Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
ZeroMates....mean-spirited is a term you just used in regard to my and others posts about the 2 joint ceo's. Another word with the same meaning would be contemptuous. Do I feel that these directors should be treated with contempt? rhetorically the answer is YOU BET I DO!
I treat them with contempt just the same as they do all their share-holders. They are the most secretive and widely distrusted pair of directors I have ever come across in many decades of trading.
Recent posts been deleted. We all know by whom. They are scared now, backed into a corner, another major II selling. Buying back into treasury but the price still keeps falling. Are we seeing not the end of the beginning but the beginning of the end?
Itsawrap, ever heard of 'brown envelopes'. That's rhetorical, of course you have. But believe me when I say it's far more prevalent than many people think. Of course those engaged in 'smoothing' the transition of money from one source to another are very adept at covering their tracks. And remember the old adage 'honour amongst thieves'.
I think that for the dynamic duo the question is this. Which is it to be first C.S or W.N, as I don't see any way that the financial costs of developing both at the same time can be borne by RBD alone. Forget Danube Petroleum and Parta, that is a dead duck Uggy in my opinion. Our partners ADX have given up on it.
It seems from my research that to develop West Newton will take up all the proceeds that RBD has received from Shell if no other partners can be found. And of course by every passing month the costs will increase. Therefore I expect that the development will be in stages over a long period of time hoping other 'asset'; will bear fruit
Rathlin of course needs all this money and RBD are the major share holders.
Grey Panther...I have about as much chance of appraising Max Planck's theory of Quantum Physics as Rathlin has of successfully explaining the West Newton topography.
P.S, I believe I may have been on (the) piste when I mentioned the Ice Wine project, so my mind was inevitably some distance away.
The word 'imminent; from David Bramhill should be put in the same box as 'transformational' from the two CEO's at Reabold Resources.
Having said that I am expecting an RNS sometime in the fairly near future regarding West Newton but not imminent.. Whatever, the stages of development will take many years (like Rockhopper in the South Atlantic or 88e with their 'Icewine' project in Greenland). If the outcome was going to be good, investors would have been all over it by now. As it is there has been no interest. That should tell everyone here how prospective partners see the 'success'.......obviously thumbs down!
danube petroleum (romania)
• £5m invested to date for 50.8% ownership
• danube holds a 100% interest in the parta appraisal
area and 50% in the wider parta licence
• im-1 well in parta appraisal area resulted in very
significant gas discovery
• testing of im-1 expected in q1, im-2 drilling in q3
reabold california (usa)
• 50% ownership of three license areas in california
• currently producing 300bopd gross
• recently drilled vg-6 well about to be tested
• self funded appraisal and development campaign
rathlin energy (uk)
• £20m invested to date for ca 60% ownership
• rathlin has a ca 66.7% wi in pedl 183, which holds
the west newton oil discovery
• west newton appraisal indicates potentially one of the
largest uk conventional onshore oil discoveries
• reabold may increase ownership of rathlin to up to
74.99% and west newton to up to 50% through
potential equity swap
4 years ago this bull **** was released. how much further are we on?
On December 13th Reabold Resources share price was 0.1175.
Today February 8th the share price is 0.085.
A reduction of 27% in a matter of 7 weeks.
Not bad going at value destruction even for these two incompetents.
More shares into treasury. Since the last notification of shares purchased on 10th January in the value of £77,333.
The latest up to 5th February shows the total amount paid between those dates was £165,566. The company is seemingly now spending monies it has received from the last Shell payment. It also appears, that looking at the timing of many of those 'buy trades' have been occurring later in the afternoon following numerous earlier sells. this no doubt to prop up the share price, artificially some may say.
Uggy, knowing how the duplicitous duo operate, expect it (RNS) to be released on the morning of the next presentation. That will allow investors no time to then present pre screened questions to them; they will be the only ones allowed in my opinion.
Or am I being too harsh on them?