Solo Oil Share Discussion Threads

[barony] 27/4/2020 09:50

Good news at last! What about our other assets in Tanzania, including Helium One? Is that going ahead to drilling, or sale any time soon? That one is unaffected by oil pricing.

[barony] 14/4/2020 13:19

When to buy? Problem is I am already loaded here and sitting around 80% of average purchase price. Is further spend an investment, or a pure gamble. Methinks the latter based on lack of info, but I do like the new management team. A quandary!

[alimo] 09/4/2020 21:52

If the share price keeps rising when people are selling, there must be some good news to come out of the recent debacle. We're probably only in the first upward wave of five, so get back on board......!

[barony] 09/4/2020 10:27

Long way to go to get back to our last suspension price. Let’s hope we get there.

[edgein] 09/4/2020 08:33

Barony,

Why? Because they dropped from 2p on not getting assets they didn't have. It didn't devalue the assets they do have in Tanz (the huge contingent gas discovery and the He). Didn't stop the mm's though. Way over sold (technically it wasn't sold it just gapped down), its just recovering back to a more realistic valuation until they can progress discussions with the other asset target acquisitions. They were in discussions with multiple parties earlier in the year, it wasn't just ONE Dyas. If any of those progress they'll also likely result in a suspension pending RTO.

Regards,
Ed.

[barony] 08/4/2020 09:52

25% rise! Why?

[dhelect] 06/4/2020 18:30

The team has voted to all gone home with full pay due to the corona virus and use this as a excuse for not achieving anything won't be long before they need to do more dilution to pay there wages.

[barony] 27/3/2020 12:05

Let’s have a strategy update. Last big deal lost. What now? How are we going to get out of the basket case called Tanzania - including Helium One? Would be nice to hear from the team.

[canigou2] 17/3/2020 19:12

Solo presently valued at £2.8m market cap for 25% of Ruvuma!
And they must still have at least circa £2m+ cash (guess?) from that stated in the September interims - "Group cash at 30 June 2019 GBP3.0m".

Not too impressed with the BOD's deal-making acumen thus far however. Backed a dud and then had to pay the operator for the privilege of negotiating!

GLA. Stay safe, and when society re-emerges from this Armageddon test-run let's hope Solo can crack some deals and actually make some progress in Tanzania.

[doerx2] 11/3/2020 11:30

We live in hope with this scam.

[barony] 10/3/2020 09:07

Some cash back, but we are still dependent on the banana republic of Tanzania. Let’s hope Helium One can do something.

[doerx2] 09/3/2020 10:51

Should have left this in suspension ffs.

[fatfish] 06/3/2020 15:40

1bonanza
6 Mar '20 - 10:32 - 11401 of 11401
0 0 0
I really feel for those that have Newly invested here, lost loads years ago on this dog. It’s now lower than prior to 20-1 consolidation and billions more shares in circulation.


Same here

[1bonanza] 06/3/2020 10:32

I really feel for those that have Newly invested here, lost loads years ago on this dog. It's now lower than prior to 20-1 consolidation and billions more shares in circulation.