Reabold Resources Share Discussion Threads

[showmethemoneyhoney01] 08/10/2019 16:21

It was released at 4.45

[stockport loser] 08/10/2019 16:15

0.9p, that's fine and I think they will get over subscribed, 0.95 I was looking for so I can live with that. Of course the share price told us roughly where it was going to be, yet all we have heard is 1.1 and 1.2 - there are a lot of sheeple in RBD which is no bad thing in my mind.

[korvet] 08/10/2019 16:13

Speculation, nobody knows until the RNS is released. K

[grannyboy] 08/10/2019 16:13

EDITED .... Obviously didn't see the RNS ...Apologies..

[showmethemoneyhoney01] 08/10/2019 16:02

Will drop badly, yeah right. Let's see where this is in a month and a year. Tomorrow is just that.

[showmethemoneyhoney01] 08/10/2019 16:01

Which ever way you look at it, the company will have £24m cash to do what they think best to create shareholder value from here on.

[jammydodger1] 08/10/2019 16:01

Will drop badly tomorrow

[showmethemoneyhoney01] 08/10/2019 16:00

It's in the RNS

[astralvision] 08/10/2019 15:58

ltinvestor Is that factual or speculation?Guess we will know soon enough.I would view 0.9p as rather a poor show but would be unsurprised

[showmethemoneyhoney01] 08/10/2019 15:58

Hardly surprising considering they have just raised 50% of their market cap. 10% discount, I can live with that. Let's see the TR1's to follow.

[babbler] 08/10/2019 15:52

Thought it was meant to be 1.2p

[nicosevos] 08/10/2019 09:51

With an accelerated bookbuild, the offer period is open for only one or two days and with little to no marketing. In other words, the time between pricing and issuance is 48 hours or less. A bookbuild that is accelerated is frequently implemented overnight, with the issuing company contacting a number of investment banks that can serve as underwriters on the evening prior to the intended placement. The issuer solicits bids in an auction-type process and awards the underwriting contract to the bank that commits to the highest back stop price. The underwriter submits the proposal with the price range to institutional investors. In effect, placement with investors happens overnight with the security pricing occurring most often within 24 to 48 hours.

[showmethemoneyhoney01] 08/10/2019 09:15

It's a book build, not a placing. They will agree price between themselves,lol

[fireplace22] 08/10/2019 08:41

I'll still wait for the placing to put more in. I well remember HUR's placing being well oversubscribed and they only got it away at 32p that after being 60p a few weeks earlier. Anyway we'll see soon enough hope I'm wrong I usually am.

[nicosevos] 08/10/2019 08:38

If it's only amongst institutions, they'll agree a price between themselves.
Can't see it being at a premium though.

1.10p last time, soooooooo, the same again?....I hope!!!!

[showmethemoneyhoney01] 08/10/2019 08:36

All depends. If an institution want a serious chunk of RBD, they could not buy on the open market. It is held by quite a few institutions which is unusual for an AIM company with such a low market cap. These guys have built up some great assets in a relatively short period. Westy, could easily be both at a premium and over subscribed. The CEO's must have put some feelers out before committing to such a raise and will need shareholders approval. I've been adding, banking some of my METRO profits.

[fireplace22] 08/10/2019 08:27

If they get anything above 1p in this market I'll be astonished.

[westmoreland lad] 08/10/2019 08:23

Sorry got those figures wrong.

My point is, will this book build be at a premium and over subscribed ?

[stockport loser] 08/10/2019 06:58

Christine Oil selling down UJO probably to be in RBD placing. To be fair looking at the two companies now there is only one choice - the N Sea assets I quite like, with a drill in 2020. This will be a good investment in next 12 months, with a number of potential trades to benefit from.

[showmethemoneyhoney01] 08/10/2019 03:58

Westy, unsure of the point you are making?

[westmoreland lad] 07/10/2019 22:04

and now showme the ? is ------> how do you bet.

[stockport loser] 07/10/2019 15:22

RNS as expected, it needs shareholder approval of course, so they can't go to low with the offer or incumbent holders will be against.

[showmethemoneyhoney01] 07/10/2019 14:58

Great strategy. Will have controlling interests in possibly both projects.