Member Info for Ronnycant

Cheers! My worry is to get spiked up.

My buy order is sitting there, for 5000 shares with a limit of 52p... all morning...

Above 7300 USD right now.

It would be good to have a rough view on the monthly SG&E costs... A part from that, very happy to hold.

I am invested and believe in ARB.. Nevertheless, #BTC prices in March were low. Looking at the statement where they said that Feb price levels give a 50% margin, I would warn investors for high March expectations. I expect ARB to have ran moderately above break-even in March. Manage your expectations and avoid wild shareprice swings.

BOOM!!!

I rather RRE do not do any take over right now. I expect the cash to act as a shareprice buffer when the corona-**** really starts to hit the fan.

Is anything known on the latest timeline for this?

Just reinvested (probably wrong decision) but I was wondering... is BP now on hold due to the corona-virus or is the equipment from China still on its way as planned? Did we receive an update?

Obviously.. but I mean a real sell off... oil demand will drop dramatically in coming month

Somewhere in the coming weeks i expect the virus to impact both the economy and the oil/gas price negatively.
I am trying to assess how RRE would deal with this. On one hand, we have plenty of cash to weather a storm. They could even benefit by preying on companies that would start to struggle..
On the other hand, the market can be irrational and trigger a sell-off (despite our cash)...

How much BOE is 40MMCF? Per day apparently

It is better to have a bit of cash buffer at hand... to deal with drawn out negotiations once you know the size of the beast.

I don't mind placings to prove up the resource... I need to check if the current producing wells can cover the daily running costs e.g. overheads...

Having 80% of my PF makes me sleep at night. I was patient last year and it turned out well, I am patient now.
My only worry is, where to invest the money once I sell out in a year or two...

Would a Corbyn election be disastrous to RRE?
At first sight, I would think, yes... Nevertheless, it could offer cheap bargains in the market.
Should I leave my sleep on Thursday night...
A part from that, very happy with my RRE investment.

Because it probably was part of the finance deal that VAST stumps up part of the cash themselves.

The 2.5 Million full ask will be me... This is the 3rd time I give VAST a chance. Let's hope this time is right.

RRE is saving my financial year from disaster. After a full-in on VAST, I had little to lose and went all-in on RRE (full of cash and cash generating). After a series of bad decisions, this was a good one. I will stick around a bit longer after relist and let this run. Cash accumulation will be highly attractive and partly debt-financed acquisition can turn this into quite a company.

swap against 8 GBP /share would not be fair since the impact of the Marathon take-over deal is not incorporated in that share. The share was suspended as this was announced. A swap against 15 GBP would be fair. Dream on :-)