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Nice!
TradingLad....on the Humber they are Quay workers.
I think the latest Gov ruling is, you can work if you have a pig under your arm.
I suspect that this could be classed as supporting the energy industry, therefore they would be considered key workers and not necessarily have to isolate... but I've lost track of this now
Humber is isolating.
Don't folk from Holland have to isolate for 2 weeks now.
August 14, 2020, was 4.49 times normal volume.
This Mcap is just too low and the market realises the facts.
Remember a family member of the BoD has already invested over £1m.
Would you let that happen if you were not certain that the sp will go a lot higher?
So follow the money......
Expecting at least 2 more days of gains according to my charts on this current movement.
Do not forget the rig and a team from Holland are on their way, with expected results well before Xmas.
All you need is patience.
Some of the smart Covid stock gain money must also be filtering through.
Correctly spotting another likely multibagger.
( Also keeping an eye on UOG which is about to spike)
Remember the chart trend is your friend, but always do your own research........
C.
I agree with all the below comments. Straightalker is offering up a further 72% rise in UJO in the VERY near future as he put it.
Obviously us long term holders have seen RBD SP collapse to mid 20’s due to main Market dynamics. Nothing with RBD had changed other than the SP. I remember paying .338 for these back in March and thought I was being gifted.
For any new joiners the Assets are there for all to see. If you don’t like:
1. A self funding California, producing 150 bopd with additional running room
2. Parta funded for 12 months, with near term news flow on acidisation of IMC1 and drilling of IMC2
3. The significant discovery at WNA1 and 2
4. The imminent spud at WNB1 (and potentially WNB2) attacking the Kirkham Abbey discovery from a different angle 2.3kms from WNA1 and 2 plus an exploration play on the deeper Cadeby
5. CEO Sachin Oza family taking up 3.65% of the share capital recently
6. No other IIs reporting a lower holding, other than Hambro over recent months (probably now scratching to recover their ill advise £6k sells of late)
7. Our friend Fraser Lang from Humber holding 350M shares in RBD’s 56% of WN.
8. An active Management team looking for other opportunities in this strange Market, irrespective of who they upset
..........then step away, as RBD is not for you.
Jack
Straighttalker
Posts: 1,772
Price: 0.2925
No Opinion
RE: Reabold15 Aug 2020 14:00
65jh, what you refer to as a ramp fest is in reality excitement in their investment. Those you refer to are in the main, long term holders who are at last seeing their wait come to fruition. The gas discovery at West Newton is a commercial discovery, for the company on that alone it is a tremendous achievement. The oil, whilst obviously not commercial (yet) holds the possibility of being a complete company changer. Whilst AIM has had its fair share of chancers and drilling failure, UJO is a completely different beast and the SP will, with no doubt in my mind be at .5 in the VERY near future.
In my opinion the rise was the realisation of value triggered by recent event! First one was the low bid for Deltic that got the media talking, although it put the brakes on the share price it publicised what we have and whats about to kick off at WN in a big way. It would not surprise if some of Deltic II investors are buying in here now. Then we have the M-Cap comparison with UJO, something had to give sooner or later, a blind man could see the disparity in value, then we have the leaked information the rig is on it's way to WN. Basically time is running out and a lot of investors want to get in before everyone else does, so the fuse has well and truly been lit.
I agree with you Rubey. I focus primarly on oil and gas exploration stocks and RBD made it onto my shortlist of top picks for 2020 a long time ago after extensive research across the sector. I have a core holding, but I've been sat waiting for a brakeout to add on momentum. Depiste my huge conviction in this stock even I struggled to get the quantity of shares I was after on Friday. After a stagnant SP for three months RBD is finally starting to move up ahead of drilling. The upside here is huge, much of the prospectivity is already substantially derisked and the valution is exceedingly cheap compared with UJO. After day one of the long awaited rerate this has plenty to run. STRONG BUY
Rubey,
If they didn’t know about reabold, they do now, always lots of interest when a share rises 25%, this is the point where people who previously knew nothing about the share check it out, those sitting on the sidelines will be freeing up cash to invest here, those with a small number of shares and already know about the share are kicking themselves as they think they have lost out on the rise, while others are fairly happy are now looking at their current holding and want to add more,like me. Even those with 20k and more will be looking to add, they know it’s got legs, I’m expecting if to fly of the starting block Monday morning, imo it will move so fast even Usain Bolt would be left in its wake.
It didn't look like a 'follow the money' type decision for those who invested on Friday, smokie. That is normally accompanied by hundreds of bb posts, twitter mania and media coverage. In my view a few brokers got a tip off and rang around their client lists to see if anyone wanted to get in before the obvious rise.
I haven't seen any mention of Reabold on any of the Covid related bulletin boards, so why would they even know about Reabold if they are new to investing?
Hi Phoebus, interesting to hear how hard it was to buy Friday. Was not at desk or following closely...
Sounds like it could blow through .9p on Monday and get to the penny mark.
That’s still a cheap price considering but I expect that will be a psychological barrier but maybe not.
In essence, the share should be about 1.5p now
Interesting times
Artifical rise? LOL. I tried to top up with momentum as planned once the price started to rise beyond 0.64p, however it was very hard to buy unless you snatched the brokers hand off the second the stock ticked up, which unfortunately I didn't. Ended up getting dregs on quote and deal and struggled to get even tiny limit orders filled before the next uptick. Couldn't even get a quote for £1K at the close. Seems there were buyers in the market acquiring repeated chunks in NMS size of 750K shares or above leaving little for anyone else. If the price was rising they were making sure they were getting pretty much whatever shares were available. Clearly you'd only be doing this if you expected it was going MUCH higher. Given that RBD has to rise to OVER TWO PENCE before it's on the same pro rata valuation as UJO for its share of West Newton their judgement looks spot on. The sideways price action of the last three months will have fooled a lot of would be West Newton investors into holding off buying RBD thinking mistakenly that it was never going to rise. Now with the price finally breaking out watch as a whole flood of them scramble to get in before it screams higher to close the glaring valuation gap with UJO. If you're interested in the West Newton project, potentially the second biggest ever discovery onshore UK, then time to load up on RBD which offers exceptional value at these levels. STRONG BUY
Mazza86........This is the AIM. we're dealing with here. At least with the Mafia you know what to expect.
Persimmon, I’m new to investing but I can help you out with your question...
Was this an artificial rise? No is the answer
Why? Well I read page 1 of stock market fundamentals that explained share prices go up if there are more buys than sells and a significant volume of trades. I then spent another 2 seconds to apply this logic to the RBD trades yesterday:
- More buys than sells: Yes 420k buys vs 200k sells (yes they are not always recorded accurately but doing some dummy buys to get a quote it’s not far out)
- Volume: Yes highest daily volume since March 93m trades
- Price Paid: highest was 0.7796
Can you back up your claims of why this was an artificial rise by MMs? Were they buying all these shares? Would be good to get your thought process.
There was an artificial drop a few weeks back were the MMs dropped it to trigger stop losses. Tends to be low volumes and just moving the spreads
I always questioned your credibility but this is really clutching at straws
worse than boring
Have a day off persimmon, you’re boring.
The rise is good news for everyone, particularly those who are still 'well under water' with the s.p.
But before investors who seem to believe that this rise is built on a solid foundation a question, is it not possible this is a transient artificial rise that has been brought about by amongst others the market makers?
The next few days and weeks will tell. By the way, exactly one year ago the s.p was at 1.14p and W.N was on the near term horizon, and we are still no wiser. I believe we will hear news on other fronts just before a W.N Drill RNS, to distract investors from possible average results. Look out for more 'aquisitions, j/v's and aqccompanying dilution. That's just my opinion and time will prove me right or wrong. G.L all.