focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
All got to dream a bit BH!
I do think this is as much about reputation and ego for S&S as it is about the financials
They left pretty secure, very well paid positions & I'm sure want to make their mark and get people to sit up and take notice of what they achieved. There must be lot more going on at the moment than we can see.....
Was going to suggest their next target might be BOR, 0.7p at the beginning of the year, just looked and 200% up on that now!
RBD in talks with majors, starting prior to Christmas.
Massive upgrade on resources 10th Dec "B-1 well has significantly increased the size of the observed hydrocarbon column". Significant is not 10%-25%, significant is 100%, so base case & upside case increase to 300mmbbl & 560mmbbl respectively.
Recoverability around 200mmbbl, at current oil price $12,000,000,000
UJO want out so they can get the cash to progress their other portfolio options, sell their stake for £300M
RBD & other shareholders structure a deal with a major to give them 51% control and all development costs.
RBD retail a 30% overall interest in forward revenue, equating to a $3,600,000,00 value. Allow for NPV of the revenue, so call it $2,000,000,000, £1,450, 000,000
Share Price rockets to 22p
I sell up & am a happy chap!
What could possibly go wrong?!
Agree Snaffleman, not very clear at all......guess the problem is RBD can only replicate the announcement made b Rathlin.
Think Rubey was alluding to exactly that just earlier this evening krull, it has been mooted before & maybe S&S are getting this underway while we wait.
Not seen any other info to corroborate or otherwise, but hopefully we’ll get official news soon!
Think that is already quite clearly stated, not sure what point you are making persi?
From BMD, think he's mostly called it right & something must be going on....
"There’s a lot of ‘background noise’ on #EOG Can’t firm it up but it could be, #Rathlin linked etc. You heard it here 1stThumbs up
The word is potentially #Transformational"
Cheers miker & well done on GGP. Was recommended it by an analyst friend just a year ago when it was 2p & we were at 0.725. Was tempted to move some across there from RBD but didn't, will be kicking myself all year on that one! Still very hopeful we'll get to double digits here at some point though which would sooth the pain!
Volumetrics update would be most welcome BH, like you say they must have been crawling over this for ages, even with the Christmas break.
Well that was a bit of a whirlwind romance, sorry it ended so abruptly for you both.
Still, you'll always have RBD as a common bond.......
Hope so BH. Bit of a tough hold at the moment, all the other shares I've looked at but held off seem to be moving north at a rate of knots and we're just dancing round the 0.6p handbag.
Think they really do owe us something on California & Parta.
Silence around WN is also strange. BMD has been pretty accurate in his predictions, and its about a month since he tweeted about great news coming out, so they're keeping a tight lid on that which is good (or he's wrong this time?!).
Not sure if we're going to get a Shock & Awe RNS covering everything to turbo charge the sp, or whether we'll be drip fed bits at the current rate.
Hoping for the former............
Would be happy with £999M Manwell!
LOL
Interview was 10th Dec, RBD directors talk about testing etc. over the next couple of months. News can come at any time.
Have you got better sources that you'd like to share?
Not really bothered as I'm not selling until news anyway.
As posted by Mr Investor on UJO. Looks like we've got a couple of months waiting time according to this interview, prize should be worth it though......
Best to take your info from somewhere reliable rather than speculate. I hope the Chief Executives from Reabold is good enough for you? Skip to 4:30 for next steps where they reference drill ‘in the near year’ and ‘an exciting few months ahead’ - although I’d suggest you watch the whole video. Volumetrics and further details of next steps TBC.
https://www.brrmedia.co.uk/broadcasts-embed/5fd0e43f5b34714b9f9b3540/copied-from-5f76f63fc4d0076f2b93af05/?popup=true
Personally I’m just relieved that we have someone of Maneater’s quality selflessly giving up his time to look after our interests. What a great guy!
Thanks Manwell,
Always value your knowledge & insight.
Do I infer that finding a buyer will be very difficult? If that’s the case, would we raise and develop ourselves, or sell at a considerable discount? Ultimately everything has an economic value, so a buyer would emerge at the right price surely.
Interested to hear how you think this will pan out.
Cheers
Cheers Miker, even better!
2.5pps would give us a mc of £177m, ignoring everything else that would make WN worth £310m at $11.
This would be oil only 38mmbbl recoverable, way below what we can reasonably expect.
Call me a ramper, but I'm expecting at least 3 times that value, probably more.
This will be/is a multi-Bn£ opportunity.
Many thanks Manwell.
Thanks Albinio, appreciate your response.
Couldn’t find anything, but some seem adamant we’re waiting approval, probably on a wind up.
Would really like to see some upward movement here. If it’s only to 2p, I’ll be massively disappointed. Could have sold for close to that 18 months ago!