Reabold Resources Share Discussion Threads

[grannyboy] 15/11/2019 08:45

They have just done a fundraise to purchase a larger investment in what could be the biggest uk onshore hydrocarbon find in 50 years ... Plus further investment in a gas find in Romania which exceeded expectations substantially ....

I would call that good use of the investment money ... It's not been used just to keep the lights on, but to quadruple+ the invested funds.

Obviously alamaison5 those facts are lost on you !!.

[alamaison5] 15/11/2019 08:28

Just another 200,000,000 to get rid of. PLACING AFTER PLACING AFTER PLACING, AGAIN and AGAIN, and AGAIN...
CHECK THE HISTORY...

[simon_64] 14/11/2019 14:45

Buying time.

[astralvision] 14/11/2019 13:40

Added a few myself

[currypasty] 14/11/2019 13:35

just got another mil.. looks like it could turn

[sportbilly1976] 14/11/2019 13:35

upwards movement.... :)

[alamaison5] 14/11/2019 12:52

soulsauce14 Nov '19 - 10:31 - 6249 of 6250 0 2 0
RBD have done far too many raisings in such a short period.

Yep, like if they were desperate to get the dosh as quick as possible. Lake of confidence? Some issues with lenders (flexibility?)

Many investors and traders were put off buying because of this.

[uggy100] 14/11/2019 12:31

Grannyboy, I'm not stirring Rathlin stated at the local liason group a week or so that preparing the WNB well pad in the 1st qtr would be pushing it let alone drilling.

[soulsauce] 14/11/2019 10:31

The valuation of that oil is the same whether you have an overhang or not, and whether you have 100m or 6bn shares in issue.

That said RBD have done far too many raisings in such a short period.

[alamaison5] 14/11/2019 10:25

All this hard work/success to end-up there, lol.
I truly feel sorry for you guys. You deserve better management, not a geologist.
1) RBD Needs to get rid of that overhang
2) Need to monetise
3) Stop milking the PI

Then you might have a chance to get a proper valuation for the oil in olace.

[grannyboy] 13/11/2019 23:55

Where are these different plans from RBD and Rathlin? ..As far as I'm aware they are still planning to drill two wells in the 1Q of 2020 .. What other plans are you claiming are different or conflicting, Uggy100? Or are you just trying to stir !!!

[plasybryn] 13/11/2019 22:58

Buy or a sell?

[uggy100] 13/11/2019 20:52

I still struggle to get my head around RBD coming up with their operations plan for WN only for us to hear a few weeks later by Rathlin something different.

[1lovejoy] 13/11/2019 18:43

Nothing wrong with placing. Big investors have the info and happy to invest. Its the likes of ck oil, bmd, blue and avatior who are all day traders and all start to ramp at same time to drive share price up whilst selling into it. Avatior does it all the time. Milton also could be selling but that seems to be another reason. Once they're gone we will rise.

[currypasty] 13/11/2019 18:35

30 mil trade just showing

[plasybryn] 13/11/2019 17:58

How on earth did they manage to get a £24m Placing away with sentiment days later like this? Were all these experienced, professional investors hood winked or is there something very strange going on here and at UJO for that matter? I'm struggling to comprehend.

[bscuit] 13/11/2019 16:51

A thought, though I have 2.5M bought at in the past at current levels.

Were the fracking objectors objecting as much to new infrastructure on the ground as to the process. The WN development will involve significant infrastructure on the ground as I understand it and there may be a concern about "political" objections from people who think oil in the UK should stay in the ground as it can - in their view - always be bought cheaply abroad. Witness UJO's original Wressle problems.

I note a continued price retreat.

[sportbilly1976] 13/11/2019 13:43

30 mln delayed sells through this afternoon....

asset there, just patience to clear the stock required

[bad gateway] 13/11/2019 13:38

Could the price weakness be election worries? What happens to the UK oil and gas industry if Corbyn or worse the libdems get in? Do we get all energy projects cancelled across the board and have to wear windmills on our heads instead?
They are pretty manic nowadays- anyone know the relative policies?

[oilbuy] 13/11/2019 13:07

Looks like a sell to me

[ccr1958] 13/11/2019 12:58

Some big buyers coming in now ..

[fireplace22] 13/11/2019 12:52

hope we're not toast! ;-)

[simon_64] 13/11/2019 12:44

ugly

They haven’t let us down yet.

They are Marmite.