Member Info for Simon_Said

https://twitter.com/croasdale01/status/1047484049588211714

This is one of a number of leaked slides around showing projects S&S have been considering. They are actively shopping for new assets.

'We were expecting to have spudded a few wells in September and now we are into October with no news. '

What are you on about? All the workovers and VG-3. No news?

Bit confused by your posts this morning Luckyman. Have you sold?

Fairly sure the main reason for last night's event was that lots of TP clients have bought in to Reabold in the last few placings. It therefore made sense to do a meetup (good on TP for doing this kind of thing for PIs). I assume the decision to open it up to non-TP-originated RBD shareholders was to mutual benefit as both parties get exposure.

I think the share price guessing game is silly (note the lack of my name) however equally silly is calling 1st of October 'Christmas'.

Quick RBD quiz for you Nelson, how many drilling events does Reabold have before the festive date is upon us? We'll leave aside the huge cash reserves and strong likelihood of a new acquisition before then too.

You are a very silly boy.

The new CFO will be in-place next Monday and will work with Rachel for 5 weeks to ensure a smooth transition.

Now if people will stop pre-emptively selling we can get on with the actual business of... business!

Any raise would be a small amount to cover the short period before major project work commences. Truly minuscule and there are other ways to finance that kind of sum without issuing a paltry amount of equity. Would have little impact on anyone either way.

The bulk of the finance they'll need will be at the point where project construction is ready to begin. Of course getting to that point will mean the politics have been truly and decisively solved with the issue of a mining license, and at that point the share price should significantly increase as people try to get a piece of what should turn into a sizeable mining company.

The granting of various licenses over the last week has removed any concerns I had and I really couldn't give a rats bottom-cushion if they need to scrape together a tiny bridging sum to get across the line.

First one I've missed in a spell, so will be very grateful to anyone in attendance for any commentary they can provide. I'll be refreshing regularly!

Don't know why people are worried about this - Keith won't want to raise down here, but if he's forced to he'll raise the absolute minimum until project finance is the main topic and the share price is much higher. There won't be some huge placing at this price point, there would be no need for it! If they need to do it at all (may not happen depending on funding arrangements) it won't be for very much money.

To add to that, 0.5% is a nice conservative margin figure given some digital DCB transactions are 1-2% and physical goods are fractions of a % (due to the higher overall transaction value which would make a higher margin push the purchase price too high).

If anything, 0.5% overall margin may be slightly too conservative but the figures work even with that and a relatively conservative PE ratio for a company growing at this pace.

Very secure here despite the silly price wobble. I'm quite sure nobody *actually* thinks the CFO resignation has any negative implications for the company - but they all believe that other people do think that, and are selling defensively. This will correct nicely on resumption of the positive tear this company has been on lately.

Yes Sharon you managed to mildly irritate a bulletin board again. Bravo. Your mother would be so proud.

*talking

Lol so desperate to deramp he's taking to himself! Can't make it up.

Regulatory progress clearly back on track and conversations with financing entities too. Massive day for this company and very pleased I held on. Price only 21.95 at time of writing. That lag between the evident restoration of the Cinovec project's former solid status and the share price recovering to MOU-era levels strikes me as a very healthy opportunity which I will continue to exploit as finances allow. Full steam ahead!

For the record I believe price predictions on AIM are asinine and I never participate. Still no need to be a jerk about it. I prefer to just stay out.

No mystery why the price dropped off! It dropped because people got concerned when the CTO left. Will recover when an appropriate replacement is instated, if not sooner since so much good news is in the pipeline.

If the new CFO comes with real pedigree it'll be a real show of strength and progress for Bango. I look forward to the appointment.

They may come to the market for additional funding but I suspect they'll try to find alternative funding methods untill the share price recovers. Doubt they'd give away equity down here. The rapidly improving political environment and the better mood around the future of lithium supply/demand should provide robust support for the share price here near term and I expect when a more solid and official political statement emerges, we'll be really back in business. 'Keep the lights on' cash needs aren't massive for their company so any eventual placing would be minor and fairly immaterial to current shareholders. In terms of larger project funding, KC has had the benefit of watching BCN's fundraising disaster and doubtless is thinking much more broadly about how to move ahead. The metallurgical/flowsheet improvements and changes to end product output mix are all helping improve the ROI which will be crucial when offtakers are sought to start building the capital for construction etc. I am very happy to continue to hold here at the highest level I've had in a long time.

Been on the road all day, just catching up. A few points of order: - To those talking about the cash cost of the rest of the California drills, it doesn't all come off Reabold's cash balance. The income from the early wells will be used to drill the later ones. Given VG-3 produced more oil and more gas than expected, the exact cost of all these in pure cash terms is not known now. Part of the appeal of the Gaelic acquisition was the rapid payback from these shallow wells - that rapidity is what allows the capital to be reinvested to help fund additional drills instead of entirely funding through spare cash. - Whilst permissions for Colter and Wick are not in the bag, it's absurd to interpret the rig contract as anything other than a very powerful sign that the permitting process is going as expected. Indeed citing articles about Bournemouth councillors remains an irrelevance, as they have no jurisdiction offshore. Colter, and indeed Wick, are permitted solely by the OGA (and EA et al), not locally. And as long as all relevant regulations are followed, there is no reason to suppose they'll be impeded. Again, going to the trouble of signing a rig contract doubtless means some assurances have been received by the various operating and farmor parties.

Solid looking report there. MM seems to have dropped the bid on a single small sell, bizarrely. Shouldn't think that will last.