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Member Info for JDwag


Member Since: Mon, 16th Jan 2012

Number of Share Chat Posts (all time): 1,474
Number of Share Chat Posts (last 30 days): 97

Last Posted: Mon 19:34


Post Distribution over the last 30 days




Mon 19:34


Now they have the debt deal out of the way they will shortly announce an equity agreement to fully fund and execute the aggressive programmes for T&T they have outlined. This will and should come with a detailed plan and programme to outline what they plan in 2015 and what BOPD the plan to achieve.

I think this time next year 1600 BOPD will be conservative IMHO. I also think that a consolidation will be announced in or around the funding agreement also as the sheer number of shares out there has to be reigned in soon IMHO. However I also feel a large Institutional Investor will be brought in as part of the funding.

JD
Mon 18:07


The Cantor 3.7p buy recommendation is based on mostly what they have said they will achieve in production in T&T of course other assets and general confidence also helps make up the £100m Market Cap but most of it is based on the target of 1000 BOPD IMHO.

Anyone who thinks this has a Market Cap of £100m based on a speculative asset sale rumour of £30m needs their melon read.

Update end of July will tell us where they are currently in archiving that target.

GLA.

JD
Mon 16:20


Agree fella it's all about T&T and what they can produce, everything else here is a side show to a greater or lesser extent. FWIW I think you'll have money back in 12 months. GL.

JD
Mon 15:50


Does that mean it has broken through the copper, bronze, silver and golden flying hexagon supporting triangle?

JD
Mon 15:38


While I hope for the sale of non core assets such as Georgia or Texas will come soon which will give RRL a big boost in liquidity for me surely the rise in the SP of late is much more related to the new management, paying down of debt and the possibility that T&T will be producing 1000 BOPD by end of 2014.

With that end the update for Q2 to be released at end July should show how the T&T Production figures are coming along. That's what will make this company have a successful future SP or not, much more so that a non core asset sale surely?

JD


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