Member Info for Uggy100

Yes it does, the market clearly has problems with our 2 vastly overpaid ceos abilities to do the job.

Didn't expect anything more than them talking about what they wanted to with no embarasing questions being asked.
I like the way they dumped the npv10 numbers on shareholders as being unrealistic when they were the ones shouting it from the rooftops at every opportunity.
It's always been about WN since the end of 2019 when they threw the kitchen sink at it thereby diluting us to hell.

I tgink pretty much anyone could.

The 2 fools couldn't run a bath.

Yep they'll sell out but at what price ? We all know their constant referal to npv10 numbers are garbage & their negotiation skills are crap as well.
They have failed their shareholders under any metric you care to use but don't care as long as they take their cash.

Ain't that the truth !

No deemule any traders are making money out of a weak & inexperienced bod.
Nigel I'm not sure if throwing darts is a valid 'strategy' by the 2 numpties although it does appear to be the case !

I'm not sure there's a potential ceo out there. Who would want to take over at this basket case of a company ?

They seem to be taking an awfully long time over the microturbines.

They seem to make a lot of bad judgement calls. As for being a bit out of kilter I would say basket case to be more appropriate.

Everyone should know by now that the 2 bozos will say anything to get out of a difficjlt situation.
Whilst its possible that funds may be available for a divi I think it would make finances a bit tight & thats assuming there are no extra expenses incurred due to their 'rich suite of assets' !
Not to be trusted for sure & should be got shot of.

Prolly because there is at least some confidence amongst their investors. Unlike here with our 'management team'.

So when are the wonderkids going to give us an update bearing in mind their promise to engage more with shareholders ?

I don't think anyone doubts the potential of WN. More likely that many pi's question the competency of Rathlin. In any case looking at the end result of the project, the cost is enormous so, in the event of a successful horizontal it will be sold.
At what price nobody knows although we all know looking at the dynamic duos npv10 valuation is ludicrous.
I doubt we will ever know the price per therm we got for Victory but it can't be ant more than 17p per therm.

P1D0, yes Oza I believe.

Not when it comes to their salaries !

Originally the plan was to buy stakes in the operator companies so that we could have a say on projects. Fine in principle but as the 2 fools are indeed clueless it defeats the object.

With a track record like our underwhelming duo it's hardly surprising there is a dearth of new investors.
Their silence on WN speaks volumes. No rig contracted for a drill we hoped to have starting in June ? They havn't got the backbone to tell us there will be a delay.
Parta ? They seem to be doing their best to airbrush it out of existence rather than being honest with us.
Daybreak ? They will never asmit they got taken for a ride & lost shareholders funds.
Simwell I've already covered.
North Sea ? Inner Moray Firth looks interesting if the JV's can pulltheir fingers out. Laxford looks ok to me & needs a draft FDP to be able to market it. The rest are marginal imo.

Persimmon is right about the content in a roadshow, just a waste of time & money with no meaningful questions ever being asked.

The conduct of the 2 clowns over the years defies belief.

Buying Simwell was a totallu unneccessary folly further highlighting their ineptitude, they really have lost the plot.
Rumours on the DELT bb that the testing ship is returning to port after just 11 days. Certainly not good news if true & could mean the quickest loss making deal ever for us (surpassing Daybreak).
Any decent company would have got shot of a ceo with a track record like theirs. Failures wherever you look.
At least one of them (preferably both) need to go asap.

Their promise to engage more with shareholders is really working well though isn't it !

My guess is none.