Member Info for persimmon

Semantics

Mirasol...we joined the EEC (forerunner of the EU) in 1973, and it was sold to the British public as being for free trade and commerce between European countries. No where was mentioned about the take over politically of member sovereign countries ability to rule themselves. Their petticoat has been showing for all to see in recent months. All Empires have a shelf life and the EU is no different.
As the pop group the Who sang..... 'we won't get fooled again'.

RonnieB, the decision to apply for the additional wells was made well before the results were known of the undertaken drills of B1-z and A2. If they hade proved to be viable then the time to bring a potential sale into play would have been shortened by this forward planning.
Of course we are probably looking at the opposite now that the preliminary results are out, and the timing window will be pushed out to the maximum before a decision is made on appealing, thereby hoping for Victory to live up to its name!

Heid, I'm no economist but from what I hear a small amount of inflation is not a bad thing.
As regards the Euro it's a well known fact that the European Bank is keeping that currency artificially propped up with QE greater proportionally than of UK QE. Our pound at least is now not going to subsidise 'hangers on'.
I think all but blinkered remainiacs can see that the E U is in terminal decline, with great problems piling up, least of all those from member states in the East. France and Germany starting to fall out about who wants to be 'top dog', or as far as Macron is concerned 'top gun'. Best ploughing our own furrow.
OMO

Hi Heid
Do you think that although oil is priced in dollars it would be better to convert it to pounds sterling when presenting revenues?
For example one million dollars is about £727,000 pounds at todays conversion rate.
Also, is this sum Gross or are all production costs already discounted and the £727,000 in NET of ALL overheads, and if not what are the likely bottom line figures?
Thank you.

I agree with what G.P has just posted, apart from the ten x nothing is still very little. In fact ten x nothing is nothing.
Given the dynamic duo's record to get us where we are today and their transformational news on Colter, Parta and now West Newton we must expect Victory to also be transformational.
As I have said Victory will become the pre-eminent for play now, and expect West Newton will be quietly retired to become just background noise. I do not expect any appeal against the recent decision of East Riding County council. The odds are stacked against Commercialisation. They (Stephen and Sachin) have become gamblers just like Deemule and cloves, and I would not be surprised to see another transformation asset as yet unknown to share holders unveiled shortly.

He meant illiquidity event.

I'll go ten and raise you fifty. So that's a 60 bagger LOL.

flatearther....if Rathlin on the orders on Reabold are going to appeal then it will be at the last minute. They are always up for wasting time and dragging things out as long as possible for very obvious reasons.

AJW...regarding West Newton A and B they had better get their skates on then. Both site have to be returned to a green field before the children eat their Easter eggs!

G.P spot on. Many like our old Graham (Malcy)are paid by companies to promote them. Their 'independent' views are from that starting position.

Feeks...You write..... "I don't expect company Directors of any company to divulge Board level information on their commercial strategy and nor should you".

You mis interpreted what I was saying.
And as for for your commercial and confidential issues about my comments on that.
What a load of bo**ox. I didn't know there was an embargo on giving opinions as to what company directors may or may not be discussing. Grow up.
It's called 'free speech' or are you a hand wringing lefty fresh out of uni?

Feeks, you asked me this. "Persi, you refer to "imponderables" which need to be resolved on the planning side, but I cannot detect any".
Sorry for delay in getting back to you as I've been out all day.

What I was referring to needs to be addressed with your acceptance that our two directors know far more about all their projects than that what we in the public domain know, most significantly at present regarding West Newton and Victory.
For instance what do they think is the percentage chance of West Newton actually becoming commercially viable.
What is the chance of Victory becoming commercially viable given all the data they will already have.
If there are large doubts about further West Newton exploration, would it be too onerous an exercise to undertake. If not would the extra monies needed for development be forthcoming. Although the planning appeal would most likely be overturned, should that turn out not to be the case, and any costs awarded against RBD what would be the likely ramifications.
The Victory play will also be involved whilst weighing up what the best case scenario would look like. What would be the course of action, and the various dates to be considered for release/s of RND's about both ventures. Are there other developments that they may be considering and what would be the impact on the time scale of those on future news releases.
It's all then a question of balance using their own words optimum outcome.
Much to consider.

B.F. Skinner is one of the most famous behavioral scientists in history.
Skinner did experiments with rats using boxes that dispensed cheese as a reward when the rats pulled a lever.
Obviously, the rats who got cheese every time they pulled the lever were more motivated to pull the lever than the rats who didn’t get cheese.
But there was a third box. This one dispensed cheese as a reward randomly. Sometimes, the rat got cheese, and other times, it didn’t.
You’d think that the rats who were certain of getting cheese would be the most motivated to pull that lever. But you would be wrong.
The rats who didn’t know whether or not they’d get cheese were the ones most motivated to pull the lever on the box.
It’d be easy to say that people aren’t rats. But if you look at the research, this experiment relates to how the brain reacts to uncertainty.

Now Deemule, Selfish, cloves and others can be more understood, as they all choose the third box as they're all really gamblers!

Karaleva. Well I see you also are in Omega, although I'm not sure about being millionaires by next week. Read my post to Jimmybob now.

J.b this is what I posted a couple of days before the planning meeting

"What will be the outcome of Thursday's council meeting . What are the odds of the decision.
A bit of light hearted fun for once! My guess is
In favour of the Applicant (Rathlin) 2/1
In favour of the Objectors 4/7"

A lot of people think that this is a given. I am far from convinced. There are a lot of imponderables that have to be considered, as well as potential costs. In the meantime West Newton A site has to be returned to green field clean site by November 19th, and West Newton B site by Easter 2022.
Interesting decisions also have to be made where time for once is not on the dynamic duo's side. Any appeal will also have to be launched by Easter next year. The clock is ticking!

For those who are brave at heart and like a flutter, and believe what the dynamic duo are saying, and also believe that Victory will be theirs, then I believe now is the time to buy. I do not see it sinking much further. However you will also have to accept some dilution when the placing/£5M loan from Acuitas appears shortly. But before that the Victory RNS.
OMO as always.

Pboo...."Heid is very quiet today."

Yes it looks like Uncle Dave has finally realised that he is not getting value for money, and is limiting the paid posts she does.

Will it come to save the day? or will that just like the SS West Newton, be holed below the plimsoll line.