Member Info for persimmon

Ouch...watch the spread !

Chris, my apologies, I did not write that passage. I should have used inverted comma's.

Natural gas prices in the United Kingdom (UK) 2016-2025
Published by D. Clark, Jan 19, 2021
The price of gas in the United Kingdom is forecast to amount to 37.6 pence per therm by 2024/25. This would translate into a 38 percent decrease compared to 2018/19, when gas prices reached a peak of 60.7 pence per therm. Between 2018/19 and 2020/21 figures are expected to fall by over 56 percent, before increasing again in the following years.

krull......surely you mean remunerative enhancing deals.

"Corallian intends to utilise the proceeds of the Convertible Loan to support workstreams related to the submission of a draft Field Development Plan for the Victory gas field ("Victory"), which Corallian is aiming to do before the end of 2021, and for general working capital purposes."

The above is an extract from the recent Reabold RNS.
Note the wording, "Corallian is aiming to do".
I believe that the injection of funds into Corallian is two fold. The company was obviously in dire need of funding which it has now received, but in addition the Victory project is a hedge against West Newton not being as successful as RBD hope.
The word "aiming" enables RBD to use Corallian at time/s of their choosing, as a distraction from what most agree is the 'main event' of West Newton.

Jesus it's contagious like the damn virus.

I didn't use the asterisks it's the woke moderators !

Good old Gatts. Best thing I remember about him other than that ball at Old Trafford was telling the umpire Rana in ****stan basically he was a cheat. "One law for one and one for other". Then when told by our wimpish authorities he had to apologise he just scribbled on a piece of paper "sorry" and pushed it under the ****'s door.

I should have added that I have a stake in Reabold but not in Union Jack. However I have no illusions that a failure of West Newton will do irreparable damage to the former, with only those very heavily invested staying on board.

If West Newton is successful then Reabold will obviously have a greater share of profits in that success. If West Newton is not successful then Union Jack will be in a better position to survive than Reabold. You alone need to balance the probability of each outcome . Go with the greater risk but larger return in one company versus a smaller return but lesser risk in the other.
OMO and G.L.

Regarding RNST's comment that Corallian are lining up either a 'trade sale or an IPO'.
I think an trade sale is unlikely unless it is a 'fire sale', and that an IPO is even more unlikely, as investors are now looking more at Companies recovering from the downturn brought on by Covid. Pharma stock and High technology companies will also be front runners in the recovery.
Having said that, Reabold does have a chance of succeeding with West Newton. It needs to because the 'house' as been bet on it. Before that happens though I believe they will need to drill more appraisal wells and prove up its commerciality. This will undoubtedly mean more placement/s and further dilution. For those with a strong belief in huge returns, it may come but will give a new definition to 'long term'.

The market makers are in 'seventh heaven' with this company at the present time. The vast amount of trades taking place gives them the opportunity to work the price far more than usual, and provides them with greater income.

Companies very often like to use the word impairment, instead of the term 'written off'.
It assists them in having more than one 'bite of the cake' often covering up actions/s of what otherwise could be classed as incompetence.
Successive impairments attributed to a number of different projects could well be an indicator, not only of past but also future business dealings, and their subsequent impact on shareholders via numerous placements and inherent dilution.
It often comes to pass that eventually this huge number of shares needs to be consolidated, as looks to be the case with a fellow traveller financing West Newton.

feelinglucky...."bankable tax losses? (for when WN earns from production)"

I didn't know we were going to be a mainstream producer on larger projects. What next, refining as well?
I know we have a small productions fields in California, but they only pay the directors salaries at present, and with Biden's clampdown on further development wells, and what with him becoming insistent on loading massive de-commissioning costs onto oil companies the future there is hardly rosy.

another 1.5 billion added today.

Awax....Of course, with news flow coming very shortly perhaps later today all three should move up,.
And some are still trawling oil and gas. Cannot believe the missed opportunities on these !

B.H.....No surprise to me, if you look at their books.
I know this was flagged up, but it's just another insurance policy to steer away too much anticipation in W.N, just in case of the unthinkable happening.
OMO.

Now what is the connection between these three politicians apart from them opposing the elected government
Hmmm....no prizes for guessing

"!That the three MPs (Debbie Abrahams, Caroline Lucas and Layla Moran) also tried to tag along is odd from a legal point of view. The three MPs are not rival PPE manufacturers. None of them are shadow health ministers. None of the three are lawyers".

The 'Company' spokesperson, (nudge nudge wink wink, you know who I mean) will not accept any adverse comments on here no matter how small and trivial they may appear to be.

I think you could be *****.