Solo Oil Share Discussion Threads

[colnabean] 23/5/2017 14:10

Spot on Dan : it's about time small shareholders really got involved with the workings of the AIM market. It's time this market was properly and subject to much closer scrutiny.

[kevjones2] 23/5/2017 14:09

Hi Dan. I don't rate NR at all but invested because I rated the prospects mid-term. Took some profit but invested more (.45p breakeven). Very pleased with shareholder activity which was short, sweet and direct. I intend to look forward now that NR has been duly chastened.

[dan_the_epic] 23/5/2017 14:02

You really have to say that this BOD are an absolute farce.

Clearly Helium One isn't a superb investment opportunity then, or they'd have pushed it through regardless.

Shareholders would do well to keep applying the pressure to this BOD. Don't rate them at all. Really poor.

[colnabean] 23/5/2017 14:02

Interesting? now those I encouraged to attend the meeting can stand down. I now challenge the CEO to explain why a 10% share in an unlisted private company which has no revenue ( as far as I know or verifiable assets for that matter ) is worth paying £2.5m for. Looking forward to someone/anyone providing me with a detailed response which can stand the scrutiny of an independent audit.

[simon8] 23/5/2017 14:00

hallelujah..... shame we didn't get the chance to kill the first helium tranche! at least Ritson and co have been held to account at last and have backtracked.... they are now on notice to pull their fingers out and make something of our existing Tanz assets...if they don't next call should be to remove the lot of them......

[kevjones2] 23/5/2017 13:59

Nice to see shareholders getting their message across. Nice to the bod react accordingly. Poor oul NR had nothing to say in that RNS - an extreme rarity.

[wh0sthedaddy] 23/5/2017 13:55

What a bunch of incompetent morons

[c31161] 23/5/2017 13:53

Rns meeting cancelled

[colnabean] 23/5/2017 12:38

Realcooltrader : you're absolutely correct but that's predictive and corrective text for you ha ha.

[doerx2] 23/5/2017 12:21

Trust in ritson diminishing quickly.

[c31161] 23/5/2017 11:41

Tweeted David Lenigas. @DavidLenigas SOLO wanting to dilute to buy a bigger share in Helium 1, do you think solo should wait till after farm out TanzaniaReplyMy gut feeling, and I'm only guessing, is that they should reconsider and pull whatever they were thinking of doing. That would be smart!

[realcooltrader] 23/5/2017 11:25

Colnabean, great quote, but it's "chiels" :-)

[kevjones2] 23/5/2017 11:06

Maybe some people are just decent?

I don't understand the rest of your post.

[colnabean] 23/5/2017 10:25

Kj, I'm always interested when someone tries to defend a third party when they're more than capable of defending themselves.Facts are chisels that winna ding.

[colnabean] 23/5/2017 10:18

KevJones all you are doing is giving us details of the sales pitch you are not focusing on the company itself. If you think your so good the perhaps you can provide the rest of us with the information.

[colnabean] 23/5/2017 10:14

Davidzz why don't you vigorously pursue your enquiry. If they're not getting back to you, you must ask yourself why they are not responding.

[kevjones2] 23/5/2017 10:12

Colnabean, I'm stunned and very disappointed at the timing of the Helium One investment. That said, I just spent about 3 minutes doing basic research on this unlisted company.

An awful lot of the questions you ask show that you have not done due diligence! A basic Google search will tell you who owns the company. A brief look at Helium One's website will tell you an awful lot more. You ask about shareholders in a private limited company?? You question current and future political risks in extracting the helium. Then Orca, Wentworth, Aminex, Solo, Ophir and many other companies active in Tanzania should all be put on red alert. You ask about finances when they are yet to issue accounts. You ask about risk assessments when they are clearly on their website. You ask what due diligence has been done. That's a straw man argument when the only answer possible is the same answer any shareholder would hope to have regarding any investment their company makes i.e. enough.

I may have got something wrong above but that's because I only spent 3 minutes researching H1 (and I'm in work). For god's sake, argue your point but don't be making problems that don't exist.

[davidzz] 23/5/2017 10:04

I have asked H1 for details of their program to prove, then process the gas but have not received a reply.Whilst there is a demand and prices are rising it could take some time for this investment to mature so I don't see the logic in investing at this time. Can't make the meeting but hope some searching ??? Are asked

[thehitman1] 23/5/2017 09:47

Looks like suspension looms here, sorry for your loss data.

[colnabean] 23/5/2017 09:39

Porsche you're suffering from too much laughing gas. What due diligence has been carried out in looking into this project.1. Who controls Helium one2. How much did the license cost them3. How much of their own money have the Helium directors/shareholders paid into this project.4. Where are the discounted cash flow forecasts5. Where are the Capital Expenditure plans6. Where are the detailed risk assessments7 Who has carried out an assessment of the quality of the H1 management.8. What is H1 financing/funding strategy.9. Where are the schedules showing potential/planned purchase orders.10. What is the current and future political risks in extracting the Helium.I could go on and on but I hope you get the picture.The directors of solo have already diluted shareholder value. If the investment was worth £2m for 10% and now another 9% is worth £3m the sell the 10% we already own for £3.3m and walk away. £ 1.3m profit would boost shareholder value. But wait who would be daft enough to to pay £3.3m for a 10% share.I repeat if any of you guys can attend the shareholders meeting get down there and give the board hell.

[c31161] 23/5/2017 09:25

I think we will go down 8% to 10% then close up.

[c31161] 23/5/2017 09:21

Looks like down in the morning up towards close