Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Good news for the respective S&S households- we can confirm the lucrative monthly salaries will be paid on time next week- no delays or extended waiting time (EWT) has been logged.
Harry
Whatever camp one inhabits whenever BMD tweets, there is action.
IMO, initiation of back to back EWT’s will see gradual and sustained uplift in the SP.
Friday afternoon, I added a further 2 million which was not straightforward.
Harry
maybe correct in his assertion of RBD wishing to take out UJO.
There’s an awful lot of disparaging comments on the UJO message board on the competence of DB as CEO.
Let’s see what pans out with S&S’s new UHNW’s/Institutions regarding an acquisition.
It may well be a Lara cover drive for all parties.
Harry
I reckon Persi is an educated boy: speaks Deutsche, knows his cricket and a political commentator.
When not deliberately casting his bait, his comments are legitimate and constructively critical which is unpalatable to the sycophant brigade.
Harry
Persi
I agree with your last paragraph.
Should the former be the case, this PI will be marching.
Harry
It’s a given that S&S are talking to a major/s. It’s a given that EWT’s and a B lateral drill will take place to achieve best value from a major/s.
It’s a given that DB will seek best value and any attempted hostile bid will fail with a predominance of PI’s.
Which leaves an attempted pump.
Harry
Special Purpose Acquisition Vehicle (SPAC).
Harry
“The strategic investors have also signalled their intention to support Reabold in facilitating further potential strategic value creation opportunities across the wider Reabold portfolio.”
Do we now have a “SPAC” on board?
Harry
Convertible loan note is a hybrid of debt and equity more suited to seed financing in the Start Up industry. Clearly, the profit comes from some further round of funding event or IPO.
Corallian Energy are not an SU with losses in the last figures available in excess of £7mm with no revenue. No capacity to service a 15% interest rate.
S&S therefore either require a further funding round or IPO to see a return/conversion which, in any event, is not imminent.
Moreover, we have witnessed valuations of the gas field from posters more competent in this regard than myself which do not pass muster.
Are S&S merely attempting to save face rather than accepting Corallian was a dud?
I would have rather seen the funds deployed in California to expedite enhanced oil flow in the current profitable market.
General whine completed.
Harry
Have S&S inadvertently opened the gates to a hostile takeover through mismanagement evidenced in the current SP?
Given that the latest Placees and alluded to potential suitors will have had access to the Data Room. Why would they not pursue a hostile takeover rather than pay big bucks on successful EWT’s and lateral B2?
Only my thoughts.
Harry
I remember a quote from Graham Gooch regarding Gatting’s dismissal to an outrageous leg spin ball from Shane Warne:
“ if it was a pie, it wouldn’t have got by him”
Perhaps Malay ought to have faced that ball!
Harry
BH,
Yes, disappointed in the stealth raise.
Personally, I was disappointed in Stephen’s answer which was both cynical and condescending to an IPO of Rathlin:
“ .. no point in swapping one piece of paper for another...”
In context, the question was given EWT success at A & B, would an IPO be helpful?
That said, a strong inference can be taken that the plan is prove up and sell as it’s too big for us.
Given Manwell’s and Exploration’s recent posts, one may assume, they & us are on a winner.
Harry
Persi,
From your comment, I assume you have a copy of the Pleadings accompanying the Writ.
I’m sure all LTH’s would appreciate sight.
Harry
SB,
Appreciated.
Stay safe.
Harry
Good Evening SB,
Is a proppant squeeze required to gain 500bpd? And, why not a nodding donkey or an ESP?
Harry
My my, Persi in full flow with
Schadenfreude usually practised by children as opposed to adults.
However, Ant @ Dec make a comeback next Saturday ( for those who subscribe! ).
Harry
Deemule,
me, too, as soon as EWT’s completed or on the rise into.
Harry
Further evidence of S&S naivety I’m afraid given their further payment for a side track (600k if my memory serves) on this fool’s errand.
Harry
My question for what it’s worth.
Good Evening,
Given the current timeline for an AIM IPO ( 3-4 months) and the relevant non- prohibitive costs. And, given the enhanced volumetrics/EWT’s.
What are the merits of a Rathlin IPO to provide funds for full & comprehensive development of West Newton?
Personally, while you have the endorsement of Capital Markets, the “ perpetual Placing” and consequent volatility of the shareprice is not why I invested here some 3 years ago.
Harry
Oil inventories in the US and China continue to drop. COVID cases are dropping precipitously. Vaccines are being distributed. Demand is back.
Meanwhile, world leaders are making oil drilling nearly impossible due to environmental concerns. This means supply is limited in a rising demand scenario.
The result according to Goldman Sachs, is the beginning of a new secular bull market in oil. For the next 12-15 years, oil will be priced at over $100 a barrel.
Copied from a Yahoo MS-compliments to Jason.
Let’s develop WN.
Harry