Member Info for Desmond45

No brainer top up at these prices imo.

Cadeby wasn’t to be - reservoir quality not up to scratch, unfortunate but not terminal. KA is still charged with gas/condensate over a large area. No cores have been taken - hence can’t give any further information than wireline, cuttings and mud gas at this moment in time which still indicate that its hydrocarbon bearing. Sidetracking back towards original motherload where 65m column was present and commencing flow testing. Looks as tho KA pinches out towards B1 location, hence why no thicknesses of wireline zone were given as it probably isn’t great - so we are sidetracking back into the fatter end of the reservoir. Lateral wellbore will product excellent for flow rates. Malcy spoken with mgmt who are still optimistic, can’t write anything off yet. This will bag from here and the smelly swampies will be crying into their vegan cereal. Good luck all - tough times for those with sizeable investments but try to look at the play holistically and not subjectively based off this one well which has clipped the edge of the reservoir.

This share is absolute carnage.

After much reflection on the trials and tribulations of the product, i have ultimately decided...

To fill my boots.

Go on ye boy ye!

Start your engines.

Back up she goes!

Shorters papping themselves this morning!

Excellent observant post Baffyman. I am sure many people sitting on the side lines will have buy orders set for first thing tomorrow.

New highs inbound!

NT to buy at 3.3.
Hold on to your hats!

Boom time!

I believe most people are forgetting for every share sold there must be a share bought!

BRH will be cleared out tomorrow either way, and the SP will go on a run.by the end of the week

Dream stock this! GLA

I meant sub 3p will never be seen again starting................. now!

sub 3p will likely never be seen again now

Somebody was also giving it the big one on here because DW wrote N/A in the cash raise box in the quarterly report.

Apparently DW even replied saying that it is good news because they have enough cash to last for a while!?

What happens without cash in the bank - nothing much positive.

What happens with cash in the bank - nothing at all positive.

In Baay we trust

Going to be a merry xmas!

back to 4p for starters

Where is the fair value here? 1.9p?

Not to mention 25% discount...... the definition of bucket shop raise

Unfortunately the bears are in control now.

With over 10billion shares in issue after this latest raise, the mcap would need to exceed 200m (I.e on a par with companies like TXP) for the SP to get back over 2p.

Off one wildcat well with no 3D seismic.

Not happening. Lifestyle company 101

Something stinks with all these director sells.

And just like clockwork, an extra 1.25 billion confetti shares are issued.

Looks like more terrible farm out terms incoming.

DW = snake oil salesman

You never know LTI, perhaps this time DW will pick where they drill instead of blaming it on everybody else when it goes wrong =]

Here is a little bit of monday perspective for everybody.

Whilst RMS is 5.95p a share with a MCAP of 92m

BRH stake in RMS (around 26%) is worth a smidge over £23m at currently levels. Bare in mind RMS has hit 6.80p today and is likely to march on after todays RNS...
BRH also have £3-4m cash in the bank
BRH also RNS'd saying they are funded for Paraytec COVID test and no fund raising is required.

RMS is on the BBC news today. Anybody remember what happened when the likes of ODX featured on Sky etc?

The BRH market cap is currently £20m!
That means the entirety of BRH portfolio excluding RMS and cash in the bank is currently worth -£7m!
When BRH get the next update out for Paraytec this could seriously bag.

Good luck all! All IMO!