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Reabold Res Share Discussion Threads
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|A research note by an Australian broker (on Plymouth Minerals) by the name of HARTLEYS has just come out and explains the potential and upside of the San Jose LITHIUM play in Spain, in which Reabold Resources (RBD.L) has gained an initial investment, with the objective of gaining a much larger interest later.
Announcement of a JORC resource, anticipated next month could move the shares seriously higher!|
RBD are indeed currently illiquid but that could all change soon.
Remember that KOD were once illiquid too and then things changed for the better as all of us KODers now know!|
|Doesn't say if the possible significant movement in the share price will be up or down?Are you in CPAP MAN?|
|AIM listed Reabold Resources [RBD] - Lithium Project Interest and Funding
I would like to alert you to the following RNS today from Reabold Resources (RBD.L).
Interest in Reabold and new project could move shares significantly in the coming weeks, given market response to other AIM listed companies with lithium projects and anticipated demand for lithium based electronic car batteries.
Reabold Resources has taken an initial 2% interest for £300K in the San Jose lithium-tin project in Spain and announced a capital raising of £367,500 at 0.5p.
Has right to earn a 75% interest by spending €4m over two stages, in a JV with ASX listed Plymouth Minerals.
Plymouth has reported in excess of 1.1m tonnes of lithium resource (non JORC). An updated JORC compliant resource is expected to be announced in May 2017 (including recent drilling). The deposit is open to the north, west and at depth and there is significant upside in the tonnage.
“Drilling confirms San Jose is a globally significant lithium deposit with potential to be significantly enlarged.”
Reabold Chairman Jeremy Edelman commented, “We see the San Jose Lithium-Tin Project as a potential company making investment going forward.”
Demand for lithium is estimated to double in next 7 years. Lithium could become the primary source of transportation fuel. Goldman Sachs believe ”lithium is the new gasoline.”
Dowgate Capital Stockbrokers|
|REABOLD RESOURCES PLC
"Reabold" or the "Company"
Investment into Advanced Lithium-Tin Project in Spain.
Proposed Capital Raising of £ 367,500.
Reabold Resources Plc (LSE AIM:RBD) is pleased to announce that it has entered into an agreement to buy an initial interest in the advanced San Jose Lithium-Tin Project in Spain ("Investment") for a consideration of A$500,000 (approx. £300,000). The San Jose Project ("Project") is a Joint Venture between Plymouth Minerals Limited's ("Plymouth" ASX:PLH) subsidiary Tonsley Mining Pty Limited ("Tonsley") and Sacyr, S.A,, the IBEX 35 Spanish listed multinational infrastructures and services company. This investment is in line with Reabold's strategy to identify strategic mineral opportunities with the potential to add significant shareholder value.
To fund the Investment and for working capital purposes, the Company is proposing to arrange subscriptions totaling £367,500 for 73,500,000 new Ordinary Shares of 0.1p each ("Subscription Shares") at a price of 0.5p per share (the "Subscription") conditional on Admission to trading on AIM.
Highlights - San Jose Lithium/Tin Project:
· Plymouth has announced high-grade historic and current drilling intercepts including;
o 142m @ 1.2% Li2O from 67m
o 68m @ 1.1% Li2O from 91m
o 52m @ 1.1% Li2O from 18m
o 45m @ 1.0% Li2O from surface
o 34m @ 1.3% Li2O from 103m
o 250m @ 1.0% Li2O from surface
· Plymouth has also reported in excess of 1.1 million tonnes of LCE resource (Non JORC 2012). Updated JORC compliant resource expected May 2017 (including recent drilling).
· Exceptional metallurgy results - 97% lithium recovery achieved in first stage metallurgical testwork, using well understood sulphuric acid processing routes.
· Mineralogy confirms ore amenable to simple beneficiation as per previous historical feasibility study.
· Deposit is open at depth and along strike.
· Reabold is investing AUD $500,000 (approx. £300,000) for a 2.0% interest in Tonsley. £367,500 is proposed to be raised by subscriptions to fund the investment and for working capital purposes.
· Tonsley has the right to earn a 75% interest by spending €1.5 million for a first stage 50%, then €2.5 million for the additional 25%, which is being funded by Plymouth in the San Jose Lithium-Tin Project.
Jeremy Edelman, Reabold's Chairman, commented.
"With the current dynamics surrounding the fast growing European lithium market, the Company sees tremendous opportunity in this rapidly developing San Jose Lithium-Tin Project together with the Project's development partners as they continue to add quantum steps of value to the project through their experienced personnel and professional operational skills. We see the San Jose Lithium-Tin Project as a potential company making investment going forward. The Company and Plymouth Minerals Limited, the majority owners of Tonsley, will be discussing future opportunities between them on ways to co-operate on potentially increasing Reabold's corporate and operational involvement in this exciting San Jose Lithium-Tin project."|
|Funds raised at 0 5p valuing this empty shell at £1.6m which is 50% too much. The con goes on imho|
|At 31 December 2014 this shell had net assets of 0.14 pence per share. With an extra six months of operating costs, net assets per share are today about 0.12p.
The bid-offer price of 0.75-1.75p is a con.|
|This empty shell scam worth about 0.25p has to publish accounts to 31-12-14 by 30-6-15 else its shares will again be suspended from trading.
Maybe sensible to bail before them in case it gets suspended.
Any reverse takeover will be at nearer 0.25p so you would save a heavy loss as well.
|Please note the following thread which may be of interest:
"THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)"
|CountAgreed. I only noticed it cos I am already in BP. I dont think they're going to make much money when they have brought in at such a high share price|
|better to just buy shares in BLT, RIO and BP. yourself...rather than pay a company with all its management and overhead costs do it.|
the count of monte_cristo
|Noticed RBD have brought some 38k Bp shares (see bp Rns today) Great i hear you cry. The only snag is they have paid 526 a share which is the highest bp has been for over 3 years!!!|
|RBD has raised funds at 0.5p per share i.e. 1/6 of the mid 3p market price when it was delisted. AiM will probably let them relist. Maybe some new fools will buy shares above 0.5p?|
|what is scandalous is that UK licensed brokers and Nomads participate in these scams.|
|Told you so! Shares suspended from trading before open on 20-12-13.
They say they hope for a reverse takeover in January 2014. Lets see what the price is. It will be a small fraction of the Bid-Offer 2.5-3.5p on its last day of trading yesterday imho.|
|Assume this is the last chance for any shareholders to sell at 2.5p before RBD is delisted. If it ever gets relisted I expect share price would be c0.25p on a reverse take-over i.e 1/10 of current Bid price.|
|Loverat, I can't believe you're still around. It's been a long time.|
|RBD has until 19 December 2013 (I think) to find a reverse takeover or be delisted. RBD current price is Bid-Offer 2.5-3.5p for 170m shares. That gives market cap £4.25-6m for an emtpy shell with no assets, c£100k liabilities and just its AiM listing (its only 'asset'). Absurd x10 over-valuation.
"As an investing company, the Company will be required to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its Investing Policy on or before the date falling twelve months from the adopting of the Investment Policy by the Shareholders [NB-I presume at the AGM on 19 December 2012], failing which, the Company's shares would then be suspended from trading on AIM."
You may need some type of CFD to deal with the admin delay if/when they are delisted, or you may need some other closeout mechanism.|
|worth less than 1p with its aim listing. worth 0p when it loses that aim listing. all imho.|
what are they so frightened off?|
|I'm surprised it has held on for so long. Nothing but a shell company.|