Member Info for Beynon

Ramp - that post made me chuckle. Eating at spuds-u-like again lol. I imagine if we can get some oil coming out the ground in a controlled and continued manner it won�t be tatties over the side after all.

Credit for masterminding any transfer from the small to large holders here. They would struggle to get p*#sed in a brewery imo. Nothing yet on the permits to sell internationally which may well be the delaying force if we assume they are not as incompetent as they make out. The next timeframe, end of March is really not that far away ...... wonder when the next update will be - late of course. Maybe under one of those three red buses was a flow test and they just move them around and you have to guess which one it’s under.

With proven reserves I would say financing won’t be an issue. The operators tend to pay for them but it will be in the national interest. 30” pipe is worth about £7k at most, coated for anti corrosion is buttons and most mills chuck it on for free. Pipe mills are all quiet at the moment with a global surplus of stock pipe so there are definately deals out there. Installation should be straight forward, site weld, in spection, heatshrink sleeve and off they go. At worst I am sure there could be horse trading for the ownership and lease of the pipeline. Nostrum work a good amount on khaz and are planning a large amount of wells in country at present so all the tools are there - just a matter of getting that oil out

They must be using the funds that remain in RLH to pay for the IPO. This is essentially going to cost us double. I imagine they don’t have that much cash either so this is maybe the only reason they would continue to use the rLH framework as the access to market.

Seems to be more a personal attach than relevant facts about rlh. I do agree with the view point that without the aim shell what is the point, other than access to a bod familiar with the market.... where that leaves investors is another thing.

Jeez the poster is redirons. ....... it’s been a long month lol

I actually had a look after my post. Two directors were on 50k a year with another on 12.5k. Cash was generally spent on pursuing their different strategies, however that was spent and with whoever. I’d imagine they have spent a fair bit in trying to conclude a deal, advisors, consultants, travel. Amazing how fast it disappears. Also one of our directors was nominated back onto the board of Sirius petroleum in December, not Mr May, the other guy. He’s been on before but back on. Funny enough a subsidiary red leapord management is register in red lion square....... red lion posts here every now and again - coincidence? Lol

I imagine there won’t be much after 6 months of salaries

Well maybe all moving along ready for an announcement - I can’t see any mention of rlh within that website but good find. What are the thoughts on this?

I got hold of one of the company representatives on the phone, it was manned. They could only confirm the information already in the public domain but appear to still be working on the deal as u would assume. A lot to happen in the last month or so for all invested.

I tried calling the RLH number at the foot of the rns yesterday - no luck on my part. Wasn’t hopeful of any information just to try and give some impression that investors were anxious for news

There are phone numbers on the rns docs - might give one a call next week as an outside

Did anyone find an email address to query when we will get some type of news?

I am not sure the other potential options but if a deal is a dud then they will dissolve the command return held cash to shareholders. Unfortunately I think this will be far less than the trading price at suspension. Good news is the director holdings will not want that to happen. The last rns was worded towards the deal being very far along but I imagine they will be trying to drum up fund raising sources to commission the deal.

Surprised no one has mentioned the sale of the core jaxkup we’ll head part of this business for circa £48m. Share price and volume pretty sad off the back of it.

You have to consider the NPV of the project. I assume that our board are working to assume a value proposition therefore this acquisition should be at a discount and that's where our nut will come. Divesting the coal could be for many reasons and that may be where the value opportunity has arisen

Flush out the short term traders I'd say. Spread is cynical!

Spreadex - sales £50m/ pbt £27m - yikes!

Seems to be somewhat odd as there is ok volume there. I can't understand such a spread other than to slow any buying or selling. Big sale or buy in the background maybe?

At the time it was traded, definitely.