focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Why has the SP fallen back?
It was 2605 six weeks ago, end 2021.
Any answers welcome.
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https://www.brrmedia.co.uk/broadcasts/61e1613fe3976b4d1b2d73f6/reabold-resources-west-newton-test-results-update/
Agree with SMcN and Cloves WATCH
For others: - 'O thou of little faith, wherefore didst thou doubt?'
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Apologies for this: -
Omission Jan 2020 - SP1742
Jan 2022 - SP1857
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Q3 was diappointing; just +3% improvement on half time figures. So because Q3 did not reflect the first half of the year the analysts may be able to justify the current SP. So they got it right and yes, I got it wrong! I look at the AUM (which determines the dividend) and a good first half's performance in respect of the AUM did not carry through to Q3. However maybe one should look deeper. To get some balance let us look back to pre-Covid i.e. two years ago.
January 18 2020 - FTSE 100 7674.6 - Fee earning AUM E29.6bn.
January 28 2022 - FTSE 100 7554. - Fee earning AUM E58.2bn
So 2022 YTD has double the AUM figure for 2020! 2022 has better first half figures. Yes, we are not out of the Covid wood but can the disparity be explained? With a reasonable Q4 I consider that we are undervalued, DYOR.
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It sems traditional that the end of year NAV is alway delayed.
Last year it was not issued until 4 February.
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You will not be able to buy at this price (1898) on 28 January after Q3 results.
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VHB - Thanks for your reprint of the RNS.
Yes I read that and came up with TWO.
ONE in the gas zone. ONE in the oil zone.
I almost thought that it was an error? Is it really possible to achieve those levels of production from one horizontally drilled well in each zone in what seems to be difficult geological materials?
Do you have any idea as to how long these horizontally drilled wells would have to be and at what cost?
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GP and others - I have read the 17 January RNS and the RPS statements (modelling). What I have not read is: - How many horizontal wells would be needed (in their opinion) to achieve the possible stated outputs? This poses the question: - How much money would Rathlin need to spend to achieve these outputs? Any answers/guesses?
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On 17 November following the release of Half year figures I posted - '
The half year figures were better than I expected and if you project these figures to the full year, prelims due in late May 2022 one can envisage 'Third party fee income' for the full year as say £420m+. That would result in a 25% dividend increase next year.'
In two months the SP has regressed 15%! My projection for the forward yield now is 3.5% based on the current sp 2005. TheI am not a chartist but we are now at the support level. I have a considerable holding in ICP but I cannot ignore this at the current SP. So more ICP bought. Even a trader would not ignore this share. If Q3 reflects Q2 then the only way is up!!
Am I missing something? the £/Euro rate has moved 2% in favour of the Pound.
Can anyone out there explain the anomaly? Fill your boots. DYOR.
For UJO RNS go to https://unionjackoil.com/news.
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Just click on https://unionjackoil.com/news for RNS.
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RNST,
Thanks for your message 12 noon Wednesday.
Somewhat overshadowed by today's RNS .
Still ploughing my way again through Equipoise's audit of Wressel, so long ago that it merits a re-read. Another CPR in the wings.
DB's upgrading of UJO's involvement in Wressel from 8.33% to over 40% was very shrewd.. Perhaps some more voluable posters might consume a small slice of 'humble pie' over Christmas? After all it is the season of goodwill! The next task for DB is to get the sp back up to 40p+. Let us hope that a couple more decent decisions will get us there? Today's closing sp does not IMO relect UJO's true value.
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KBundy, I have recently been buying to reduce my average cost. There must be many PIs that are in the same situation as you and showing a hefty PAPER loss. I don't know if this current sp is the bottom but no one rings a bell! Listen again to DB's interview, I trust the man. The current apparent cash income situation wrt Wressel is IMO too good to overlook. The only question is 'How long will this income last?' Anyone out there got a good technical answer to the latter question? DYOR.
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