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Just hope the seller's done now Watts, might be too much to hope for though.
Some chunky buys to start the week, long may it continue.
& for £281K a pop, I damn well hope they're working their socks off.
Frankly not bothered how hard they work. They could be working very, very hard on completely the wrong things.
We don't pay them for that.
We pay them for results.
Results have been awful & reflected in the p!ss poor share price. That's all that matters.
Not sure what they did to deserve a £50K bonus each last year.
Failure to deliver has also cost them each 60,000,000 options, lucky they decided to extend the other 190,000,000. All exercisable above current sp, so they are incentivised to get some value out by Oct.
Agree Uggy, been shambolic at many levels.
dee, I don't doubt we'll get there, been quite a wait already. Glad you did well on JPL, I took a big hit on BMR, think JLP picked up most of their assets for a song following shocking mismanagement from Calamity Alikhani & some very self enriching behaviour by A Borelli who went on to make a mint at GGP.
So much of this game is about who you can trust to manage the company. I don't believe ours 2 super stars are untrustworthy, just didn't realise what they were taking on IMO and didn't have the skills to prosecute. We are paying some very experienced NEDs though, not sure they've earnt their crust either.
Just so frustrating to be stuck down at this level with all that's going on.
We were sitting at 0.7p before Victory or WN were even on the cards with oil at half the current price.
Can only assume there is no confidence in the BoD executing the monetisation plan until it actually happens, hence the lack of interest and ongoing selling.
Been a painful hold, don't think I'll last another 2 years :-(
"I wouldn’t even be surprised if we see a JV announcement for West Newton going forward considering the importance of energy security now."
I had the same reflection JM, would be very positive.
Encouraging to hear that you've been able to speak to them Watts, let's hope they paid some attention.
Just hoping those big wins happen soon.
Yes, have to agree about DB Watts. Fingers crossed for tomorrow.
My date tomorrow as well Watts, saw the red dot this morning & thought "here we go!". Not the one I was hoping for though.
Gross value of Victory @ 50p/therm £193M + £85M development costs = £278M
https://www.offshore-technology.com/projects/victory-gas-field-west-of-shetland-uk-continental-shelf/
Conservative estimate of £1.25p/therm gives a revised net value of ((£278M/0.5)*£1.25)-£85M=£610M
Purchaser pays 30% of value to acquire = £203M, RBD 50% share = £101.5M
Looks like your estimation in the "valuation game" was was pretty spot on dee!
Hope your 300% is 50% out though & we hit 600% in the day :-)
Just seen one for 6M pop up, long may it continue.
News tomorrow perchance?!
Hello Chaps.
Well that seems to have done the trick, I'll post another grumble tomorrow & see if it has the same effect! Only saw a few sells this morning, so might hae missed a buy just going through.
I've stopped feeding the troll SM, so not sure what he predicted TBH. Uggy, can only hope their mates who paid 0.9p have given them such a kicking their lesson has been well learnt.
Not sure this could get more boring. No conversation, no trades, no excitement.
Yes, I know it's a waiting game, but I've been waiting nearly 4 years now for the famous strategy of:
"Reabold Resources is an investor in near-term, high growth energy projects where an injection of its capital facilitates near-term activity." to come good.........."near-term" lol.
Some-one tell S&S to check their inboxes, probably find the binding offer was sent last week at some point & they've not bothered looking.
Grumble over.
ChimeyBleue 27.05 - £75M - 1.8pps
SelfishMcNimby 17.05 - £25m - 0.55pps
Jamgoo 01.06 - £80m - 2.0pps
I'ma**** - ? date - £5m - 0.1pps (I think the question was too difficult for the poor little sausage)
cloves 19.05 - £35m - 0.8pps
Manwell 20.6 - £30m - 0.66pps
deemule 20.06 - £101M - 2.0pps
Watts 27.05 - £45M - 1.45pps
Thanks monet, good spot & great news!
Come on you lot, let's see your predictions!
Add your estimations & re-post, let's see who the board genius is:
ChimeyBleue 27.05 - £75M - 1.8pps
Uggy, what more would you have expected from the podcast?
They obviously can't say anything price sensitive, but I thought they were pretty clear the Victory money is on the way to the bank.
Lack of Parta info was disappointing, but apart from that, thought it was a reasonable effort.
Looks like Victory is very much a done deal then.
"We have enacted the final part of the business model which is the monetisation part"
" we wouldn't look to replicate the deal like we've done at Victory at West Newton "
"one of the key characteristics of the Victory deal that we're so excited about is the fact it has really transformed us financially (thinks he's said too much so corrects with) or it will do"
SW seems very animated, SO more controlled but sill keen to highlight all the other areas of news flow due over the next couple of weeks.
Looks like someone might have put a rocket up their backsides about lack of comms & sp performance.
Could be a very interesting 3/4 weeks. Leak due any time?
so it is done.