Member Info for Novykluk

Duh......right of course :-((!

Uggy100, you’re bright of course, regarding not expecting a reply from persimmon.

Seems you and I are reasonably aligned on a number of points: namely
* The value of Corallian’s assets remaining after the sale of Victory being “quite low”! They’re unproven and high risk.
* Also that the value we actually recover for Victory is not easily determined by most of us ”outsiders”!
* I also note with interest your perceptive comment, something along the lines that the “shape” of the Victory deal is likely to depend on what individual suitors consider as being important! I think you’re right! And the “shape” of the deal my not be what everyone expects.
* Having said all that, and recognising the successful buyer of Victory will need to spend at least £100 million on Capex for the 17km undersea tie-in, I will never the less be disappointed if Victory brings in less than £200m to C & RBD combined. So that would mean about £100m to us, or 1.1p per share.
* If the “shape” of the deal is different, I suggest the medium term benefit the shareholders would be greater. BWDIK.
NK.

ChimeyBleue, re: "Don't agree with you on Novykluk dm, just the posting style IMHO."

Thank you for your qualified endorsement. I'll try and give thought to my "Posting style" :-)).

I have to confess though to having read your humerous comment, (I hope it was humerous!!), with absolute horror. i.e.. "waiting 5 minutes for Novykluk to be outed as a persi multi :-(............)" :-(( :-((.

Please let me assure you that I've had persimmon on filter (he's the only participant I have filtered) for the past many months! It was only in the last couple of days when a valued contact mentioned there was reference on here to an RTO, that I "unfiltered" persimmon, and genuinely wanted to understand if he had meaningful information about an RTO and also if I could learn more. So I'm no "psersi multi" I assure you.

Aside: I still haven't seen an intelligent reply to the questions I put to persimmon.

GLTA genuine LTH's. NK

blackstout, yours is a fair question if one accepts the value you assign to Corallian!

I would suggest however that given the Corallian assets are mainly unproven off shore prospects, with considerable expenditure and time to develop, they have a much lower NAV at this moment!!

Also considering the development risk (of success), my thought is that a prospective purchaser would only be prepared to pay a small capital sum up-front, then any further payments linked to development success of individual assets at some time in the future.

persimmon, I take note of your recent Posts ref: (1) A possible RTO, and subsequently (2) Your comment that, "the alterations to Corallian's Constitution last October were all a part of this process."

As a result I've taken a look at Corallian's Filing history and the change to their Articles of Association to which you refer. Quoting directly from the text, the change purely amounts to the following;

"The pre-emption rights provisions SHALL NOT APPLY (Caps are mine) to the transfer of up to 989,439 ordinary shares of £1 each in the capital of the Company to Reabold Resources".

I am not seeking to argue or denigrate you Posts (the most recent of which I treat with due respect). So my purpose in responding here is to learn and understand as much as I can about the possiblities for both Reabold and Corallian going forward! So can you help me please by explaining how the above minor change to Corallian's Articles of Association has any of the implications you suggest in your comment, "the alterations to Corallian's Constitution (Articles of Association - my add) last October were all a part of this process"?

What relevance does that change have to your assertion that it's all part of a pre-determined plan......a plan for what please? Questions asked seriously and with respect. I will be interested to learn.

NVG, first I thank you for maintaining courtesy!!

Re: "... they will fundraise again - and at least once ! You're obviously not that confident or otherwise you'd be happy to not post here once you're proved wrong.."

You've mis-interpreted my response or perhaps I didn't make my point clearly! My point is that I will not allow the taunts or propositions of another Poster to put me "off" of a BB! In the event I was totally wrong with my assertion, I would ABSOLUTELY NOT agree not to participate further!......others do not have that "power" over me!

However, it doesn't change the fact there will be no Placing for the current work programme! Least, not in my judgement and calculations.

Re: your "..... I've just sold the last of my holdings on this fools rally - the clue was in the words I used !!!" So giving you the benefit of the doubt, you may have sold at about 0.21p.

I also note with interest, the comment made by Uggy100, "...Oh to be the trading god you claim to be. You're just trying to trade stocks which often doesn't end well"

Taking the view of the LTH's who remain here and believe there is considerable upside to be gained, my assumptions going forward are these,

* You've sold out very cheaply and some would say, you've mismanaged you investment in RBD looking forward.

* If you do buy back in again to RBD in the future, it will be an admission of your error, and

* With that in mind, I very much doubt you'll ever admit to buying back in again :-))!

I also note Uggy100's subsequent comment, "it has always been my belief that if you don't hold then you don't post, simples." That's not a bad maxim to follow, IMHO :-))!

GLTA genuine LTH's NK.

NVG you're wrong with your assertions so much of the time :-))!

Re: (1) " Novykluk, you're massively below water - I'm winning on the vast majority of my trades. They will fund raise again that's my opinion. Let's see who is right.

I am not massively underwater. I indicated that to you about three months ago! I sold part of my holding at 0.60p and bought back in. Plus I have averaged down. So it's true I am a little below my average. But with the massive upside here, I'm very confident all patient holders will benefit in the medium term!
Not only are you so frequently wrong, you seem unable to take on board what other reasonable Posters explain to you. Read my lips; There will be no Placing to fund the currently planned work programme! What don't you understand about having about £5 million in the Bank because of defined activities NOT undertaken yet! Plus the cash that will come from the sale of Victory.....not so far away I suggest! So wrong again.....dear dear.....your credibility!!

Re: (2) Shall whoever is wrong agree not to post on here again - fair ??!
Absolutely NOT. I believe I will be proved right! However as LTH .....unlike you it seems, I shall maintain my right to comment (politely) as I see fit!

You also appear not to have been able to "read" your Rebaold investment correctly and have sold out for pocket money far too soon. So I'm sure many of the thoughtful Posters who DO CONTRIBUTE on here, will not have a problem if you cease Posting if you are no longer a holder.

Good luck though, with you next investment!

GLTA genuine LTH's NK

Wrong again NVG :-))!
The company still has £5 million in cash due to previously planned activities NOT undertaken!
With news of the sale of Victory close, the company will be cash rich and there will be NO PLACING!!

Despite the almost daily criticisms of S&S by apparently less competent and failed investor/traders than you, these two diligent, smart and hard working CEO's are progressing steadily towards a decent return for patient LTH's!

GLTA genuines LTH!

Shyte,
I'm certain they haven't "jumped ship"!!
It's my take that those two guys have competent sources and are both very well informed! I believe others will be well advised to note what they've been suggesting and act accordingly!

They've both indicated we're on the cusp of significant events!

Following GR's video interview yesterday, one doesn't have to be a brain surgeon to deduce that a very significant deal (of some form) is very close! I think that's what both Snowking and Acker have been intimating!

IMHO I think they're both correct. There is still some stock churn going on it seems. But for how long? We know that once the price turns, it can move very rapidly. Recall the day of the award of the EPO!! We are close to another such event IMHO.

Now is not the time to be "sitting on the sidelines"!

GLTA NK.

Re: "Where I have benefited though on multiple occasions, has been through the David@mcrod72's accurate identification of resistance and support levels. Those have been of value when applied to my small "trading pot"."

Note his latest Post:

Notable resistance areas:
0.20p
0.245p/0.25p
0.28p
then very little until 0.40p!

johnnypc

I acknowledge, and you are right, that the "Golden Cross" predictions have not been fulfilled. I share the disappointments with those.

Where I have benefited though on multiple occasions, has been through the David@mcrod72's accurate identification of resistance and support levels. Those have been of value when applied to my small "trading pot".

There are some smart "Chartists" who Post on Twitter regarding PREM.

One who's Charts I've found to be particularly valuable and prescient, is David@mcrod72.

It may be worth taking a peek at his latest Chart and the excellent points he highlights. Here's a link;

https://twitter.com/mcrod72/status/1480214030316941318

Just maybe PREM is a little undervalued??

About 12 months ago Lithium Carbonate was priced at just below $50,000/tonne.

Today Lithium Carbonate is priced at $290,500/tonne. That's a 5.8 fold increase.

Yet during the past 12 months, with the exception of the one day spike to 0.4p (upon award of the EPO), PREM's share price has remained broadly flat around the 0.2p.

So Lithium Carbonate has increased 5.8 times, whilst PREM's value (broadly speaking) remains unchanged.

That would be analogous to Gold having increased from say $1,800/oz to $10,400/oz, but the share price of a Junior gold explorer (with a previously known gold resource......all-be-it not fully quantified), not having increased in price at all!

Is that very likely?? I would suggest not!

GLTA genuine LTH's. NK

NVG....I totally agree with your highly complimentary comments about David Bramhill!! Today's is another absolutely excellent RNS from the "Master Scribe" of RNS' :-))!
Aside: I do plan to reply to your comment to me on the RBD BB, but I've been away in Prague for some time and had no time to reply.

Canchat: Re: Raithlin's Environmental submission. Thank you for flagging!!! Well done!!

I've submitted. Thus:-

"For almost 2 years I have been closely following the Oil & Gas exploration project Raithlin Energy (UK) Limited are engaged in at West Newton.
I have found them to be a very responsible "neighbour" who have been transparent with their actions and planned activities, which have been shared openly with the local community!
I have noted they have diligently fulfilled their duties to ensure their activities are not detrimental to the environment!
I am confident the management of Raithlin will continue to behave in a responsible and sensitive way with regard to both the environment and the local community!
As a result I fully support their latest application for an environmental permit!"

NK.

NVG, I'm sure I'm in alignment with the disappointments, concerns and the frustrations of many RBD shareholders! I'm very disappointed and frustrated our time frame to success is extending!

However I refer you to the very accurate assessment (IMHO), made earlier today by BMC77 in his Post of 13:52. I've taken the liberty of copying it again here for ease of reference;

"Refer to their last interview with BRR Media. There's no imminent news due, it's all work in the background. Expect the SP to trade sideways and drop to spook holders, this is what the markets do. No point checking frequently when nothing is expected to happen for a while."
That is exactly the situation right now. Until hopefully we hear news of Victory sometime early next year.

But perhaps I'm not too far away from your position. I agree the outcome now appears to be "Binary". But I would NEVER describe it at as a "toss of a coin"! That to me implies "No one knows what they're doing. The ultimate outcome will only be determined by "chance"...i.e. your "toss of a coin". That's completely incorrect. There will be experts now engaged in detailed analysis and modelling as we were informed in the RNS of 13th October. And I quote;

"The large suite of data accumulated during the EWT`s including downhole logs, pressure data, geochemical and core analysis will be used to progress a reservoir modelling study to determine the optimum production design for the Kirkham Abbey reservoir.

Over the coming weeks, a number of external studies, utilising the knowledge of specialist carbonate reservoir modelling energy consultants will be conducted, encompassing a wide range of potential reservoir stimulation treatments, the results of which could be applied to the West Newton series of wells, in order to achieve optimum flow rates."

It my opinion that by using the data mentioned, these "A Team" people will assess what happened (unsuccessfully) and then prescribe what needs to happen in future to achieve success. i.e. commercial flow That's just the application of the "Science of O&G Engineering". It's not the"toss of a coin"! But yes, I do agree the outcome is "Binary"!

GLTA LTH's NK.

LB28, Ref your Post;
"Still ii/placing shares smashing in.
We need to defeat them once and for all. No better chance than on that RNS."

Very likely you're right! But why do you think ii's are selling at this price level when they must have both the competences and "privy" information, to understand the real potential of COPL?

GLTS all genuine LTH's NK.

Jack and RNST........both excellent Posts! Both very informative!
Thank you for sharing!!

ismalia, please be more specific. In which report please?

Lenin......you have my respect and I compliment you! You have always Posted and replied to others with complete courtesy and respect, despite others not being so courteous!
Re: The timing of the monetisation of Victory or alternatively Corallian.
I can't recall where I've picked up that the company have said it expects such a corporate event to occur in Q1 2022. But that's what I think is the case. No facts to back it up though unfortunately!

I do think though, that if Victory were sold as a separate transaction, that would logically be a quicker process than if there were a sale of the whole of Corallian. Presumably such a sale would require the potential vendors to undertake a considerable amount of due diligence and then the "legals"!!
So my take is, (1) A sale of Victory could be completed by say April. Where as the sale of Corallian might take possibly until Q3 2022.

So it's my hope we sell Victory as a stand alone project (faster route to monetisation) , and keep a "finger in the Corallian pie"!

NK