Member Info for Snaffleman

I am still convinced that the Market took at least an additional 3 million off the market Cap when they used the word "pleased to announce" in the second EWT RNS. They must have been be out of their minds to include that word in the RNS
The current price reflects market anger and some might consider in view of the current position with Victory that is well worth a punt at these levels.

Uggy100 I am an honest no agenda investor in RBD and like you want my investment to be a success although I have always understood the risks. I have been appalled by the lack of information provided by S&S. Even by the diabolicalical standards if aim the availability of information has been very poor. I am surprised to be on deemules filter list but I have posted in moments of despair and might have offended I blocked persi ages ago as he is a common garden nutter too pathetic to read his garbage. RDB will recover imo and we will see a 5 bag from here imo.

Why were they pleased to release the RNS?

Does anyone hold any reasonable hope that if the Victory CPR when it arrives is good that we might see even a minor recovery?

Well said canchat

Cloves in the end I guess it's about results not trust and the first EWT result was obviously very disappointing to say the least. Like you I am a genuine investor and want nothing other than RBD success. Whilst I have at times succumed to the relentless negativity I remain invested and have what I consider to be reasonable hope that this EWT will be a success. Nobody is blind to the risks after the first result.

I agree it is so refreshing to see genuine informed discussion around important issues. Thanks GP and EXP

Barking have you lost your mind you cant say something positive on here

It is unusual that BMD has not released any updates in respect of progress with the EWT. On second thoughts he has already announced that WN is a duster so I guess that does not leave him with much to say other than "its still a duster"

We we warned to expect pond life like you once SAVE became higher profile. Your odious garbage is not wanted here but alas the board will be infested with your likes before long.

Hard to believe that the market was attributing zero value to our Niger assets. Surely that is about to change big time when we relist. Thanks for the great post MT

I vote for c

Selfish thanks for the link However I get a message saying that this channel does not exist. Maybe the link will work at 2 00pm I will try again then.

Selfish well said I totally agree with you

AK stated that he expected us to increase the percentage of the Nigerian has market from 10% to 15%. by the end of 2021 I can only assume as there have been no RNSs that we may be struggling to achieve that target by the end of 2021. Perhaps there will be some good new in the imminent interims

Gengis it is ironic but Selfish just posted a useful informative post and you have immediately responded by blocking him. Sadly most of what is posted here is childish nonsense.
Couple of thoughts this morning:
1. Where are the director buys at this price
2. We are all in the same boat you either capitulate and realise a big loss or you wait for the next EWT RNS which has the potential to completely change sentiment and sent the SP much higher.
3. I am continuing to hold but I understand that if the next RNS is bad the SP will fall much further. However Victory has the potential to move us well north of where we are today but you would need the stomach to wait for recovery

The reason is nothing to do with Zinwald. I am worried about the possible Domino affect that might happen following what looks like the inevitable bankrupcy of the Chinese real estate corporation Evergrande. If reports I have read suggest they cannot service $300 billion of debts placed with up to 171 banks. On balance of risk I am anticipating a sharp market fall and hope to buy back into Zinwald at a lower price. Also I was also warned that the lack of a detailed milestone programme with timescale commitments has not been received well. I still believe Zinwald is a good long term bet and even if it falls it should be well north of here in a couple of years.

Thanks Manwell UJO should have made that clear via their RNS. The view that I put forward has been discussed on the UJO bb and many believed it hence it may have contributed to the selling.

Manwell,
The UJO placing worries me in that why do it now if there is a reasonable chance that the second EWT is likely to be a success. They only have to wait maybe a month and in the success case they could then do a placing from a far higher SP. To move forward with the placing now sends the message to the market that on balance of risk the current EWT is unlikely to result in success and a subsequent increase in SP hence why they are (potentially) moving forward with the placing before the results of the EWT are known. As you kindly advised me previously the first EWT results should not reduce the chance of success on this one. Glad to hear any contrary views and hope I am wrong

But why do before the second EWT result at WN if they have any confidence in a positive result they could raise at a much higher level This is an honest question and nobody has answered it so everyone will assume that they are expecting the worst. Hence the sell off at RBD

Can we confirm positively that it has started? How long is it expected to take? Looks like lack of official information remains the order of the day. The SP cant be low enough for them yet.

The timing of the UJO potential (guaranteed?) placing worries me for obvious reasons