Reabold Resources Share Discussion Threads

[showmethemoneyhoney01] 08/10/2019 17:00

It's in the RNS

[astralvision] 08/10/2019 16:58

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 16:58

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 16:52

Thought it was meant to be 1.2p

[nicosevos] 08/10/2019 10:51

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 10:15

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

[fireplace22] 08/10/2019 09:41

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 09:38

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 09:36

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 09:27

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

[westmoreland lad] 08/10/2019 09:23

Sorry got those figures wrong.

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

[stockport loser] 08/10/2019 07:58

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 04:58

Westy, unsure of the point you are making?

[westmoreland lad] 07/10/2019 23:04

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

[stockport loser] 07/10/2019 16:22

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 15:58

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

[westmoreland lad] 07/10/2019 13:00

ccr1958
6 Oct '19 - 10:13 - 9 of 14
How do u apply for placing ?

ccr -- some brokers are not handling the book build ie. Interactive Investors, so
you need to ring Stifel on 020771077600, speak to Ashton for guidance.

[thomas11] 07/10/2019 10:57

Excellent presentation - I agree this should have been made available to existing investors . Having 50% of WN is well worth the dilution imho although only time will tell

[theaviator] 07/10/2019 10:38

Taken another 15k worth there

[stockport loser] 07/10/2019 10:21

I'm guessing the original amount was for 30m, but they've reduced that to 24m given demand?

[theclangers] 07/10/2019 10:16

Does it not mean they are looking for 30m ether way by total capital raise or fully satisfied by issuing shares at 1.2 to Rathlin! Is it their way of saying it will/could be a mixture of both, so depending on how much cash is raised, the rest will be made up with shares.