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Pershing have suggested they are our knights in shining armour here to save all shareholders. Rather than a hero of this story they are quite clearly a sinister bunch trying to take control without being subject to the price.
The way they are going about this sais enough for me. The board need to raise their game no doubt but to think these new folks suggesting they are our saviours are not doing it for their own motives is very wrong and they have not convinced me that they are not just self serving.
My vote is with the existing board. Just my 2c.
I would suggest starting with the RNSs on the site to understand what is upcoming. Also wouldn’t hurt visiting the company website. Can only speak for myself here but don’t expect this board to do all the work for you….
Yes I was referring to your post. Your statement of fact is no different to the first I made. Cash in the bank is what will move this. But if that cash is reserved to progress a myriad of tripe from Corralians bottom draw then it’s not that great a deal to be in. Just get spent up on wages and pipe dreams.
Look like a dog - No
Barks like a dog - yes
Walks like a dog - yes ( shareholders seen zero value).
Not saying overall the share is a dog. I refer you to my first post again where I state I am overall positive. But RBD has not covered itself in glory to date. I don’t have confidence in how the cash proceeds will be invested well for long suffering lth.
Just cause I’m not saying this will multi again does not make me a market/self abuser. This board really sucks at accepting any views that do not follow the hype hype hype view atm. Pretty poor imo and why I tend not to post or visit often.
Without knowing the size of the deal it’s hard to know if they are the same.
I agree west newton is the big pay day, but if we are diverting funds from a victory sale to develop random licence assets from the victory left overs it feels like a scope creep of the investment scope to me.
Without knowing more on the plans and costs to develop the rest of the portfolio I am left underwhelmed.
I’m positive about the future here but underwhelmed by the interview. What I didn’t hear from the guys which I would have expected was the realisation of value for shareholders.
The sale of victory will no doubt reduce the risk of a placing to fund west newton and other projects but I don’t see the special dividend in our future that some have suggested.
Think most we can hope for here is a slightly higher share price from an increase in cash holdings, all of which seem to be earmarked to progress other assets and not reward holders for their patience.
Time will tell.
If there was nothing there then it would be all over by now. To my mind it makes me feel better they are still working on it, not worse. I look around my home town and many places working on half staff due to COVID. Everything is taking longer these days. Should not be cause for immediate concern IMO
We complain with no updates, now you complain that it’s not a complete break down. Give it time. It’s clearly far from a duster and if it did not meet with their expectations they would be obligated to state that. This RNS is the good news we have been waiting for.
Fairview, you proved my point as well as your research prowess completely on your own.
If you are drawing ill-informed conclusions about a company I am invested in on a board of a company I am not, it is reasonable to respond and correct. If you want this to just be about UJO I suggest you stop brining BRD into it yourself.
The valuation gap between RBD and UJO is because of more than just WN. You should really do some research on RBD before saying such nonsense.
RBD have solid income from California assets that are already generating profit for RBD. This in addition to other assets due to drill in the near term and WN and cash in the bank is why RBD are worth more. Oh, and RBD effective share of WN is higher than UJO.
This is not a UJO bash, I am sure they will do well, but both companies are not equal.