Reabold Resources Share Discussion Threads

[dlm2602] 07/10/2019 10:02

In addition, slide 16 shows a graph with the enlarged market cap given at $106m. Assume $/£ rate of 1.25 and that equates to £84.8m. At 1.2p per RBD share that would assume 7.07bn shares in issue and not the 8.4bn - 9.3bn given in prresentation slide 21 !!

[dlm2602] 07/10/2019 09:36

I'm struggling to understand the numbers here. I assume that the "up to 2.6bn placing shares" that will raise up to £30m (after fees)is to be used only for future drill costs and other business purposes across all assets. It isn't for the purchase of Rathlin shares. The Rathlin purchase is covered by the 2.6bn "equity swap" but the number of share swapped seems too high. 2.6bn RBD shares at 1.2p would equate to another £30m (assuming same fees) but the equity investment and potential swap (slide 9) only adds up to £23.4m. So what has happened to the difference? (£30m - £23.4m). I can't believe it is a presentation error!!

[daniel levi bmd] 07/10/2019 08:40

FYI

Resources 'Project Wallace'/www.guerillainvesting.co.uk/2019/10/07/reabold-resources-project-wallace/


Dan
x

[daniel levi bmd] 07/10/2019 08:39

FYI

Resources 'Project Wallace'/www.guerillainvesting.co.uk/2019/10/07/reabold-resources-project-wallace/


Dan
x

[stockport loser] 07/10/2019 07:48

Yes slide 21 gives it at 8/9 bill. Still more than doubled the share issue for 50% of market cap?

[stockport loser] 07/10/2019 07:43

Although that doesn't add up in terms of market cap to amount raised does it?I need to read it awake.

[stockport loser] 07/10/2019 07:27

Go to slide 10, additional 2.5bill swap shares.

[alexios1201] 07/10/2019 07:24

NoCheck the slide 21 againHighlighted"Total enlarged share capital 8.4-9.3bn shares"

[stockport loser] 07/10/2019 07:22

Yes, it's a fair whack, of course that's at 1.2p, at 1p it would be a lot more. If you believe WN is the biggest onshore since Wytch then there is serious value from here.

[divmad] 07/10/2019 07:14

Is that right, some 12bn shares o/s Pro forma this deal and equity swap?

[homebrewruss] 07/10/2019 06:19

Project 'Wallace'



Includes document being used to support the placing:

[homebrewruss] 07/10/2019 06:18

Project 'Wallace'



Includes document used to support the placing:

[cashandcard] 06/10/2019 23:25

Will be an interesting week ahead here that's for sure. I look forward to bookbuild result's. Take control of Rathlin/West-Newton. A sign they are moving into a bigger league.Cash

[divmad] 06/10/2019 19:10

Remind me where County is now. Not even in the EFL anymore.

[stockport loser] 06/10/2019 19:05

Newcastle....

[grannyboy] 06/10/2019 17:07

Depends how strong the demand is, the company have stated previously that they wouldn't place at a lower price to the previous one, the last one was at 1.1p, but this is a much larger sum, but the prize is also a lot higher ... Would be a good result to get one away around the last.one or preferably at a premium.

[homebrewruss] 06/10/2019 16:21

Doesn't the share price usually fall to the placing price anyway post placing?

Not always the case I know and perhaps less common for companies that aren't doing it to keep the lights on but still quite likely.

[thetoonarmy2] 06/10/2019 15:35

yes me too

ccr. get your broker to apply its a bookbuild so get on it first thing tomorrow would expect it to fill quickly

[ccr1958] 06/10/2019 10:13

How do u apply for placing ?

[stockport loser] 06/10/2019 06:52

Given your location you probably are a Man U fan! Now please use your own thread, this one is for free speech.

[currypasty] 05/10/2019 20:33

anyone going for the placing?