George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I think W.N and Colle Santo looking very positive.
I want to know what is happening with the rest of "The non core assets" .
Because it extends their salary runway for another 3 years until the £9million cash runs out, you don't need to be a detective to work it out!!!!!!!! That's why the company is trading at £2 million discount to cash in the bank. The market figured the two Bozo's out long ago! JMO Adyor!!!!!!!!!
'Not enough gas to make it viable.'
So why have the two sphincters got involved with it?
Today's market cap £7 million so trading £2 million below cash in the bank. Therefore not only are all of Reabold's assets worthless, the cash is worthless also. What can the Bozo's fan club say about that then Jack Diamonds and Co? The market knows the two Bozo's, Clowns, Cretins are an absolute liability with shareholder's funds. JMO Adyor!
Not enough gas to make it viable.
'. Let’s hope we have no more distractions'
What does your experience make of the Colle Santo project?
I saw an article about another controversial gas field being drilled off the Italian cost on the news yesterday. The Italian Government want to press ahead with it despite local opposition, because Italy desperately needs its own supply of gas since the fallout from Russia's invasion of Ukraine. So one assumes the Italian authorities will also want to press ahead with the Colle Santo gas project? 🤔
What's that Henry? RBD have had two years to come up with this extended inertia and still we hear that Rathlin have the call. As they also own a majority share of Rathlin, this is disingenuous. Here's a better plan, sell WN for whatever the market will pay, throw in all of their other 'assets' and return the proceeds to Shareholders.
Carrot13......"Research note targeting 1.2p, I’d be happy with .10p at the moment!"
The recommendation from Cavendish dated almost 1 year ago was 1.2p. The price at that date 14th March 2023 was 0.19p
That recommendation of Cavendish was based on a time horizon of 12 months.
RBD almost certainly paying Cavendish for the works undertaken.
Make your own minds up!
After 40 years of working in the international O&G development sector on some of the world’s largest O&G development projects. I think they have at last come up with a practical and realistic development plan for WN. Let’s hope we have no more distractions.
Research note targeting 1.2p, I’d be happy with .10p at the moment!
https://wp-reabold-2023.s3.eu-west-2.amazonaws.com/media/2024/02/Cavendish-RBD_280224.pdf
TPTB have made the oil & gas industry a none investible proposition on a par with tobacco back in the mid 2000's.
However the alcohol industry has not suffered a similar fate and as for the fast food industry, that is worth billions.
We await news on the WN drill and it would seem the deadline is not an issue, was June the date the drill had to be commenced or finished?
The chuckle brothers have let us down at every turn with their dreadful decisions & lies. Can't see it changing tbh.
' apart from WN & CS.'
When we won the appeal two years ago to drill WN why have they done nothing allowing the SP to drop to these levels. I have been a bag man when my money should have been invested elsewhere and that is where the problem lies.
Pair of sphincters!
So we now have a cheaper drill to conserve cash. No doubt to keep their salaries rolling in.
Simon must be peed off as it seems they've given up on everything apart from WN & CS.
No mention of Daybreak which is an outrage. Shame he wasn't pushed further by the audience.
Thanks Uggy.
Not that you would get an honest answer, but why have they done nothing to move the WN project forward whilst drilling costs prices have been increasing?
What are you going to do when CS is rejected?
Persimmon there was a q&a session at the end where Williams got a bit of a bashing.
Itsawrap I believe its just a case of requesting an extension which should be granted although they might have to have the funding solution sorted.
His presentation says drilling WN H2 2024, he went on to say they can guaranty it will be drilled this year...yet it's my understanding from the Rathlin accounts that the drill license expires in June. Can anyone reconcile this for me, what am I missing?
love the west newton flow chart full production final date 2025+.....should it really be re-designated 2025+??
noticeable is the absence of the q & a session following william's bull**** address.
NVG, yes a dreadful presentation. I just sat here shaking my head in despair watching it. 😩
He reminds me of ricky gervais, all he needs to do is grow a beard
Watched the Investor Presentation - a lesson in how to be exposed as a complete bullsh(1t)er by going to the wrong place.
A positive upbeat presentation by Stephen when the floor was his, as soon as it was opened up for questions and the reality of the situation kicked in he became more and more deflated, fidgety, nervous - the change in body language and demeanour was a joy to behold...
What do you think Jack, do you think it was a positive step - the share price certainly hasn't recovered off the back of a load of canny Scots believing him and buying some shares ??!
Colle Santo won't make RBD any money and WN remains a coin to55, he admitted that the rest of the nonsense was worthless so it's now more of a complete punt than ever - if you'll excuse the rhyming slang.