Member Info for isdeer

Luckyman,

You maybe correct, however it shouldnt stop progress in other area's. All the samples are at the labs waiting the return of reports the cpr is ongoing, planning can still go ahead and news flow can start/continue.

What any short delay's cant take away will be the security and the backing given to the sp in that II's and high worth individuals see the value attached to WN, they have read the reports and seen the evidence, these guys only back winners.

Both RBD and UJO will attract further investment, why wouldnt it with a company value of just 24m i just hope they can hold off from selling out before the full extent of this license area is known.

coil has sold all he needs to for now, he's will be in both rbd and ujo, he will probs dump half his rbd holding at 2p and let the rest ride. zero point in selling rest of ujo at this price when he knows he has at least a 5 bagger in ujo on a free ride. It will rise as will rbd as the news drips in along with ii's who will also want a slice of ujo.

Ah yes good old hindsight, wish id sold at 0.32 myself and bought back at 0.19. didnt see that drop happening, i thought UJO would hold at 0.25, this book build put paid to that. Still happy enough though, we have a long way to go here and once Rathlin get the cash the afterburners will kick in. I'm looking forward to this moving pretty quickly once everything is in place all the partners will be looking to monitise as quickly as possible.

What i dont get is why connaught didnt give rathlin a further cash injection to progress WN, maybe there is something im not seeing at board level?

rbd has access to cash, rathlin dont, connaught had already covered their 33m debt but they need cash to continue drilling and paying their way, im suggesting rathlin were skint and this why we have this halt in progess and news, they need cash quickly to progress WN.

Where exactly do you recommend, i will take UJO at 0.20, what are you investing in?.

why would it delay anything, given they have plenty cash and plenty backing it will move things on quicker imo.

we know whats happening, big seller selling here to buy into RBD at a price well below its current sp. Why peeps are buying RBD well above its placing price come Thusday morning is beyond me. Come Thusday UJO will fly.

BWM,
No its not correct, 17% of 3m isnt 2.5m.

they will require cash at some point given its circa £3m a well and ujo will be paying for 17% of each WN drill as we go on. However there is no great hurry at this time given they have circa £2.5m in cash avaiable at this time. I look forward to a fund raise after a CPR has completed at a much higher price.

thankfully no one gives a flying f*** for your view.

I thought CO was on a free ride here, what a fanny he tweets so much ****, there he goes selling down again, hard man to like.

i maybe wrong but im sure the initial drill was 25%, however ongoing i would assume all parties paid costs as a % of their license holding.

its gonna blow i tell ya

We are talking c500k per well as UJO's costs

dont see a lot of buying either, with news due and we know it has to be good with RBD showing their hand, anyone with spare must see the potential here, as Scotty from Startrek used to say Captain its a blow.

Sp is down so someone has

Why is anyone selling, this is going to go ballistic next week.

Dream on, this placing is massive it will be below 1p, and probably double in days.

IMO UJO will only be paying 16.65% of any new drilling given they have that % of the license, they had £2.8m cash and no debt, so for every million spent on drilling their costs are 166.5k, tell me why they would need to fund raise. If they do need to raise funds in the future there is no rush, they should wait until after CPR as someone else has suggested. RBD have to raise funds now because news is due on how good WN is and because they want a bigger slice of this massive pie.