Rialto Eng Share Discussion Threads

[treacle32] 26/11/2013 09:15

447,000 new buy order appeared on the book again at 2p having been part filled yesterday.

[gwr7] 26/11/2013 08:30

Good luck with that. I converted an average of 1.4p to 2.6p and money can be made speculating on this. I've said all I have to say on the thread apart from hope all investors here have a good Christmas and a prosperous New Year (apart from Treacle the skunk ;-)

[mr macgregor] 26/11/2013 08:08

This will go quickly to 2.8p.

[house atreides] 25/11/2013 18:59

ASX chart looking good, small ascending triangle forming on the larger trend line, looks like a breakout within a few days and test of resistance at around c. 45c

[treacle32] 25/11/2013 15:36

The 280,523 UT trade is part of the 447,000 buy order on the order book - some of it filled and 166,477 shares remains.

Still 3 on the bid, 2 on the offer.

Not sure why ADVFN intra-day graph is showing a drop when unchanged.

[boz2112] 25/11/2013 14:49

Would you be angry if Rob got his 7.2 million shares? I wouldn't because I'd have more then doubled my money!

[boz2112] 25/11/2013 14:48

As long as Rob keeps doing his job he can keep his 7.2 million shares, Rialto would be dead if it wasn't for him. His earnt his keep by slashing the costs from 11 million to 5 million. I did think the share price targets were on the low side however but I've discussed that elsewhere.

[boz2112] 25/11/2013 14:32

I don't see why you are all surprised about this? Vitol own 65% of Rialto IC so they get 65% of all profit. Recoverable cost will make the profit come quicker though so don't worry.

[treacle32] 25/11/2013 07:49

From CCE bb....

Kev0856153
25 Nov'13 - 07:41 - 2405 of 2406 2 0

superb posts treacle. Stockologist is, in my opinion, the most dangerous troll currently operating on this website.

[stockologist] 25/11/2013 07:42

oilbuy
13 Oct'11 - 09:09 - 1823 of 1918 0 0

another example of the management thinking only of themselves . its a give away ! 2 years waiting on nothing and probably the best licence in east africa ( block 7)

bones30
13 Oct'11 - 09:10 - 1825 of 1918 0 0

Yes, remind me exactly what DPL has achieved this year?

Because of all the fannying around sentiment has tanked this. So +40% is still hardly fair value for the licence at this point.

[stockologist] 25/11/2013 07:39

From DPL thread

oilbuy
28 Jan'12 - 23:32 - 1908 of 1918 0 0

Private investors sold up the river here , the most valuable east african assets given away for a song .

bones30
29 Jan'12 - 01:06 - 1909 of 1918 0 0

oilbuy, its looking that way isn't it?

oilbuy
29 Jan'12 - 13:06 - 1910 of 1918 0 0

Yeah a disgrace , shareholder value my eye ! Ill bet theres more that 1 billion recoverable reserves of oil on block 7 . With a valuation of 100 m for block 7 and that was at the cheap end of the scale . 20 million for 20% a give away .

[stockologist] 25/11/2013 07:37

Is this starting to sound like Shepherd is doing a DPL mark II ?

[foxx999] 25/11/2013 05:23

Don't forget, as well as vitol we had the fundraising dilution as well. Finding this too hard to value with not enough information on the vitol deal so I'm out for now.Sounds like minimal value left for rialto - just exploration upside and you can get that much cheaper with bigger prospects elsewhere.

[cougar99] 24/11/2013 23:21

GWR7 - don't be shy - tell us what you really think about the Vitol arrangement ;-)

Don't forget this from announcement concerning Accra Block in Ghana made on 8th May:

In return for providing the facility Vitol will receive a 20% interest in Rialto Energy (Ghana) Limited, subject to receipt of all required Ghanaian regulatory approvals

[yorkie14] 24/11/2013 17:53

Nesty you can Bed and Isa your holdings but bear in mind any gains made would count towards your capital gains for this year. I believe the threshold is about £10,900.

[nesty1760] 24/11/2013 15:35

Would I be right in saying I can put my RIA holding into an ISA?

Though would have to sell holding and then re-purchase into the ISA?

[gwr7] 24/11/2013 12:35

The best CEO on Aim has given Vitol 65% of their only CDI block and $85m worth of recoverable costs in return for a loan? I'm waiting for confirmation that Vitol didn't get their hands on the recoverable costs. Until then it remains the worst farm out deal I've ever seen and possibly the worst ever.

[treacle32] 23/11/2013 15:23

Rob Shepherd - IMO best CEO on AIM.

-Appraisal development portfolio
-15 blocks drilled in the area and 14 have flowed oil and gas
-Vitol - no nonesense, let's get on with it
-Gazelle - First gas project
-Coporate oyster cards to travel round London rather than cars
-Other larger opportunities & synergies (Vitol)
-$120m dollars or so financing - first $50m from Vitol and discussions with banks on the rest
-IFC Shareholder - Part of World Bank - desire to see domestic gas sold
-Good shareholders register & to build on it - JP & Blackrock long cleared out
-New consultant review to come on resources - a long list of things to address

Full 27 minutes of video....



- Bought £140,000 worth of RIA shares now this year too

[house atreides] 23/11/2013 11:06

Post edited - was being argumentative for the sake of it.

[treacle32] 22/11/2013 20:15

Hi Yorkie,

Nothing indeed, although I found the article posted this morning from 2 days ago which again made reference to "dual listing being reviewed".

Rob wouldn't just make the statement and I'm sure he'll enforce/dimiss it soon and maybe once new company name takes effect.

I suppose that's what could be causing uncertainty on the other side of the pond to would be buyers - i.e. whether the listing is going to remain or not when such a comment of "dual listing being reviewed" has been made.

I personally wouldn't be buying shares on a listing that is not 100% to stay irrespective of a matched bargain facility being made available as some companies do - this is just not the same.