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Mr market maker
Value’s BOR at $30-40 million
Probably works for the largest shareholder
I noticed the trading volume on BOR has increased noticeably since the new year
We all see there trading their holding (BOR)
A few times a week
Let’s see what there thinking about
Rumblefish
Rumblefish, I see you have met our resident troll, he appeared a few weeks ago, initially bashing this share but soon changed his mind, presumably after buying in, he was posting numerous posts, at one stage eight straight without reply, abusing any who disagreed with him until being a little quieter last few days. I really wouldn't waste your time. He is a short term ramper trying to encourage others to part with their money.
The board of directors had there chance
2010 Oil prices we’re moving up,
2012 Darwin east Wildcat
2015 price of oil was at $100 approximately
What were they doing between 2012 and 2015
Darwin east is a priced asset
Lucky they didn’t find some half assed investor
Like premier that ran out of money (in 2016-18)
Oil prices are looking at moving up in next 18 months
Darwin east can’t stay on the shelf much longer
We are in a commodity business
Like I said before
Cut costs find a buyer
Rumblefish
Hello Rumblefish,
What rns does it tell you that they are moving offices ? I am Still Waiting for a reply !
They have enough money until April 2023 (hardly running out of cash) so there’s still time for them to get a farm in partner . I would not be surprised if it’s a service company as rigs etc have never been cheaper and there tons of idle rigs sitting around .
They are not running out of ideas and that’s why there’s an investment bank helping them out DYOR.
Rkh took Fogl over for £57.1m when oil
Prices were much higher and Bor has a major discovery 455m barrels , therefore I would imagine and it’s only a guess that we would be priced around £30m-£40m but there’s no chance that we will get taken over imo.
Howard’s and the bid havnt wasted all these years of there lives to then sell the company . They are very approachable if you care to call them yourself, you should try it tomorrow and let me know how you get on .
I don’t know why you thought I wouldn’t respond because I’ve thought everything through and I’ve done all my own research.
I’ve said this before but I’m going to say it again , 2 things matter when investing ... the price you pay and the price you sell .
Anyone buying now has limited downside with HUGE potential of massive profits ( could be well over a 100 -200 bagger and that’s just on a positive appraisal - not including all the other elephants we will be hunting and without a oil rim below Darwin).
I’ve been invested in the Falklands since the ocean guardian set off . We were all following it and watching it get nearer back in the day so it’s not as if I don’t know anything .
I remember Oil Brat, BHLCF and GC Clark to name a few and believe me when I say that the Falklands will come alive again .
Premier was the death of Rkh but we are in a total different position thankfully.
Have you got any other questions that you would like me to answer ?
Take care mate and ATB
We are all in this together and the BOD interests are aligned with ours even if you don’t think so .
ATB
Mr. market maker
With all your accurate information
Give us a valuation of BOR for buy out
Unlike Rock (RKH) we don’t have any Partners like Premier and soon NAVITAS (leaving RKH with 30%)
BOR and the board have 100% of Darwin East and Licences Adjacent
Anyone looking at BOR, has to be moved to make an offer for the whole company and all their Assets ie takeover
So what do u think
BOR buyout
Company valuation please
Bet you don’t respond
Rumblefish
Never negative about BOR
NEVER ever
But cost cut has to come now
Can’t live on Richmond Hill and eat spam every night
Rumblefish
Rumble fish
You bought at 72p and watched it fall all the way down . I know you averaged down to 29p so I would be upset as well but moaning about what ifs will get you no where .
The fact is that this is a very strong buy down here below 1p especially when the price of oil rises.
I feel your pain mate !
How do you know the following :-
There moving Out of there Plush Saint James sqCorporate office to something cheaper ??
Can you point me to the rns that states that please ?.
If that’s the case you should be happy because they will be saving even more money .
The only negative that’s changed since you bought in at 72p is their cash balance and poo. Where as the positive things that has happened since I bought in is that Darwin has grown in size and the break even point has come down.
Rkh are moving offices as well , if our bod thought there was no hope of a farm in then they would milk the company for all its worth and that isn’t the case .
I would like them to get paid in shares myself in the near future .
It’s not over till it’s over so keep the faith. You never know what’s just around the corner
ATB
So all the board of directors took a pay cut
35% as of June 30th 2020
Also 25% Targeted Reduction in overall expense
What does that mean!
There moving Out of there Plush Saint James sq
Corporate office to something cheaper
Why are they looking at just saving 25%
Should be 50%
Running out of cash
$3.7 millions as for December 2019
As of today they maybe running out of ideas
They should’ve taken care of finding a partner in 2010 the discovery well Darwin East
Everything is way too SLOW
Thank you for the 35% Pay cut, I think it should be more!
Need at least a 50% cut in overall expenditure
Rumblefish