Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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There are 'fees' and then there are expenses !
No surprise there then..is that to service the Ferrari?
Moniman, Williams was the only Rathlin director paid in 2021 & 2022, £36k pa - source 2022 Finals
"The fees paid on behalf of Stephen Williams are received by Reabold Resources plc..."
Best read what is not said rather than what is with RBD. Any definite news regarding time scales....NO !
The spike in s p will be propped up by buying into treasury following for many more months of decline...JUST WATCH !
I assume he's also drawing a huge salary from Rathlin for seemingly doing nothing there as well?
Sphincter Williams is on the board at Rathlin, why have they not got funded sorted out yet?
Just what have they been doing - this is not acceptable!
Itsawrap, once again I completely agree with you. As a feasibility study is being carried out I would expect that to take several month. Work is still being carried out re permits etc. so God only knows how long that will take. A drill this year is just a pipe dream.
I also note SW mentions progress at CS re permits. I assume that includes the early production permit which the lieing toe rag promised by end of 2023 ! The man has no shame & has no right to be a ceo of this company.
It's more jam tomorrow & waffle imo.
Most importantly they tell us that funding has still not been finalised which is, quite frankly, a joke.
I hope it is good for the sp but a little early me thinks. I think a major re-rate will only come when Rathlin confirms funding, until then it's all spin to keep investors on the hook. As for drilling "late 2024" - not a hope in hell imo
The stand out line has got to be "Reabold now holds £9.1m net cash".
More than the market cap...
Well this should put a rocket under the S.P.
Not bad news at all, but would like the other projects would get a move on. GLA.
Agree. Happy to see that. I invested here in part for the cash position so they put another teaser about excess cash to shareholders which I only want if they also fund the 2 projects properly but I would like to know a little more about that (away from the buybacks) when they can say more than "we may do that in the future" which is how I read it. Happy but keen to understand that cash distribution point better. Apologises if I missed that detail in the RNS though!
Excellent progress and sp should rise accordingly but also an opportunity to add or buying for new investors at a knockdown current sp.
Holding strong
GL holders
NVG
I don’t know if I should be appalled at been called a “Wired Liar” or
Euphoric with your statement
“Some of what you’ve posted over the years means that you’re definitely on the inside track or are closely associated with someone that is.“
I am a private investor, who is opportunistic in outlook, enjoys factual analysis, hates BB bullying or individual posters who clearly have a warped view of reality.
BBs are unregulated to the point where some posters exaggerate false logic for financial gain. They are easy to spot and to challenge.
Some posters who choose to spit feathers will get a metaphorical nail gun response.
I invested heavily at the outset of RBD as I bought the story. My book loss runs to £’000s which I deeply regret.
As you have searched my posting history you will see that I have commented that Victory sale was a very poor return, the value exchanged for Colle Santo was excessive and the demise of California to daybreak difficult to rationalise.
Paul1deano. I have been selling down my position as there are much better investments elsewhere. In addition the existing Directors should never have allowed their relationship to sour from “Strategic Investors” to disinfranchised minority shareholders.
I have positions in DELT, BEACON, UJO, LLOYDS and M&G for dividend yield. I invested in Adobe in Jan 23 at $336 due to AI noise and they hit $ 630 recently, falling back to current $560 pre Q1 results due 14 Mar. NVIDIA Is another I follow. Big winner with GKP following Jeremy Asher purchase for pence and sold at £3.60 ish 10 years ago ROI £365k. Flight to Zurich for board meeting and posted on III at airport resulting in 360+ post tick up. Ploughed £35k into SXX at 4p and sold 8 weeks later at 8p. Those were the days. Nothing to prove and no axe to grind.
These are not tips, and represent just a slice of a wider portfolio.
My altered ego is definitely not an insider at RBD
Jack
Our 2 cretins showed themselves as the rank amateurs they are with their basket case attempt to buy out Deltic.
A bit of history from a Deltic RNS when RBD were interested in them.
"Reabold is disappointed in Deltic's initial views of the West Newton project and notes that, given the lack of engagement with Reabold, the Deltic Board's "detailed understanding" appears to stem from datasets dating back to 2017, which was prior to the drilling of the West Newton A-2 well. Reabold is surprised that the Deltic Board has noted "serious concerns in relation to the technical viability, materiality and limited potential upside" in relation to West Newton, particularly given the fact that Deltic uses West Newton as an example of a potential analogue of Pensacola in its recent presentation materials and references the significant discovery at West Newton in its own regulatory announcements when referring to Pensacola."
Https://www.lse.co.uk/SharePrice.html?shareprice=DELT&share=Deltic-Energy
The two useless cretins should have a look at the Deltic Share Price performance instead of thinking about how much they can pocket for themselves at the expense of shareholder's interests. JMO Adyor!
In a padded cell would be my guess.
Itsawrap
Rathlin UK taken from latest Accounts lodged @ Companies House 31st December 2022 states..............
Material Uncertainty related to Going Concern
In order for it to fulfil its work program commitments additional funding required before 30 June 2024........
casts significant doubt on the companies ability to continue as a going concern.
'drilling and testing of a new Kirkham Abbey deviated or horizontal appraisal well be undertaken by June 2024, the recompletion or sidetrack and testing of the WNA-1, WNA-2, or WNB-1Z well also be completed in that same timeframe'
Can any industry insiders tell us if such a task is possible to complete in the remaining 4 month window?
Perhaps the timing of the requisition was too destabilising and opportunistic and they should have waited until July, who knows, but you get a feeling for the situation and how it appeared.
Just a thought...perhaps Oza and Williams should become the poster boys for Just Stop Oil, let's face it, they have spent £10m's of investors money and have yet to produce enough oil to lubricate a door hinge :-)
Where is she ?
Hi persi, note 25 in the last accounts from Rathlin states as follows:
"On 01.03.2023 the NSTA formally agreed with the Company's proposal to reorder the additional components of the Company's work programme such that the drilling and testing of a new Kirkham Abbey deviated or horizontal appraisal well be undertaken by June 2024, the recompletion or sidetrack and testing of the WNA-1, WNA-2, or WNB-1Z well also be completed in that same timeframe, and a field development plan be submitted by June 2025."
note "completed in that same timeframe" which means it's not the funding, they have a mountain to climb in 4 months!
Anyone going to the presentation tomorrow night in Edinboro?