Member Info for Uggy100

Manwell=themost respected poster on this bb imo

Ok RNS, lets put it another way. With the running costs involved do you think they would bother unless they´ve got something worthwhile ?

Not really Rubey, back in the day I believed in their business plan. Events have jaded my view as I´m sure it has for many. Yeah I´ve been critical recently as I have every right to do so. If you don´t like it that´s tough, continue your love affair with Heid, means nothing to me.

Not denying that Rubey but we're still on B1z right now, when finished its demob & then ovet to the A site to test there. Fair to assume that on completion of that the data is "plugged into " the current cpr which we hope is up to date. Even so thats not a 5 min job. I'm happy enough about end of Oct, I just want the persistant seller to fek off. I also hope for an update when B1z has cocluded. Think thay at least owe us that.

Don't think it ll be Sept deemule. Looks to me like end of Oct at the earliest to me. We should all know by now that ti.ing predictions here have always been utter tripe.

Well we already know there´s liquids & gas down there. Commerciality is key but we wait for Rathlin to update us. I remember DB saying they were slick & quick, tbh I´ve found them to be neither.

That would be something that the entity that we sell to would have to deal with you troll.

They´re pretty much committed to testing A2 whatever the findings are with B1z. We already have data from A2 so the testing should be easier. I´d say any RNS with respect to the B site to be low key anyway simply because Rathlin operate that way, as a private company they can sail serenely on with complete disregard to our investment in them, they simply don´t care.
With regard to our dynamic duo, they won´t step down, what they will do is wind RBD up & realise any value. If that is the case it´s because they went in too heavy handed on WN thereby destroying their original business model. Anybody who reads my posts knows that I´m not a big fan of them, they have always adopted a rather cavalier attitude in their decision & risk management process (if they ever had one).
In short their egos wrote cheques their bodies couldn´t cash & from their background that´s shameful behaviour.
I´m not saying it´s game over or, indeed, anything like it. I think we have the gas component anyway but have to wait & see re the liquids. Maybe it comes in & we multibag from here (which is a very low level).
Our BoD have consistently kept us in the dark as much as they can, patience wears thin hence the situation we all find ourselves in.

Rumours of equipment being packed away. So EWT completed ? If so perhaps we can expect an RNS soon.

Porky, I get where you´re coming from but its very difficult to plan for future acquisitions whilst we don´t know what the real cash position will be. Courtesy of DHSC, yet another shambolic government dept. that is not fit for purpose (as are pretty much all of them). Clarity is needed to allow us to define our strategy. It´s an absolute disgrace that this Govt. is destroying the prospects of Uk co´s whilst sub standard products are being waved through. Due, no doubt to politicians involvement with said companies.
It all stinks.

Well we don´t know how many sellers there are. This shambles has been going on for months & although some sells have undoubtedly been C EIS holders there appears to be an underlying theme to choke off any demand for the shares.
It isn´t being helped by Rathlin playing secret squirrel & many of we lth´s know they would rather tell us nothing. RBD are the majority shareholder & should be trying to push for more info due to the substantial overun on the EWT (to be fair maybe they are to no avail).
The sp is further not helped by our BoD´s attitude of radio silence on any other assets.
I think it was Harryshang who posted a while ago that, in the event of success at WN our dream team have seemingly sleepwalked into a potential hostile takeover situation.

As always just my opinion, I´m not a ramper/deramper, just a longstanding & increasingly pee´d off shareholder.

scriven, headwinds yes but not insurmountable. The value of RBD´s increased Victory stake will be worth more than the current market cap, add it the gas only (if commercial which I believe it will be) should be worth more than V even on a base case scenario. So I would guestimate from just the gas on the 2 projects to give us a mc of over 1p, Then we have the liquids at WN plus other assets to add in.
On that basis we are well undervalued in theory at least. This is despite the efforts of the 2 fools in charge to foul things up.
That doesn´t detract from the fact I regard Dumb & Dumber as a pair of arrogant, egotistical, & unaccountable pair of buffoons.

Some bounce eh ! Yes it was a good RNS as they needed a jv to progress the Disko project. However their main concern should be to drive forward on Dundas, perhaps now that Disko is out of the way they can concentrate on the main event. The mine optimisation for Dundas would have been contracted out to an independent contractor (I assume) so what the fook is going on there ? As for the financing, well it appears we have a BoD that is unable to multitask. When did that lying toad RM say Dundas would be in production back in the day ?
I also note that despite the nice rise today we are still nowhere near the price said toad sold a load.

Can anyone post a link to twitter showing the gossip out there ?

I might add that I now find them completely inept.

Buy the dip ? where is that gonna be then. What we really need is for the 2 shysters to stop improving their golf handicaps & sort out how to actually prove up sh value. Something I doubt they care about.

Changing the subject slightly I note the RBD website has not been updated to reflect our increased (& expensive ) increase in our C holding & therefore an increased value. I´ve sent an e mail via Camarco about this but a bit of professionalism by the heavenly twins should be expected surely ?

Good news. perhaps our BoD would care to keep its shareholders up to date. Instead of sitting on their backsides & thereby allowing the sp to be shredded.

Well we´re talking about Rathlin as the operators here. Whilst I completely agree about transparency those guys major in telling investors as little as possible.

Question.
Have our BoD gone on an extended break to the Bahamas to congratulate themselves for achieving no forward progress ?