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I can only agree persimmon, in fact I don't think they're that good. They have lied so many times I find it incredible & I have no doubt they will continue to do so.
I believe the sp is languishing for many reasons but the confidence in our management team is up there at the top of the list.
The only description I can give both our joint CEO's is that they are both 💩 at their positions at the helm of a public company.
I think you guys are being a bit harsh about the two 🤡 🤡 . Bernie Madoff and Robert Maxwell would have been proud of them I'm sure?
Simon stop trying to ramp.
Incoming.
mainly i resent being had over by a pair of lieing ****s. i'm also amazed the nomad has allowed some of their outrageous rns's.
I would add it could also be a multi faceted deal with stage payments drip fed into the drilling with West Newton being the only project involved. The cost to we investors would be massive reduction in the price of our shares
Uggy, they lie as we both know. I would not write off a two part deal with both cash and 'free' shares involved. If the offer seems very attractive someone may bite. Remember how desperate the two jokers must be as judgement day arrives. A Simon64 lurking in the wings lol.
Sells going through way above bid.
R.N.S in the wings ?
Practically full ask just been paid for just 135 shares. Hmmmm.
Persimmon they've already admitted they wouldn't be able to get a fund raise away.
Itsawrap we'll never know what /how Rathlin blew the money on. The bargain basement drill programme is to save as much on costs as possible & doing it on the cheap causes yet more problems. Our 2 crooks have screwed up everything they've touched, it's just a joke albeit a very bad one.
Simon I think you're deluded but it's your choice.
Make no mistake, our 2 cretins know this will be their last position as ceo's, their reputations are destroyed so they'll milk this company to death if allowed.
Persimmon they've already admitted they wouldn't be able to get a fund raise away.
Itsawrap we'll never know what /how Rathlin blew the money on. The bargain basement drill programme is to save as much on costs as possible & doing it on the cheap causes yet more problems. Our 2 crooks have screwed up everything they've touched, it's just a joke albeit a very bad one.
Simon I think you're deluded but it's your choice.
Make no mistake, our 2 cretins know this will be their last position as ceo's, their reputations are destroyed so they'll milk this company to death if allowed.
Based on UJO's Finals and their 1/6 of WN, Rathlin spent £2.7m on WN in 2023 - where did that money go? what did £2.7m achieve?...oh sorry, I forgot, we now have a bargain basement £9.6m drilling program which will blow the doors off...but where is Rathlin going to find £6.4m when the 2023 cash-burn was astronomic?
Yet another imaginary purchase from the two 🤡 🤡 fan club member. Don't you think this company is just another AIM SCAM as it sure looks that way to most on here? JMO Adyor!!!
Just bought another £500 worth.
W.N news any day now.
What chance of a huge dilution followed by a 200-1 consolidation to try to cover up their mismanagement?
We don't have the funds for future opportunities !
WN firewall? I would say unlikely & if there was we would.be looking at an eye watering loss.
Due within the next few days, Company results and posting of AGM with events tabled.
Would not be surprised to see a flurry of other meaningless RNS's with some 'hidden' nuggets regarding future opportunities posted around the same time to placate the weary patient investors.
Expect a fire sale dilution with regard to West Newton on the horizon!
S.C.A.M?
I agree, it's a major concern, the 2 crooks have squandered too much money on basket case gambles.
Their only chance is to press on with WN & hope for a quick sale. Failing that we're toaßt.
When you look at it their whole business plan is flawed.
Uggy, as I see it, if RBD has to fund Rathlin for £5m plus £1.6m for their 1/6 that only leaves about £2.5m cash.
How long would £2.5m last once they strip out their salaries and G&A...maybe 3 years?
How long until they monetise something? not within 3 year unless Rathlin pull off a miracle at WN
Itsawrap, I have been of the opinion for a long time that we would have to fund Rathlin I don't believe any other solution is out there especially in this ever worsening environment for O&XG UK.
Our 2 crooks have known this for some time & sums up their contempt for shareholders.
As for the £4mill, we'll that was just a carrot & an outright lie
Watts, the chuckle brothers talk a good game but rarely deliver...funding Rathlin has yet to happen so NSTA permission to drill expires next month...meanwhile, I'm still waiting for my share of the £4m they promised to return to shareholders
Wrap,
Who owns more that 60% of Rathlin? Their opinion that they are not responsible for funding WN should be shoved down their throats.