5% stake selling the other 10%. Tanzanier is the one that really concerns me. It seems to drag in and on. Little or no news on nt1 compression problems. Now tdpc are after millions of dollars from aminex and they are months behind on their payments to them. IMO get out of this mess ASAP as I have said many times. If we can make a tidy sum in the process I think many shareholders would take the money and let aminex and the zubair corporation get on with it. If you are producing the goods but not being paid for them why bother. We still have our overheads to pay so why should they have to be paid by way of loans and equity issues. Regarding the new director appointed. The fact that he already has a sizeable holding in solo shows that he has already shown interest kin the company and that should bode well for the future.

What concerns me is all the expenditure that will have to be paid on Horse Hill Ruvuma Helium One. Nt 1 income is next to nothing months behind in being settled anyway. Operator is being pursued for millions of dollars 25% would be due from solo We have the loan to drawdown but that will soon go How much longer must we suffer dilution. Asset rich cash poor. This can only continue for so long.