Member Info for persimmon

Should or when the Aquitas £5m facility drawdown takes place the price of the discount on the shares given as part of the deal will be based on the average price of the market over a 5 and 10 day pricing period. Obviously Aquitas will need for the s p to be as low as possible with a discount (10% say) applied.
Anyone here concur?

S

My hunch is these two chancers will be soon back to tap up investors again within few short weeks.

UJO reminds me of the above...DIVE,DIVE,DIVE

I agree Chris, no problem with me. On a personal level I prefer to trade and not average down. Chasing the money on balance is not a wise move.
OMO and G.L.

Morning Chris
There is little point in arguing about where the price will move from here. It is, and always has been out of our hands. I am also underwater now, but will still hold. However I would not advise others to buy, as it appears that all may not be as we would wish at West Newton. I feel fairly sure based on previous experiences that unless this is a 'duster' then the s.p will rise. The judgement on what to do at that time is personal, and may in the worst case depend on what losses one is prepared to accept. Just my opinion as always. It's a definite hold for me at present.

Welcome to to Union Jack Oil, better known as the 'Sheeps Head Club' led by the Heid/Rubey conductor Ramping Combo.
All cult members have to sign up to the 8.00am hugging and chanting sessions.

well cloves I was going to say we will soon know, but on second thought the word soon didn't seem 'relevant' with regards to reabold.

sorry wrong board.

RNST you wrote............................................................................
"What I find difficult to fathom is their need for minimal information that could easily be shared"..

Not if the news is poor, then they would not be in a hurray to announce news.
Moving on to further drills now is my best guess, accompanied with at least a placing plus a draw down from Aquitas, and all that it means for investors. Yes it's the word beginning with a d.

Companies Involved Directors HMRC Designation

Reabold Resources (Public company) Stephen Williams & Sachin Oza OEIC
Reabold Resourcing (Private company) Stephen Williams &Sachin Oza OEIC (Dormant)
Europa Oil and Gas (Public company) Stephen Williams Extraction of crude oil
Rathlin Energy (UK) (Private company) Stephen Williams Extraction of crude oil & Gas)
Danube Petroleum (Private company) Stephen Williams Support Services Oil & Gas)
Corallian Energy (Private company) Sachin Oza Extraction of crude oil & Gas)
Gaelic Resources (Private company) Stephen Williams & Sachin Oza Investment Holding
Registered in Isle of Man & London * No accounts submitted
Reabold California (was Temporary Energy) Agent Mr Dero Parker Rocklin UnIted States
*Loaned by Reabold Resources dated on latest accounts December 2020 @ £6,292,000 inc interest
* No due by date sumitted

Forza74..................RBD should not be written off yet.
However if West Newton cannot be commercialised, only those diehards who are in too deep will stay, even if their original investment falls ten fold. A parallel would be with remainiacs who still cannot accept that we have left the E.U. That's the way it is, and always has been with small oil companies, who do not pass muster. Some cannot accept what a tremendous and stupid thing it was to get in too deep. Meanwhile the directors plough on taking their large salaries with huge smiles on their faces.

Is it a big player exiting or the price being further reduced to let Aquitas stock up at a basement price.
The Jury is still out!

wrote almost month ago the following............................................................................................

"But forget using an excuse of further drilling at site A and a B2 or whatever… we were promised something big here and I expect them to deliver on that, no more excuses and no more nonsense. I hope they will, but I won’t be pretending it’s not a failure if they don’t… it will be a huge failure. Still, I can accept a failure, but what I won’t be accepting is excuses about how it was just to test where other drilling can be done - because that’s never what this was about, this was about commercial flow".

Well the odds are massively in favour of the above happening now as It's obvious that matters are not going as hoped.
Are we never to hear that word transformational written again about West Newton?

Lenin......"How would you like it if someone accused you off something that was not true"..?

Are you kidding me.
For what it's worth I'll be off this site for a few days, and let those who think Heid / Rubey / deermule are not rampers and some the same person get on with their sycophantic overtures.
Heid not a paid Ramper....well of course not ffs, how many newbies have been taken in by this never ending drivel.
Open your eyes and see things for what they are, not what you would like them to be.
Bye for now.

Heid/Rubey....Yeah right, and the chances of that happening within 60 seconds.....what a coincidence...NOT!

I see Heid is still persevering in her/his insults to me.
Just cannot get over the fact of exposure, and that the outcome is she/he will never be taken seriously again after being 'outed' last night as imposter with at the very least two avatars.

cloves......First things first irrespective of what others say (remember the January post by one who I shall not mention by name) about a placing. Only had to wait 24hours to see that actually happen.
There will be more placings, not least of all to fund other ventures as well as W.N who are running out of cash.
If the testing at W.N proves the likely hood of success and commerciality is determined then much more funding will be necessary for this venture to proceed alone. This without doubt will/would be the case. What some investors fail to see is the end result of this eventuality occurring and a subsequent significant payout for investors would/will be years away. Many, many hoops need to be jumped before that position is ever reached. I very much doubt a sale of West Newton would come before the end of this government's term in office; far too many bridges to cross.
A short answer to your question would be Yes, West Newton can be a success, and return good/very good returns. Will this come in the short or even medium term I doubt very much. As NVG today alluded to in a way, the way to make money for the foreseeable future with RBD is to trade the swings. Having said that I hold and wait until my target appears (hopefully).
Good luck and it's all only my opinion after all.
BY the way I am not a paid ramper or unpaid deramper like others on this blog with multiple alias's would have you believe.. Nudge nudge, wink wink Rubey!

Uggy100 you have just stated this............................
"Moving forward, in the event of successful EWT´s on WNB1 & WNA2 I have grave concerns that they will decide to inject more capital into further proving up the licence area before any sale".

IT'S A NAILED ON CERTAINTY THAT IS WHAT WIILL HAPPEN.
At the very least one more placing is coming accompanied with more dilution for share-holders.
Of course the Heid/Rubey combo will have none of that.

hello everyone...Heid and Rubey have been found earlier to be one and the same person. Go right back to the beginning of this thread to find out how this happened!