Member Info for middleEastMoney

Hi HH, difficult to sit on one’s hands and not take a profit !

However REVB is VERY STRONG at this price, with the recent SP of 65-70p only a few weeks ago and over a 100p a few months ago, I am in no hurry to sell up, I have decided to wait for the results in 2 weeks time.

My reasoning is fairly simple, the newly appointed CFO knew exactly what they were getting in to when they joined, this is a ‘technical c0ckup’ of Accountancy rules rather than a meltdown.

I am confident we will see 90p this year, I fully expect the BOD to display massive confidence and start buying shares, once we are out of the closed period.

Final point, follow the money, huge repeated buys, many tens of millions of shares, that is a massive endorsement for me, some other entities have done their own DD, great opportunity under 50p

Remember REVB had a M/Cap of over £500m within the last 12 months, plenty of scope for this to move up on fundamentals and a whiff of good news will see this MUCH higher

Apologies if this has been seen on here already

https://www.gov.ie/en/publication/3bcaf-policy-statement-on-petroleum-exploration-and-production-in-ireland/

MEM

Perhaps that is one of the reasons a party or parties are buying REVB shares so aggressively.

We have 12 trading days until the results are published, I would not be surprised to see 65-70p after the results, when we will have full transparency, give the market a few days to analyse the results and the recovery will continue.

After and because of this blip, I fully expect the management to publish some good news on a regular basis to fully restore faith in the city.

70p SP exactly 100p below 12 month high of 170p (70p gives a M/cap of £210m - which I feel would be very reasonable given what we think has occurred)

Hi Jiffy, how do you calculate a 87m short position, the various registers only show approx 0.5% or 24m ?

Thanks

Why is that ? Look at the buys the last 2 trading days, massive amount, multi million GBP, look at the trade sizes, it’s not RI.

There is a reason, some third party is buying and buying big.

They will know far more about the business and the issues.

After the results are published, no major issues, we have full transparency and the closed period is over, any Director buys and the SP will be heading back to 75-90p.

This is far from the end game, why is a third party buying ? My guess, they can see VALUE!!

Thank you Sefton, have a great weekend

For the record I made enough to buy an additional approx 20,000 PRD, now talk about force multiplier effect, if those 20,000 additional PRD shares eventually attract a £15 special divi per share, I am £300,000 better off, not bad for a £1380 initial investment in REVB.

So thanks again Redbox.

Those of you stating all the reasons why you would not touch REVB, I hear you, but of all the stories, metrics, reasons not to invest, one reason stood out, I bought because I believed it was massively oversold.

I am not being unpleasant, just putting forward my viewpoint.

If there is not much negative financial press comment over the weekend, I suspect the SP will rise from its close of 16.7p and move onwards towards 25p-30p - especially if Jupiter publish a RNS stating they are out, then we might see 40p prior to the results.

BTW Ford, are you never ever going to sell PRD in case you leave the baby with someone else ? Thought not.

Enjoy your weekend

MEM

You are probably correct, however I wonder what the weekend press may say, profit is a profit.

Good luck

Hi Redbox, like you I bought FEVR after the heavy fall, done rather well out of EZJ, great opportunities out there. Enjoy your weekend

MEM

I’ve just closed my REVB position, only 86% profit safely banked.

There are other opportunities out there whilst we await PRD news, anyone else got a tip, we can all consider an opportunity, you do not have to invest, as I said earlier, prime directive is to make money.

MEM

Funny old world, I am sorry but I thought LSE BB was focused on helping each other make money.

My view was simple, given the news, I took a position (thank you Redbox) simply because I thought REVB had been oversold.

I suspect if GRH had offered this tip, we would not be so critical, it is simply because Redbox put his idea out there -

I’m not complaining about a 100% profit in 24 hours, you should be pleased as just like Redbox, my gain will come back to PRD, and the primary directive has been achieved, PROFIT, to invest in PRD.

I would say that is a great achievement.

Thanks again Redbox.

MEM

Ok thanks, I may re think upping my sell price as we get nearer to the results end of the month.

I now sit at 88% profit after 1 day, but it’s not a profit until I sell :)

Cheers

MEM

Sudden jump, watch this go bonkers

Thanks again Redbox, massive upside after the news, I have set myself a target of low 20’s to sell.

Sincere apologies, someone tipped me off about REVB, I only started to look at the Co early yesterday, and I bought at 7.8p, the shares are currently 13.9p on the bid, correction 14.1p on the bid, any profits will naturally go in to PRD, a big THANK YOU.

I think we are going to see continuous buying below 25p-28p, someone is taking advantage of circumstances to build a large position ahead of the Results, possibly someone with a firm grasp of what is really going on……..

You should be asking yourself

Who just bought 6.8m ?

Why did they buy 6.8m shares ?

It is going to get very interesting

well if GRH thinks PRD will be ‘much bigger’ than GKP, for the record GKP M/cap topped out at approx £3.7 billion, I agree.

How much bigger ? Significantly :)

When ? Once we sort out the Finance, we will make a start to unlock the true value, after that things should gather pace nicely.

MEM

Spreadex