"in the fullness of time"17 Nov 2020 20:24
The fullness of time for me is if or when West Newton proves to be a Commercial success. This will not be known upon completion of the drill and subsequent report. It will only be known when the asset is sold and that will most likely be many months away. Like a house sale, West Newton will only be sold when some company not person in this case agrees to pay the price Reabold desires. In my opinion no offeree company will pay other than a knock down price for an 'asset' that will has many legal and planning hoops still to overcome. Fracking is now under a moratorium (effectively banned), other than acidization which itself will never be passed in today's environment, so the route to monetisation of the wells is far from certain. Reabold may well have to do most of this spadework and financing themselves.
I am not saying West Newton will not be a success, only that as time progresses expect more exciting discoveries to be made along with accompanying dilutions. BlackHopper Rubey and other resident Rampers, what are your thoughts. Do you dismiss mine or not, and if not why?
West Newton is the make or break play for Reabold. Success will bring its rewards. No commercialisation of W.N will see a mass exodus of the astute. Only the novices will be left to pay the BOD remunerations for future years. We will know within the next few months.
BlackHopper Rubey and other resident Rampers, what are your thoughts. Do you dismiss mine or not, and if not why?