Member Info for NikeAir180

Willec, don't think Meadow is like one or two on CEG, maybe a bit cynical sometimes.

To All, I used to read and sometimes like Willec's comments on CEG, perhaps very assertive at times because of what he was up against. There was some substantial news there over the last several monts so I think his enthusiasm for a serious asset was fair. Maybe does get a bit enthusiastic regarding speed of share price upside but I think he has been more measured here as this is a good forum.

So if concentrating here now, probably out of recognition of a serious asset and he did have to put up with some trolling in the other share chat which he answered assertively.

Hope both companies do well...

Filthylucre, if we were 0.12 rather than 0.075, that would still be closer to 1p than we are now though I have no idea where we will be in the relatively near future.

No two years are entirely the same, no two halfs of a year are entirely the same. Time will tell if the difference is pleasing.

Re. 19:09: News I was slightly rushed earlier as had to give phone a partial charge so just to quickly clarify: year ending annual report 2023 for that company is on the 27th June 2024 RNS.

News, Reckon it is quite likely to be able get a good steak and and a beer in that part of the world, did quite well on the relevant holding one - two years ago, smaller position this time- doing fine at moment- one of my better ones based on share price performance, in general that is not only relevant consideration for me e.g. assets, perception of possible future for company...

Re. 19:05: Confirming... Williston.

News, the 19 million approximate loss in US dollars was for that company's 2022 annual report, it had improved to approximately 3 million US dollars in the 2023 annual report.

The oil revenue is not from Wisconsin as I previously said - it is from Willistok or Williston oil project, North Dakota and US by way of investment without being the operator and having such cost and responsibility, there was approximately 25 million US dollars revenue for 2023 and by way of that asset the relevant company had approximately 7 million US dollars profit according to to the 2023 annual report.

There is no reason to negative criticise the above related company from an accounting perspective.

As with all companies no two years are entirely the same even if the difference is only chronological, hopefully this year will turn out to be a good one for RRR.

No worries News, I think the 36-2R well test result was for Paradox gas. I am never happy clappy, even if tending more to the optimistic, always aware things could turn out another way. I read Malcy's blog sometimes and while I'm not going to affirm or counter his opinions, one thing I respect him for is he helped advise the UK Government on the privatisation of Brtish Gas, so what ever one thinks on whether energy assets should be nationalised, privatised or shared on a percentage basis, he knows more than me in that industry just like you and Helpful will and so I respect people you guys on that basis, opinions are of interest and respect is due to more knowledge and experience, notably perspectives will sometimes vary.

No-one knows the future, no matter how expert so many opinions are valid and some people will read share chats without ever posting but still have valid opinions e.g. I've never posted on the share chat for that company.

Cheers for now... don't know if I will be commenting here, in the short term future!

News, I think that RNS - 06/09/24 is for that company' gas asset in the Paradox Basin.

The Salt Wash Helium project - if you look at the preceeding RNS - think it was 29th August - it refers to the well test - results given on 06/09/24 and the Salt Wash Helium project under different categorisations in that RNS so the most recent RNS for the company's "flagship" Paradox asset, is I'm sure the gas asset. They also have cashflow from Wisconsin oil for which they are not the operator and I think some equipment broke earlier this year or last year on previous test, which was well covered by insurance but they had to figure out what to to get around, think they went to a slightly different spot nearby. Some of this is from recent check and some just from memory so hopefully am correct with enough of the details, I do have a position in it but don't follow that one as closely.

Also Banbury, that was not the day of News' "arrival" for this share chat - re-arrival perhaps but a re-arrival weakons, your attempt at suspicion, if News got reacquainted with this share chat following the appointment of new consultant - entirely fair enough but if a follower of Australian junior mining stocks was a fan of said consultant and if the first time he said something was after such appointment - still entirely fair enough...

Helpful, please check your link: 15:02, cheers.

"No news"? For how long? seems like the news is quite regular right now, it is commonly known clowns aren't just jokers, some are quite serious, so the only implication I could agree with is that News is serious.

The Forbes article, I can't find at the moment it gave the example of crisis leadership during the recent pandemic and the lockdowns but as I said I can't find it now. This article concerning governance is succinct but also quite all round and I prefer it in relation to the general considerations:

https://www.thecorporategovernanceinstitute.com/insights/news/heres-when-having-a-ceo-serve-as-board-chair-really-pays-off/?srsltid=AfmBOopd3nwSYqtNmObltflZnm44V2iNLfHFgwbinQknBk5ZQvvTUiQW

It does happen from time to time, in the micro cap situation my first instinct is that it will means less is being paid in overall salaries, second instinct it could help with clarity of decision making, won't mean thst the relevant boss hasn't taken some time to think things through but once he makes the decision my instinct is the process of acting might be quicker when there is just one person at the top. There are pros and cons and I would expect with public companies the board will still be consulted.

This is a consideration more focused to bigger market caps, in my opinion, it backs up your earlier point within one percent (if I remember correctly) regarding SP 500 and refers to decisiveness during the pandemic: will be in follow up post...

... coorporate rules... (was a software overwright).

Banbury, you exaggerate in your second paragraph at 15:54. It is quite possible to combine the role of chairman and chief executive officer and still follow cooperate rules with the nomad and the financial conduct authority, following the relevant rules and regulations to be a listed UK company.

I appreciate there are advantages to separation of the roles but for a small micro cap company like RRR with its particular balance of interests and the nimbleness required, I am not overly concerned that the leadership roles are currently performed by one person.

It's a yes from me in support of RRR and others may differ but anyone who says the dual role is "the biggest governance no no" is either exaggerating or doesn't know.

Before I do catch up with it, I will say the Christina zone if 250m away from relevant part of RRR Kilmore, it is is little more apart in distance than half a lap of a running track or could be thought of as less distance away than than the length of many suburban residential steets.

Thanks for your responses IFK, I like your logic, 18:41 interesting as well...

I think Helpful posted it around 7:00am, Orslega and Confounded posted new presentation, I will likely catch up with those links tomorrow / weekend.

Cheers...

Frococ summit... China, Africa Cooperation ends tomorrow 06/09/24. In the last stockbox interview Bell said he had been meeting the chief of staff and said he expected to go tho the Palace where everyone gets together.

I don't think he went earlier than necessary to play computer games or check luggage flow so I presume there was some purpose to time of travel though appreciate he may have been slowed down waiting for his luggage and nothing wrong with having some rest as well as the important work.