Reabold Resources Share Discussion Threads

[silkstag] 29/1/2013 15:34

Loverat, Fox Marble is early-stage but they would say they have valuable assets in the marble concessions plus Kossovo is close to Italy which uses a lot of marble in luxury hotels/homes to cool rooms and be elegant, so who knows. That said, £22m seems high. I would need to see the range of broker forecasts to form a view. Can you post a link to them?

[loverat] 26/1/2013 07:44

Well, I guess the fact the share price is slightly higher than when I last popped in shows someone wishes to keep this at artificially high levels for now. No doubt a few people will make a nice profit.

It is amazing really. Many companies manage to hide their shortcomings very well and you can understand how good investors can get burnt. However, surely given the history here over the last few months everyone must know these are next to worthless. This will be an interesting case study in watching how stupid investors can be.

SilkStag - if you ever get some spare time, I would be interested in your opinion on a company called Fox Marble (FOX). A marble exporter in Kosovo and newly listed on AIM after a findraising. I have an interest in the region and am very negative about their prospects. It seems to be having difficulties already with licences being withheld etc and knowing how business is conducted there I think the share price of 20p (Market Cap 22 million) is based on hot air too. No worries if you do not have time but might make another interesting case study.

[silkstag] 22/1/2013 12:12

lucky 29howard. Empty shell at insane inflated market price. Next transaction will value RBD at 0.3-0.65p so if you can go short that could turn out rather well imho.

[29howard] 18/1/2013 16:10

I did JacNife, for some reason there is a buyer, not only could I sell but they gave me a nice premium as well.

[29howard] 18/1/2013 09:00

Well what a new years present that was, I had no idea that on two accounts I was sitting on 85k of these, so £4000 I thought was nothing and lost is now cash, what a high that is !

[29howard] 17/1/2013 20:28

Before I collapse in shock here can somebody confirm the following.

I used to post on the old Atg thread, I held quite a few and the last I remember
they had gone bust, just logged in old account not used for ages and it's saying I hold 50000 shares, I used to hold 350k ATG, the shock I referred to is it's saying I have shares worth £2500 I did not realize I had.

Can somebody confirm this ?

[loverat] 10/1/2013 22:06

Yes. People complain about the role played by bulletin boards in investors losing money but if this thread saves one fool from parting with his money, it will be worth it.

Cannot actually believe anyone buying here. There might be a bounce at some point but I suspect it will be at much lower levels and following a heavy fall over a short period.

Anyway - I'll pop back again in a week. Without some ramp, I suspect I'll be looking at 2.5p or thereabouts.

[silkstag] 10/1/2013 16:36

Fools buying at over 4p today. Over 75% of their cash is dead the second they invested. They could fluke a short term trading profit but this must crash below 1p.

[bubble pricker] 09/1/2013 13:31

SS, I would not be so sure. I think the fake share price is a pretext to raising money at an inflated price from hapless punters.

[silkstag] 09/1/2013 10:35

bp, no, no funding round will take place above 0.3-0.65p. A reverse takeover would also happen at that price level. It is just a matter of timing before the share price corrects to this level.

[bubble pricker] 08/1/2013 21:49

SS, I think the fake share price at this level is intended to allow the company to raise money (maybe £10 or so) from hapeless investors at this share price level. After that, the company has a fake legitimacy, namely the illusion that the funds raised will be invested in highly profitable ventures. On the back of this, the boiler rooms may pump this up or at least generate buying volume into which the original subscribers at 0.25p can sell. After that the company will languish.

[bubble pricker] 08/1/2013 15:58

SS, see my post 35 with a detailed explanation of this borderline legal scheme.

[silkstag] 08/1/2013 14:40

The 60m shares were subscribed by only three parties, 20m each, so maybe they will manipulate the share price for a while. This is tricky. The share price is fake and x5 what it should be. Disgrace to AiM.

[silkstag] 08/1/2013 14:02

MTG, only way to short this shell seems to be T20, which looks ok on timing but many brokers will no longer do this. Feel free to cut and paste my post 43.

[m.t.glass] 08/1/2013 11:02

silkstag - do you fancy giving this a mention on my (DOWN) thread? With a reference to how to short it.

[silkstag] 07/1/2013 17:34

BP, thanks, your brokers are helpful.

[bubble pricker] 07/1/2013 15:28

T20 is the only way to short this. I managed to get only 50,000 away. MM would take no more.

[silkstag] 07/1/2013 13:19

Arf, no, all businesses were closed or sold and remaining assets transferred to CVA. Company renamed and AiM ticker changed to RBD. It is now a dormant shell, just incurring salary, overheads and advisor fees. Only liability (allegedly) is £201k of new loannote debt. Only tangible asset is £150k cash from a 60m share placing on 19 December 2012 at 0.25p. It also has its AiM listing which is worth say £250-500k for someone to reverse into. Value is thus 0.3-0.65p per 66.9m shares. The screen price of 4.875p is a huge anomaly.

40m of the 60m shares were placed other than with the directors and those shares will be admitted to AiM in the next week or two. I assume they will cash their multibag profit from 0.25p to 1p, which is my prediction for the share price in a few weeks.

Can anyone advise Yet Another Final how he can short this? A lot of brokers wont do T20 shorts any more, and if it isnt on IG then one cannot spreadbet a short, plus it is too small market cap for any CFD I have seen. There is no trade and no employees, just a lawyer and accountant as directors, laughing all the way to the bank, that they have a huge multibag return for absolutely nothing delivered or indicated.

[arf dysg] 07/1/2013 10:45

Adventis is back on the market, or is that a mirage? Do they do anything any more?

[yet another final] 07/1/2013 09:13

cant find it on IG!! any advice

[silkstag] 06/1/2013 15:43

billbyrne, you say "they will not be able to issue shares below the nominal value of the shares which is 1p". That is a serious factual error on your part.
1) The nominal value is 0.1p per share, not the 1p you suggest.
2) On 19 December 2012, ie just two weeks ago, RBD placed shares at 0.25p for each 0.1p share.
3) No value-adding commercial milestones have been achieved since so valuing the share at much more than that 0.25p is absurd.
4) Any placing or reverse investment will value the shares at 0.3-0.65p as that is the value (per 66.9m of these shares) of this existing empty shell AiM listing, being £250-500k. I have factored in the £150k of cash and £201k of new debt.
5) 40m of the 60m shares placed at 0.25p were to non-board members. They will soon be admitted to trading on AiM. When they are, many of them will rejoice at the x4 return if they are able to sell at 1p. The current market price of 4.875p is garbage. The shares are worth 0.3-0.65p as that is the company's only value, as an emtpy shell to reverse into or raise funds.
6) anyone who suggests this empty shell with -£51k negative net assets is worth more than 1p is a fool or a crook or both imho.