Member Info for NOVECKINGOOD

queue at the post office to cash giro, ran out of baccy and rizzla's

don't worry Micky, the oil price is up over 2% already today, he(pa)id waxes lyrical about this constantly so surely there must be some positive correlation..

she has nothing else to hang her hat on apart from spurious ramblings about the world in general, Biden, Sheik Yabody, Oil price, geo-politics - you name it - anything to deflect and provide a smoke screen to try and convince the unsuspecting that this complete car crash is investable.

what would you do if you were being paid to post some sort of positive nonsense BS ramping 24/7 ??

having a bad day Ech, didn't you see this coming ??

when oil and gas rockets up UJO shares go down, and when the oil price drops UJO drops too

any ideas what it will take to turn this turd around ?

honesty, a decent business plan, and maybe paying less to have people infiltrate bulletin boards who do more harm than good ???!

just a thought..!

that may be true, but why do we need 2 of the ****)W1ts ?

good day to be short with not much at all long - this could get nasty until we know if the vaccines work against it.

GL

Smoke, at the risk of pedantry I did say possible and not probable. And I agree, nothing much on the upside priced in here, and the chart is looking ok - albeit they make a brand new ski slope type chart every month at the moment.
Lack of trust and credibility making both the II's and PI's nervous could be the main problem ?!
I really hope they can finally deliver something and we can both make some money here - I'm not convinced, but even rubbish golfers get the ball in the hole eventually so fingers crossed for piling back in when they're on the green again....

No, but I don't see the good news from that before more possible bad news from WN.
At some stage the share price will undoubtedly fly if they can start to turn all of the recent negatives into some tangible positives. Until then it's definitely not a one way bet.

Do you agree ?

Cheers Novy, I think we see things broadly the same here. A difference of opinion on the ability of the BOD to deliver in what is a completely different commercial environment to where they may have had previous success ( it definitely doesn't follow that a good fund manager would be able to successfully run an O&G company) and they certainly haven't shown very much commercial nous with RBD to date - fact. It's not all bad luck..!
We agree that there is undoubtedly a large potential asset at WN, we agree that they'll employ some good people to try and work out the best way of monetising it, we agree that if they do the share price will fly - that's why I'm still hanging around, if there were no prospects I would have been long gone after the recent sh1(t) show.
Do you agree that if they don't, or if they run out of money trying then the share price will collapse - even from this level ?
That's where I believe it's a coin toss, you say binary I say coin toss - potato/pottatto.
Have a good weekend..

at this price and on low volume I suspect there is more bad news is leaking out

Novykluk, any update on my coin toss analogy, still thinking I might be wrong ??

her last buy - you're deluded Micky if you think he/she owns shares

Try and answer my question and earn your pay Mr Sad…

Bless you TAC, take everything down that exposes you for what you are.
You’ll go the same way as your mate in the end… !!!

Launched in 2011 and after several (leaked) placings resulting in a market cap of broadly the amount raised.
Would it be fair to say that you could have put your money in either :-

1. National Savings
2. The bloke in the local pubs window cleaning business
3. A tin

And be roughly even ??!

or is it just me ?

keep up mickybee, TAC is Rubey not Heid.

TAC makes more mistakes and gets found out, Heid just doesn't know when to stop

all very reasoned and believable Novykluk, it's also quite refreshing to have some sensible non confrontational dialogue on here for a change..

So, lets look again at the coin toss synopsis. Your optimism here leads you to believe that Victory could lead to a c1p valuation for RBD shareholders by the end Q2 2022. That's a sale and the money in the bank by the middle of next year ?? Bullish !!
If we then take your optimism on WN and assume it will eventually bear fruit, and add this to the cash flow forecasts, how much will it cost for A Teams and drills to monetise this, and when would this (best case) start adding to the positive side of the balance sheet ?

If we look big picture and positively at your synopsis - we'd be buying shares on the basis of Victory bringing in enough cash and soon enough to fund the running costs, salaries, appeals. legals etc in time for the big spend of trying to the develop the golden goose ? And then having enough of it to fund all these things all the way through to a successful conclusion.

Put simply, victory needs to be valuable, be sold and the money banked quickly, and then the funds used to prove up and monetise WN before that pot runs out ??!

And you don't see the current investment proposition as a coin toss ?

With respect, the market definitely does and so do I..

Thanks Novykluk. The end of your post sums it up for me, the genuine LTH’s bit. As I see it the “we’re in it together - the we’ve been mugged off but we’re in too deep to sell up”bit. I’m a genuine LTH but my intellectual credibility was not to be trapped here, not to be completely suckered in when the writing was obviously on the wall, and therefore able to day trade this (emotional outburst) complete car crash of a company to mitigate what would have otherwise been really irritating losses. Rather than the smaller relatively insignificant losses that I now almost entirely attribute to the overpaid joint CEO’s

“Posting highly critical comments of the joint CEO's, without supporting fact/logic and based only on emotion and opinion, doesn't have intellectual credibility!”

With the significant amount of capital raised on a number of occasions to predominantly (as it turned out in the end because of the rest of the failures at that time) prove up WN - why when it was obvious from the declining share price over a number of weeks, was there radio silence and complete contempt shown to the PI’s who had helped put these two complete numbskulls on the map. A share price dropping around 75% on potentially the biggest onshore discovery in 50 years when oil and gas prices were going through the roof - and not a word. Evidence ??! You need to wake up and smell the coffee. Intellect comes in many different forms, sitting on your hands and watching your investment fall off a cliff - then spending ages criticising those that understand what’s going on wouldn’t be my preferred form if I was given a choice.

It’s a coin toss trust me…

chimey, I agree to a degree.

the reason I see it slightly differently (coin toss) is not that it's a bet on the one asset, it's the collective assets versus the probability of monetising them - against the cost of doing so before they run out of money again. The next dilution if they haven't managed to get the share price up (probably by luck based on their past combined underperformance and ineptitude) could be effectively fatal for shareholders.

I'm still here, albeit a token amount. Added a few yesterday and will go big if I get an inkling that they can face the right way - For Once..!

Put simply - after promising so much and raising tens of millions of pounds off of the back of it, shareholders are now relying on what is effectively a coin toss to recover their money. And in addition to selling the same shareholders down the river the BOD have treated the people that pay their massively over inflated salaries (based on performance) with complete contempt..!

That's how I read it..