Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Persimmon……Either a hired hand, has a Vendetta against the Directors of RDB, activist against fossil fuels or a shining knight posting cryptic messages trying so save us poor mortals who invested in the Company out of the goodness of his/her heart.
……… forgot, or Demi-god without criticism just posting for amusement!
To be clear the intention is that attendance of the forthcoming AGM will be allowable subject to the lifting of restrictions as now expected. Note 8 seems to be an oversight with earlier considerations as the Chairmans messaging is clear regarding attendance. I have spoken with Camarco who were unaware of note 8 and they may issue a further communication post 19th. However, they prefer Shareholders to vote by Proxy and send questions as already communicated.
Why am I invested?
I have a grudge against the Directors of RBD and/or the O&G industry and wish to point out such risks and failings for my own agenda as deep down I want to Company to fail and discourage investors.
I purchased shares as If I do not succeed and West Newton is a commercial success I can be a hypocrite and wallow in my new found wealth.
A win-win scenario.
FYI
Thank you for your email. The environmental permit variation in relation to the West Newton B extended well test was accepted by the Environment Agency and determined 4th May 2021. A copy of the varied permit and associated decision document will appear of the Environment Agency West Newton B citizen space page shortly.
Yours sincerely
Yorkshire Oil and Gas Team – Environment Agency
The RNS was very clear today and one that did not require an announcement to Market.
Rathlin approached the Council Planning with a screening request on the proposed development of WNA that will ultimately require full Planning Approval. The screening request was answered positively regarding EIA.
Straightforward business process and not necessarily important to RNS.
However, it did provide the opportunity for the BoD to comment, that for me was the more significant aspect – albeit the impact on SP today! LOL
I suspect many investors on the short-term ride and speculation for January have drifted out of this and others see this as a further delay with the initial selling. MM’s happy to oblige on thin trading and drop the price to find some buyers. I further suspect many have misinterpreted this RNS and the testing timeframe of WNB.
The guidance is that there are activities going on behind the scenes with WN that we shall need to wait for, but the messaging was upbeat although a bit rampy. Take that as you will!
Don't post much but been invested here since IPO and will read BB now and again but wonder why.
There is a point regarding the shares available for Placing without offering to existing Shareholders first.
The wording of the Resolution and initial announcement on 30/11/18 was that they could allot shares up to an aggregate nominal amount of £5,221,000 and there was no mention of an actual number of shares. The exact number of shares is then 104,4420,000 based on the 5p nominal value that could be issued.The nominal value quoted is not the amount that could be raised.
With the recent raise of £6M they could have raised £10.4M at 10p as I see it.
Therefore, leaving an aggregate nominal balance of now £2,221,000 left for further raising as allowed from the Resolution that is equivalent to roughly 44M shares.
In my mind it would seem this T123 may be correct but would question motives still with relentless spamming.
Personally I see this option as a backup plan and that a production result from the Mengo would lead to a form a debt finance to fund the additional topside facilities along with T104.
I will be at the TP event and plan the question DS.
At the end of the day geology will dictate the fortunes of investors not the shenanigans of a BB but understanding value is key for entry and exit. OK management expertise and being aligned to Shareholder interests helps, but his is AIM!
You are correct longfell. Halifax BOS share trading are treating company as a PRIIP by definition (their own interpretation) and following introduction of new regulations this year they then require a KID (Key Identification Document) from the Company in order to trade and buy shares in this stock. They appear to be the only Brokers operating this for RBD. I should point out if you hold stock in a BOS trading account you are able to sell. I have spoken to BOS today on this as wanting to trade and Bed and ISA but no can do. This has happened previously but is was sorted by the company. However, it appears BOS have looked at it again and reverted to their classification and stopped trading in this stock until the Company can lodge a KID. Turner Pope the Company's Broker were not aware of this when I spoke to them. However, the Companies PR advisors were up to speed and aware of the issue. Apparently they are trying to resolve and I expect will have to produce the KID to satisfy BOS and head off any other future issues if this crops up with other Brokers who may believe they are failing compliance with the new regulations. MiFID II minefield.