Member Info for Odins

Afternoon Uggy. When you Google that name, he is also a fund manager.

Wondering if it not the samer person, but one of S&S old city mates.

I'm going with the brokers note on Stockopedia by the way.

Afternoon Jungmana,

That brokers note is over a year old. The latest one, released about a month ago states 0.37p.

You have my full sympathy Filthy.

We lost our Rottweiler and the best you can do for them is make sure they have a dignified end with no pain.

Afternoon Simon.

Quite interesting that several villages local to Parta have expressed an interest in geothermal district heating with the added bonus of electricity generation.

Anyone in Romania got a spare hole, say 1800m deep?

Afternoon BoB,

I would think that the BoD have bought a significant amount of shares due to something in the offing with either CS or WN.

From what I have experienced, share buy backs don't really do anything to help the SP. Only good news relating to one of the two projects mention can do that.

While the cash continues to hit the bank.

£120m revenue last year, wasn't it BP?

I would love to know the details of the financing deal, but RH seems like a man who plays his cards very close to his chest.

Have a lovely evening gentlemen. Best of luck with your (our) investment.

Evening Simon.

I got myself into this one when WN was looking like a real winner. That was from my investment in UJO and by association, RBD having the larger holding being looked to be a very good investment.

As you are painfully aware, WN has dragged along like a Seal's backside and it looks like a 50/50 split as to whether we will get some positive news in the near term.

I have stuck the boot into S&S on occasion on this BB, purely out of frustration at their less than stellar performance.

If that smarted a bit, then I apologise. The criticism was aimed neither at you or any other LTH.

I wish all invested in RBD the very best of luck.

Let's hope that S&S can finally pull the rabbit out of the hat and impress us all.

Nothing to see but the compressors chugging away and generating cash for ANGS

All joking aside. Something I have observed over the period I have been invested here (about 4 years) is that of late, there has been very little share traffic.

Up until a week or so back the daily volume was non existent. Therefore the holders aren't selling and the buyers were wary. This means that the holders, particularly the big players must know something or have some kind of reassurance from the board that this is not a dead duck. Otherwise they would have been ditching shares left, right and centre.

Apart from KS's little Foray into trying to take over the company and the flurry of PI buys and sells surrounding that, The II's haven't really budged.

Thoughts?

Afternoon Moniman,

I think it was the RNS stating the director's buying in. Once it was out there on Twitter, a small herd arrived and started pumping it no end.

The old broker's note stating the target price was 1.2p probably got a good few excited at the prospect of a 1600% upside too.

The latest broker's note is stating a slightly more realistic 0.37p, which at this level isn't beyond the realms of reality.

Now we just need to wait and see why S&S bought a load out of their own pocket.

I expect an RNS tomorrow morning before the AGM, finally stating that they may have actually done their jobs and potentially earned the company a bit of wedge.

Have a lovely afternoon and GLA.

I do of course wish both of you the best of luck and hope you get out with a bit of profit.

Another thing. I was thinking that maybe KS dumped all of those 260m shares just before the AGM for selfish and possibly spiteful reasons

I'm going to stop thinking now.

They may even have sold some part of their hefty share of WN in order to fund the drill.

Possibly for a profit.

Uggy! Itsa! Stop laughing at the back!

I have been having a bit of a think about what could possibly create all of the sudden interest in RBD.

As RBD currently only have two viable assets (WN and CS), it is most likely something to do with one of these two.

On of the JV partners (EDR) was recently bought out by Heyco (via Petrichor). It is a possibility that Heyco see the value in WN and may have offered Raithlin funding or outright purchase of the PEDL 183 licence in order to get it drilled and producing.

Thoughts everyone?

We're still waiting for the £4m dividends to be paid as announced at the last AGM.

Sorry, did I miss something?

When did S&S announce that they were going to buy back 25% of the issued shares?

It only takes one to report a post as what they may find offensive etc.

That will do it.

Its usually the thread, Meadow.

If there is one offensive post, the whole thread gets taken down.

That didn't age well BullorBears.

No RNS.

There are only two things (maybe three) that are going to give this SP the boost it needs to get the long suffering LTH back in the black.

1. WN confirmed drill date with Raithlin fully funded for their share.

2. CS environmental and production permits in place with firm commencement date.

3. (maybe) Either of the above being sold off to someone with deep pockets at a vast profit.

Don't forget that No. 3 is what this company is meant to be doing for a living.