Member Info for vike1

SOLO will definitely sell its stake. If AEX are farming down because it's too big for them to handle, it's way to big for a minnow like SOLO. It's good news in that it puts a value to our asset, and proves there are deep pocketed buyers out there. Our stake will most certainly be sold to ARA (Zubair Corp).

Say what you will about the price, on the same valuation, our Ruvuma stake is worth $17.5m. I'm sure NR is looking for a higher price than that, and I hope he gets it, but even at that low-ball, it's more than our current market cap.

Using an Asset based valuation of just Ruvuma, H1 and HH, based on latest transaction prices, our basetment rate market cap should be: $17.5 + $4m + $3m = $24m (£18m), or 50% higher than today.

Before getting up in arms, this is simply based on latest transaction vals, and doesn't account for upside to any of our assets (HH biggest near-term catalyst). We're trading at a deep discount for no reason, and should be at 4p today. The AEX deal helps crystalise the current value of one of our key assets.

I can understand the mixed feelings AEX shareholders have about the farm-out deal, but it should be noted that it is unequivocally good news for SOLO, and should be trading much higher on it. The same deal to SOLO would be higher than our total Market Cap, even before accounting for HH or H1 value.

50%. makes SOLO's share worth $50m. Plus cash flow for the next 25 years.

Floor has been set. SOLO market cap is now stupid low. HH is just a sideshow to the story here.

No more risk of dilution, and free carry to development....

The Bid hasn't budged, therefore movement is of no benefit to holders (yet, we hope).

Interesting that these meetings, with a big Omani business delegation, are currently in Dar. Perhaps the BoD would've be better off there this week rather than hosting an AGM that could've been held in May.

https://www.ippmedia.com/en/business/tanzania-and-oman-challenged-balance-volume-business

Aside from seeing a technical RNS later in the day stating 'all resolutions have been duly passed', we *should* see an updated presentation posted as well.

And good luck!

CP, look forward to catching up tomorrow. Pls remind NR and DM that Don Strang is NOT and independent NED. We need fresher blood onboard to help steady this ship.

I'll be there tomorrow for all the fun. Wouldn't miss it!

... because I'm down so far, but this share really is a screaming buy. Market Cap under £10m is absurd with the assets we have. Have now been leap frogged by ALBA, who have a similar HH holding to us, and mining licences nowhere as developed as Ruvuma.

And we all know there's only one reason for it: the market has completely lost confidence in management. The m/c would likely jump 20-30% simply on a resignation letter from NR.

It may be a bit shorter than 90 mins. I expect the AGM presentation to basically be the same as last year's, with a couple bullet points added at the end stating: (1) io did a report for us, (2) Kiliwani is a bust, and (3) RPS also did a report for us.

If there's a slide on internal operational progress, a simple gif of a tumbleweed blowing across the desert would suffice.

It's my choice to stay invested here. As an owner of the business, I choose to engage with mgmt. Perhaps you should crystalise your losses as a sunk cost and make your millions elsewhere.

And jonfb, say what you will about Ritson, but he does attend and present at investor forums. It's one of his few redeeming qualities. I had a good chat with him at the UK investor show in April. Did you not bother to attend? Have you not bothered to attend any of the AGMs? Haven't seen you there.

Should read 'cfo can be not reappointed...'. Poor choice of mobile word scribbles.

The CFO can not be reappointed to the BoD and still keep his job. No need for a compensation claim. It's not unreasonable for a company to have at least one senior manager that isn't on the Board (tho perhaps too much for solo). Agree re the point on what he's done to deserve a massive YOY jump in salary. The guy works from home most days, and still takes him 6 months to assemble a bare bones half year report. Otherwise he's just a news taker. No money for new investments. Interested to know if he double dips by getting a fee for sitting on the Helium One Board. Any fees should be paid to SOLO as he's representing solo shareholders, not working independently.

Does the market hate SOLO so much? Ukog and Alba both getting serious love today. Will we catch up?

What the hell is Strang doing on there? He was due to step down. A Big NO to item 2 for me. The last thing we need is more bl**Dy non independent directors on the Board. Seriously, what is wrong with these people!?!

Re-election may change by director. They're often elected for a 2 year stint.