Member Info for SGbaby

Wow. This RNS is amazing.
Extremely detailed and at first glance seems to take the text out of the presentation that was leaked by BMD.
It looks like there is NO finalised CPR at the moment otherwise it would have come out in the leek and subsequent RNS.
Joining the dots it looks like S&S are exceptionally confident and the raw data must be exceptional in order to even attempt to raise such a huge amount without finalised 3rd party validation.

It’s a good question. The answer is that a CPR will be a double edged sword for RBD looking to increase their holding. Rathlin holders are not likely to let their stock go for less than its worth. At the moment you have 1 successful well, with no CPR. The minute you have the CPR, or additional wells further proving up the resource, the value of the shares will go up. Sure it will make funding easier to secure, but the buy price will also be considerably higher.
That’s why RBS was able to buy 37% for Rathlin for £3m pre drill, now it looks like they will be spending circa £20m for 20% (reasonable guess figures). Post CPR that £20m might only get you 10% or less.

Just a minor point, but it will be an indicator of the lowest price they were able to purchase an additional holding at, rather than what they value it at.

I suspect it's going to be a significant premium over the August rate of £0.8427 per share, which should also have the effect of increasing the book value of the holding we already have.
The last investment in Rathlin was for £1m in August and the initial investment in January of £3m for 37% is looking like exceptionally good value right now.

I can’t find what the share price was for the initial investment, does anyone know?

not fairing as well over there today

Same here, added about 8% to my holding.

I don't really visit these boards much anymore but still hold my RBD and had a top up yesterday as well.

The plan for returning value to shareholders is one of the best parts of this investment. It might not be part of the plan but even a special dividend like POLO paid would be a great method of returning value.

GLA, long and strong here

Crazy scenes being reported in Bangladesh today as the protests continues and the government backlash intensify.

On Friday saying an extension or alternative agreement is likely has been removed. Nice to call it right for a change GLA

Incase it's been forgotten, the agreement to pay the success fee ends at the end of June, that's all. Just a thought but we might find ourselves in a situation where we get an rns today or the next few days that extends the time period to enable the payment of the success fee.

Zero volume again so far today (according to lse), really surprised that it's this quiet. Are we still expecting an update this week as it's the last week of June?

Looks like a little bit of a shake to take out stop losses. Somone is still buying at this level.

I'm not sure how legal this is, but could a larger seller be offloading to a buyer that they know is there? Maybe even themselves? That way the price can be suppressed of manipulated? I tend to spend most of my time in crypto these days and it's very very common for large traders to buy and sell to themselves. Great think about crypto is everything is transparent so you can see it happening quiet obviously on the exchange (you see something similar to a version of L2). Crypto is even more wild west than AIM!

Evening all. Good post searcher and you are absolutely right. Interesting that you refrence CIPS in your explanation, as I hold CIPS qualifications, and your understanding is spot on. This is huge news, a framework agreement is a type of agreement (contract) for goods and or services which are ongoing and or the exact specifications arent formalised. Very happy to see the developments happening and its got to be green light time soon. Gcm have never been at this stage before and I don't think that the Chinese are entering into these agreements with some something firm from the GoB.

Looks like it's small PIs selling after RG posted on iii. Not sure why you would be selling at this level, at this moment, otherwise!

Well this is a nice bit of news for a Friday!

lol - nice post :)

262.9p vs 264.8p :)

happy days here! :) nice update over on RRL as well - should be a good day for me I feel! :) now if I can just figure out how to speed up global warming because I cannot be dealing with these cold mornings anymore! lol

did not come today - so lets hope for some good news RNS on monday! :) have a good weekend all

tell me about it - with news so overdue and no volume, and the ratio of AT to O trades is strange! has to be good news considering how quickly they let the market know of the dusters?