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What do you mean? RBD was trading around 0.6 - 0.8 for a year. After West Newton, it spiked to 1.3 and is now worth 1.18
IKR This share seems to attract the crazies from both ends of the ramping / deramping spectrum.
In 6 months time, if a company still hasn't published their accounts, they will be delisted.
And they have 6 months to publish the accounts or they get delisted.
I've heard someone mention something about Capital Markets on Twitter, but I can't find anything out about it via Google. Can you enlighten me please as I'm curious!
Well end of October is 4 months from now, plus a month to drill then more time to collect samples and what not afterwards.
It's not been taken down at all. It's just traders and investors loosing confidence in the share's prospects. Now that there's no drilling until October, expect further falls as even more traders / Pis bail. I'll still hold, I might even buy more. After all 6 months isn't a HUGE amount of time in the great context of things. However that is the reality. That is just how the market (especially the junior market) works.
My gut feeling is that, in a years time, this share will be be worth over £1 or less than a penny. That this is isn't a typical AIM 'lifestyle' company and that the BOD are sitting on a potential (black) goldmine that they actually want to bring into production. And by doing so, will generate wealth for both themselves and shareholders alike. But I could be wrong.
Another share I 'almost' invested IN [face-palm] . TBH, since it's gone up 400% in 4 the last months, now is the time to be profit taking IMO.
www.proactiveinvestors.co.uk/companies/amp/media_files/13759
Well thank you I guess! But I really don't have a strong background as an oil analyst. I've been in this share a while (for my sins) . It's just my interpretation of events, my 'reading between the lines' of everything I've digested from reading articles and listening to interviews. My hunch is that this will 'come good' in the medium to long term but that the market is impatient and that there could be some short term pain. If there is a equity raise then it will be for a relatively small amount to fund the rework of 103. But I'm an 'Investor' not a trader. I'm in for a hell of a lot of risk for a giant pay packet. Lots of folks on this board want to see 'Jam today' but I'm prepared to wait. It's interesting that you bring up communism as I'm a fan of Jeremy Corbyn and the moderate Social Democratic reforms he proposes. I actually think that fossil fuels are regressive and antiquated and are choking this planet. We need to find a more substantial source of energy as soon as it's possible to do so. But Thatcher said that there's no such thing as a society and I'm just trying to get on the housing ladder!
Well I think they 'hit' the Djengo but the terrain wasn't favorable. I think they hit dolomite rock and stopped just short as the rig obviously wasn't up to the task. They probably thought that at least we know it's there and that they'd 'hit it' properly on the 104 drill. Obviously having oil somehow flowing to the surface on a partial hit, on unfavourable rock, drilled with an antique rig changed the plan somewhat :D.
It ultimately comes down to whether you trust the management or not. If you use your ultra paroniod, ultra cynical solicitor mindset to translate the RNS then you can find plenty of things to worry about. Ignoring Schlumberger (world experts in their field) to get a 2nd opinion. Still no CPR and not enough data for one despite the 2 month wait. But taken at face value, you can also interpret the RNS in a very positive light. Oil flowing freely through dolomite rock, trying to find the best way to monetise the Djengo without drilling 104, license almost sorted, still receiving payments from government, production plan almost finalised. I fall into the latter camp. I think DS has been a bit naive and doesn't fully understand the trials and tribulations that come with running a public company, but ultimately his heart is in the right place. I could be wrong, and might be proved wrong :). Taking the RNS at face value (which I naively reckon that it is the way it was supposed to be interpreted) , I would be buying as much stock as humanly possible.
Please let there be a f*uck tonne of oil in the ground and let us prayeth to the Holy Spirit that we don'teth get shafted by thy bucket shop placing. Pleaseth let thy share that thy has invested significant Capital inneth not turneth out liketh every other AIM oiley share. Deliveruth from evil, the trolls and the shorters, and dever untu us wealth and glory. For r ever and ever. Amen.
I think you've had a good good innings already TBH!
DS walked from Rose and his replacement has walked away too. Also they've just had a placing in lieu of the cash DS's replacement promised. One to avoid IMO.
All he's craving is attention, so don't give him any. If you're happy with your investment, then why do other people's opinions matter anyway?
If it's not actually a giant con then, based on what we know then we'll all be sitting pretty in 9-12 months time. But this is AIM and people are skeptical until actual facts and figures are confirmed. Just sit tight and que sera sera, bon chance.. etc etc.
The market's not convinced, so fatboy has to pull some rabbits out of some hats to assure the markets that it's actually not a giant con. Until that happens it's a stalemate. If they can provide evidence to the contrary then BOOM. It's that simple folks :).