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RBD Reabold Resources Plc

0.065
0.00 (0.00%)
12 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Reabold Resources Plc RBD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.065 08:00:00
Open Price Low Price High Price Close Price Previous Close
0.065 0.065 0.065 0.065 0.065
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Reabold Resources RBD Dividends History

No dividends issued between 12 Jun 2014 and 12 Jun 2024

Top Dividend Posts

Top Posts
Posted at 12/6/2024 19:29 by aspect100
Just bought some of these - RBD is worth about 1p per share.

Those two should get only about 20% of that salary until they make a profit.

I still think it's worth buying at this price.
Posted at 11/6/2024 16:31 by fireplace22
It's a toss up who will last longer under Starmer, the country or RBD.
Posted at 02/5/2024 08:37 by likeawalrus
tnt the nay sayers which I guess includes me, want the share price to recover strongly but it's hard to believe a word this company says. today's rns is part of the process to get the CS ducks in a row which is good but there's a long way to go for rbd to monetise the CS investment, not least of all because LNe intends to reinvest profits in capex, it will be years before rbd makes money unless LNe has an IPO which allows rbd to sell shares
Posted at 01/5/2024 14:49 by likeawalrus
the rbd presentation said the new plan will cost £9.6m or £1.6m per 1/6 so Rathlin is about £3.5m short. RBD has £3.5m to spare so why hasnt a deal been done?

RBD promised to return £4m to shareholders, they spent £0.5m on buybacks so that leaves £3.5m to return to shareholders. well I say use that £3.5m pledge and do a deal... get WN drilled!
Posted at 18/4/2024 09:08 by nicosevos
RBD. 9 mins in....





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#DAX #DOW #BTC #Gold #WTI #AEX #BOIL #BHL #CHLL #EMH #ECR #GDR #PET #RBD #SNG #TYM

#UPL #UJO
Posted at 15/3/2024 12:13 by likeawalrus
it's all very odd uggy. rbd said WN drill will cost £9m, £9.4m and £9.6m all in the same presentation. I estimate rathlin has about £3m cash so they are at least £3.4m short. rbd has £9m cash, so what's the hold up? they could buy 1/6 from rathlin for - say £1m and lend them £1m so rathlin is then fully funded for their 3/6. rbd has the cash to fund 2/6 and still have £4m cash and a loan to rathlin of £1m. there must be some way to thrash out a deal in a timely way, just like wressle, something smells off.
Posted at 18/1/2024 08:43 by likeawalrus
unlocking WN is key, perhaps a farm-out partner can be found by Rathlin in tandem with a RBD deal, alternatively Rathlin sells 1/6 to RBD for a nominal £1 in exchange for a £4m loan. That way Rathlin is fully funded for the remaining 3/6 and RBD is fully funded for their 2/6. There are so many ways to do a deal, it will be fascinating to see if RBD extract a pound of flesh
Posted at 06/12/2023 12:33 by triskelion
I'm having difficulty understanding the timetable for the EGM. The reason I'm trying to get a grip on it is because we are in that time of year when things may disappear or be overlooked among the Christmas/New Year festivities.

The RNS (Number: 3763U) that RBD published on 22 November (not visible on my online retail broker's Share news etc page for RBD) appears to have been in response to a valid (at last!) service of the requisition on that date. The RNS contains this phrase:

"The requisitioned general meeting has been called for the purposes of considering the below ordinary resolutions which if passed in their entirety, will result in the removal of the entire existing board of Reabold."

This wording is unhappy; does it mean the Board has actually convened the EGM (in which case why no Notice of EGM showing in my broker's regulatory news page for RBD) or is it just slovenly language which rather perhaps should read "The general meeting has been requisitioned for the purposes..."?

Either way effective service of the requisition was as stated on 22 November which means so far 14 days have elapsed. Companies Act 2006 section 304 states the board must call a meeting--

"(a)within 21 days from the date on which they become subject to the requirement, and

(b)to be held on a date not more than 28 days after the date of the notice convening the meeting."

(Extracts above etc from the Government legislation website text of the Act and I assume not changed).

As regards the minimum term of notice I see a number of provisions appear to regulate e.g. para. 50 etc of RBD's Articles filed at Companies House 2 March 2023 labelled there "Memorandum and Articles of Association" but in fact comprising only the Articles without the Memorandum; and Companies Act sections 307 and/or 307A which I don't have time to drill down through now but I am assuming may require at least 14 days' clear notice.

So it appears they have to get a Notice of EGM out on or about 13 December and (tentatively) the meeting will thereby be scheduled to be held on ~27 December earliest or latest ~10(?) January 2024.

My online broker has said "...usually meetings tend to be added to the online Broadridge system 3-4 weeks ahead of the meeting. Please keep an eye out for future annoucements from the company for a meeting date, once the meeting date is known and uploaded onto our online system you should be able to submit your voting instruction...." which I assume will broadly reflect the situation at the other retail brokers.

Also it seems "virtual" general meetings may be held.


PS: presumably flagged here already but I note a video posted 19 September 2023 on the Shares Magazine YT channel is entitled "Reabold Resources (RBD) - Sachin Oza, Co Chief Executive & Stephen Williams, Co Chief Executive". My pennypacket holding hasn't inspired me to spend time watching RBD promotional material but I may do a bit now at least to get a feeling for the demeanour of the lead players in the cast.
Posted at 29/8/2023 17:03 by likeawalrus
here's a reminder of the questions I sent to malcy last month - hopefully he will elicit some answers from slick & slicker

I understand you are trying to interview Reabold Directors wrt the recent LNenergy deal. I have looked closely at the deal and have some questions which I hope you can put to them.

First some facts.
as at 30.09.2022 LNe had USD246k cash and a USD500k investment in the option agreement.
as at 25.01.2023 James Stafford owns 167 LNe shares.
the RBD presentation says "Low risk, small scale LNG development concept"

Q. Is this the same J Stafford who owns oilprice.com?
Q. Are the board aware that the Abruzzo region is prone to strong earthquakes?
Q. How can the project be 'low risk' when permits are not guaranteed and LNe has a mountain to climb to secure Euro30m financing?
Q. Why did RBD choose to invest in the company rather than wait for the permits to be granted and then farm-in?
Q. Surely it's better to invest only if they have permits, albeit at a higher expense?
Q. If permits are refused, RBD will own 16% of a company with $246k, £750k, 810m RBD shares and a worthless option. Whilst clearly a win/win for LNe shareholders, why has RBD chosen a high-risk deal structure?
Q. RBD has the option to increase ownership to 25% but why has RBD given LNe the option to choose shares over cash???? this could mean RBD has to issue about 1.5 billion new shares, this is madness!
Q How can a tiny company like LNe raise Euro30m? If they farm-out Colle Santo, RBD's investment is significantly diluted, if they have a placing - same result.
Q. Are there any restrictions on when LNe can sell the 810m RBD shares?

Additional, unrelated questions
Q. Why has RBD restricted the buy-backs to 6m shares per day?
Q. How close is Rathlin to securing the necessary investment to progress West Newton?
Posted at 30/7/2023 15:27 by likeawalrus
sent an email to malcy today - hopefully he will include my questions if he interviews RBD

I understand you are trying to interview Reabold Directors wrt the recent LNenergy deal. I have looked closely at the deal and have some questions which I hope you can put to them.

First some facts.
as at 30.09.2022 LNe had USD246k cash and a USD500k investment in the option agreement.
as at 25.01.2023 James Stafford owns 167 LNe shares.
the RBD presentation says "Low risk, small scale LNG development concept"

Q. Is this the same J Stafford who owns oilprice.com?
Q. Are the board aware that the Abruzzo region is prone to strong earthquakes?
Q. How can the project be 'low risk' when permits are not guaranteed and LNe has a mountain to climb to secure Euro30m financing?
Q. Why did RBD choose to invest in the company rather than wait for the permits to be granted and then farm-in?
Q. Surely it's better to invest only if they have permits, albeit at a higher expense?
Q. If permits are refused, RBD will own 16% of a company with $246k, £750k, 810m RBD shares and a worthless option. Whilst clearly a win/win for LNe shareholders, why has RBD chosen a high-risk deal structure?
Q. RBD has the option to increase ownership to 25% but why has RBD given LNe the option to choose shares over cash???? this could mean RBD has to issue about 1.5 billion new shares, this is madness!
Q How can a tiny company like LNe raise Euro30m? If they farm-out Colle Santo RBD's investment is significantly diluted, if they have a placing - same result.
Q. Are there any restrictions on when LNe can sell the 810m RBD shares?

Additional, unrelated questions
Q. Why has RBD restricted the buy-backs to 6m shares per day?
Q. How close is Rathlin to securing the necessary investment to progress West Newton?

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