Member Info for Rubey

rodster, who were you directing your post at?

You know, you're wasted on this bulletin board persimmon.

Hopefully this weekend there'll be lots of photos, drone footage and eager investors wanting to get in before the price takes off. A good Monday RNS would certainly help BH.

Would I want to be out of RBD over the weekend? No sirreee!

I'd seen a 10m on Tuesday but missed one on Wednesday Manwell.

I've bought a few this week O2B, but there have been several 2m sells. There must be news soon.

BH, please feel free to have a go at this bb's Cameron Bancroft.

Desmond, one thing I do know is that there has been a concerted effort to give as little advantage to the protestors as possible regarding timings. Rathlin, who of course run the operation, will be far less interested in updating UJO or RBD shareholders than UJO or RBD will be, but Rathlin are in charge. At the end of the day long term holders won't be so interested in regular updates - as you know it's more to the advantage of those attempting to trade. But of course I'm just as curious as everyone else. I wish I didn't live on the other side of the country - I could go and have a look at progress instead of relying on hullpete's twitter pictures.

'Ruben, forget about persimmon. Filter him if you find it annoying. He will bang on until the cows come home. Just ignore and consider the bigger picture....'
BH are you the only person allowed to have a go at that prat? lol

GP, thanks for clarifying the position, and you may well have a point about PR. RBD's PR impressed me a year or more ago, but I must admit I have felt they have been quite quiet recently, comparatively speaking. Maybe they think the assets will speak for themselves......I'd like to hear more from them.

Isdeer, I never saw a TR-1 relating to Chrisoil buying RBD. Can you point me to it please? Thanks.

I don't think RBD is the type of company he would get involved with. Perhaps it's because there are too few impressionable PI's?

in Reabold's favour, is we don't have Chrisoil buying shares (well, hopefully not, anyway). If I had UJO shares and this rumoured TR-1 materialises, I'd sell straight away.

Is that a guess isdeer?

The initial deal was for UJO paying 25% of costs isdeer, but I'm not sure if that was just for the first well or all subsequent works.

Thanks GP. I posted earlier:
UJO £5m placing last November -
'The proceeds will be deployed into what Union Jack believes are highly accretive projects including the drilling and testing of two further appraisal wells and the acquisition and reprocessing of new seismic data at the Company's flagship asset at West Newton. Funds will also be used to drill an anticipated side-track well at Biscathorpe and to provide additional working capital.'
To me it seems relevant to post on here as it proves the RBD under-valuation. UJO may well be properly valued, unless Chrisoil is getting involved again of course.

They've been doing a lot of buying since the placing GP.

Thanks BH.

If that's addressed to me isdeer, this is pretty much my take on it fwiw:

UJO £5m placing last November -
'The proceeds will be deployed into what Union Jack believes are highly accretive projects including the drilling and testing of two further appraisal wells and the acquisition and reprocessing of new seismic data at the Company's flagship asset at West Newton. Funds will also be used to drill an anticipated side-track well at Biscathorpe and to provide additional working capital.'
RBD placing for £24m last October -
'make a cash investment of £16 million in Rathlin'

Am I right in thinking UJO's entire £5m is required to cover West Newton costs, whereas RBD's cash is currently unallocated and all this year's West Newton costs are already paid, GP?

Plus, when you consider free cash, market caps are level!