Reabold Resources Share Discussion Threads

[croasdalelfc] 27/2/2018 12:53

IT sounds like Corfe have virtually farmed out all except 5% of Wick40% UPL15% Boil40% Corallian ( with RBD net 14% unless they have increased stake in Corallian)5% Corfe

[ileeman] 27/2/2018 12:51

The drills are fully funded, if Corallian up their % then ofcourse that would require them to use more cash.

RBD can cover this no problem with existing cash, the only reason they would raise is to bring an a stellar asset, Simon's email repsonse confirms this.

[soulsauce] 27/2/2018 12:45

A bit of a change to the last RNS which stated Corallian were hoping to up their stakes in both projects and raising money to do so.

[simonsaid1] 27/2/2018 12:44

Also remember Corallian just enlarged their stake in Colter from 40 to 50%.

Due to Reabold participating in Corallian's recent raise and maintaining their stake in Corallian, the same enlargement is therefore passed on.

This means any maths done on Colter's value to Reabold has to be redone! Good news.

[cashandcard] 27/2/2018 12:38

RNS out

Stephen Williams, Co-CEO of Reabold Resources, commented:

"Upland Resources' and Baron Oil's farm-in to the P2235 Licence are two of multiple farm-in processes which have been facilitated by the execution of Reabold Resources' stated strategy.

We look forward to updating shareholders on further progress on the Colter and Wick licences which Corallian Energy, who are fully funded for both well projects and which Reabold have a 35.4% interest in, anticipate to begin drilling in Q2 and Q3 2018 respectively."


Fully funded!


Cash

[simonsaid1] 27/2/2018 12:10

You're missing the point, Sammy. Funds deployed for existing obligations - i.e. the significant extra cash they've put in to take part in Corallian's fundraising, raising their exposure to Colter among other drills.

If they want another project, they need cash. That's all - it's not operating expense, since they're a tiny company and have no drilling expenses (since they don't farm in) - see the email I just posted above, I'm not stating anything from opinion here!

If they don't raise now, they can just wait for Colter drill. No big deal. This is so much less dramatic than people made it out to be.

[simonsaid1] 27/2/2018 11:52

I have received the following email from [e-mail] (shared with permission):

'Thanks for getting in touch.

The Company is as disappointed as its investors at the mismanagement of an individual or individuals of price sensitive information. To avoid this situation again in future it has put in place several safeguards in addition to its already existing systems.

As stated in the release, Reabold is considering a placing, but only if it sees significant value in doing a deal which is shareholder accretive £ anything but this, the Company simply would not consider. The placing, as stated by some, would NOT be done to fund drilling activity £ its business model precludes this as a requirement. Therefore a placing would only ever be done to do more deals.

Another consideration is that when Reabold previously raised money in September it did so having not proven their investment strategy, that being, to invest in the Company rather than the joint ventureship. There was a significant question over whether they could do this, and now, having proven its business model, the Company can consider the idea of a placing from strength rather than necessity.

The company remains aligns with its shareholders and focused on delivering return through the strategic deployment of capital.

Thanks,

James Crothers'

[simonsaid1] 27/2/2018 11:14

Reabold's business model is to never be exposed to drilling costs directly. As such they will never buy a company whole.

Reabold was going to be a fund originally, and will continue to function like one. This limits risk exposure and allows them to rapidly diversify and indeed divest their asset base without getting bogged down.

All that happened here is they sat down with some institutional investors to see if there was appetite to issue some additional shares at an attractive cost to both parties, to allow the Reabold CEO's to buy something that had caught their eye. This is nothing surprising to anybody familiar with Sachin Oza or Stephen Williams, or the Reabold business model.

A lot of fuss about nothing!

[cashandcard] 27/2/2018 11:11

Jungmana,


Me too, except that is the business model they are trying to avoid. Unless there is something really compelling on the table, I don't see it happening.


Cash

[jungmana] 27/2/2018 11:05

Cash- i would vote for that

[cashandcard] 27/2/2018 11:03

The obvious reversal would be into Corallian, an RTO removing those who currently control it privately and giving RBD control of Corallians stable of assets.


Cash

[ileeman] 27/2/2018 11:02

Clearly they did not intentionally leak talks about a raise in the city.

You give BMD more credit than he is due, lets face it he is a scumbag and if you actually look in depth into his article he has got many facts wrong...he states RBD are farming into Colter, not true, he says due to this they will have to cover additional farm in costs/drill costs, not true...the list goes on.

RBD are an investment company into low risk assets, I knew buying RBD there was a chance they could bring in abother asset, I think it is fairly naive to think they are trying to run before they can walk when all they are doing is fulfilling their business model.

If a new asset is too good to miss then I dont see the problem assuming the raise is done on good terms which is likely considering how much stock they own.

[dandadandan] 27/2/2018 10:51

It show indecision in my view.
Procrastination.

Why say we are mulling it over.
Has someone put them on the spot and they cannot sort out the legal contract work?
Caught with 'their trousers down' as the saying goes?
Why leak the story to Betville Ben and the Brokerman etc. Tweet tweet.

Early warnings are usually just a waste of time and show there may be conflict in the boardroom. ( Youth v past experience? ).

IMO walk before you run O & W, gradually build the Mcap with confidence. There is always another better deal just around the corner. That is the way of the world.

This may also be a tactical move.
Did someone also mention a reverse movement. Now what other companies are involved with this BoD?

Do not overlook the power of the Crowd and other financial instruments.

GLA.

[ileeman] 27/2/2018 10:00

I agree they should not raise and just let the sentiment take over into Colter.

But that is me saying that without knowing what they are planning to invest in. I would hope if they are eyeing something up it is going to add value.

I continue hold as think relatively near term this has the potential to go very far, nothing has changed fundamentally. Still got Colter and Parta etc.

[cashandcard] 27/2/2018 08:56

I would prefer they did not go ahead with any further dilution at this stage. However, if they were to, I would hope its for very nearterm production assets, with exploration thrown in.

I wonder if they could also be looking at reversing into something else.


Cash

[jungmana] 27/2/2018 08:22

£9m market cap right now with near £3m in cash. Colter, wick, oulten and huge Danube project in Romania all for just £6m value. A stonking buy at 0.6p even with possibility of placing soon for new projects.

[gibso6767] 26/2/2018 22:40

There are more questions than answers, woolly RNS at best re rumours and today’s shareprice large drop !!!

Truth be known , they’ve diluted last year and bought into assets , so far no market reaction to these purchases.

But Drilling starts soon , think many are assuming that the COS of 58% makes one of these assets a golden goose that lays ,?,,


These two Sachin and Steven are adept st the market and if you are involved over innRBD ie they way they invest into resources then shares placing etc will be nigh on ongoing constantly

[jasonsd1970] 26/2/2018 22:12

Agree; BoD are looking to run before they walk. Bought in on their stance to PI shareholders and their insistence that there was no need to raise. There may be an opportunity out there, as always; however let's get some news flow from existing investments before moving onto pastures new. Disappointed but sitting tight for the ride

[ileeman] 26/2/2018 20:31

Thats the point tho, they dont need to raise money so there must be a very good reason why they want to potentially raise.

They have around £3mil cash as it stands.

[5chipper] 26/2/2018 20:21

I think the bod are trying to manage expectations with the share price in order to raise a sum of money needed to get the company self sufficuent. I guess they are still at the mercy of the instis who will only invest at a level which represents good value.

For me, the way to look at the situation is that there could well be an excellent opportunity to buy over the coming days.

[euclid5] 26/2/2018 20:12

whichever way you want to cut the mustard, so to speak - if they raise say £10m at 0.005p - they will give you another 2b shares in issue plus 1.54b already = 3.5b shares in issue

what ever asset they buy - exploration or appraisal, you will have to devide that NPV by 3.5b shares to get to your Npv/share value

[dandadandan] 26/2/2018 18:19

This looks like a leaky info ship.

Know when to hold them and sit tight, IMO.

Someone is playing games to possibly buy on the cheap?

A good deal is one that brings home some results, BoD.

Learn to walk before you run...
It will only be a few months before some results, unless they are full of 'wind and bullsh*t', not being another company who enjoy a journey but never want to arrive at the destination.

GLA.

[ileeman] 26/2/2018 16:56

iis will always tweak to some extent. Fact is most the stock is taken up by large funds and directors hold 189million shares.

Should hopefully get another update this week or early next.

[simonsaid1] 26/2/2018 16:36

Cannot be this simple, or there would have been TR1s.