Solo Oil Share Discussion Threads

[colnabean] 23/5/2017 16:02

KJ my main concerns centre on the Company H1 and the visibility of its assets/liabilities. I am well aware of the potential value of Helium but I would never agree to give a company £2.5m without some security. If you can tell me how a company can grow from £100 to be worth £25m + in a year or so without any visible earnings I will be impressed. If it is so valuable why has one of the majors not stepped in and took control. ?

[doerx2] 23/5/2017 15:55

What a farce this bod's are. Thanks to BD we have saved some of our monies. We need new leadership after this debacle.

[dan_the_epic] 23/5/2017 15:53

Anyone else want to buy 20% of a dead cert £2m for £3 today?


How ludicrous does that sound, Porsche?

[porsche888] 23/5/2017 15:47

KevJones2..... yes and imagine if Solo had 20%The numbers on Helium are fabulousI think Solo shareholders have made the wrong call.... the value add would have more than outstripped the dilution impact.... just do the maths !!!

[colnabean] 23/5/2017 15:41

Did Lenigas sack Ritson in a previous life. If so, what was it for ?

[porsche888] 23/5/2017 15:39

I am only here for the HeliumLook.... 1/3 of supply disappears in 2020Please tell me another commodity on this planet that will suffer that exogenous economic shock ??

[whoppy] 23/5/2017 15:18

No doubt Ritson has his eye on another investment and more dilution. He said he's looking for more projects.

[kevjones2] 23/5/2017 15:12

By that logic, porsche888, if Helium One do an IPO Solo worth £20 billion Solo will gain £2 billion. If they don't we still have the relative bit of security of the cash/shares saved on the second tranche to invest in Ntorya.

[dan_the_epic] 23/5/2017 15:08

Forget Helium, there seems to be an unerringly unlimited amount of hot air being produced by some on this board alone.

[porsche888] 23/5/2017 15:02

I agree with dodgecity,If Helium One Does an IPO I think the valuation will be hugeThey have nearly $20 billion of helium in the groundEven discounted at a tenth that's $2 billionThe numbers are insane !!!

[kevjones2] 23/5/2017 15:02

He certainly appears to have brilliance as a geologist by all acounts but he appears to have zero business acumen. The bod situation might change over the coming weeks but I don't think they'll want him to go altogether.

[whoppy] 23/5/2017 14:51

Ritson has to go. He's just proved he's not got a clue.

[rayrac] 23/5/2017 14:48

I'll vote for you Kev, couldn't possibly be any worse?

[barony] 23/5/2017 14:47

Thank you for some common sense at last. I only have about 7 million shares but was totally against even more dilution for another high cost long-shot. We need to see some returns from our existing investments - including the two that have quietly been allowed to slip into the background - Canada and Nigeria. The fear I have is that NR will keep adding costly assets while ignoring those he bought earlier and has quietly allowed to melt away. That way he always looks as if he is moving forward while he is really achieving zero reurns for investors.

[kevjones2] 23/5/2017 14:45

Actually, it's living below the breadline. And I'm invested here. We need a decent result from the farmout.

(See how honesty works, rayrac?)

[rayrac] 23/5/2017 14:41

They haven't got cash to hand and with NR at the wheel!!!.it's living just about the bread line and not nice!

Btw, how does NR get into these positions, is he looked on as a guru by city types who quite frankly, haven't got a clue? Or is he some smart alec with too much speel... my vote!

[come on] 23/5/2017 14:28

Well they obviously listened to people and pretty much all must have said no, including existing large share holders

[colnabean] 23/5/2017 14:24

C31161 : It might help if you could tweet your pal Lenigas to see what he think now.

[warwickdwarner] 23/5/2017 14:24

Solo Oil Cancels Meeting After Opting To Focus On Existing Assets

Like they had a choice.

[kevjones2] 23/5/2017 14:21

Dan, I don't think anybody ever doubted that Solo gave Aminex a huge dig-out (if I remember correctly the AEX bod acknowledged that). I think one would have a very hard time proving Solo broke their fiduciary duty to shareholders in the Kiliwani case. I was only an observer with no axe to grind at the time and I thought it was a decent investment for Solo. I suppose we'll see. Nothing is certain in these markets, that's for sure.

[colnabean] 23/5/2017 14:16

Simon8 - I agree and I note the share price has responded accordingly.

[dan_the_epic] 23/5/2017 14:15

Motto never to forget is that bad management can ruin a good company.

Not saying this is a good company, myself, though. Seems an absolute mish mash or random, and largely unsuccessful projects, concocted and meshed together in a poorly organised way.

Honestly, in my eyes, it's a miracle that this company is valued at the market cap that it is.

[dan_the_epic] 23/5/2017 14:15

Im going to be honest Kev. I think the deal to buy into Kiliwani was a ripoff. I thought it was at the time, and still think it is. It was clearly a deal to keep Aminex from the brink of the precipice.

Of course, some would argue in helping Aminex, the company was helping itself. I'd argue that the BOD broke their fiduciary duty to shareholders.

[colnabean] 23/5/2017 14:11

Dan The missing word is "regulated"