Member Info for persimmon

Looks like some friends of RBD got the nod yesterday, hence the fall.

Correction...should be Danube

This amount won't even fund 50% of what West Newton will cost. Where's the rest coming from.
Rathlin results out in 2 weeks time, they will need more financing...where is that coming from?

What did I tell you?
All proceeds will be sunk into West Newton, which will meander on for many many years into the future with the dynamic duo fulling circa £500,000K per annum for their efforts.
I think many owe me an apology.....£120M plus, don't make me laugh!

milnrowmug.....I have grave doubts about the viability of West Newton. Whatever happens one thing you can be sure of is that with the directors penchant for delaying matters for as long as possible, any monies to be made other than trading the share price will require you to live as long as Methuselah.

The 'white elephant' that is West Newton will soon come knocking at Uncle Dave's door with cap in hand!

What's this "very good dividend" I keep hearing about?
Or is it just a figment of the rampers imagination?

Both UJO and RBD, the latter by much more!

"Farmout Discussions Ongoing"

GP...what it probably means is that at Danube Petroleum the j/v companies namely Reabold Resources and ADX, the directors of both are talking about it at board level. Nothing of substance for sure!

https://adx-energy.com/wp-content/uploads/2021/06/18-Month-Extension-of-Parta-Exploration-Licence-in-Romania.pdf

Note the end date is 18 months from June last year 2021. No partner has been found since then and therefore doubtful if another replacement can be found before December this year. Further extension not likely to be given, Parta dead in the water?

New release September 7th (today) by our joint partners in Danube Petroleum ASX.

Masterbaker.....the word 'should' is NOT definitive.

BC,,,,,,,,,N.B the Operative word is 'expected' which means likely or anticipated....not certainly.

LOL...it certainly bamboozled those with no nouse.

Still don't think there will be a dividend but as it is possible I have included it.

Lenin...my published logic is backed up doing a massive amount of homework, and then stating what I can honestly say is my opinion of what is likely to occur. Just because I am very critical of many aspects of what the company does is why I do not close my eyes and pretend all is ok. Their (RBD's) track record to date does not fill me with great confidence going forward. Far too many on here only hear what they want to, hence the name calling and filtering. I am, contrary to many opinions still a holder of RBD shares. Where I differ from the detractors (rampers) is I am not a massive holder, and bought more than I can comfortably afford. unlike like the Deemules and others of this world who will be tens of thousands under water and still averaging down. William Hills and Corals in another sphere!
If the cap fits wear it.

Now now Heid.....I mean TheAimCasino

"Free speech is my right to say what you don't want to hear".
George Orwell

Gas down 15% and Oil down 3%

On May 3rd the day before an RNS was released regarding Conditional talks with a prospective buyer the price was 0.315p.
On May 5th the price rose to 0.4p, a rise of approximately 25%.
What can we realistically expect in the future with Corallian and Victory?
If the talks fail, which is unlikely as Reabold will most likely accept an offer significantly below their hopeful expectations. Any prospective buyer will know this of course.
A sale will obviously increase the share price. This again depends on one of three major outcomes in my view a) a dividend paid or b) a share buy back c) all the proceeds of the sale used to finance West Newton and 'other projects' ; Forget about Parta in Romania, no partner has been found in well over a year, and closure on the extension runs out end of November, also our partner in Parta through Danube Petroleum ADX is moving more to Geothermal energies.
I am discounting a mixture of options, as I think any sale will not be of sufficient value.
My view is thus
No sale would mean at a minimum, a halving of the price immediately following an announcement............... For a sale
a) an initial rise followed by a retrace to around 0.4p
b) an initial rise above that of a dividend (a)and sustained in the medium term
c) a rise to around 0.4p
OMO and await the flak from the ramping fraternity.