Member Info for Rubey

SelfishNimby I believe GP.

What's that persimmon, ****ney rhyming slang for what you normally post?

Great post on UJO bulletin board at 20.59:

'There's a big problem with 50% of the people who post on here. They have 50% of the mental capacity needed by someone who wishes to successfully invest in this type of company. JUST TOO THICK.
For some bizarre reason halfwits like..........I can't even be arsed to list them all, seem to think they know how to run a company when they would probably struggle even to tie their own shoe laces.
David Bramhill is one of the sharpest people I've ever come across. He could make shareholders a fortune here, but there are too many lying barsterds around him for my liking. As I posted earlier before the bb was filled with a load of complete and utter dross:

Hopefully DB gets Argus Vickers. He should be able to see which of the larger PI's sold at the end of August. Might give him an idea who he can trust and who was told about the placing and sold.'

GP. I agree with BH over pretty much everything there, but I would add I think there is more than a little anxiety relating to UJO. UJO have dropped from 0.25p to 0.18p so far this month because of the rumoured/obvious placing, whilst RBD have dropped from 0.75p to 0.63p because of.......UJO's rumoured/obvious placing? The JV partners need to be over-funded in my opinion, going into such a potentially huge project as WN.
But I think the mood will change when the rig arrives.

Hopefully UJO will soon secure their placing so confidence can return. Reinforcement of the JV partners being fully funded next week plus rig arrival? Hope so.

Morning BH. Quiet indeed.

At least Persimmon's not making his normal inane remarks.

Oldbutnowisa, I don't believe we own any of Deltic.

All night by the looks of things CB. 86 posts between 6.30pm and 6.30am! Pretty impressive.

TakeAimFire. Shouldn't ***** be spelt *****?

Oh no. Not more persimmons, please.

I keep a close eye on UJO for obvious reasons - it affects RBD. A picture has clearly been developing of late, but blimey, some of them on the UJO BB are slow to smell the coffee. Heading for a leaked placing, so many poor souls are clinging on by their finger nails in the hope it will all go away.
The weird thing is the person who appears to have instigated it, I believe is the most recommended and liked poster on the BB! Now that's clever.

I think the market makers are over-egging this morning's RNS. Ridiculous drop for a couple of small sells from what I can see. As you both say though, it's all about West Newton.

Clearly you need to do more research AJW. What about Biscathorpe, Wressle and general running costs? I suggest you read your own bb as there are clearly posters who know what's going on.

PS. There's a clue in the share price.

With UJO apparently about to do a placing, I was wondering how we stood. UJO clearly need additional funding for Wressle (£2m to complete purchase plus wellsite production costs), West Newton A-2 EWT & WNB-1 drill, and Biscathorpe side-track, plus normal running costs. If they have say £3m left in the bank they must be short of a couple of million.
RBD seem fully funded for all current operations, but not WNC or WND. However, they will surely only need to be funded once it is confirmed whether or not WNA & WNB are successful.
So no, I don't think we are in UJO's position, thankfully. It will of course be good for us if UJO is financially secure, so hopefully it will be sorted out quite soon.

I forgot to include the comparative market caps 1 month ago - UJO £42m (now £35m), RBD £39m (now £51m). Let's face it, BH and others were right, and there's still a way to go.

You have to feel sorry for UJO holders at the moment. A month ago posters like BH were suggesting there was a big imbalance between RBD and UJO share prices. I had hoped that RBD would go up significantly to rebalance the comparative prices, but sadly UJO has come down. In my opinion the RBD market cap should be 3.5 times UJO's, so I believe there is still plenty of rebalancing to occur - that would currently mean a share price of 0.12p for UJO if RBD remained the same, or 1.5p for RBD if UJO stayed the same. Hopefully there will be some UJO shareholders for whom the penny will drop, especially considering it seems on the cards now that UJO will be placing if UJO shareholders on twitter are to be believed.

Things are looking even more impressive after today's revelations. Lookin' really good!!!!!

Sod off persimmon.

Great info on the bb this afternoon. Thanks fellas.

I had always understood (rightly or wrongly) that WN would be sold when most appropriate, and the bulk of the proceeds paid as a one-off dividend to shareholders. Reabold wouldn't have a long future by any means, but Rathlin would go public one way or another, which of course would be very good for Reabolds 59% stake in Rathlin. What a fantastic company to be invested in.

Indeed krull. Countries that are prepared to expand coal production in the way China is, aren't going to be too bothered when it comes to using oil. After all, they're in a race to the top and look destined to succeed. A different view to our lovely tree huggers who want us to race to the bottom.