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thought police or a paid leech, I know which one enables me to sleep easier at night.
and a bit lazy not posting as your other alias, I'd assumed your role was mainly to create havoc on HUR at the moment - don't get distracted or was this one on the house ?!
Albino: "Also West Newton may not go as well as hoped, so a share offer no good at all in those circumstances so may be a little hedging going on." be careful what you say the thought police will be watching.
Hopefully that capex comes from WN.
All the media sites are all over the permit news yet silence from the dynamic diluting duo….annoying really as have seen shares go up anything from 5-30% on permit news.
Yet we will likely encounter another red day today.
The Victory gas field looks a very low risk high reward proposition with relatively low capex.
"why not wait to do this until the well test, or after, and issue potentially materially fewer shares?"
Because RBD wanted more exposure to Corallian
An offer they may consider good value to RBD now is easier to get away with the carrot of upside against West Newton testing, if RBD shares shoot up during/after, the deal becomes less attractive without any near term upside, so in real terms they end up paying a higher price although with potentially less shares, but ultimately a more drawn out process with less Corallian in the end for RBD potentially.
Also West Newton may not go as well as hoped, so a share offer no good at all in those circumstances so may be a little hedging going on.
You're clearly not looking hard enough as your conspiracy radar is still way too sensitive! I think it is coincidence, do you really think someone would pay me to write messages like this?
I did say positive things about the company, but you seem over sensitive to any critique and can't see past that.
However, you accept the size of the asset is not certain, and equally the quality is uncertain and therefore it's value is uncertain. Hence the current share price. Nothing more needs to be said about your pie in the sky £200m figure. Maybe you're right, but it's by no means certain, and your analogue is a poor one because nothing is proven (a houses value can be relatively accurately estimated)... we're STILL dealing with an unknown quantity until the EWT results are generated and then released.
You said it yourself if your conspiracy is true then what I say isn't impacting the value of the asset - so how do you make sense of that? Maybe the simpler explanation is that I am who I say I am and you're just peeing into the wind again.
no I'm too busy having hard looks at myself in the mirror to waste time thinking up conspiracy theories - let's just say the name, the style and the narrative are very similar to RNST - maybe a coincidence maybe not.
nothing positive to say about a company that (is) a 56% owner of a company that (may) have discovered one of the biggest mainland gas and oil deposits in Britain for half a century ? Why are you here then if it's a complete ball ache pretending to own shares
FWIW I think they know enough to understand and convince others close to them that the value of the asset could be several hundred million pounds. If that's true, and many other experts or so called experts feel that it is then most of yours and your mates constant dripping is fundamentally irrelevant. Put simply if I had a house worth c £200million I wouldn't worry if i had to spaff some loose change getting the garden dug and the windows cleaned. If cash flow was a problem I could easily borrow against it on the basis that the equity is unencumbered. Lot's of ways to cut up the cake if it's a nice tasty cake.
But that's a clear thinking rather than completely biased narrative..
Wow detective Noveck that's amazing. The use of the word we in the context of people who wind you up means we're all in cahoots together. Do you enjoy endless conspiracy theories.
I never said you were claiming multibagging, if you read my words and take a breath you might understand that this was the explanation for why I share my views not why I bother responding to you.
There is nothing positive to say about RBD at the moment because of the snails pace of the EWT and the reliance on a single asset. I am pleased it is advancing but this is the thing many of us have been waiting for, for a long time. Waiting longer doesn't make the oil and gas in place larger, nor does it increase the chances of it being commerical. It merely depletes the morale and is very brutally a wasted investment thus far and lost gains from elsewhere. Anyone in here at the point the drills at WN were complete and wanting to stay would have believed the EWT results were just around the corner.
I also believe that all the other assets are attempted mitigation against WN failure to salvage the company if WN is not commercial. I really hope it is commercial but bluntly we just don't know yet if it will be. The plan for 10s of wells doesn't bode well for individual production rates nor for the amount of CAPEX required to develop. It all worries me but I just want to see the results.
And what are your thoughts on the prospects?
We - at least you admit you’re in a group. Gtd multibagger please point me to that one or more than one from me ?!
Great to hear opposing views, many are informative and have made/saved me money on here and other bbs over the years. There’s a difference though, some including you just drip (non stop) with never a good or positive thing to say. Why is that, are you just fundamentally negative suck the energy out of the room type people (or pr1cjs as most tend to refer to them) - or is it something else ?
Anyway, prospects what are your thoughts ??
Btw, just put some viagra in my eye, having an even harder look at myself now
Haha, what a joke - "knowledgeable and serious investors". And anyone that doesn't think like you isn't?
Considering you can't stand any different views to your own I don't even understand why you're here, except to project onto others. And that is the thing that bothers me most here, I am invested and hope for success in WN but I'd hate for someone to stumble in here and read the messages of some on here screaming guaranteed multibagger etc. That is irresponsible and is why I post here my thoughts.
I've shared my thoughts in an honest way, so you can read them if you want. However, despite not caring about my motivations it seems you've already decided, incorrectly, what they are.
Have you considered the reason me and a few others are irritating is not because we're here to wind you up but there may be some good points in what were saying that you don't want to recognise. That's another game for you - try searching reflective genuinely why we make you so irritated? As that say more about you than it does me.
done that IAmNotAnInvestor, had a very hard look at myself - now what - is this a new game - I like games ?!
the idea is with people like you, RNST, persi and the rest of the paid to post/dripping crew is to be as equally as irritating, the desperate attempts to put off knowledgeable and serious investors is futile.. I don't give a F F what your motivations are - what I can see is that they're different to mine and this is a free country and an open forum.
anyway what are the prospects for the company in your opinion if this is what you prefer to discuss ???!
NoGood, I think you should take a hard look at yourself. Posting here, calling me names and then putting some lame boast about shorting Dax etc. We don't care about your choices outside of RBD. We're here to discuss the prospects of the company. If your reading of the market is as bad as your reading of my motivations then I'd stick to safer investments if I was you.
ManWell - my point was the timelines getting or steps required in the process not being mentioned. If anything you should be saying to RBD why not mention the logging that was always required and include it in your timelines. Although O&G timelines do slip, this company is by far my worst experience of this. If at work I just took everyone else's words for their timelines and passed them on I'd get criticised and rightly. Responsible management should be thinking at a higher level and managing expectations.
probably persi, that's probably the answer
these have been in the .2's the .4's for ages and at .55 both pre and post the last dilution - all within the last year.
whether they go up or down I'm happy with what I've made here, no oil and gas flow is my only real risk and I'm happy with the odds off that based on what we know to be true.
Picked up some more free shares this morning having shorted the F out of Dax/FTSE and US - again.. ! like it matters what you sad nobs say..
You can sit on your hands and moan, get paid to create fear, or have a strategy and be pro-active - whatever floats your boat
RNST....I feel the answer to your question is probably because the dynamic duo want as long a period of time between dilutions as possible.
Clearly, S&S feel as though they have no duty of care to either PI’s or II’s- a fair and reasonable inference from their actions being their personal wealth taking precedence.
Harry
"There was a big scaling back on the recent offer"
yup the Corallian shareholders wanted out of the new one trick pony that is Corallian and into something that was actually going to happen (WN well test) and a market into which to freely sell their shares. An extra 470mm shares issued just before a well test which will goose the shareprice...why not wait to do this until the well test, or after, and issue potentially materially fewer shares?
Watts
Quite.
The antics on here would be amusing but for the constant attacks on any sensible posters who make points in sensible, measured, fashion which are less than laudatory. None of us can learn anything from listening only to those who agree with us. All this sniping drives out the kind of debate these fora are meant for.
IAmNotAnAnalyst - Victory CPR is out of RBDs control, they've just passed on the date that they was given.
Logging was always on the cards, if you didn't know that then maybe you should have done some more research.
Again EA permit is out of their hands and I'm certain that part of the logging (CBL) would have been key to the EA approving the permit.
This is not me sticking up for the dynamic duo as I do not believe 1 word that they say, but that's another issue.
Timelines within O&G are always issued as a guide. I don't know exact numbers but I would say less than 5% of timelines are actually met.
Markets look bad today so red day on the cards here.
Here's some data on overpromising and underdelivering - Victory gas CPR, due April 2021 - late.
From an old message from me "from aQ1 test start (from the fundraise RNS on the 28th Jan - only 2 months ago) to now needing further logging and profiling and a draft EA permit only not final. Compared to Jan this recent RNS is not only a delay but also adding in further steps befor EWT".
There's more evidence supporting my position in my post history, but clearly you don't care about that.
Here's one from you to contrast "shlt loads of oil and gas have been proven to be present at West Newton, and gas AND oil have been proven to flow" please let me know where the data is proving gas and oil flows. I'm not saying it won't flow or hasn't for very short periods, but in any way significant flows have not been logged. Ergo there has not yet been a proper test.
So are you saying this relates to you IAmAnAnus?
'The first is well thought out negative posts that show why a company isn’t doing well, or isn’t going to do well, usually backed up by data.'
If so, where's the data?
My mistake - I mixed up the RNS'. I still have very little faith the EWT tests will yield results before the end of May.
SMcN - please let me know what nonsense I post. To think that all who have invested in RBD must be immensely impressed with performance over the last few years seems absurd to me. Considering how the company describes itself they have been incredibly slow to realise the vision, moved the goalposts and in my opinion have been very economical with the truth in RNS'. I'm sorry you don't agree but not everyone who disagrees with you is a troll. I am a real person and no paid to be here...I'm happy to take contributions though and continue to post what I think.
Completely agree, I'd wager there's a glasshouse nearby
From my earlier post. Which category is IAmAnAnalyst in?
2. Nonsense negativity on social media.
There are two different types of negative posts. The first is well thought out negative posts that show why a company isn’t doing well, or isn’t going to do well, usually backed up by data. These are fine. Usually posted by real people. Some companies are bad, and they rightfully deserve to tank.
But the second type of negative post is one like: “This stock is garbage!”
This is nonsense.
These are posted by paid manipulators or inexperienced investors frustrated by the direction of the stock price.
IAmNotAnAnalyst that RNS was three weeks ago.....glad to see you've got your finger on the pulse...
That's the ticket Deermule, don't worry about whether Rathlin will need any assistance shortly.