The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Hard as it is for me to say and swallow it does seem, that is what the market values our assets at zilch.
We will hear from ADX at the end of the month if there has been any progression with Parta as they were looking for investors and funding etc.
Boil are trying to progress Dunrobin since last year so we should hear more from that.
Daybreak is a K.S company, so we can now write that off completely.
The market also obviously does not believe in W.N or C.S.
Also striking is that at this SP none of the BOD are picking up shares and the share buyback has not restarted the mind boggles.
To say I am perplexed is an understatement.
And so apparently as the non core assets as far as the market is concerned although SW disagrees, but can't be bothered to argue as he believes they have value.
The mind boggles.
It is his job to convince the market of their value and to attract investment.
I will wait to see the ADX update on Parta later this month in their results as they haven't thrown the towel in according to last year's statement.
Kamrans Daybreak I would allow to fall into receivership just to screw him over for all he has done to this company and it's shareholders.
Dunrobin BOIL will do the legwork and are doing so doing the 3D seismic and attracting a farm in, so just sit back and wait.
I agree no more money to be spent on these assets, but they still have to attempt to extract value, either by farm in's or sell them.
Rather surprised we are not a lot higher, but general apathy towards this company remains deeply rooted and not without reason and the 25 million sell didn't help.
Having said that I still think the share price is a steal at this price with all the assets they have even if they are in a hiatus with them A.T.M they still have value and we are still valued less than the cash.
So just to cheer up my detractors praying for my down fall along with R.B.D, I have added again today, the first time in six weeks actually.
The whole board need's to brush up on their P.R skills and get a few more institutional investors on board.
A.T.B
Afternoon NVG
I agree with you if we had a decent take over proposal and from a decent outfit, this pair would be gone or at least Williams and keep Oza on board as he and his family have put their money where their mouth is.
However we will have to wait and see if they can snatch defeat from the jaws of victory yet again with a few decent prospects. ATB.
Jack
I don't bother reading the dross anymore, just add them all to the green coffin club.
I see that BOIL have just done another fundraising due to their dire financial situation, which could play to RBD's advantage regarding Dunrobin as a lot of work has been put in there over the last nine months or so.
We just need a tory government in.
Lenin
I agree with you however there are quite a few avatars on this BB who have never owned a share as the recent episode has proved and they have disappeared into the ether.
The reason I have filtered some of the others is not that I disagree with them entirely, but that they keep posting the same comments many times a day and it get's boring.
I believe Stephen Williams is the problem in this set up.
Anyway back to relevant stuff looks like BOIL will up the ante to get Dunrobin farmed out now as they will need the cash to take their Timor play forward (good news for us).
Have a nice evening Lenin.
Hi NVG
Guess they are referring to me, by your comments.
I originally bought at .86 and they quickly shot up intraday to 1.25, wish ii had taken my profit then TBH.
I am fortunate enough to have made substantial profits over the last twenty years on GFM, GKP, SPT,IRG and JRV.
I put them all into a SIPP independent of my work pensions and am now drawing on it each month, I only buy modest amounts twice a month and quite frankly the attention it draws leaves me bemused.
My money, my choice.
I don't buy expensive car's or clothes have always lived modestly and earned a good salary my hobbies are inexpensive gardening, reading, dog lover and music, so I find it quite bizarre that people I have never met criticise my financial dealings.
Is this finally our year and Dunrobins, etc,etc.
https://aberdeenbusinessnews.co.uk/agcc-secures-energy-profits-levy-concession-to-protect-north-sea-jobs-and-investment/