RE: Just musing but........7 May 2021 18:23
Perhaps you should spend a bit more time looking at the Victory gas discovery Genghis, and it's implications for Corallian, and therefore for Reabold. Only if you are genuinely interested, of course. If you just want to carry on knocking the company for whatever reason, go ahead. But expect an argument if you do.
I will point one thing out though. You seem to suggest that if West Newton failed (which personally I think is laughable), that there would be such a devastating loss of money that the other assets couldn't cover them. This is simply a distortion of the situation. In effect the cash has been raised and allocated for all of the projects, including West Newton. And there is no debt. The market cap currently constitutes an amount for the value of West Newton. Since the market cap is only £60m, it can't be much. The other assets, however much the likes of persimmon rubbishes them, have considerable value, and the cash balance is very healthy.
So considering the other assets, the cash balance and the fact that the presence of shlt loads of oil and gas have been proven to be present at West Newton, and gas AND oil have been proven to flow, it is risible to suggest that West Newton could break the company.