Member Info for Simon_Said

The email was to me from Camarco. I won't share correspondence but feel free to contact them yourselves. No placing.

All this crap about paid rampers and derampers... I don't believe any of it. It's just people talking up their own book on one side, and a sort of amazed shock and in some cases bitterness on the other.

The key here seems to be that the dilution from the EGHOS deal would mean that, in order for the share price to rise, the market cap would need to substantially increase. This can make sense for companies in situations where placing funds are used to enable high revenue activities. But this is just to service old debts and fund existing operations, it's not enough money to be transformative.

So there isn't really any win for shareholders here. I think it's a nice business, it's just not a multimillion pound one, and the association with Sefton is a real source of downward pressure on the share price - like David Lenigas, whatever you think of these people, the fact is their name being associated will harm a share price.

I don't like posting negatively on any share as I don't want to contribute to other investors losing money. But in this case it seems like getting out now might actually mean losing less money.

I took a loss here and believe me I feel your pain, holders. But we can't just be lambs smiling into slaughter.

Thanks to the last few posters. Decided to sell as it seems in order to account for the dilution, the mcap here would have to get to levels that well exceed a reasonable valuation for the company. I think it's a nice little business, but that isn't necessarily the same thing as a good investment. Stomached a small loss (sub 1k), not thrilled but out of optimism here. Sorry to post negative but do owe thanks to some here.

Not known for sure, but the vast majority of that last raise is not spent. All work so far on West Newton has been from the original operating budget. Additionally they had significant cash before this raise. So I'd assume over £20m cash. Applying any value at all to their existing assets puts this at a discount to net asset value, which is pretty bonkers for a company at this phase. These are the mad market times we're in.

Ooh yeah Persimmon you really got him there! A few weeks totally makes that irrelevant information about a different kind of drill from 'less than 4 months ago' a real stinging point. Lol.

You've sold then?

Ha - another common fallacy, this time the 'rights' one. Yes, you have the 'right' to do that, just as you have the 'right' to hit yourself in the face with a hammer. It doesn't make it productive or conducive to better results.

Directing your ire, privately, at the board - yes, that might help. You'd feel better, and you might even manage to influence them.

Directing it to a very popular messageboard - what is that going to achieve, other than helping move sentiment down and encourage people to sell?

Before you rage reply to this, please do think carefully about what you are doing. You are not Persimmon (who is a plain idiot).

LOL he's back with another dodge. Once again you got caught out so you move the subject. You are hilarious.

'Making excuses' is a clever little phrase, because it means any argument in favour of something doesn't need to be reviewed for its efficacy and can be shrugged off as 'excuses'. It's a logical fallacy but quite an effective one to the untrained eye.

Each to their own buddy. At least I don't sit around trashing something I hold stock in. The true definition of wasted time, that.

PDSM... that's a lot of words to say 'the share price is too low'. Well yes.. that is why we are buying them.

This part of the market has been depressed and Reabold is not immune. That, along with some delays and some poorly timed leaks and it's been a rough ride. But the portfolio has never looked better. I hope you sell, as you are obviously unhappy and ought to take your own advice on how bad you think this is. Personally I topped up on RBD and UJO this morning.

Hahah ANOTHER Persimmon screwup - 2 days in a row this time! Sharon - what is wrong with you? Do you actually realise how pathetic you look to so many people every day? What kind of weirdo has this as their hobby? You quoted mad numbers from 'Simply Wall Street' yesterday and when called out just threw off irrelevant insults rather than show any elegance in admitting fault. Today you try again with an outdated an irrelevant article. What is your problem? You are a real sack of crap.

That 300 is from September. It's almost 5 months old.

If you check Share Information on Reabold's website, the old number is there - 2%. So this is definitely a big rise, from 2% to 6%. Show of confidence!

Ruffer add shares, going from 2% to 6%. The transactions were completed on Friday, which explains the large buys we saw going through that afternoon. And no news followed, so the concerns people had here about an unfair leak were unfounded. Just an II taking advantage of slip in the price.

LOL I love when Persimmon reveals his silliness. This is as bad as when he confused Corallian with Carillion.

'Simply Wall St' is an infamous spam blog and its figures are all estimates. It's literally a running joke among investors. That website is part of a network of spam finance blogs that automatically generate stories using a well known and crap algorithm. That's right - automatic - as in they extrapolate data feeds into stories and robots make them into articles. Anyone who has been in this game more than 10 minutes is well-aware of this.

You think Stephen and Sachin earn $814k a year? LOL. The real figure is less than a quarter of that. Go ahead and ask them via their PR reps at Camarco - they're a public company, it's not a secret. You seriously thought they were paying themselves almost a million pounds a year each? In a pre-profit, public company? Jesus.

The fact that you used Simply Wall St as a source says it all about you. I will never let you live this down, lol.

The Rathlin update was not a waste of time. People are spreading rumours that there are deeper problems and they have reassured investors that this is all, in fact, the humdrum needs of getting regulatory approval windows to match up with equipment availability.

It seems to me they are implying that the regulatory delay caused some key equipment to become unavailable. Certainly some items have been on-hold for some time in preparation, and any number of those leases may have lapsed.

There is also the possibility that the regulatory delay was caused by certain parties in the project being unable to prove they had sufficient finances to see the project through to completion (no, not Reabold!). Certain approvals to progress the project will likely have clauses about sufficient capital being available, to reduce the risk of stranded projects. This is certainly the case in the USA, where some states have very heavy regulation around this (I believe even some have bond programmes?) to fight the very real risk of cash-strapped abandoned holes.

'In my experience these types of releases when analysed say much more than apparent at first glance.'

Oh look, another Persimmon post that implies instead of actually saying anything. Honest question Sharon - do you actually realise you're doing this? It's always the same thing - innuendo, with no courage of your convictions.

As always, you'll reply with ad-hom rather than provide any structure or detail to your supposed point.

Additionally, I'd love to know which 'main men' are earning 'tens of thousands' every month. Certainly not Reabold's CEOs, whose salary is certainly a pleasant living but nowhere near that absurd number. But again, you're not a man fond of detail.

Looking at price movement through the week and the strange action this afternoon, it looks to me like a large holder sold out, and somebody else with similarly oversized 'cojones' bought back in. The week-on-week price is thus roughly the same.

As much as I'd love to believe a great news leak was underway, I think it's likely more pedestrian.

During that time a great deal of capital had to be raised to fully exploit the field, and it's strongly believed that at least one of the partners was severely distressed. Between that, equipment/sourcing time, the inevitable Christmas holiday related delays and of course waiting for various regulatory body permissions, the delay becomes somewhat less baffling. I don't know what more malign explanation people think applies, but the company have consistently stated that there is nothing else going on and if those were false statements, they would be risking custodial sentences for misleading the market. Rather unlikely.

They don't seem like buys OR sells! Too cheap for buys, too expensive for sells, when you consider the volume. And the price has moved up, but not rocketed.

There isn't enough evidence to make any assertions about this. But the time stamps on the trades are very uniform which suggests a single party.