Member Info for chrishutch

The market cap seems to be way under cash.

Am invested cause I like the business model and the guys behind it. Happy to let this play out and see where it takes us.

Wish you luck.

Nice to see!

Amazing to think there is a drill about to spud and the current level of interest is zero. Tough market this one. More seem happy to wait for news and pay a premium.

Thank you for the response D14, appreciate your thoughts. I have not made up my mind in either direction despite the punt placed and have no issues changing my mind. I will take another look and take what you have said into consideration. As I am in and the price currently is moving in my favour - I will leave my trade open until I have a chance to look further.

For clarity, I made a small error in the below post. The NPV Figures for West Newton and Parta are around the wrong way. They should be Parta $37M and West Newton $61m - thank you to @lee_trades for highlighting.

they are funding = they have funding

Interesting replies. I understand they are share picks for the year not a short term position (assuming news does not suggest exiting sooner). However, always good to have more than one view on a company. Do you guys hold shares here?

I see the price has been trading sideways in a range between 0.249 and 0.372 for a while and is currently below the 50ma. I looked at the company website and also notice it gets positive reviews from customers. The turn over is up year on year, suggesting growth and they are funding now thanks to the recent placing. Maybe I am missing something but at a glance the current price seems like a good entry. I am in at 0.26 and will have a deeper look.

https://twitter.com/SharePickers/status/1092100802498441216

Took a punt as Justin seems to be good at picking winners. Will dig deeper and add if I like what I see.

You missed your entry, nothing wrong with that. Buy in now, the price has a very good chance of being worth multiples of where it currently is.

The below is not even the portfolio it is just the next months worth. See current market cap.

Colter CoS 58% NPV $56m
Monroe Swell CoS 80% NPV $100m
West Newton CoS 72% NPV $37m
Parta redrill discovery 90% NPV $61m

NPV net to #RBD Total = $279m.
It is also worth noting there is a second shot (deeper) with West newton that has a 23% chance but a $850m target.

Thomas Goulsbra
?@GoulsbraThomas
Following Following @GoulsbraThomas
More
#RBD Mcap £28m, current portfolio potential $427m NPV. Lots of near term activity, 2019 H1 drills, Colter, Monroe swell, West Newton, Parta & Grizzly Island. Cashed up and generating cash, It’s an easy hold!

https://twitter.com/GoulsbraThomas/status/1092345367407091712

We also made The Times.

For those that missed it we made the daily mail yesterday. All publicity is good publicity and all that.

https://twitter.com/MrChrisHutch/status/1092174325225009153

Was never a boy scout but that looks 300 miles away to me. First time I have seen google maps suggest and plane as a method of transport.

The rain in Cali is light, lucky. Unless I am reading the map wrong, Cali is a big place and weather near Monroe site is light today and tomorrow and it is supposed to be sunny from Wednesday. Either way they have been upgrading/smoothing the well pad so should make for easier access.

So we should see Monroe Swell and Colter both Spud soon in my view.

We should then see West Newton and Parta come into action and there is a small possibility of Curlew A. For those not familiar with this drill as part of RBD investment in Corallian they acquired other licenses too. Some they don't talk about much but they all potentially bring in money to RBD, Curlew A was farmed out in October and comes at no additional cost to RBD.

This is an exciting time for the company with multiple drills from multiple projects happening at the same time.

Morning all, good to see new and old faces here. With 4 drills happening, you would expect to see increased buying.

Guess the date? When do we think?

Bring on the buyers.

I think we will see lots of buying over the next few weeks.

Strong board? Yes
Great risk to reward play? Yes
Price driving newsflow on its way? Yes
Strong portfolio of investments? Yes
Broker target is 3.5p risked and the unrisked target is...wow

4 Appraisal drills in the short term and more to follow.

Colter CoS 58% NPV $56m
Monroe Swell CoS 80% NPV $100m
West Newton CoS 72% NPV $37m
Parta redrill discovery 90% NPV $61m

NPV net to #RBD Total = $279m.

I think we will see the price climb over the next few weeks. 1st spud soon.

Just scrolled back great to see some photos! thanks.