RE: AJ Bell Investors event.1 Jul 2022 19:39
"at an inflection point"
Indeed, and not too long to wait until we find out the answers to the two critical questions which will determine whether Reabold's change of direction is upwards or downwards. They are of course (and sorry to repeat the obvious):
1. How much will Reabold get for Victory? This is important on so many levels as not only will it secure future funding, but it is the first time that the Reabold strategy will be validated. Does the business model work? How good a salesmen and negotiators are S&S after all of their money men bluster. I'll add a caveat here, please lower expectations somewhat on some of the guessed valuations posted here.
2. Does the first horizontal well at WN flow as well in real life as modelled on computers and tested on the cores in the lab? This remains a significant risk until it is confirmed. Of course if it does, there will be a significant re-rate.
We will need to wait until mid-next year for the answer to the second question, but the Victory question will be answered very soon. GLA.