Member Info for Gizzard

1.3 has gone within minutes - accumulation.

Malcy last week in case you missed it. Reabold Resources
Reabold has announced a placing which raises a modest £2.65m, at 1.10p, it is at a 29% premium to its last raise and also the 90 day VWAP and a nil discount to last nights close. The proceeds are for ‘further strategic investment into the current portfolio and potentially into further investment opportunities’.

Unlike other companies the RBD model, with its invest, develop, sell strategy means that tapping the market is important in order to add value for shareholders in such cases as the West Newton discovery recently. The significant rise in the share price, like that of Union Jack, gave an opportunity to raise money, when the ducks quack etc but for Reabold in particular although the money helps it is not the main reason.

My view of West Newton has been clear, it is a massive discovery that has yet to be appreciated by the market either on an oil or a gas basis and as such more money has to be spent in order to ensure that shareholder returns are as high as possible. Reabold might be a holder or a seller of the asset but it aint letting go at this price, hence the raise. Obviously it adds to the balance sheet for other projects such as Romania but in the meantime onshore UK is significantly undervalued and as such the company’s best way of franking that value is to invest more in it. As I recently said about UJO, Reabold shareholders have something special here and should hang on for the ride…

So that means every company that's had a placing gets taken to that placing price, nonsense.

Makes no odds to me all this talk of conspiracies, I'm a long term holder and this sp will be a lot higher come year end.

Most have been bitten by AIM and other indices it's just the way the markets work.

Block have a clear strategy to success and have already proved it to be working, please don't compare Block with others who have failed or done well - they're all completely different.

Looking forward to news updates these coming months, the sp will rise and dip but ultimately be higher than this.
GLA.

Do you think Prudential are still buying? I do.

Looks like buyers are back, looking strong again.

Some people don't see others making money or backing a company.

Part of the placing.

?? Doc Holiday © ????
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@DDS_DocHoliday
27m27 minutes ago
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Replying to @EliasJones01
That's a confident statement, as Georgia oil and gas opens up

Hearing big name partners making contact to Block and other well known blue chip operators #BLOE

Excellent summary Croas thank you.

Go this link, click LinkedIn article and it's there.

https://twitter.com/hashtag/bids?lang=en

James Draper
Founder and CEO at Bidstack Group PLC
7h · Edited

Delighted to welcome our new Chief Commercial Officer Rob Dembitz here at Bidstack Group PLC. With his background working in Private Equity backed media companies and having helped build out Cannes Lions International Festival of Creativity, we're pleased to welcome him into our growing London team. Rob will be looking after both the Demand and Supply elements of the business, straddling all products and regions. More to follow soon... #bids

Been doing lots of pressure test will not flow less than 800 - 1000 so expect increase in this.

No point rushing these guys know there stuff, Georgia great place to do business permits approved within 10 days as opposed to UkK which can take months. all permits in place - Thunderbirds are go.

800 - 1000 a barrels day initially pay back a month to 6 weeks. 4 well programme non-stop starting with 38
Expect the well to have significant impact on reserves etc

Well 30 retesting gas deeper before the oil at less depth - horizontally.

Well 51 and new wells plus seismic. All wells that have made discovers years ago - going back in with proven tech.

Sounds great!

No one should be out of this tonight, buys at 13.025

Picking up bargains all day long, have sold other stock to buy under 29 and will continue if necessary.

Hi Guys,

Not been here for a while, I used to get excited about GGP and traded from .55 to 2.40 two years ago and in between, but in truth it's not moved on from a trading of 1.40 - 2.20. Don't me wrong there's great potential but it really needs to break the 2.50 upwards to gain real momentum. GLA

How’s this got a mcap of £55m when it hasn’t produced oil yet.

May add at 15p yes entirely possible and not ramping

BS or not there’s no way that PH would publicly announce they will comfortably achieve 8-10000 bopd. They’ve done the due diligence and know what’s achievable, big boys don’t invest millions into hot air and say so. Be out at your peril.

People are always looking for negatives that don’t exist all to play for here. It gives people the opportunity to add their pot of gold. Ignore the PIs listen to the IIs