Member Info for Smythery

“Squid”’ lol

Heid - if the EA approve the WN permit variation do you promise to take your trolling elsewhere and leave us all alone?

Just an utterly pointless comment - of course we need news, that’s how this works. We need news on the Beacon fund raise, on the CS concession award, on the West Newton permit approval, on whatever Rohan has planned next. All this upcoming news is being valued at £10m in the current share price, and you say the valuation is toppy. Lol

Weird, when I write a dollar sign it deletes the rest of the post.

Absolutely no way Rohan Oza is buying less than a million dollars of RBD and then sitting there doing nothing else. Zero chance

All these options are currently being valued at about GBP10m. Laughable

As I’ve said before, there’s nothing to stop RBD selling the future cash flows from CS to someone else to realise value now, and/or the stake in Beacon (lock up allowing), or indeed someone else buying the whole project.

Personally I’m genuinely baffled that anyone would sell now. CS over the line, WN permit approval any day (as soon as the lazy sods at the EA get round to it), but most importantly a huge new investor which gives proper momentum to the Data Center development at WN. Absolutely no way Rohan Oza is buying

Very strongly suggests that last few days’ buying has not been Rohan, which is great as it means other sizeable buyers are following him in. And if he has indeed stopped buying for now then am willing to bet that’s not it - a player of his size isn’t going to bother getting involved in something like RBD for

The Beacon deal is a very important step in financing CS, especially given options with Italfluid and Gunvor. De-risking the project means potential for RBD’s 25% cash flow stream to be sold. Its 29% stake in Beacon can also be monetised at some point, though not seen the documentation so don’t know about the lock-in period

Paul - I’m referring to West Newton. It can’t move forward from a regulatory perspective until the EA awards the permit variation, or from a financing perspective without the Beacon money

What’s it got to do with case law? My understanding is we’re waiting on two things

1) Regulatory approval - the EA still hasn’t approved the permit variation, having now sat on the consultation documentation for over two months. Incredibly lazy.

2) Funding - the Beacon Energy fund raise for the LNEnergy deal. Beacon AGM for this is on the 24th Dec

Announced a share consolidation and calls an AGM for 24th Dec, rationale for which will be posted on the website today

RBD now trading at. £4m market cap i.e neither CS deal nor WN are going ahead. Hard to see why Beacon is holding and AGM if the deal isn’t happening though….. guess we’ll find out later

Pretty reasonable given price action to assume there’s been a big seller out there for a long time, hopefully the high volume on the recent Beach announcement largely cleared them out and shares are now free to price in the good news on CS. But my optimism on this thing has been disappointed so, so many times…..

>£400k was traded on the day of the announcement and the shares started +50% and ended barely up, then have traded back down since then. Before that they were flat every day for a few weeks. If you can’t see that this means there’s been a very big seller sitting on the stock for a long time now then there’s no hope for you. That is where the opportunity comes from.

You’re assuming they don’t sell the stake in CS. Or sell the stake in Beacon. Or generate any cash flow from the bitcoin scheme at WN. Or progress WN and sell it. Which may be right, or may be wrong. But framing the only outcomes as “making no money for 6-7 years” or “going bust” isn’t really correct is it?

Stanleyb - based on your comments and use of emojis I’m guessing you’re Persimmon’s teenage son….?

The bitcoin scheme is to monetise gas from the existing well

stock, it’s not going to be used for gas from the main development (assuming it ever happens)

Gotcha - am no expert, but we know the locals object to CS, they objected to it for 18m. That was the time for legal arguments. And they lost. Also Heid said the Via Commission wouldn’t approve CS (“Kamran an Andrea warned you”) which was incorrect

Why not?

Most important approval gained for Colle Santo

EA likely to approve the variation permit for West Newton in October.

Shares reflect neither. Maybe that’s right and both are worthless, but either one could also be worth multiples of the current share price. Both co-CEOs committed significant amounts of their own cash to buying shares in recent months, which doesn’t seem like the actions of people that don’t care about the share price. We’ll see.

Yes fair point, those licences are worth zero now because the owner, building contractor Corallion, went bust. Or am I thinking of Carillion? Can you remember which Clown didn’t even bother to check which company was which before announcing that Carillion’s collapse was a major negative for RBD?

Clown.

The whole point of the environment assessment was for the VIA Commission to consider all these factors. This was the time for all the exhaustive counter arguments against the development to be presented. They were, the Commission considered them all, and has given its favourable opinion.

As is obvious to everyone who understands the process, or can simply read an RNS i.e. pretty much everyone except the Clown Troll Persimmon.

“Everyone knows that the key towards eventual production is not the environmental (EIA) release as positive as it is, but the major step which is the acceptance by the VIA Commission report. Without this the project is doomed”

Everyone knows you’re both a Clown and a Troll Persi, but I had at least thought you could read - the RNS states “Positive opinion received from the VIA Commission”