Reabold Resources Share Discussion Threads

[ileeman] 13/10/2018 22:17

Well if you done 10 secs research you would know they are sitting on £12million+ cash, almost half the mcap lol

*facepalm*

[sandcrab2] 13/10/2018 20:45

Isn't the problem here that they have no access to cash from their investments until one of them graciously decides to pay a dividend?

Until then it's placings ahoy

[ileeman] 13/10/2018 15:50

To be fair they have released a ton of news over last couple months, share price been knocked a bit so retail get flustered.

Over next 6 months or so its obvious what will happen, over 6 drills will get drilled and a good chance 3-4 drills will hit. Nearly all drills are worth multiples of market cap at $70 oil and with no risk of discounted placings it has been an easy decision for me to load up on the dips.

Colter might get delayed into early Q1 2019 but the beauty about this company is they have so many drills it makes a very minor impact on share price. This isnt a one and done drill company and it is easy to see the market does not like risk at the moment so makes RBD a perfect choice for investors.

They are aiming for 12+ drills over next 12-18 months, might get dips on share price but with patience this will be multiples of market cap. Surprised more didnt load up sub 0.8p and I wonder if insitutions are eyeing up loading additional shares open market, food for thought.

[luckyman3] 13/10/2018 06:17

We need some encouraging news this week to get us back above .85p
Well overdue news hopefully this week.

[divmad] 12/10/2018 20:05

Oh yes it has.

[ileeman] 12/10/2018 08:47

Spot on, patience will pay in a big way.

Surprised no RNS this week on Monroe, website presentation states in October so should get one soon aswell as asset news. One thing is for sure is that 0.7-0.8p will not last long.

[dandadandan] 12/10/2018 02:35

Big US sell off.
It is time to strike that US Oil deal RBD.

Buy them up while they are cheap as chips.
Plenty of cash waiting in the Bank as a 'window of opportunity' opens up wider.

S & S have patiently waited for this one.
It cannot be much longer.

Follow the money and just be patient.

GLA.

[ileeman] 11/10/2018 12:14

Bought antother 1million should show up soon, not printed yet.

Seems everyone has gone into hiding lol

[alamaison5] 11/10/2018 11:51

Cash: and what is usually follow is; a market correction.
And it's already started. Which means back to square one. 7,000 should act as a bottom for now. When it bteaks, it will, then 6,300 will follow suit. The relative "strength of the pound, is not gona help either.

[cashandcard] 11/10/2018 09:49

iLeeman,


That's fair enough. The main causes for the prolonged over-valuation are now beginning to come to an end.


Cash

[ileeman] 11/10/2018 09:40

I dont think anyone fully understands, I dont disagree with you that market looks way over blown but I think it will continue to be overblown for a while yet.

[cashandcard] 11/10/2018 09:36

But you need to understand why its not being valued on a fundamental basis, what are the economic factors behind it etc...



Cash

[ileeman] 11/10/2018 09:33

I mean your missing the point, you cant look at the main indices on a fundamental basis because it is not being valued on a fundamental basis.

[cashandcard] 11/10/2018 09:29

So you don't know.


Cash

[ileeman] 11/10/2018 09:28

Exactly and what will continue to keep it going.

[cashandcard] 11/10/2018 09:27

Then you've completely misunderstood what kept them going then.

Question, what kept them going?


Cash

[ileeman] 11/10/2018 09:26

Yea I understand cash but they have not looked great since 2009 lol That is the issue with predicting a bear market.

[cashandcard] 11/10/2018 09:21

iLeeman,


I'm not really talking about a few 'down days' but the bigger picture of; PE's totally out of whack across the pond, end of money-printing (liquidity) and rising rates across the pond. Usually a recipe for disaster, big down days are just symptoms of the underlying market environment, which is not looking great.


Cash

[ileeman] 11/10/2018 09:09

Yea cash they were overvalued 50% lower but did not stop it going up another 50%, hence why everyone that calls a few large down days a bear market ussually always get it wrong.

Took a few more this morning, panic drop accross the markets once the market makers finish their fun it should not be long until this is back above 0.8p. Fundamentals still the same and Directors have a lot to prove to their old bosses M&G.

[alamaison5] 11/10/2018 09:07

With just a little bit of common sense:
-"why would the .6p investor would not sell while in profit?"-
One bad news and they could lose x% of their investment.
With all the money they've made so far they could take this down to .5p and still be in profit.
But I guess they won't and will keep free stocks.

[cashandcard] 11/10/2018 09:01

Markets cross the board are over valued and have been for sometime.


Cash

[grannyboy] 11/10/2018 08:51

Everything getting an hammering last few days...not company specific....

[ken chung] 11/10/2018 08:48

No revenues of its own and reliant on continual dilutive share issues. A bit like a Ponzi really.