Reabold Resources Share Discussion Threads

[likeawalrus] 14/3/2024 11:07

it's 2 weeks since rbd gave us an update on WN via RNS - but not a word from Rathlin, seems odd

[uggy100] 12/3/2024 15:31

As Grey Panther mentioned earlier on LSE. ALL our licenses/projects are valued at zero. How did we let that happen !

[uggy100] 12/3/2024 11:27

Yep & still they're in charge !😭

[likeawalrus] 12/3/2024 11:06

uggy unfortunately 80% of the shares voted to continue with these clowns, surely the big investors cant be so naive as to believe their endless bull? what do they see that I dont? fortunately my breakeven is fairly low compared to many so I'll be selling into any recovery. spending circa £40m on various assets for a £12m return is not good business...

[uggy100] 11/3/2024 21:24

Law, SW has always been frugal with the truth & I'm not surprised he used somewhat false information as that seems to be his modus operandi. Quite how the Nomad let's them get away with it is beyond me. Remember the Malcy interview when they insisted they would have the permits for early production in 2023 & small scale production early 2024 ? An outrageous lie, that together with uncertainty over WN.
funding is killing an already ruined share price
Only 2 people responsible, SO & SW, they are just a pair of shysters who have no right to be CEO's.
CURRY, I have no idea how they got 80% of the votes, its a travesty.

[currypasty] 11/3/2024 16:25

25m dump at 0.6p what a disaster

and the majority voted FOR this shower..

[likeawalrus] 11/3/2024 08:07

I think there's a good chance CS will be granted the permits but as you say debt finance may be an issue. The Euro 11m-12m pa is based on a gas price of E.45 mwh, well below this price for over 4 months, current price E.26 mwh. The recent RBD presentation still quoted E.45 mwh. Although the current price has no bearing on future profitability it must surely make raising debt finance more difficult.

fyi at E.26 mwh the E.11m becomes Euro 6.35m pa (x 90% = Euro5.7m pa)

[steelwatch] 11/3/2024 01:19

Last we heard law:

"LNEnergy’s primary asset is an exclusive option over a 90% interest in the onshore Colle Santo gas field"

Presumably fulfilment of said option depends on conditions precedent being met?

Edit: Oh, and LNE raising the required debt finance.

[likeawalrus] 10/3/2024 19:40

evening all, I have been monitoring the Italian website re colle santo. new documents filed on 8th March
"Scale LNG Project" and "Staged Development Project" - Development project of the "Colle Santo" natural gas field

what's curious is that the docs regarding a "preliminary assessment" were filed by "CMI Energia s.r.l." not LNenergy. first filed June 2022 updated 08.03.24 so perhaps LNe has taken over the application.

[uggy100] 09/3/2024 15:15

I suppose I'm fortunate to have missed the post before it was moderated ?

[wotts] 08/3/2024 23:52

Yep Steel, he's around the same par as JackD and Zero, architects of this scam.

[steelwatch] 08/3/2024 21:40

squire - best stop the provocation.

[uggy100] 08/3/2024 17:47

Yep, tragic isn't it soul.
Mind you. The 2 scam merchants still get paid a Cartland.

[soulsauce] 08/3/2024 16:33

Will the last one to leave please turn off the lights 😏

[uggy100] 07/3/2024 22:40

Squire
This is hardly the environment to get a good deal is it. I would imagine that if a 3rd party was to get involved it would be highly dilutive to our shareholding in Rathlin & I think that's a big ask.
FYI I drink in moderation & have never taken drugs, not that it's any of your business you insidious creep. Get back under the rock you crawled out from.

[squiresquire] 07/3/2024 19:14

Hi Uggy

They will get on with it when they get a good deal. Thats complicated for your poor old addled grey matter to comprehend. Leave the booze and dope out of your diet for a few weeks and the entire world will look different. But maybe not.

[likeawalrus] 07/3/2024 11:07

“Smiling as the ship goes down, the Chuckle Brothers of decline, dreaming of Colle Santo or maybe just a quiet life in Surrey, not having to justify their vast salaries.”

[uggy100] 06/3/2024 20:40

Law, you're right on CS not providing us with cash flow which is desperately needed. If they can get that project moving then maybe its possible to sell our stake & exit. Lack of clarity on WN is dreadful, we know Rathlin has been looking for funding for over a year, we can bail them out so they just need to bite the bullet & get on with it. I've had enough of the sub standard management here. The pair of them are an utter disgrace.

[currypasty] 06/3/2024 18:32

shouldnt affect RBD, or W.N. the speed we are going, no chance of vast windfall profit in next 5 years

[steelwatch] 06/3/2024 17:31

EPL extension leaving present from Hunt:



Unlikely to have direct effect RBD, but bound to have weighed on the sector. Worse to come from the opposition.

[currypasty] 06/3/2024 15:00

Half price to cash. Are we being primed for something. Perhaps the two are looking for a cheap buyout for themselves ?

[likeawalrus] 06/3/2024 14:04

it's all about cash-burn now, the snake oil salesmen have run out of ideas. Colle Santo has a chance but making money from that project is years away. WN may be drilled but if RBD bails out Rathlin the cash will be gone in 18 months.