Reabold Resources Share Discussion Threads

[uggy100] 13/11/2019 12:40

Im fed up lol. Been diluted then see delays in timescales. Whats happenned to VG5 which is meant to be drilled this Q . Curlew ? Dead in the wster im guessing but S&S sure dont like to tell us much.

[cashandcard] 13/11/2019 12:31

The entire point of RBD is that it is not trying to replicate several small oil companies in many jurisdictions. Rather take a stake and the money its injects gets pre-cashflow assets closer to cashflow or into cashflow ala California.

I think there are many who still don't fully grasp the model here. They are not trying to be another oil smallcap oil minnow - rather an investor in high quality appraisal projects.


Cash

[astralvision] 13/11/2019 12:28

Thanks oilbuySound points, not really considered the diverse geographical situation that much.RBD are basically investors , I think, and not Oilers as such.You can see why they wanted to grab a large chunk of WN, whether they've stretched themselves too far only time will tellThanks for your thoughts.

[theaviator] 13/11/2019 12:27

Buy em forget em!

[theaviator] 13/11/2019 12:27

It's a bloody bargain simple!!

[soulsauce] 13/11/2019 12:22

I find it hard to believe that those that chucked £24m at this didn't know what they were doing and were in it to only make pennies.
You don't risk that amount of money on a whim.

Not sure what is happening myself. All very strange that with the recent news this has dropped below the placing price.
The credibility of all concerned would be damaged beyond repair if those figures are out by any margin.

[oilbuy] 13/11/2019 12:20

I don't believe management understand the fundamentals of a listed entity. I think the company is too young to start taking excessive stakes in projects without cash flow which covers day to day expenses Patience makes money. Projects in 3 or 4 different Countries , very difficult to run unless you have lots of money and an upskilled work force and even then will face monumental challenges. The oil/ mining industry in particular. The operator always holds the purse strings.Production and lifting costs , thats the key to any solid growth. Otherwise its just institutional churn.

[simon_64] 13/11/2019 12:16

Astral

Ignore the white noise, sit on your hands.

[astralvision] 13/11/2019 12:07

OilbuyAbsolutely fair then, I wasn't in the stock at that point.What's your current take on the stock?

[oilbuy] 13/11/2019 12:02

Its not hindsight, I mentioned here it was time to sell at that point as the valuation was unrealistic inexcess of 70M

[astralvision] 13/11/2019 11:51

OilbuyYes, that was the time to sell, hindsight is a wonderful gift to have!Although if you managed to sell then, fair play to you.

[astralvision] 13/11/2019 11:49

I don't know if the protests by ER and others the WN and the planning time re Wressle play any part in the fall here.The oil is then and I can't believe it won't be extracted.Or is it just there's a few big sellers about desperate to get out?Longer term looks a good buy.

[oilbuy] 13/11/2019 11:45

The whole mechanics of this stock has been eroded, due to excessive dilution which in general is not understood by the management of theses companies on the AIM market. Crawl before you can walk , I say. Retail investor always gets bummed. 1.6 / 1.70 was the time to sell. Period.

[sportbilly1976] 13/11/2019 11:39

can now buy at/under the placing price and all placing participants who sell are doing so at a loss

I guess market not buying the volumetrics until provided by independent third party??

[simon_64] 13/11/2019 11:38

Milton and Coil to thank for this fab opportunity to buyou buy more.

[astralvision] 13/11/2019 11:35

Amazing price reaction off the back of Mondays numbers.Ho hum, looking like a longer term hold than I first thought!

[homebrewruss] 13/11/2019 09:22

Romania update interview:

[homebrewruss] 13/11/2019 09:22

Romania update interview:

[letmepass] 12/11/2019 22:59

Whatever happened to massive oil flows at Monroe. Company maker?

[sportbilly1976] 12/11/2019 13:34

hxxps://www.energyvoice.com/oilandgas/211876/west-newton-onshore-oil-discovery-could-be-largest-in-uk/

[sportbilly1976] 12/11/2019 12:03

buy/sell both at 0.9p currently for 500k

[sportbilly1976] 12/11/2019 09:56

virtually zero margin for any placing sellers now

in a similar vein to other stocks...good news makes no difference it would seem