RE: KA Saturday?22 Oct 2020 08:29
You'd think it would make sense Rubey! You have to lay it out again...
Last November they raised £24 million at .9p. To do so they increased the shares in issue from 4 billion to 6.7 billion to raise that. A 67% dilution. Why do that? Why invest from the point of view of the investors?
Because the data from the A2 well was SO GOOD that they knew this was a company making big deal. A 65 metre gas and oil column in the KA with more saturated cores from the deeper Cadeby. It was a massive, massive decision for them and for the future of RBD.
Since then they have added another 16.7% direct interest in West Newton on top.
This decision has been described in some quarters as a 'punt'. I don't think you make this kind of move with a 'punt'; mindset. It's a game changing move. You do it on the basis of very good evidence. You ask questions. You grill the experts. you ask 'What are the chances?' and when you get very, very positive responses..... then you go for it.
I think you are right in that I would want to be there. I think if you did not want to put the drilling team off you might stay away, but I'm guessing for the rig crew it is just another drill.
Next Monday Morning could be very intetesting .....
Very exciting times and i am hoping for an early RNS mainly because i think it will catch certain people on the hop. I think, correctly, that many feel we are weeks away from formal notification of a find and again further from an EWT backed result. But confirmation of the KA horizon being similar to the A2 will set this off and running and it will bring a big fat smile to my face.
Somewhat hard to concentrate on anything else at the minute. next Monday morning could be quite interesting......