http://spartacus-educational.com/WOLmullen.htm That's your man, manos. Think are all now dead out of that team that won the FA Cup in 1949, though Bert Williams only died recently, aged 93. I note Jimmy played in 1950 and 1954 World Cups for England, played in same position as Preston legend Tom Finney, and was the mentor of the young Ron Flowers. Billy Wright was my hero, but Jimmy was in my top 4 Wolves favourites.
Manos. my goodness, yes. Jimmy was No 11 for years and is a very great hero at Molineux. He and a No 7 called Johnny Hancocks used to pass the ball from one side of the pitch to another with unerring accuracy (several times) and used to confuse the defence and then one of them used to dribble down either wing when they saw a bit of a gap. Jimmy had a sports shop in Wolverhampton, and he was a good shopkeeper and the shop did well.
How we needed Jimmy Mullen and Johnny Hancocks yesterday.
Have been in this share long enough (9 months) to know how sentiment changes very quickly. How posters who post negativity all the time for whatever reason disappear like the wind. A couple of useful RTNs this week and a blog by Malcy saying "very disappointed with aspects, but generally this Board is..." and a confident performance by whole Board of Directors on Friday will move this along very quickly. And move the nay-sayers along very quickly.
Oh, and this board is a whole lot more exciting that sitting in a cold Molineux yesterday watching Wolves get taken apart by Notts Forest. Can't find ANY positivity there.
I have never considered this to be a short term share, end of 2015 to 2016 has always been my feeling when positive production will have been achieved. I just didn't factor in the heavy dilution to obtain the finance needed, but the dilution can be reduced with a cash surplus. One must always must be positive, as self generated stress leads to an early exit, and as I'm quite enjoying life, I have no intention of worrying over this share.
I agree the oil price will rise, but the question is at what price do companies turn a profit and how long can they keep spending cash for until it hits the right price.
The MOU will pump in more cash, but will that be used to develop the company and grow prroduction or just be used to fund losses?
Personally I think there is potential here, but I'm in at a very low price, those in earlier in the year may take time to recover. I have time on my side, but this is looking less and less like a short term investment.
2015 will be excellent year for RRL, not only that because we should by then get uplift in oil bopd, hit new deep well, and also oil price is recovering and may well be above $90 in next year. every dollar increase will be profit to RRL.
Was all down to Landau, it's a simple as that. Promises of how good it all was going to be, year after year. Fund raising for investment which never happened on his watch. So distrustful and it was so easy to read his body language which spelt out that the guy was mostly lying his way through the job. So many people couldn't read him, but I had him summed up years ago but it was too late buy then, the damage was done. I held on for the simple reason that there was a possibility that it may one day, come good. The majortiy of this board and those who don't post is anger and frustration, and because RRL is making progress slower than Oak Trees grow, the hope for better things with RSR is not much better. Rory, I'm sure is trying to turn the company around and he has his work cut out. He probably won't succeed and I use 'probably' rather loosely to give him the benefit of the doubt. The share price will just float about from this 'not quite base level' to 3p or so for a very VERY long time. To buy in now may work for some, but not other long termers. RRL may tick over flogging a few hundrfed barrels of Oil, but unless a Strike happens, this company will just plod along offering placings and constant dilution until investors all drift away or RRL just becomes insolvant as a business. Essentially, overtime, it will be pretty much unsustainable at it's present level, so they own me and many others who choose to stay on and post contiuning negativity. Guilty, and this board is in general about as compelling and cheerful as Eastender's or Corrie but it's true, One of the most depressing boards on the AIM if not the most. Just saying how it is, innit?
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