Member Info for krull

How would it be done?
RBD make an all share offer to Egdon, give the Rathlin boys the job of running it, then keep it as a subsidiary, or spin it out!

Thanks Rubey, yes fair point, In my opinion Rathlin will be integrated into RBD eventually when the remaining equity is transfigured into RBD shares, or when Rathlin want/need more money!
After that, would think the Rathlin boys would be free to do as they please, unless S & S have a project in mind for them, Which is basically what your thinking is, could be, you never know!

As we are the biggest share holder in Rathlin, I think RBD would have a big say if Rathlin wanted to reverse into anther small AIM oiler.
It would be interesting to know (apart from WN) what/if their is any other lucrative oil/gas drilling targets in the Rathlin portfolio! I would assume RBD would have a 59% interest in those as well

Completion of Rathlin Cash Investment
Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that it has completed the Rathlin Cash Investment. Following the completion of the Rathlin Cash Investment, Reabold holds approximately 59 per cent. of Rathlin's issued share capital.
Stephen Williams, Co-CEO of Reabold, commented:
"We are pleased to have completed the Rathlin Investment, increasing Reabold's look through interest in West Newton to ca 39 per cent. Furthermore, Rathlin is now fully funded for an exciting 2 well programme at the West Newton B site planned to commence in Q1 of 2020. The first of these wells will further appraise the Kirkham Abbey formation, but also test the deeper Cadeby formation at a location prognosed to have good reservoir development. We look forward to the results of this near term drilling campaign."
https://www.lse.co.uk/rns/RBD/completion-of-rathlin-cash-investment-437h20up6cykfow.html

Reabold holds approximately 59 per cent. of Rathlin's issued share capital.

Do we not own 56% of Rathlin, not just the 56% of WN that Rathlin own?

Uggy100, I should of said: They think it will flow, not that they know it flows freely.

Can only think: They would (better than anyone) know exactly what is there, that it flows freely, and they will do better by hanging onto it! Would of thought that was a bigger risk and more costly to go down that path!

Why have Rathlin not converted their remaining percent of WN into RBD shares already?
They could of been off loading them into the market if they had!
Do they have to pay their share of costs for the percent they still own?

yep, now is not the time to sell, not until the drill bit is turning at least

persi must be buying big, look at the share price go

Mr Daniel Levi (Sinner)
@BrokermanDaniel
·1h
#WestNewton: Rathlin have commissioned the rig. It should be on site approx’ 9 working days...

persi, I'm very surprised you don't post your doom and gloom on the UJO BB, would seem to me they have climbed higher up a ladder with a smaller interest in WN, so with things equalling out their share price will have further to fall if results don't meet expectations! Perhaps their need is greater than ours, maybe you should go over there and worn them what a big mistake they are all making!

Just a reminder
https://youtu.be/T9h1sjeGTsE

https://youtu.be/LCLynwl0kvk

Countless investors find their way to the message boards only to see false posts about company news, “problems” and “Share Price Correction.” Such boards are filled with bashers using a variety of aliases, posting false or misleading information, all in all making it very difficult for a newcomer to tell fact from fiction.

For nervous investors, it is often easier to sell the stock and put the money in the bank. These are the people on whom the bashers prey. Bashers bet on a stock to go down and they do their best to help it happen. They are not concerned with the risk of losing money like the average investor, because they are usually paid to bash the stock. In other words, they are not using their personal funds and are not actually investing themselves, or at least not in that stock. Additionally, bashers do not wait for the markets to go up or down; they make them move themselves. Bashers use fear, lies, and falsehoods to prey on the nervous investor, thus influencing the markets in their favour.
Lesson 1
Bashers never bash bad stocks. You can watch the board for stocks with no potential. You’ll see pretty quickly that those stocks don’t have bashers. Bashers only go after stocks that are going upwards or have excellent potential to go up. Bashers get left behind, so they want to bring the price down.
Lesson 2
Bashers bring up old news that you have heard many times. All companies always have a few bits of bad news. The basher will post these bits over and over again. The stupid basher will try to make the old news a bit fresher to try to fool you. Don’t be fooled!
Lesson 3
Bashers post many times a day. They try to wear you out. They comment on everything, every other post, and can answer every question. To hear them say it, they know it all.
There is no positive comment they won’t bash. They try to control the board with their negativity. If they seem to be working on this one stock full time, that’s because they are! Even more than full-time.
Lesson 4
Bashers will lie to your face (or your keyboard). Never trust a basher. The truth on most companies is that mistakes are made and losses happen. The basher will try to make you believe all companies make a profit, release financials every quarter, and have all aspects of the business running smoothly from the start. This is not true. Anyone who says it is true is either lying or ignorant. Don’t listen to either kind. Small AIM companies can go years without profits; this is the nature of the beast.
Lesson 8
The basher is all about bringing the price down. That is the nature of a basher. The truth is not important; lies are the norm. They are trying to hit the newbies visiting the board for the first time, so they post continuously throughout the day. They are trying to wear out the longs on the board and they will do whatever it takes to do so.
https://www.guerillainvesting.co.uk/2009/12/15/stock-bashers-3/

There is such a thing as a paid deramper/ramper! The MM's need shares to buy or they wouldn't have any to sell! All they want is lots of churn regardless of the share price.
I've heard the pay is not much though, about a £1 a negative post, LOL

Well delt, in my opinion is not worth any more than their cash pile, the market value in delt shares is saying the same thing! the RBD offer at the time valued delt more than the market was, it was pitched just under cash value, I would be very disappointed if RBD 2nd offer was any more than delt cash value, so don't mind a slightly marginal higher offer! other than that, would rather watch the RBD share price rise the closer we get EWT and raise a little more from the market if needed.

We now have a time line that's been well publicised. Expectations will now slowly build in anticipation of two good EWT's. Plenty of news coming!

Was probably a strategic/good move for RBD/UJO to push the EWT back until the drilling is done!
Gives them a bit more time to look at extra funding if required. Hopefully more time for the oil price to recover. More time for the big share holders to shuffler their holdings between them selves.