Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting that on the secodn RNS today, Hambro have sold another 1M shares, but the price they sold them for is .64 which is
well above current market price, so someone is accummulating and is paying Hambro a premium for them. Why would that be?
My reading is that the majority shareholdrs of Deltic may well be significant holders in RBD and therefore there may be an alignment of intentions. If there is enough of a majority shareholding via II's of Deltic, they may well tell the Deltic BoD to get on board and the deal may go through in time.
Clear as mud at the moment though!
Trippy
Would guess that the link has been made via UJO as Europa are a major shareholder in the Wressle project that UJO are involved in, so the connection will have come about as a result of that. Whether there is any more to it than that I'm not sure, as surely if it was a case of RBD taking a stake in Europa with Stephen taking a seat on the board, then that would surely have needed to be RNS'd by RBD today at the same time as Europa RNS'd his appointment.
dkok
Once had to do a building survey in Broadmoor! Was followed round by a six foot six west indian fella who spent all the time licking his lips and rubbing his tummy whilst making comments about the pertness of my *ss. It was the quickest survey I have ever done!!!
Ginger
Perhaps I would if the oil analyst had not been selective in the use of the wording from the RNS, just little things like deliberately omitting the fact that the flows will go through the 'Test Unit' and incinertor. Why would you miss this out? It is not a cut and paste error because you would have to delibereately remove it from the wording, and what motive would there be for doing that?, maybe the whole post was a veiled (not particularly well veiled at that!) attempt to appear as a reasonable poster, whilst still trying to sow doubt over the companies operations.
It is Christmas and the New Year will soon be upon us. I suggest that there are quite a few on these BB's who should take a good long look in the mirror at themselves, and see whether they like what they see, and how they earn thier money!! Ask themselves what thier parents and children would think of them if they new what they did!! Time for a resolution to be truly honest.
trytryandagain
No sensible person is confused, but there are those with ulterior motives who want to sow doubt and confusion for thier own spurious ends. They have been at it for some time now, and the SP is down further as a result. The only solution is ignore them and hold for the end-game. This share never was or has been a get rich quick one, but it will provide very impressive returns over the medium to long term, (two to five years). For those that just want a five bagger in four weeks via a pump n dump scenario, then they are mistaken for being in this share, as it simply won't happen like that, but it will provide very impressive returns for those willing to invest and be patient.
Yellow1242
I think you actually mean that it's West Newton that 'Traders' are interested in, as they just want a quick multi-bag and away they go to the next candidate. Investors will be looking at the full portfolio of the company including California, Parta, and Corallian, all of which have significant potential for a very good return, Parta being potentially equal to West Newton, and the latest licenses gained by Corallion include huge potential gas reserves.
RBD is a three to five year play, with the potential for some spikes on the way.
Sticky********
Stop the de-ramping bull ***t. The flow test was set up and permitted to test the gas which was expected at WN. Instead of gas we found 20m of gas and 45m of oil. That requires an entirely different system for testing both in terms of equipment and in terms of permits from the O&GA & planning permission. They stopped the EWT because of this. They told us that. It is no mystery, there is no ulterior motive. We are not being kept in the dark like nushrooms. Rathlin are now mobilising the required equipment for an oil EWT, and have sought the permits and planning permissions for an EWT for oil, including storage tanks etc. This is not a ten minute, phone Bob down the cash and carry and get an oil EWT set off the shelf type scenario, an entirely different situation needs to be catered for, and if you have any experience whatsoever of the planning system in the UK, you would understand that it is definately not a quick response situation. Nothing moves quickly in the planning system.
Rathlin are progressing what they need in order to be able to mobilise again back to WN with the required equipment and approvals in order to do a proper oil EWT. This will be in the New Year. You just need some patience.
Alternatively, sell up and move on and I will be happy to snap up your holding and will hold for the end game.
It's time to decide whether you want to be Chickin Lickin or Foxy Loxy!!
Ismalia
Totally agree. I had 1.5m shares, but have added 3.5m more this morning. My average is .1754p, and I am very comfortable that this is going to be a very profitable trade, even in the short term, let alone in the longer term. My strategy is to de-risk by 50% once SP hits .35p, and then it is a free carry through to the bigger prize of the sale of WN and also wth Biscathrope and Wressle bolted on as well. omplete no-brainer for me at this price.
glta
dkok
adoubleuk
It is getting tiresome as to how many times things actually need to be speled out to some people! It has been made abundently clear that Rathlin had planned WN as a gas well and all required permits and equipment had been obtained for such eventuality. When it turned out to be substantially oil, that meant that botht he equipment and the permits needed to be sought to deal with that eventuality. That is why the EWT stopped and needed to be re-deisnged and permitted, and alternative equipment procured.
It was also clear that the size of the oil discovery was significant, without even touching the Cadeby formation. Further wells would then be required in order toprove up the full extent of the discovery and to also test the Cadeby, as that could also add very significant additional oil to the tally.
Todays UJO RNS also highlights that the further 3D seismic is to be carried out on the WN PEDL license as they believe there are significant other areas witin the license.
It is clear that neither RBD or UJO are going to produce WN, they are now in the process of proving up the full extent of the available reserves in order to get the best price from a purchaser, who is likely to be a major. This will take time, and requires all the permits and equipment in place to do so, not to mention the funding from all the WN partners to do so.
Pateience will be rewarded.
glta
dkok
PDMSPiper
If Biscathorpe and Wressle are sound business propeostions, then I wouldn't putit past S&S to be in negotiations to take Humbers out completely. RBD would get an increased percentage of WN, plus exposure to Wressle and Biscathorpe as a byproduct! Not in UJO so don't know the potential in those projects, but the bits I have heard seem positive. It could well turn into a positive benefit to RBD.
In relation to UJO, IMHO it is clear that there has been major market manipulation by certain 'Investors', using the usual little cohort associated with the scumbag at *************, with information leaked and shares sold down to suppress the UJO SP when it was clear that they may need a placing to raise funds for WN, all in the interests of picking up more shares in the placing at a cheaper price. Shameless, and the authorities will do nothing about it!!!!
dkok
Kalan
Come on man, suck it up and stop whingeing!! Crikey, if it drops to 3.8 then you will be able to get in at a lower price, but then that is possibly why you are making such a noise about it! Talking your book.
In a year this SP will be way above where we are now and the placing will be irrelevant, and if the raise means that we take on less debt (which we would have to service the interest payments on), but allows us to rapidly progress the deployment of the fine chrome circuits into Inyoni etc., then it is all to the good for the company and the shareholders in the longer term.
dkok
Phoebus
S&S have already said that the figure for NPV was using $11.50/boe so that would be neare 4.5p a share on WN alone on the base case, and if we were at the upper end, then we are talking 8p a share value for RBD on WN alone! Surely this share has to go Boom sometime soon!
dkok
BB2
The updated Shard note makes very good reading IMHO and easily explains the pricetag paid for the chrome rights. Putting in a fine chrome circuit like we did at DCM is a no brainer as well, as this will significantly increase chrome earnings, but the other key bit in the report that I found interesting, was that the taking over control of the feed rate may have an upward impact on the rate of PGN extraction due to being more in control of the feed rate and plant efficiency, as well as the increased production rate by getting the plant up to closer to it's design capacity.
It is all good in my view, it will just take a few months to fine tune everything, and then we should be seeing the major benefits to our bottom line.
dkok