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That is a good question Iamnotananalyst. My hunch would be that some have become frustrated at the slower than expected pace and sold. I saw a few posts saying people had sold at a small loss recently and if anyone does not think the share price is going to continue up, then they should consider selling.
I have said a few times now that I am not telling other people to buy, just saying I am a buyer while the price is down here and given a few of my reasons for doing so.
We all have to make our own choices and we all have our own lifestyles that sometimes have an impact on our investment trading choices. Others might want to wait for confirmation in the change of direction, or further information from the company or maybe they just want to buy something else. I wish them all good luck.
Some like myself are happy to buy now, given the likelihood that the price being worth more in the future. I have always liked the company and missed holding the stock when I sold last time, but I am not here to guess the tops and bottoms and as this is my full-time income my reasons for taking positions or closing positions are sometimes different to others. I am very happy to get the opportunity to get back involved here as my previous posts said.
The important question is why would you be able to buy stock at a discount so quickly after the raise and director purchases? My answer to that at the moment isn't as positive as yours clearly.
And what are you saying about continues to climb? We've been falling for the last 4 months now...unless you're talking about the last week's minor increase?
I'm not completely negative on this share but some of the ramping here is pure irresponsible.
What I am saying is they now have the money and that we can currently buy stock at a discount to the price the directors and professionals thought there was value.
But no one has to buy any share and if those that want in cheaper are happy to wait and risk missing out if this continues to climb that is also ok.
I wish you all luck.
Chris - in when sense can RBD go to the market and raise a significant sum at a premium to the current price?
They went to the market and raised at a significant discount to the price at the time and since then the price had dropped again significantly. If they needed more money now there's no chance they'd get a premium on the current price.
Morning. I find the director buys in November at a much higher price to confidence inducing.
When you can go to the market and raise a significant amount of money at again a premium to current price it is a good sign. If the professionals all think there is money to made buying at.90 then buying below them by 17% (is likely to be a good thing).
Some will wait until there is more news and some will miss this opportunity altogether but I won’t be one of them.
Good luck all.
Pdm, what about parta.
UJO have clearly stated that there will be a 2 well drilling and testing programme at WN in H1 20 whatever you think about Q4 being missed, or the lack of permits, the published intent of at least 1 JV partner is clear.
I suggest that once Humber’s financial situation is sorted then this will move quicker. Until then patience is required.
Here to discuss facts and research Barking. I’m not into happy clamping Uber ramping bull sheet. That’s on twitter. Instead of ramping it with rockets and silly predictions get online and find some evidence of the required planning and permit applications for the reconfiguration of WNA-2 as an oil well. Nothing on the council website. Nothing on the OGA website. Nothing on the Health and Safety Executive website. They said Q4 for EWT. I want to know what the fk is going on. Enough bull 5h1t!!!
Agreed I think accelerate the programme was quite a heavy bit of spin. The raise was to save the 2 projects, that's probably why it had to be at such a discount (as well as the size of the raise). Time will tell if anything can be accelerated, at the moment since the raise things have either been put back (WN wells) or dropped (WN EWT).
PDMSPiper - for someone who claims to hold so many shares in this company you seem hell bent on causing doubt about the future prospects.
Well I'm hoping for some activity within 6 months. Wasn't the whole idea of the book build to accelerate the programme ? What a joke.
How much does the Market Cap have to rise to take this from 0.74 here to the placing price at 0.9? How many millions more on the market cap?
Well, I think there will be a rise here. The directors bought at .90 in the middle of Nov and they probably would have added prior if they did not have to wait for the news of Upgraded Potential Volumes at West Newton to be released.
They managed to raise an exceptional amount of cash 24 million at .90 very recently - so those that took the placing either expect to make a lot more from it over time or intend to flip some shares when the price is higher. That is the beauty of getting in now, at a discount.
As olderandwiser highlights, there is a considerable percentage to me made just between now and placing price. Not to be sniffed at.
When we get further news from WN expect fireworks, but RBD is not a one-trick pony it has lot of assets and reasons to invest and no need to take our word for it, research and see what you think!
No action at West Newton = No action on SP
Simple as that. If there’s no news on a WN flow test by mid Jan then there’ll be a trader/Pi sell off here and this sp could well be down here and lower. Especially if Miton need to get out. M&G are already in trouble having their property funds. This went to 0.55 last time with a bit of selling and a gap in news. I wouldn’t buy here until West Newton forward plan re testing is confirmed. This could end up a lot lower with a sell off.
Well, I think there will be a rise here. The directors bought at .90 in the middle of Nov and they probably would have added prior if they did not have to wait for the news of Upgraded Potential Volumes at West Newton to be released.
They managed to raise an exceptional amount of cash 24 million at .90 very recently - so those that took the placing either expect to make a lot more from it over time or intend to flip some shares when the price is higher. That is the beauty of getting in now, at a discount.
As olderandwiser highlights, there is a considerable percentage to me made just between now and placing price. Not to be sniffed at.
RBD is not a one-trick pony it has lot of assets and reasons to invest and no need to take our word for it, research and see what you think!
0.75 to 0.9 is a 20% rise and I doubt it will happen without news of Recommenced works at WNA-2,re flow test and there is no sign of that.
It might well double again after the drilling and testing of WNB wells next July/August/September but if there is no news of planning applications for flowing oil from WNA-2 by January then the market will start to latch on to the likelihood that it isn’t happening. Then we get into Feb/March with no WN flow test and developments and where will the SP be then. This will need WN news to get it up to 1p and churn all that placing overhang. What news catalysts are you expecting to move this to the 1p you mention and when?
40% even!
0.75p to 0.9p in 6 months is 30% annualised. Not to be sniffed at while we wait.
Although it is fair to say the price did double after that period of consolidation last time.
But agree once the price gets up to .90 there will probably be a period of consolidation between there and 1p unless we get news and then everything changes. Nothing in life is a dead cert but RBD at this level seems like an opportunity in my view.
Unfortunately it’s not looking like the West Newton flow test is going to proceed from WNA-2. No evidence of planning applications anywhere. The company’s own presentation says that the Kirkham Abbey will be appraised from WNB-1. Both WNB drills, 1 & 2 into the Cadeby have now gone out to H2. It looks like we’ll have a 7 month wait forvany further developments on West Newton. They can try and soften the blow with a CPR and Parta flow test and Cali news but it’s all about WN now. They are so heavily commited that only positive WN news will move this IMO and it’s not looking like we’re getting any. Not until next summer. We’ll be sub placing price for well over 6 months now, just like last time when they raised at 0.85 and we sat at 0.65/0.75 for over 6 months. Same again coming.
With the current share price, this stock is probably attracting new investors. There is currently a huge discount to the recent raise of GBP24 million at .90 is still an amazing 15.6%. When you factor in that the directors were happy to buy the stock up at .90 and the 52 week high was a staggering 1.70. Then you can see this is a very strong buy down here and that is before you even look at the company website www.reabold.com/ and their remarkable portfolio of assets and investments. Google some of the assets to see, such as 'west newton'. I also hear from another investor that there is likely to be a Californian update this month but we await any official news.
I believe that any investor/trader spending a few minutes looking at this opportunity will see the value here, buy it, add it to your watchlist, just don't miss the opportunity.