Member Info for Simon_Said

Minor correction (coffee needed...):

Simon Thompson is also due to write up the last trading update (delayed due to absence) and will almost certainly write up the interim results when they arrive (he generally writes up every results release by Bango).

Good volume too. Looks like either a little leak somewhere, or one of the II's increasing their position.

160p was the low baseline for some time so it makes sense to see a return to that region at least. We are only 3 weeks away from interim results, at which time Bango told me they 'expect' to be doing significant press around whatever figures they're about to announce.

Simon Thompson is also due to write up the last trading update (delayed due to absence) and will almost certainly write up the trading update when it arrives (he generally does for every update).

Bango has been out of the investor limelight for some time, but there are so many developments on the cusp of reality (more EUS doubling, increased revenue from data products including Audiens and Boost, the impact of more Google Play migrations and all the new deals continuing to be signed apace) that I feel this is merely a temporary breather. Thus I have retained my holding through the dip we are just emerging from.

That should have said ' ... the asset's value to the parent company/share price goes from ...'

Given any strike on a Reabold asset is intended to lead to an eventual sale of that asset (with a few exceptions), the long term NPV is directly relevant as it gives some guidance as to the sale price. Additionally, upon discovery of an oil resource, traditionally the asset goes from discount of NPV to multiples of it. Thus again, this figure can be used for some ballpark calculations.

Lol. Persimmon doesn't hold any shares. I just cannot believe anybody would be so mind-numbingly stupid as to come on to a public forum every single day to trash-talk a share that they hold. I refuse to believe anybody is quite that level of moronic.

Set aside the fact that he's made a range of comments over time demonstrating a fundamental lack of understanding of the business model, and an obsession with 'calling out rampers' every time somebody says anything at all positive about Reabold.

Let's not let him take over yet another day's posts, eh? Signing off.

... to the great contributions here recently. Earache for adding a fascinating new angle to all things SQM, Fingers for reminding us that the lithium oversupply story is in so many ways bogus.

Oh also to add - though EMH is certainly a junior in capitalisation size, the potential overall size of the Cinovec mine is significant, even to a major. This affects both the LOM (Life Of Mine) economics and the appeal of the project to a consolidating buyer. Remember that all numbers we have so far are based on 'phase 1' early exploitation of a limited portion of the mine. That is for reasons of capital restraint - a constraint that would not be an issue for a larger company.

I agree antelope, I have always thought there was a strong possibility of EMH being bought out. They will be kept around to realise the project (considerable expertise and some infrastructure already there) but not as an independent company. Definitely could happen.

Really this SQM sabotage attempt all falls apart once you remember it's based on very controversial low lithium forecasts that no dedicated market analysts appear to agree with. If anybody here does agree with those forecasts, they ought to have sold already.

In any case the 'threatening' low cost they're citing is not out of the reach of Sonora or Cinovec, due to their unique properties (Sonora's low processing cost and Cinovec's accompanying tin and strategic position).

I commented on a Simon Thompson article last week and noticed he responded. He is still aiming to write up Bango's trading update shortly, he's just running behind because while he was on holiday, many of the companies he covers released updates of varying kinds.

I also spoke with Bango directly who reminded me that the interim results are coming in September, and that they expect to be doing a lot of press around that time.

As for share price movement, the low liquidity of Bango shares (most are not traded but held by the BoD, institutional investors and long term PI's) means the share price moves dramatically on any trades in either direction. This means patience is sometimes required during 'quiet times' between news, but historically it has rewarded investors come news time with some very healthy growth.

2018 has been rotten for Bango's share price overall, but there is far more going on now to back up a higher share price than there was when this was last trading at 260p. They are run-rate profitable, and will be net profitable in 2019, with soaring end user spend and a new data product in the works (utilising their acquisition of Audiens) which will be highly lucrative given the low running costs of data products. Additionally, there will be revenue from Audiens which has its own projects.

If I were you I would have asked Keith to take a look before putting that here and providing troll-fuel.

I note the costs of $4k/tonne LCE, which is the same LOM figure that Bacanora are giving for Sonora. Doesn't seem too ruinous for Cinovec, especially given the tin credits that will radically reduce the overall extraction costs from the mine.

SQM also repeat the widely-disputed low lithium demand forecasts, purely because they rather bizarrely want the price low in order to corner the market. That does not make those forecasts correct (just ask Joe Lowry).

We are now mere weeks away from Keith finally having somebody to actually talk to at the Czech government and get things rolling again. Meanwhile lab optimisations are ongoing as I understand it.

I suspect this will continue to be deathly quiet until it's anything but.

That's sad.

They could choose to dispose of their interest after a discovery at one or both of the wells at Parta. The discovery/ies would increase the value of Danube Petroleum, so Reabold could sell their stake at profit if that made sense at the time.

This is the case with any of Reabold's planned assets. They are about proving resources then making a decision to either hold for production or sell their stake depending on the individual play and circumstances. The CEO's talk about this in almost every interview and conference.

As usual Persimmon has no idea about the actual business model so makes generalised, vague negative comments about the industry, never anything specific. Always 'because it's O&G/'has resources in the name', things will go badly'. He has never to date made a specific comment about Reabold Resources business strategy. Except that time he got all excited because he thought Corallian had gone out of business when Carillion went bust, lol.

I encourage new users to check his post history to see what I mean. Always generalities and this assurance of his own wisdom. Pure puffery.

Oh really 'Petr'? Did you have some fantastic insight about the placing that somehow could have forseen what neither the company nor its investors did? Were you aware of the Morgan Stanley report concerning US and Asian investors?

No. You are always negative on all lithium stocks, and when prices go down for any reason you come in to show off your great 'wisdom'.

I'm sure you make great fortunes from being unpleasant to people on the internet.

Malcy's blog today writing up his interview with Steve Staley. Definitely inspires confidence in the Wick prospect:

https://www.malcysblog.com/2018/08/oil-price-savannah-upland-rockrosebahamas-petroleum-and-finally/

... Thinking about next news.

Dewatering of the 4 workovers at Monroe Swell ought to be done with shortly. I am expecting a combined stabilised flow rate figure next week.

The drilling about to spud at West Brentwood is expected to take 2 weeks, but I expect we'll hear news before then with analysis of cuttings on the way down. You can be sure if there's oil coming up in the spoil they'll want to tell us about it.

Also now appears Wick will spud at the end of next month, so should start to hear more news from that buildup soon.

And of course we continue to expect new asset news. S&S talk about it in almost every interview and RNS. I strongly suspect 1 more asset acquisition is yet to be announced in this 'Phase 1' of the new Reabold, more in-line with the planned £1.5m target price (though they have shown they're happy to deviate from this when an opportunity too-good-to-miss turns up).

Colter and Wick are offshore, thus unaffected. RBD has no onshore UK exposure right now.

Nonetheless shows central gov't are encouraging oil and gas exploration here as we are importing far too much of our energy mix at present. So it's all good.

Fantastic to see the rig on site and upright already. Spud will be imminent. Anyone new to US oil plays will be astonished by the speed these crews move at. Very different over there, as these crews are in constant demand all over the country and thus highly experienced and polished. I used to be in HNR and was always amazed how fast the drilling companies worked.

That is a slight, understandable misunderstanding - Colter is being drilled from a temporary jackup rig some 5 kilometres offshore. Regardless of 'hit or miss', the well will still be plugged and abandoned, but in the case if a discovery the oil will most likely be accessed later horizontally from Wytch Farm by Perenco. This would involve sale of the license, at significant profit for Corallian and thus its 32.9% shareholder, Reabold.

Ok... Somehow thinking Reabold shouldn't have made investments in the Corallian and Gaelic because the 'order of the drills' isn't sequential in resource size is too silly to warrant a proper response. So here is an improper one.

Sausages.