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Moniman, It’s just terrible watching the sp creep up on low volume, it’s especially galling when you prefer the sp to drop on low volume. It’s much like some of the share holders here who have sold down as the sp has dropped moaning about the sp dropping while simultaneously sniping about the company, as long as they still hold a few shares they think it’s ok to moan because they’ve lost a few quid, yet they don’t care, they prefer to be proved correct rather than get a return on the shares they still hold.
Hopefully the guys with many millions of shares have finished selling and we have touched the bottom, If that’s the case I’m hoping to see a nice rise from here on any half decent news.
If not and it drops back to c0.10 I will think myself lucky to be able to buy more and keep my average below 0.11
They may have lent them out for someone to short if that’s an option here on the promise they are returned plus interest and or more shares, the good thing being if that’s the case they will need to buy them back. To be fair I don’t know but doubt they have been sold by them at a loss.
The Wressle CPR must be due, looking forward to lots of asset updates coming thick and fast.
Looks like the sellers are drying up, never say never but let’s be positive and assume they are.
Lots of other companies are down on the day, RBD holding, just needs a decent couple of buys to get it rising again, anyone got a few hundred k to push this on a bit…..Sachin, Stephen if you’re reading this get your cash out.
Uggy,
I wouldn’t be here if I didn’t think this can be pulled back from the brink, with no debts and a large chunk of cash forth coming, Reabold is still well in the game.
They have obviously spent a large chunk of that £5.5m they had at year end.
But they are also due another c£9m from the Corallian sale later this year, this would allow them the funds to pay Rathlin's share or part of its costs for the WN drill if no partner can be found or current partner does likewise, UJO may not be interested at the current offer Reabold are trying to sell them.
The problem for UJO is they are caught between a rock and hard place, they will still want the WN drill to go ahead asap, but they may not want the added exposure of more costs. I would imagine it will depend on how much Rathlin will concede % wise in any deal and at what price.
Who knows what the eventual split will be but I’m betting my newly acquired shares in RBD it will happen and that’s primarily the reason I bought.
Persi,
Dilution for Raithlin, which the markets currently price RBD’s share and its share as zero.
That along with the whole WN project seems to hold no value, whatever percentage they take will hopefully see some upward movement in the SP if they do get a cash suitor, it will mean a company apart from UJO, Raithlin, RBD and it’s shareholders do think WN is worth investing cash and time in.