Member Info for WordSpaghetti

The one with Lunn sitting as a 'shareholder' or is it consultant now? I didn't find it very useful and many questions which were very relevant were just deflected.

Oh sold out of polx on the spike last week - with a profit so not complaining. I am tempted to see how low it goes and keep a few million shares for the private co though but I'll let the SP drop to nothing first prior to the 23rd.

I was actually

nothing about the value of the asset whatsoever unfortunately, however much you'd like to advertise it was mentioned.

tragic

New Uncle.

So basically, you don't know. and don't want to tell anyone because then it'll show that you know nothing and are paid 10p a post to big up the advertising on LSE.

Problem is I've got adblocker. shame for you that. I was hoping you'd be able to actually inform the readers of this board all this information. But you have just proven you don't know anything.

Would be funny if it weren't so tragic.

Zag

coming out of suspension is directly equal to the RTO as for the RTO to succeed the MCAP must be £30m and above.

You don't really think they'll let anyone get back to trading before the RTO, do you?

Go on then. enlighten me.

Enlighten the board for once in your life.

What do you know what noone else does?

PLX? what's that?

Zag, I am truly sorry that you don't understand. I did make it as simple as possible.

New Uncle

All I am stating is the MCAP requirement for the RTO to be listed on the LSE's main market. £30m.

I don't much care how they will raise £4-£25m to do the drilling program - and that's not even including the surveying and danger money. You know that figures because you quoted it back to me m'boy.

New Uncle thinks that shareholders shouldn't know the anticipated value/reserves/cost to extract from the potential Ukrainse assets.

couldn't make it up.

So far I haven't read any RNS that states these figures, or what's in it for us. Plenty of wishwashy PR calls though.

Any value known by anyone here on what the assets in Ukraine would be worth? no?

So we don't know how much RMD Group owns of Ukraine license.

And we don't know what Ukraine assets are worth - except the lasst known transaction was $1, AND now there is a war on with a nuclear superpower.

Good stuff. Some real experts on here.

So far Assets == $1. so you need 7.5bln shares to hit £30m mcap

Nope? didn't think so.

Well, anyone? what's it got? No info from the co so far. - just 10year info from 2015

There are many companies whose assets are greater than a value on the balance sheet yet the MCAP is still below that value.

Oops..

you plum.

Djm1 - yeah haha maths. Most of these people think it's for putting on your ears. Ear maffs.

1bln shares is approx 10x diluation from current share issuance.

Following GM if yes (if you like getting wodges of cash and throwing it on the fire to keep warm) it would be approx 4.5x to get to 1bln (from 230mln->1bln )

SP at 10x dilution: 9.55p -> 0.955p assuming Texas was still good as at 31/07/2024.

How does that make you feel if you invested above 0.955p? How do you feel if you invested below 0.955p?

If you invested below and still think think "I'm alright guv'nor" then think again. The above ASSUMES that the Texas wells have not been shafted by the entire BoD for the previous 18 months - all so Stephen "I have no conflict of interest on PQ or Texas in my role as Chairman gov'nor (please Carrick take this cash as you witnessed Anton's will)" Lunn and pals can ride off into the sunset with the Texas assets. Likely SP on return will be 4p or less, so apply that to the 10x dilution and you get 0.4p.

Still ok?

Ok so what if we use Richard's statement that the RTO must be £30m to satisty UK market listing rules as an RTO is treated as a new application and main market only allows £30m and above (unless you are a transition company). That means we need shares issued to be able to add up to £30mln MCAP. If we are at 0.4p at 1bln shares that's only £4m. oor eerrr miss.

So £30m/4m=7.5 ratio.

So actually you need 7.5 X 1billion shares=7.5billion shares to approach £30m at a SP of 0.4p/share. or 15billion shares at an SP of 0.2p...

Otherwise, oh mathematically challenged LSE board, where do you think the £30m that PPP must have to RTO into RMD will have to come from?

Wonder what the FCA and LSEG will do about these trolling accounts - screenshotted - if they wanted to get in at 4p perhaps they should have gone for the prepaid warrants!

comedy gold

DV - 100% agreed with you there - also was in back then and made a tidy sum. No warrants further will sell I reckon until we pass 8p again so it's just a bit of time and some further news (weekly by the looks of it) from the co. GL

And apply them to some of the depths in the plots shared by Delta - my estimate is that.

Of course if you say "oh it's free to drill a well to 3000m" then you're lying.

So. What price would you put on a single well to be drilled?

New wells cost between £4m and £25m depending on the depth of them. Go on, do some reasearch.