Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
nvg we all know how he posts and under what name over on advfn.
he is ultra ******, ****phobic against any form of religious or political belief that does not correspond with his own and even is a member of a thread that should have been banned years ago and all the posters should have been prosecuted but advfn does nothing about it.
the whole cabal has no place in any freethinking democratic society.
Heid TBH i don't feel inspired myself, like the rest of the gang here i have no faith or trust in this pair, but even as inept as they are i would find it difficult to understand or contemplate how they could possibly sc*w up W.N, but with these two who knows.
I think the money is coming in from Shell, but like all of the other's i am out at any sign of decent profit, these two are monsters.
I agree 100% as those are my thoughts and why i add a couple of times a month.
As far as Parta is concerned the reason why i disagree with GP is the fact they have all suck too much money into it now and they will get a E.U grant to develop and produce from it, but hey what do i know GP may well be bang on the money, but that is the trouble with this pair everything is always opaque when a lot of the time it does not need to be, just two pathological liars.
Nothing would surprise me here that is why i am quite relaxed about the whole affair as i am staggered about the way they have mismanaged W.N and their finances, it could have been drilled by now if they had sold their half of Cali not bought Simwell and this LNE investment they would have had just about enough to have lent it to Raithlin at a good interest rate.
The scary thing here is their arrogance and view of distorted view of reality, their thinking is very short term always after a quick buck like a couple of Arthur Daley's if they could have just concentrated their efforts into one or two projects they could have bought themselves a fleet of Ferrari's by now and we would not be on here moaning.
Afternoon all i am as clueless as everyone else here as to what is going on behind the scenes, but one thing i am pretty sure of is we will get another holdings RNS in the not to distant future as someone or some company has been buying up blocks of these sometimes 5 million at a time and lot's of 2.5 million trades cold comfort i know, but with this pair of deviants anything is possible.
IRG were written off for a year or so i bought 30k worth as their NAV was multiples of their SP only had them three weeks or so and woke up one morning to a T/O R.N.S they six bagged in 48 hours.
I don't trust these two as far as i could throw them but something has to give here at some stage not sure in what form it will take, my best guess and it is only a guess is a hostile T/O.
My take.
The money will come from Shell.
Parta has not gone away and W.N both are to big not to be developed.
I believe they will find a farm out partner eventually for Dunrobin.
The two idiots have got side tracked with LNE and Simwell also they need to offload their Daybreak shares for whatever they can get as Daybreak have bullsh*ted the markets more than these two nutters if that were possible.
I think the current S.P is based not on the assets, but solely down to everyone's opinions on these two amoral twits.
GLA.
Just reread Boils RNS from last month it seems that Dunrobin is still ver much game on.
TIDMBOIL
RNS Number : 7076F
Baron Oil PLC
12 July 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
12 July 2023
Baron Oil Plc
("Baron" or the "Company")
UK Licence P2478 Update - 2 Year Phase A Extension Granted
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, notes today's announcement by Reabold Resources plc ("Reabold Resources") in relation to offshore United Kingdom Licence P2478 (the "Licence"), in which Baron holds a 32% interest. Reabold Resources is the Licence administrator.
Extension Granted
The joint venture for offshore UK Licence P2478 has been granted a two year extension to Phase A of the licence by the UK North Sea Transition Authority ("NSTA", formerly the Oil and Gas Authority). A 'Drill or Drop' decision is now required on or before 14 July 2025 .
The extension has been made via a Deed of Variation to the Licence, which stipulates an additional commitment to acquire a minimum of 30 square kilometres of 3D seismic data.
Jon Ford, Technical Director of Baron, commented:
"We are very pleased to have received this extension, having worked persuasively with our joint venture partners and the NSTA to justify this further technical work programme aimed at completing the 3D coverage over the Dunrobin West prospect and gaining further insights into the prospective reservoir. The aim is to further reduce pre-drill risks and volumetric uncertainty before re-engaging with potentially interested third parties in respect of drilling an exploration well.
"We are grateful to the Licence administrator Reabold Resources and the NSTA for their efforts in establishing this way forward for the Licence, which recognises the quality of the technical work achieved to date and the progress being made towards the potential drilling of a relatively low cost and low risk exploration well on a material prospect."
Uggy i think Boil are quietly confident they will eventually get a farm out a lot of time and money has been spent on that license in particular and the events of the last few years with geo political events have made investors,governments and firms have to be nimble about their investment criteria. I would rather listen to BOIL directors and UPL directors than these two. I had egg on my face last year when i defended them after they stated they were in talks for Dunrobin farm out , just around the corner (probably you were one of the dudes i was arguing with).
They did know of the water disposal well issues and lied to us all by saying they were merely waiting for a permit, not that they were involved in a legal case revolving around the waste water permit.
Even the tipsters like Mike Waters, Malcy and industry insiders were in the dark, so they even lied to them BAD MOVE.
Morning all and thanks Uggy.
I can't disagree with anything you have just said except Dunrobin i still think they can farm that one out and maybe sell off a couple more for what they paid for them.
Yes i am stunned that they were talked into Daybreak and as for the lying , i was actually thinking about you at the AGM in my previous post.
Topping up is a risk but a risk i am willing to take as i believe we will get the Shell money, but once we have that i will not be adding under any circumstances and if we get past my breakeven point i might well sell half my holding. ATB.
i think they did well with cali investment and drills, but then got caught up with local politics when trying to get a waste water well permit and then had their hands tied in drilling further wells which had been identified as producers as what is the point, but getting involved with daybreak was a disaster i feel they should have sat on their hands as it looks like they will get the judgement in their favour so they jumped out of the frying pan into the pot influenced by that dude who tried to take us over with his cronies as he holds 40% of daybreak.
parta a good move, but they could not have anticipated the operators deciding to concentrate on austria a lot of money to have tied up though £5 million over the long term it should come good i.m.h.o
corallion another good move apart from the colter drill and it cost a good few million as it would not matter if they discovered a billion barrels of oil they would never have been allowed to produce the oil as it was smack bang in the middle of a marine reserve and an area of outstanding beauty, but they had no choice on that one.
victory was a lucky bag, but i do not believe for one minute they could have not got many times more for the license so a massive failure. picking up the remaining licenses for 250k a good move they will be able to offload most of them at some time for a small profit.
l.n.e an insane decision no more said.
simwell again crazy when you have w.n to fund.
now the biggy w.n a great decision and company maker, but they have handled it dreadfully if they had taken more industry professionals in rather than let raithlin go their merry way there would have been no need for further funding and we would not be on here ******** as the company would have been wrapped up by now and we and they would all be minted.
they said five years get all these projects proved up for sale and we will wrap up the company instead they are grabbing salaries unheard of in a loss making penny share and have decimated the share price. i put some of it down to bad luck , but most of it down to personal greed in not willing to take a lower salary until the company was a proven business model,arrogance in not willing to take advice but worst of all a total disregard to their shareholders and prepared to tell outright lies and smile whilst doing so.
i am still adding at these prices for a number of reasons they have bought at far higher prices themselves, i believe w.n will come good though at a far higher cost than it should have. i think parta will come good and i am hoping that they can offload the bag of north sea licenses at a small profit and get out of cali at breakeven. i have brought my breakeven price down from .86 to .28 by these top ups over the years. atb