quote:Originally posted by steve fleming

quote:Originally posted by Damo79

This is from an announcement made by SOO on the 19th of September last year:

Option Payment received from Western Africa
Mr Stone also announced that this week Solco had received a $30,000 USD option payment to
secure the Solco Manufacturing System rights for a number of countries in Western Africa
including Ghana. The businessman behind the deal is US based and has an excellent business
background with IBM and other major American businesses. The option must be exercised by
23 March 2006 and the fee is $900,000 USD.

Getting reasonably close to that date. It would be nice to see this option taken up. It's unlikely someone is going to throw away $30k USD for nothing. Maybe this could be 'the good news' ??
Thursday is D-day...although I would have thought that SOO would know one way or the other by now...anyway if this option is not taken up SOO will then be able to negotiate with other parties...

Up almost 10% on very big volume in Frankfurt o/night...so that is promissing for Monday
Well no announcement. So unfortunately looks like the option wasn't taken up. Oh well...