Member Info for Simon_Said

To be clear MARKET overreaction - not you Rover! :)

Silly overreaction - Rachel was great but it's not the same as losing Ray Anderson or Anil Malhotra. The company direction won't alter because of this.

Sad to see Rachel go, I've always found her very communicative and passionate about Bango. But she has been there a long time and this is the tech industry, after all, so best of luck to her in her future endeavours. I will miss the nerdy finance email exchanges!

Given the healthy state of the business and significantly larger scale than they've ever had before, I expect they'll be able to attract some serious talent to take over the CFO reins and oversee the company's shift into profitability and a more bifurcated revenue stream.

Hi wellwell. There is indeed revenue now, with the old-fashioned workovers producing 70BOPD. VG3, the >200BOPD well drilled recently, is undergoing completion works so the proper revenue won't have started yet.

With the workovers and VG3 both up revenue will be more substantial, however the real 'meat' is yet to come - those are the 2 smallest projects on Reabold's current roster. The next drill lined up is Monroe Swell which is some 4x the prospective resource size as VG3 and has already been substantially derisked by the success of the nearby workover programme. This should be the most productive well yet for Reabold, and represent a step-change in revenue.

The losses incurred before this are of course usable as tax offsets against maiden profits for the business when they arrive, so they are valuable in their own way.

Been digging in to the trades a bit more, it's interesting. Volumes are really low, it's just that MMs seem to move the bid down very rapidly on tiny sells. This is happening on many stocks, not just RBD, and particularly in O&G. I'd venture many people reading this have other resource stocks suffering the same right now.

I think this dip is less to do with individuals selling than a risk-off approach from market makers right now and an attempt to not hold too much stock, quite possibly due to the nervousness around Brexit negotiations.

Whatever the cause is, anyone actually looking at the trades couldn't possibly call this a 'sell-off', there just isn't the volume to support that kind of reading.

Trying to pick up what shares I can for the recovery when the new deal/s is/are announced.

I look forward to the next time we get results which will show income from the initial wells! For now, big questions around what such a huge cash accumulation is destined for. There is evidently something on the horizon beyond what we've been expecting, and whatever it is might explain M&G's willingness to stump up so much cash for shares here. Also I note some posts yesterday suggesting Gaelic selling down some of their shares. Stephen assured me they don't expect Gaelic selling for quite some time - they took shares rather than cash because they wanted to benefit from the success of all their assets, and as I understand it will likely wait for all/most of them to be drilled. They sold their assets but didn't divorce themselves from them. There is a reason.

D14 - I won't write any more about the old horse on here but sufficed to say I have been out since the True deal. Had to drop a few stocks in last few months when profit was kicked too far into long grass.

AIM is a bit of a dog recently especially this week. I really don't think RBD taking a dip has any more sinister reason than that.

I have learned there is a danger in 'over-reading' movements as much as under-reading. It's why like you I have a huge watchlist these days.

Yes I still look at our mutual share purely out of interest, but market-wise sadly appears to be a lost cause.

I chose Reabold for that money instead because of its diversification and its more direct approach to talking about money.

Hello D14, I remember you from another life!

What brings you to these parts? This is where I went after our former mutual share.

Hello M boarders!

My holdings as well as my watchlist all looking rather lackustre the last week or so. I know this board's members take a broader look that the individual company boards, so curious if you lot are seeing it too and what you feel might be the cause.

When every BB is people saying "Why are people selling now, this makes no sense" I tend to assume it's not a coincidence!

Persimmon, who claims to hold shares here, ladies and gentlemen.

Either a liar, or a moron. Or maybe both. Probably both.

'Who's BMD'

You going to pretend you didn't get caught out there, buddy?

Lol he makes a big mistake so comes back with a different silly argument.

I have passed from irritation to amusement. Go again!

Those are net to Reabold, genius.

All of those NPVs are modelled on $55 oil IIRC. Currently 47% over that for Brent!

What a crass and simplistic statement.

If you are an O&G firm, Romania is an excellent place to operate.

Now the trolls are just jerking each other off making things up, lol.

I would say 'just sell your shares then' but they aren't holding any, they're just pathetic losers who do this for kicks.

Lol yep one little dip on a day where AIM is broadly shite and that's it - pack up shop, everybody sell! Who cares if there is an enormous drilling campaign getting started, tons of cash in their bank account and a host of prestigious institutions backing them? The price dipped. Sell your children!!!!

I for one will miss Kennethy's invaluable contributions to this board.

He's gone and done a Ryan

Yes always wise to sell a share just as its main campaign of drilling and acquisitions starts.

Lol