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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Reabold Resources Plc | RBD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.0825 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0825 | 0.0825 | 0.0825 | 0.0825 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 22/4/2024 15:46 by steelwatch In my limited experience, E&P Cos don't necessarily fanfare relinquishments in general, particularly the likes of Enquest, Serica and Providence, the latter of which made numerous relinquishments over the years on the quiet, necessitating close scrutiny by shareholders and emails to confirm suspicions. Generally, the tendency is to tag the relinquishments on the end of other updates or periodic general updates. BOIL I feel is rather the exception as regards Dunrobin. In the case of UPL, they did in fact tag same on the end of a general monthly update. We shall see whether or not RBD ever drop the relinquishment into a broad update at some point, or whether it has to be dragged out of them. |
Posted at 18/4/2024 09:08 by nicosevos RBD. 9 mins in....Trader's Café Daily Review #BulletinBoardHeroes #DAX #DOW #BTC #Gold #WTI #AEX #BOIL #BHL #CHLL #EMH #ECR #GDR #PET #RBD #SNG #TYM #UPL #UJO |
Posted at 17/4/2024 07:23 by nicosevos C&P XZaks Traders Cafe@ZaksTradersCafe 15h Reabold Resources (RBD): "Seller Out" - rising January trend channel base. Shares above 50 day moving average for the first time since December. Price channel top target 0.1p by the end of April while above 0.06p channel floor. #RBD |
Posted at 03/4/2024 13:45 by nicosevos He follows a couple of my others, ATM, AXL...RBD is a new one for him. |
Posted at 15/3/2024 12:13 by likeawalrus it's all very odd uggy. rbd said WN drill will cost £9m, £9.4m and £9.6m all in the same presentation. I estimate rathlin has about £3m cash so they are at least £3.4m short. rbd has £9m cash, so what's the hold up? they could buy 1/6 from rathlin for - say £1m and lend them £1m so rathlin is then fully funded for their 3/6. rbd has the cash to fund 2/6 and still have £4m cash and a loan to rathlin of £1m. there must be some way to thrash out a deal in a timely way, just like wressle, something smells off. |
Posted at 18/1/2024 08:43 by likeawalrus unlocking WN is key, perhaps a farm-out partner can be found by Rathlin in tandem with a RBD deal, alternatively Rathlin sells 1/6 to RBD for a nominal £1 in exchange for a £4m loan. That way Rathlin is fully funded for the remaining 3/6 and RBD is fully funded for their 2/6. There are so many ways to do a deal, it will be fascinating to see if RBD extract a pound of flesh |
Posted at 05/1/2024 10:23 by likeawalrus it's fascinating watching this saga (debacle?) unfold, it's hard to know what to believe but after years of spin I have voted for all resolutions. Based on all the promises rbd is hugely undervalued but words are cheap, plus I have exposure to WN through Union Jack. if WN is drilled, UJO is on the hook for 1/6, if it isnt drilled exposure is minimal, whereas investing in rbd is a roll of the dice on wn and colle santo,if both succeed - happy days, but that's a huge leap of faith. Despite all the ongoing issues, rbd is worth a small punt sub 0.1 imo |
Posted at 06/12/2023 12:33 by triskelion I'm having difficulty understanding the timetable for the EGM. The reason I'm trying to get a grip on it is because we are in that time of year when things may disappear or be overlooked among the Christmas/New Year festivities.The RNS (Number: 3763U) that RBD published on 22 November (not visible on my online retail broker's Share news etc page for RBD) appears to have been in response to a valid (at last!) service of the requisition on that date. The RNS contains this phrase: "The requisitioned general meeting has been called for the purposes of considering the below ordinary resolutions which if passed in their entirety, will result in the removal of the entire existing board of Reabold." This wording is unhappy; does it mean the Board has actually convened the EGM (in which case why no Notice of EGM showing in my broker's regulatory news page for RBD) or is it just slovenly language which rather perhaps should read "The general meeting has been requisitioned for the purposes..."? Either way effective service of the requisition was as stated on 22 November which means so far 14 days have elapsed. Companies Act 2006 section 304 states the board must call a meeting-- "(a)within 21 days from the date on which they become subject to the requirement, and (b)to be held on a date not more than 28 days after the date of the notice convening the meeting." (Extracts above etc from the Government legislation website text of the Act and I assume not changed). As regards the minimum term of notice I see a number of provisions appear to regulate e.g. para. 50 etc of RBD's Articles filed at Companies House 2 March 2023 labelled there "Memorandum and Articles of Association" but in fact comprising only the Articles without the Memorandum; and Companies Act sections 307 and/or 307A which I don't have time to drill down through now but I am assuming may require at least 14 days' clear notice. So it appears they have to get a Notice of EGM out on or about 13 December and (tentatively) the meeting will thereby be scheduled to be held on ~27 December earliest or latest ~10(?) January 2024. My online broker has said "...usually meetings tend to be added to the online Broadridge system 3-4 weeks ahead of the meeting. Please keep an eye out for future annoucements from the company for a meeting date, once the meeting date is known and uploaded onto our online system you should be able to submit your voting instruction...." which I assume will broadly reflect the situation at the other retail brokers. Also it seems "virtual" general meetings may be held. PS: presumably flagged here already but I note a video posted 19 September 2023 on the Shares Magazine YT channel is entitled "Reabold Resources (RBD) - Sachin Oza, Co Chief Executive & Stephen Williams, Co Chief Executive". My pennypacket holding hasn't inspired me to spend time watching RBD promotional material but I may do a bit now at least to get a feeling for the demeanour of the lead players in the cast. |
Posted at 29/8/2023 17:03 by likeawalrus here's a reminder of the questions I sent to malcy last month - hopefully he will elicit some answers from slick & slickerI understand you are trying to interview Reabold Directors wrt the recent LNenergy deal. I have looked closely at the deal and have some questions which I hope you can put to them. First some facts. as at 30.09.2022 LNe had USD246k cash and a USD500k investment in the option agreement. as at 25.01.2023 James Stafford owns 167 LNe shares. the RBD presentation says "Low risk, small scale LNG development concept" Q. Is this the same J Stafford who owns oilprice.com? Q. Are the board aware that the Abruzzo region is prone to strong earthquakes? Q. How can the project be 'low risk' when permits are not guaranteed and LNe has a mountain to climb to secure Euro30m financing? Q. Why did RBD choose to invest in the company rather than wait for the permits to be granted and then farm-in? Q. Surely it's better to invest only if they have permits, albeit at a higher expense? Q. If permits are refused, RBD will own 16% of a company with $246k, £750k, 810m RBD shares and a worthless option. Whilst clearly a win/win for LNe shareholders, why has RBD chosen a high-risk deal structure? Q. RBD has the option to increase ownership to 25% but why has RBD given LNe the option to choose shares over cash???? this could mean RBD has to issue about 1.5 billion new shares, this is madness! Q How can a tiny company like LNe raise Euro30m? If they farm-out Colle Santo, RBD's investment is significantly diluted, if they have a placing - same result. Q. Are there any restrictions on when LNe can sell the 810m RBD shares? Additional, unrelated questions Q. Why has RBD restricted the buy-backs to 6m shares per day? Q. How close is Rathlin to securing the necessary investment to progress West Newton? |
Posted at 30/7/2023 15:27 by likeawalrus sent an email to malcy today - hopefully he will include my questions if he interviews RBDI understand you are trying to interview Reabold Directors wrt the recent LNenergy deal. I have looked closely at the deal and have some questions which I hope you can put to them. First some facts. as at 30.09.2022 LNe had USD246k cash and a USD500k investment in the option agreement. as at 25.01.2023 James Stafford owns 167 LNe shares. the RBD presentation says "Low risk, small scale LNG development concept" Q. Is this the same J Stafford who owns oilprice.com? Q. Are the board aware that the Abruzzo region is prone to strong earthquakes? Q. How can the project be 'low risk' when permits are not guaranteed and LNe has a mountain to climb to secure Euro30m financing? Q. Why did RBD choose to invest in the company rather than wait for the permits to be granted and then farm-in? Q. Surely it's better to invest only if they have permits, albeit at a higher expense? Q. If permits are refused, RBD will own 16% of a company with $246k, £750k, 810m RBD shares and a worthless option. Whilst clearly a win/win for LNe shareholders, why has RBD chosen a high-risk deal structure? Q. RBD has the option to increase ownership to 25% but why has RBD given LNe the option to choose shares over cash???? this could mean RBD has to issue about 1.5 billion new shares, this is madness! Q How can a tiny company like LNe raise Euro30m? If they farm-out Colle Santo RBD's investment is significantly diluted, if they have a placing - same result. Q. Are there any restrictions on when LNe can sell the 810m RBD shares? Additional, unrelated questions Q. Why has RBD restricted the buy-backs to 6m shares per day? Q. How close is Rathlin to securing the necessary investment to progress West Newton? |
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