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Good news for sure, but we have not passed the finishing post yet and gone into production!
No news on WN either.
Certain regular posters on this board are conspicuous by their absence after the good news
Excellent news today, real commercial progress. Still trading under cash
This explains all that buying two weeks ago.
"The average forward Italian PSV gas price for the years 2025-2030 is currently approximately €30 / MWh. "
so, not the Euro45 mwh they used in the October presentation to forecast E.11m-E.12m pa, strip out the 10% they don't own, scale it down to Euro30 mwh and Euro11m pa becomes Euro 6.6m pa
Something positive at last.
Moniman,
Pity you don’t take your own advice, rather than plaguing this BB with your dross. What a joke, with zero credibility.
Even Persimmon is losing his touch advocating a take over of Rathlin. Why not a reverse takeover and take RBD private by backing into the Operator of WN.
Sorted, lose the dross commentary and with US funding deliver for true Shareholders.
Price is a steal with so much value on offer
Jack
When will people understand the remaining £9 million in cash from Shell money that hasn't already been spent buying votes from CS is for the 🤡 🤡 deferred wages. JMO Adyor. Run and don't look back!!!!
well our 2 ****s have been in a position to sort it for a copla months.
i ask you, who is going to fund rathlin when thayre a 1 trick pony & in this political landscape ?
even if wn is drilled the jv's will have no choice but to sell as funds will be scarce meaning we become pretty much a forced seller. forget avout yhat c*** williams npv10 values, that's ******. i'd be happier to see him up against a wall facing a firing squad.
Get WN drilled as soon as possible? Gas will be banned before these lot do anything
Be very surprised if they do either.
The buyback shares are held in treasury which is not returning value to shareholders.
Whilst I think we've thrown so much money at WN they'll give Rathlin the funds its not guaranteed.
How I hate these 2 shysters. The lack of information is just disgusting.
RBS pledged to return £4m to shareholders, they have spend about £550k on buybacks so that leave £3.5m or thereabouts.
Rathlin is about £3.6m short for funding their 4/6 of WN. I say forget about returning the £3.5m to shareholders, instead use it to do a deal and get WN drilled asap
It would seem it is CS or bust, how is progress there?
Look on the bright side, the chuckle brothers drive very nice cars...don't forget all the cash doesn't belong to shareholders, its deferred salaries for the two 🤡 🤡
With the Deltic fiasco I would say we're screwed, I also think the 2 crooks have known for quite some time but are never going to inform us. They're a disgrace.
It's already been said, the cash belongs to the chuckle brothers, that's it in a nutshell. Why would anyone think that the cash in Held accounts belongs to shareholders? JMO Adyor
Itsawrap that's the problem isn't it. We have the cash, chuckle brothers want to keep hold of the cash to keep the co. going so they can keep paying themselves their exorbitant salaries. Remember them talking about returning £4m to shareholders ? Pmsl, not a chance imo.
You were right first time, it's definitely their cash, and if the want to buy new Ferrari's it's no business of the shareholders!
Reabold has £9m cash (less lifestyle payments), Rathlin has about £3m imo and UJO is fine - the money IS there to develop WN, clearly the chuckle brothers dont want to commit their cash to WN...oops I do of course mean our cash.
Just been reading up on Deltic & their Pensacola project.
With the problems they have with funding what chance do we have of finding someone to stump up the cash for WN ? About zero I would say.
Uggy. - you missed Colter and California disasters -
Test driving Ferrari's 🏎 🏎?
So what are our two floor pointing apertures of the waste pipe up to this week?
I'm not a fan of CS, nor the fact that we have been lied to about it by the 2 incompetents.
Throughout their stewardship they have been guilty of bad decisions :-
Parta-failed
Deltic- embarrassing effort to take them over making us a laughing stock in the O&G space.
Simwell- disastrous, waste of money & more dilution, at that stage our CEO's should have been sacked. Simwell had been looking to be bought out for at least 2 years until our 2 mugs took the bait.
DBRM- nothing to say except its a complete disaster illustrating our 2 crooks lack of ability.
WN- after initially over extending RBD we were once again lied to & now show no appetite to move things forward.
CS- well jury's still out.
They claim to put a lot of store in DD, I see no evidence of any.
Over the years they have proved to be an unmitigated disaster. They will milk this company dry.