Just got a live price of 3.446 .. that's got to be the end or me and Primary Bid.
They are not as good with offers as the other brokers involved in this particular thing.
overnight jobs and weekend much the same.
Well you wrote a lot of stuff there uthread.
A placing did come Primary Bid overnight job.
I promised myself id stop taking there offers as i can always top up cheaper a few dealing days after , but i am addicted and thought this one just might be different.
Winny advised against even though they make commission if there readers do .
Disappointed to see you only post on this share never a good sign .
But what specifically made you think the bod might be lining up a placing enough to post about it?
The process you outline is a familiar one, you could say it of most if not all AIM stocks, it goes with the territory. This happens over a long period though while most private investors invest in short to medium time frames. There are circumstances where placings and consolidations are beneficial, to see them as solely cynical (or bad news) is wrong I think. Institutional Investors take large positions in AIM stocks all the time and they're privy to more and better information than us PIs. A big new II is often a feather in a company's cap isn't it?
AIM isn't a casino, it's risky like a casino but it's not an all or nothing bet, you can't research red/black and the outcome depends on the aggregated opinions of a group of ppl with the wherewithal to act and all that entails, not chance. To conflate the two is disingenuous.
Solo has multiple assets with variable rates of return. These are its surety, from flowing gas to prospective stakes. We might see farm-outs and sell offs, Solo might become cash rich. How much is it worth then? All ifs and buts but the one constant is time, it all takes time. I've been 80% down in a stock in the past and came out doubling my money. It took time. And a stubborn streak. It's only after, that you wish you'd bought more when they were so damn cheap.
Ppl lose money because they sell when the price is lower than they paid. Obviously. But let that sink in. Don't sell when you're showing a loss unless the company or its project looks like it's going belly up or you bought on a spike. Apply some time. To buy or scoop up Solo atm you'd think you'd be the type who is prepared to wait. That number is growing. At some point I believe it will outweigh the ppl who aren't prepared to wait. When there is a large enough group of ppl with the wherewithal and inclination and when there are more reasons to be cheerful than not then the stock will trend up. Ppl like to buy a stock that's trending up and you'll often see a snowball effect and fomo. This happens sometimes for no good reason (e.g bitcoin,tulips lol) so why wouldn't it happen when there are good reasons.
Solo *are* a jam tomorrow company. That's what they do. Early stage, large potential projects. They don't profess to be a large production company. Maybe you should turn your attention to BP or similar if that's what you want? Their investments are inevitably 'blue sky' but they have a good rate of success with the drill bit and then they seek to delineate the prospect and sell it on. I apologise if I'm teaching you to suck eggs, I haven't read up on your old posts, but I don't think there are any good reasons to believe we are being 'lined up for another cash call'.
Opinions and theories are my own, obv do your own research and due diligence.
Aim is a casino.Over 90% of 'so called ' investors lose money, any ii with cash to invest would need much more info than you or I are privy to. Who would invest large amounts of cash without some sort of surety of return.
In my opinion,this company is a'jam tomorrow ' outfit .Their investment in blue sky projects may eventually be successful , but way down the line,meanwhile more share issues ,maybe a further consolidation etc. The phrase' riding the gravy train' comes to mind.
Hi Marc, what do you put the last 12 months sp performance down to? I haven't been invested as long as you, just a few months. I thought we'd be north of here by now but I'm sanguine, it'll happen. There's a school of thought that says when a stock is unloved and overlooked that's the time to buy. Dare I say, add?
The presentation is well worth a look, particularly their development pathways.
Why do you think that? We're not short of funds atm. Anyway bringing an institutional investor in via an accretive placing might be well received and a good move. I think Ritsons recent big buy has set a marker the market is observing, a placing at the right level might be a step forward.
"We are delighted to see Helium One taking considerable strides forward both corporately and operationally. Helium One's possible IPO represents a real catalyst in terms of their growing profile and their ability to fund an active near-term work programme in Tanzania, which is expected to see drilling later this year."
Tom Abraham-James, Helium One's Chief Executive added:
"We have been reviewing our long-term funding options for some time and are beginning to focus on an IPO as most suitable for us. The ASX is a proven capital market and one in which our team has considerable experience. We would like to thank Solo for their continued support and guidance and look forward to an exciting year ahead for Helium One and all its shareholders."
A list on ASX
Needs more funding (we knew that)
Loads of Helium under Rukwa in a rising market.
Looks like the H1 investment decision was a good one and its a shame we didnt take more when we could !
Yesterdays trades included a sale or buy of one share.Some say that it a code used by the MMs to signal an Rns in the system. That one share was immediately followed by a large buy at full ask,think you are right about something brewing.
Solo Oil PLC (LON:SOLO) Executive Chairman Neil Ritson describes himself as 'really happy' with forward progress for the groups 25% owned Ntorya gas project, onshore Tanzania.
Aminex, project operator and 75% owner of Ntorya, this morning told investors that it is actively engaged with the Tanzanian authorities and with third-party engineering firms, in the advanced stages of planning for the Ntorya-3 well. News here too on processing the legacy seismic on Helium One and at Horse Hill, where timing of long term tests are underway shortly.
So, the board are forging ahead with Helium One despite shareholders being less than enthusiastic. By Q22018 well have 15%.
The board obviously see value here and are determined that Solo will be part of it.
I've some free time so ok, I'll bite.
We're at the beginning of a busy period for Solo with progress set to be made across the portfolio.
The more developed projects, the gas in Tanzania, is sold to the local market and isn't subject to the changing political situation regarding natural resources exports. This gas is what makes Solo different from many AIM oil/gas explorers; it has real dollars coming in from it's investments. A farm out or sale promises to inject some serious cash and this is part of the bod's core duties; as an investment company we need to be able to realise the fruits of our investments at the right time as well as make shrewd new moves.
The shut in at Kiliwani is disappointing but the operator believes the quantity of recoverable gas won't be affected. The market has reacted to this. When production comes back, will there be a corresponding lift in the sp? Maybe, maybe not but it will improve sentiment generally.
The Gatwick field looks juicy especially in the light of Broadford Bridge and work is scheduled at Horse Hill. HH is Solo's golden goose long term. UK oil is quite fashionable atm. The Isle of Wight feels like it's thrown in for free though granted it's a back burner investment.
The new early stage Helium investment looks to me to be genuinely exciting and possibly company making depending on how the bod handles it. Helium One is at the forefront of a new way of finding the gas and Rukwa is highly prospective and big. H1 has a USP in a market for a critical list resource. There's potential for speculation there for a private investor now and in the future imo. I'm very much looking forward to Solo updating the market regarding material progress.
I have to say I'm disappointed with the markets reaction to the webinar last week. Simply put, the bod missed an opportunity and the sp suffered. The market imo hasn't taken warmly to the helium investment and it's the bod's responsibility to take its shareholders with it. It has a great story to sell, it needs to do better. However in their defence I believe this diversification could be an interesting hedge against the probably stalling oil price.
On balance, there are more reasons to be cheerful than not so I have to believe that the sp will rise from here. Sometimes it's a question of scale and stepping back to see the wider view, in the future this stock will have a larger mcap than it has now, so it's one for the bottom drawer. Good luck.
One more thing, apologies if you already know this, if you decide to sell, depending on the size of your holding, when the mid-price is fairly static, try setting a limit order to sell at a price higher than the indicated mid-price, your shares then go into the order book as offered for sale. When someone duly seeks a quote to buy some shares the lowest offer of yours and other people's offered stock is the price quoted. If your holding is bigger than the average trade it might take a few 'buys' to fill your order. Thus you may sell at the offer price and not the bid. Every little helps. GLA.
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