Member Info for Desmond45

Momentum building nicely. RBD also featured in the investors chronicle which will further increase exposure to PIs.

Whilst the world has generally been falling apart, S&S have quietly accumulated an astonishing 56% stake in WN. It has been a difficult hold at times particularly during the covid crash, but it’s now time to sit back and see the flagship asset bear fruit.

Remember, this is APPRAISAL drilling and not a pure exploration play anymore following success at WNA1 and A2... Good luck

Oilman Jim is a loser, just a nobody who regurgitates one liners from RNS’.

With all due respect GreyPanther, UJO's other assets are essentially chicken feed compared with the 56% share of WN here.

Massive news EQT is going to bag several times over the next few years.

https://news.uark.edu/articles/54830/physicists-build-circuit-that-generates-clean-limitless-power-from-graphene

Graphene is the future

Starting to get spicy now. Should see a bull run up to xmas GLA

Looking cheap as chips here. Fill yer boots

Glad I topped up. Gone NT to buy

Didn’t realise how poor of a condition the balance sheet is here, sold my little parcel for now. By October they will have <£500k cash with a burn rate of £140k per month. There is a reason for relentless selling and that’s because a placing is coming.

This looks like a great company, thought I’d really missed the boat. Alas I’ve taken a first tranch this morning and will add on any future weakness/market jitters. Astounding really to drop below the original IPO price with a pipeline of orders.

Can you comment on the current funding position?
Reabold is well funded for all of its upcoming work programme requirements. It is important to remember that we do not consolidate cash invested into the portfolio companies such as Rathlin (and held on their balance sheets) into our own balance sheet. Therefore, the bulk of our economic interest at West Newton, which is held via our Rathlin ownership, is funded from the Rathlin balance sheet as opposed to Reabold’s.

We are also generating cash from the Reabold California assets and have access to a fully undrawn £5 million equity drawdown facility.

Flue season? Sounds like a load of hot air...

Announce Billingham

Hi moda, miss you too. what’s occurring?

The spread here is absolute carnage.

That’s a peach of an RNS from Dave. Charlie 1 was a duster which was soaking wet and uncommercial with poor porosity/permeability, 23 miles from the nearest road, the partner walked away yet Davey says it’s a large oil discovery 5 months later. Absolute classic.

No sign of HRZ farm out. No data rooms open. Absolutely nothing going on other than a few permits and Dave tooting cigars in his office paid for by PIs.

If mug punters fall for this and buy in they deserve to get spiked on the cash raise.

How dare you, are you not aware DW buys everybody drinks and canopies?!

Yeah UJO appears a risky bet with the imminent fund raising. Any PI over there risks getting an instant haircut, not only that but the new placing shares will need time to churn through. Can see UJOers sticking a few quid in here. 56% of WN with RBD, or 16% of WN and dodgy dealings at UJO? No brainer.

Hate to say it but shareholders have been well and truly DONE by DB.. AGAIN. Straight shooter don’t make me laugh. That’s PIs hard earned wonga, disgraceful

Parta news will be imminent with ADX listed on the ASX they must adhere to stringent continuous disclosure rules during site operations.

Massive non depleted reservoir pressure, lab work on drill cuttings indicate 20% calcite/siderite cement can be dissolved.

Should get a nice bit of gas out of IMIC1