Share Name Share Symbol Market Type Share ISIN Share Description
Reabold Resources LSE:RBD London Ordinary Share GB00B95L0551 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.675p 50,189,154 12:57:31
Bid Price Offer Price High Price Low Price Open Price
0.65p 0.70p 0.675p 0.65p 0.65p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.1 -0.0 - 19.12

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Date Time Title Posts
20/3/201815:02New resources play697

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Reabold Daily Update: Reabold Resources is listed in the General Financial sector of the London Stock Exchange with ticker RBD. The last closing price for Reabold was 0.68p.
Reabold Resources has a 4 week average price of 0.55p and a 12 week average price of 0.55p.
The 1 year high share price is 1.13p while the 1 year low share price is currently 0.33p.
There are currently 2,832,165,896 shares in issue and the average daily traded volume is 55,467,454 shares. The market capitalisation of Reabold Resources is £19,117,119.80.
simonsaid1: This is AIM, none of that is unusual - spreads of that size happen all over the place. You clearly do not understand AIM, and don't seem to understand the difference between a cash raise for new projects as opposed to a cash grab, 'keep-the-lights-on' placing. HINT: If the company raises money by diluting shares, but uses that money to buy new assets which make the company more valuable, the share price does not go down. It doesn't matter that the pie is sliced into more pieces if the overall size of the pie is larger. I strongly suggest you use a stock basics course like IG Academy (excellent app).
sammyshares: 5 trading days till all them placing shares hit the market. Wait and see what that does to the share price
simonsaid1: I mean basically all that text amounts to is 'I'm not convinced they pull off their plans'. If it was a dead-cert the share price would be many pence! We get to buy it all the way down here because we are betting on the experience and connections of the CEO's to find and make good deals. Their ability to get around the right tables and gain access to distressed assets is what I invested in. Your third paragraph just seems to be saying 'the equity stakes will be worth more if they get oil strikes'. Well... yes! ?? As for exit mode, you need to see the presentation from the other day to understand the rationale. As to 'how do you shift 34.5% of a company's stock' - well how do you think they bought it in the first place! The outcome of the drills make the stake worth more or less, and the buyer could be the original company buying back or any other suitor. Really find that a very strange post, sorry!
simonsaid1: Very news rich period coming: 1) Multiple RNS's for the deals that this new money has made available. The CEO's spent years building a 'hit list' and you can bet that they already know exactly where every pound of that raise is going. As per the Reabold business model, this will take the form of equity stakes rather than farm-in/JV agreements (so no direct drill expenses), and may well include non-listed firms (as with Corallian and the newly-created Danube Petroleum). 2) Revealing of who took the bulk of the placing shares when they vest in a few weeks, likely with some TR1s. The CEO's have always, since Reabold's inception, talked about 'quality investors' and this raise was done when they still had £1.5m in the bank (i.e. not a typical AIM desperate cash raise, but a controlled expansion), and they used a managed book rather than an open offer, so they controlled who got shares. 3) Colter drill (obviously), which may well be followed fairly shortly by cashing in of part or all of RBD's stake in Corallian, in order to go and buy something else, as-per the Reabold business model. That's all the imminent stuff - beyond that there are all the other drilling events: The other Corallian drills (depending on Reabold's stake there by then which could increase or reduce); The 2 Parta appraisal wells with Danube; Plus whatever they are about to buy using the placing funds which will no-doubt involve multiple drills. This is all about diversifying the business. They have more than enough cash on hand, zero debt, CEO's rapidly proving their negotiating acumen and a business model packed with news catalysts. AIM investors know the danger of drifting on lack of news, and the danger of a share price being built on a single drill - none of that here. I've some qualms with the company over the placing leaks (they assured me this week via email that they have new systems in place against this, hope that works), but other than that I'm very intrigued by the business model so far.
ileeman: Dan this is RBD "An upstream oil & gas investment company" Ofcourse they understand shareholder value, value can also be made by investing in a very cheap asset assuming the terms of the raise are good. If they potentially raise around current share price to bring in what they believe is an absolute gift then I dont see the problem, I see that as a great move. Naive to invest in a company and not think they are going to invest in more assets, they already said months ago they were looking at a 3rd asset.
isaseeya: Anyone know what this sort of dilution will do to the share price. Should BMD be right about the number of new shares to be added?
ileeman: Chatter is 0.55-0.6p £7million+ with asset news and some institutions backing. If true then that is a very very good price and we also get iis backing and also more news on another asset. To place near the current share price is amazing when you look at the likes of MATD, UPL and CHAR etc. Dont forget UPL and MATD had big ii backing and heavily discounted raises and they have done basically 100% each. Price is not that important though, the important part will be the asset they are eyeing. Exciting I think.
cashandcard: Malcy's 2018 bucket list includes RBD; "The last new stock into the list, until the June review when I anticipate adding a couple of stocks that should have second half operational activity is Reabold Resources. I have written about this stock a few times recently after I met its joint founders, former fund managers Stephen Williams and Sachin Oza and liked the model that they are creating at RBD. Investments in Corallian Energy, giving exposure to the Colter prospect in Dorset and Wick in the North Sea as well as Danube Petroleum in Romania are only the beginning of their plans I suspect. Having said that, the recent rights issue from Corallian has meant that they have had to put more money in to that and with imminent potential investments it looks like that they will have to raise money again themselves. I mentioned last week that they had solid support from investors, who share their view that money should not be raised at a deep discount and with rumours of a raise of something between £12-15m and around the current share price the stage is set for further progress. There are risks here of course, a second raise in less than a year and of significantly larger size will provide some indigestion and should there be any slippage in the Colter or Wick wells investor patience might waver but I am prepared to see through that to the very likely substantial upside" hTtp:// Cash
soultrading: Different companies, different approach, RBD have taken an investment there for a short-term return, It is also only one of RBDs OPPORTUNITIES and at an almost free price. There is no reason not to invest in either company. I was surprised they got such a good deal as they really should have paid a lot more but getting good deals is their game. There is currently a good opportunity to BUY into RBD on the cheap. Trading at not much above cash means their investments don't actually have to do much to return a profit on the current share price. Given their expertise, if one of their identified investments turns out to be huge then it blows it out the water. Talking of which let's see what they have in mind for the next investment, rumour has it.. east Irish Sea.
soultrading: It has made new highs, come off the high but stayed within the trend. The sentiment is strong and the following seems to be growing. Volume is high and the share price not only climbed on placing news but held the highs on admission. Then if we factor in the prospect of investment news. It is fair to assume from the recent RNS and reason for acquiring equity that the board already have identified assets that they see potential in. Along with new names to push the deals through if not already agreed. I think this will be an investment phase for the company and we may see a few investments in quick succession as we move forward. RBD seems to be well positioned for a rise on news anticipation. The major investors although covered by a nice buy in price are expecting more than current levels from their investments. So I expect the share price to maintain its direction and possibly make a new high early on in the week. This, of course, is just my view and I could be wrong, but I have held my shares here just the same.
Reabold share price data is direct from the London Stock Exchange
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