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Nov, I don't think we're too far apart on our assessment of the potential of WN/RBD. As you'd note from my posts I'm a little more pessimistic than you on the downside though. If the asset isn't commercial then I can see us down >60% the upside potential is multiples depending on how much it flows and what flows.
My pessimism is mostly because I've been here a long time and the original company proposal was to be in many moderately sized opportunities with the same risk/reward potential (i.e disproportionately to the upside). So my jaded ways are probably more because of how the investment case changed and I feel like I'm now gambling on one asset rather than taking multiple chances at good opportunities. They've tried to reverse this a little with the latest dilution and increase in exposure to Victory, but it was costly.
I was defending the bull side, we have enough on here who make the bear case - some who aren't even invested and make stuff up to create mischief.
No we're not there yet and there is still a risk that we won't be, but that's why it's 0.7 and not 2p. I say again, IMHO there is a max 50% downside and a possible 2-5 times upside on an 80/20 trade. I really like the odds, and it's quite rare to find a situation where you can get them. That's my view, everything else is just noise.
if we want to debate the prospects and the risk and reward of this share then let's crack on..
Nobody needs to make anything up to keep any narrative alive. Most of the things you criticise are plain as day in RNSs for anyone to out together.
I am invested, sorry your detective work is so off. Not overselling RBDs prospects could very well be money saving, we're (still) just waiting to find out aren't we?
ImNotInvested - you’re confusing the work of an altruistic Good Samaritan pointing something out that might be life saving, money saving, just plain helpful, with constant axe to grind dripping. And just plain making stuff up to keep the narrative alive.
Placing, fund raise, salaries, companies house, water in the oil, suspect bod, slippage, placing, placing, fund raise, fracking, planning permission, greenpeace, significant increase in share price, die of embarrassment, the end.
No reason to feel shame & you?
Have you no shame analyst? Despite yellow and red cards you continue with your nonsensical agenda. We have seen you in his glasshouse, so your sympathy vote is 0.
Nov - would you want a good friend to tell you your exhaust pipe is about to drop off as you may not have noticed?
Does anything negative have an ulterior motive yet anything positive doesn't?
Believe me, I want to see the EWT done as much as you do. And I want it to be successful and plenty to oil and gas to flow.
discuss away Genghi5, balanced views are very welcome if we know what's behind them.
posters with ulterior motives are not doubters, and they're not here to provide balance.
If i came round your house several times a day telling you that the roof was wonky, the windows needed painting and that your wife and kids were ugly I suspect you'd tell me to pi55 off - if not the first day then maybe eventually ??! crack on let's hear some balance..
Iam not
I'm afraid only blind cheerleaders welcome here. No balanced views, debate, or doubters are allowed.
As you observe, it rather ruins the whole point of a shareholder discussion board.
My comments reference their posts and 1 is about message board etiquette, 2 are about the company. Nothing is about the 'man' whoever they may be.
People manipulating the share price is a subject about the company, which I do not believe to be true to any significant extent.
As is the timeline following an RNS about WN, which has been done to death. Watts' interpretations of the RNS that we'd know anything useful 3 weeks after was optimistic but understandable considering the language used by the company. I then suggested a new date, one which may well be accurate for EWT results, considering we haven't started yet...
Did I just imagine your last post? ............No, just checked. It's all about the poster. SFA about the company.
I'm not really sure what you mean. I am posting my thoughts on the company and I get unwarranted abuse. If you can't post freely about the company, what kind of message board is this.
IANAA, please play the ball, not the man. You look a bit of a joke with posts like that.
Well I've just had a dig for value in your post history Watts. I picked up a few key points:
- you advise if people are abusive to report them - check, good advice, thanks
- you often claim manipulation and MMs keeping the share price down - the last resort of someone trying to convince people the share price is 'wrong' based on conspiracy
- a quote from 30th March about WN: "We should know what we have by April 22nd. Time to wake up the share price" - any update on that, maybe a revision to June 22nd?
Since they put all of the eggs in the WN basket I've been waiting for the EWT results. Once they are out I probably will sell and I'll wish all involved well. In the meantime you'll have to put up with me.
It would be a real relief for you to sell up them and takes all your troubles with you.
The bigger worry for me is not the inevitably delayed timelines on the well tests. It is they way they keep talking about additional drills, which makes me think the tests will be inconclusive and there won't be any sale of the asset until another year or more has passed.
Yes we do but the dynamic dou have a long history on talking garbage/lieing about timelines to their eternal discredit.
Just need the well test. Hard to believe we are still waiting for it.
Morning all.
WN is mentioned in this excerpt from an article published by ************** regarding UJO, the author seems optimistic as does everyone else.
"West Newton of course is the main focus of all the assets. The multi-million dollar licence. The biggest oil and gas discovery since Wytch farm almost 50 years ago. Will it be a commercial discovery is the question and it is one that is about to be answered.
The operator and the partners are confident. Industry experts admit to the core sample being like nothing ever seen on an onshore UK well. It is described as an offshore discovery onshore. Plans are already together for substantial future drilling of multiple wells. There are suggestions this discovery could stretch over many kilometres of the licence area, potentially offshore!
Professional analysis, geological examination and present data suggest this will quite simply be one of the biggest onshore discoveries, as previously mentioned, in 50 years. A major contributor to the nations hydrocarbon needs.
For Union Jack, it will be the golden goose! 16.665% of a multi-million dollar asset that whether sold or partially developed, it will ensure the long term security of the company and it's shareholders."