Reabold Resources Share Discussion Threads

[bageo] 03/3/2021 22:16

Steelwach: They were surrendered as expiring - you may find the details on an RNS from other partners e.g. Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, announces that in accordance with the Operator's recommendation, the PEDL330 and PEDL345 licenses, which were due to expire on 31 July 2021, have been relinquished with an effective date of 31 January 2021. Baron held an 8% interest in both PEDL330 & PEDL345. 11 February 2021

[steelwatch] 03/3/2021 21:56

Just put a request in via the website for information as to the current Colter and adjacent acreage licences. All mention seems to have been wiped from both Corallian and Reabold sites. Anyone here know?

[corgies2] 03/3/2021 14:32

Pipeline finance from the Infrastructure Bank / Freeport ? !

[thetoonarmy2] 03/3/2021 13:56

Even Malcy totally underwhelmed today Reabold ResourcesReabold has announced that they are selling £500,000 of convertible loan notes in Corallian to a group of strategic investors whilst retaining £500,000. I can't honestly see this making much difference but management comments are below!Stephen Williams, Co-CEO of Reabold, commented:"We're pleased to be selling £500,000 of our convertible loan notes in Corallian to a group of strategic investors. Their support for an IPO, RTO or other listing alternative for Corallian is consistent with our monetisation goal once Corallian has created further value. We're also delighted to have the opportunity to work alongside these strategic investors to progress other projects within our wider portfolio.

[soulsauce] 03/3/2021 08:53

They are on a different planet, that is for sure.

[currypasty] 03/3/2021 08:51

thanks soul, the main thing that lets it down is the talk of shareholder value... perhaps they could look at the shareprice, are they in a parallel universe?

[croasdalelfc] 03/3/2021 08:49

From the viewpoint of other shareholders in Corallian- 58 of them I think ..To move Corallian forward needs more money but most are cash strapped or want guarantees that Corallian is not a bottomless pit to throw there cash into. So RBD offer £1m to take it through to IPO RTO or whatever . The shareholders stump up nothing now but get diluted down the road .Most of the risk is with RBD - though the backstop is higher %age of Corallian at £1.50.The reward is IPO RTO and a larger share of Corallian at £3.20.The reward for Corallian shareholders is dilution at £3.20 (previous fundraise was £1/20) and the IPO/RTOThat risk/reward is now shared by strategic investors - probably HNW mates of S&S

[soulsauce] 03/3/2021 08:44

hTTps://www.brrmedia.co.uk/broadcasts/602a84081fc46330548f9bb3/reabold-company-overview/

[currypasty] 03/3/2021 08:27

An investment company buys it for 500k, sells it for 500k... hello! "The strategic investors have indicated their support of an initial public offering ("IPO"), reverse takeover ("RTO") or similar for Corallian, which is in line with Reabold's strategy of clearly identifying monetisation opportunities across its portfolio. The strategic investors have also signalled their intention to support Reabold in facilitating further potential strategic value creation opportunities across the wider Reabold portfolio." First part, great, get it listed, realise some value for RBD! Second part.. do strategic investors get cheap RBD shares before first part, to ensure THEY get decent value creation.. what about the poor sods in at the 0.9p placing guys??????

[grannyboy] 03/3/2021 08:23

Says it all... Even the markets are not getting excited by this latest non shareholder value creating ruse!

[ntv] 03/3/2021 08:19

WTF no profit (I thought the idea in business was to make a profit), Mates rates, needs investigating imho , What a farce

[currypasty] 03/3/2021 08:13

the convertible loan is obviously to me, a bung, a golden hello.. Corallian has to be listed, or sold at some point to move it forward and have access to bigger £££ than RBD cant support. You watch, those strategic investors will do very well from that 500k investment..

[soulsauce] 03/3/2021 08:01

That is what worries me the most.

[32campomar] 03/3/2021 07:49

I think this is very positive. Particularly this 'The strategic investors have also signalled their intention to support Reabold in facilitating further potential strategic value creation opportunities across the wider Reabold portfolio.'Monetising West Newton?

[grannyboy] 03/3/2021 07:48

There are just some things in life you just can't get excited about, and RBD are starting to be one.

[soulsauce] 03/3/2021 07:43

The boy wonders trying to take Delt over but ended up with egg on face. Whatever they do usually ends up in the issue of billions more shares. It reads to me as they have another (not so) cunning plan.

[currypasty] 03/3/2021 07:42

https://uk.advfn.com/stock-market/london/reabold-resources-RBD/share-news/Reabold-Resources-PLC-Partial-Sale-of-Convertible/84481853

[c2b] 03/3/2021 07:37

Delt? Please explain...

[soulsauce] 03/3/2021 07:19

I can feel another Delt situation coming on.

[currypasty] 02/3/2021 08:07

I guess it would be an initial estimate until a pipeline is built.. As we have seen with UJO, at Wressle, it takes ages to get up to speed..zzzzzz

[grannyboy] 02/3/2021 08:03

Well if it is anywhere near your estimates canigou(prior to EWT), then it would be a great disappointment, and shareholders have been led up the garden path! I was under the impression that production would be so great that a pipeline would be layed to pump the gushing oil straight to the refinery!!

[canigou2] 01/3/2021 21:21

I'm not sure what the point of this is. Is this also based on production expectations? If WN has North sea like properties this could really blow those estimates, or are my own expectations (hopes!) just completely unreal. For example that production profile by inference/guesstimate indicates only approx. 3mm bbls of production over the next 20 years. Not exactly mind blowing (albeit the revenues are still substantial, 1000 bopd equates to $20m/yr at $60/bbl. And then there is the gas.) Am I wrong to expect more? "146mmbbl of liquids (base case)". Admittedly that is in place, but average recovery rates for the North Sea are >40% I hope local residents are given a real headache! 1 HGV/hour maximum, that is less than your typical country road. [and frickin' get on with the test and stop us all guessing! lol]

[canigou2] 01/3/2021 20:47

Thanks CP. For those interested 490 tonnes equates to approx. 3500 bopd initially, declining to <1000 bopd after 5 years (depending on specific gravity and conversion factor). High case scenario? But all plucked from the sky without the EWT!

[currypasty] 01/3/2021 20:31

The profile is an estimated maximum-case scenario based on a high case of returning hydrocarbons of 20-25 HGVs over a 15–20 year period which is not expected to result in a significant effect. https://www.rathlin-energy.co.uk/latest-update/