Member Info for Smythery

Alternatively, RBD is on the cusp of finally proving up its key asset - an asset which has now been independently verified by a major US investor with a track record of spectacular returns - and is very sensibly looking to maximise its exposure to that asset

Lol - earlier this year you said they’re going to place in June/July because on your calculations they’re going to run out of money in Q3/Q426. Now we know they’re funded to Q227, so now you think they’re going to place in…… nope, still July

Itsawrap - why would they want to drag this out? Pls don’t give me the old Persimmon “lifestyle company” guff, the co-CEOs and family (inc Rohan Oza) are the biggest individual holders in RBD by far, there’s no incentive to delay things. The UK regulatory backdrop is an utter disgrace and has been a huge reason for the endless delays, though that all said it surely wouldn’t be too much to ask to at least talk to us long-suffering shareholders and update on what’s going on

Welcome back Kat, feels it’s been ages! Which I guess is why you’ve already forgotten that the CEO said that Ilika has enough cash to last until Apr 27 - which means clearly no need for a placement this year. Happy to help.

Daniel - bit disingenuous to not add that the release specifically goes on to say that those numbers are provided for context only and won’t be used as the basis for negotiations?

Nevertheless, Daybreak stake surely valued at zero in RBD SP currently, so any proceeds at all would represent upside. Then with updated WN timeline surely coming any day now and Data Center news flow alongside it, plus US OTC listing (allowing US retail to follow one of Rohan’s investments for the first time) and Colle Santo concession award both due in the coming weeks we should be set up for significant gains in H2

And latest Proactive interview with Graham where he says

1 - They have cash for 12 months, though no doubt katstrangler will be along in a minute to claim (for the 8th time) that they need to raise in July

2 - That they have commercialisation ops ongoing for the the 10Ah Goliath prototype, though no doubt katstrangler will be along in a minute to claim that they don’t

Itsawrap - why do you think they need anything from the NSTA? As far as I was aware they just needed the permit variation, which they got a while ago. I may be wrong though

Kat - some integrity please. Your whole “Ilika need to raise now” schtick was based on your calculation that cash would run out by/in Q4. The cash balance today show you’ve got your sums wrong. Don’t just keep saying the same thing when the facts have clearly changed, it’s embarrassing.

Why 6-9m for CS concession award? Already had VIA and EIA sign off which were the important hurdles, concession award is a rubber stamp. Beacon say they expect it over the summer, so likely 3m max.

Getting very bored waiting for updated WN timeline - get on with it already!!

It’s not though is it? You’ve been saying this since 25p, so perhaps focus on the fact you’re still 44% offside, rather than “explaining” why shares have given back 12% of what was a c65% rally over the prior 5 weeks.

Here’s an alt - you thought they were going to place at 23. Shares are up more than 50% from that level.

Ilika will place again in future, that’s all but certain, but your argument that they should do it now makes zero sense. Give it a few months and thus time for 1) positive feedback on the latest Goliath iteration 2) new contracts. Shares could easily be up another 50%+ on one or both. No reason at all to go now, as I’ve said many times, but I look forward to you ignoring this and saying the exact same thing about the need to place now in another week’s time or so

But if you want US retail to be able to buy - and they will want to follow Rohan Oza in his first ever public investment - then it has to be done

You keep saying the same thing Kat, and I keep giving the same response - if they have cash for 6 months then why raise now rather than wait for customer feedback on Goliath, which they obviously expect to be good and if good will boost the share price?

And you’re also completely wrong about RBD’s exposure to WN being a non-starter without progress on environmental impact and community engagement. They need none of this for the shares to go up, they just need to show that they actually have figured out how to get WN gas to flow. And they have the permits variation they need for this already, and the funding too.

Thanks for that Paulo, but I suggest you read my comments again, a bit more carefully this time, before saying I’m talking rubbish. The “rubber stamp” comment was relating to Colle Santo in Italy, not West Newton in the Uk

For them to get round to it. The Via Commission is the one that makes the decision to allow the concession or not

Paul - I don’t think you understand the process in Italy, the Via Commission decision was the important one, the actual concession award is a rubber stamp and only a matter of time. And Meloni’s government are pro oil and gas anyway.

Proquo, that was a joke. I’ll keep my Latin humour to myself next time!!

Did you put in a few quid Proquo….?

Hi Paul - what makes you think CS isn’t going anywhere?

Same question WN, what do you know that Rohan Oza - a highly successful investor who, as far as I can tell, has just made his single largest financial commitment to any investment ever - doesn’t?

Why would they raise now when they have cash on the balance sheet for months and are awaiting customer feedback on Goliath?