Reabold Resources Share Discussion Threads

[currypasty] 03/2/2020 08:39

nice to see RBD blue, and buyers returning

[woddle] 31/1/2020 16:18

Worked order buys from earlier maybe showing up as sells. Just had to go to brocker for top up. I dont know but get a feeling shared are in demand. News on way ? I really dont know.

[ccr1958] 31/1/2020 16:09

Yes all is not what it seems judging by the share price

[chrisa1] 31/1/2020 16:07

655million shares traded?

[ccr1958] 31/1/2020 15:56

Oh maybe not.. ...40m sell and more and more ... share price holding up though. So far .

[ccr1958] 31/1/2020 15:53

Yea spotted that investor, being a random number like that one would hope so. Also the share price picking up is also Bullish,so fingers crossed.

[ltinvestor] 31/1/2020 15:19

126m shares traded at 0.7p.Is that the seller finally out?

[ileeman] 30/1/2020 10:58

As I said before very easy to see how good the momentum is in the small cap drillers space, 88E and BPC moving significantly into there Q1/Q2 drills.

RBD will be next might dip lower as bordeom sellers exit but as soon as testing gets announced this will start moving. Either buyers pay around 0.7p and sit on hands or end up paying more once EWT RNS lands.

[soulsauce] 29/1/2020 10:53

Oilbuy unfortunately Aim companies that have ANY regard for retail investors are as rare as rocking horse sh*t.

Both companies have played retail investors with placings, especially the last one's.

[king suarez] 29/1/2020 10:23

Most of your post is subjective and the rest is speculative, which 'facts' ?

[oilbuy] 29/1/2020 09:45

Based on fact !

[king suarez] 29/1/2020 09:34

You forget to add 'IMHO'..

[oilbuy] 29/1/2020 08:24

Management killed market mechanics here and UJO. Between the lack of knowledge of how the AIM market works and the fundamentals of running a company. With no regard for retail investors.Both will consolidate at some point with an even further loss for the retail investor.

[stockport loser] 28/1/2020 16:02

Oil companies are trading at a bigger discount than historical, but this has been a factor for a few years now as carbon becomes a dirty word, certain iis divest from O&G and peak oil became a distant memory with the introduction of US shale. I do think there will be one last golden period for oil, but for now its prudent to at times go to cash rather than sit and hold, of course different in SIPPs where there can be a longer term view.

[stockport loser] 28/1/2020 15:54

2. Communication - Not clear or good enough, they need to learn that its better to have clarity, even when the news may not be market pleasing, than fluff up RNSs. What happened over at I3E should be a lesson in this, PIs will react accordingly. 3. Values - the main issue is PIs thinking they can value companies and taking house broker targets without a pinch of salt. People should be using $55 brent to be safe.

[stockport loser] 28/1/2020 15:48

Yes there Cali and Rom but the share price is now dependent on WN success. Again if WN is so attractive why wasnt there other interest from UK companies? Will the dilution to legacy shareholders ever be matched by the increase in share price given the bigger share? I dont think so.

[stockport loser] 28/1/2020 15:45

1. The placing - the argument is not whether in the current market the amount achieved was successful or not, its whether it should have hsppened at all. You obviously know more than the usual chimps i have to endure on here, so you will know that big oil companies migate risk by farming down when they acheive a big find, RBD have "farmed up" so to speak, in reality they have gone against the strategy and put their eggs in one baskets

[ileeman] 28/1/2020 12:49

Cali has only aver been a bonus, extra cashflow is always nice.

Boredom sellers are clearing out but as soon as testing gets the go ahead this will be well above 1p. Downside is no one really knows how long Newton will get the go ahead, might be next week might be a couple months.

Obvious value down here especially with institutions paying 0.9p in the placing.

[tunley] 28/1/2020 11:47

Actually there's a third factor isn't there, which we'd all agree on - there's a total disconnect between a company's success at reserves/discoveries/CPR's and EWT results - even cash on balance sheets come to that, and what that does to the share price of in this case RBD. It isn't company specific is it? Look at UJO/PTAL/RRE etc etc, not RBD's fault.



But there are also many many positives which I see to this share - and no one says you have to 'like' management, they can be a load of self interested revolting gits as far as I'm concerned as long as their interests are aligned with mine, and I believe they are.
I.e. Cali can be as fluffy as f##k - despite some opaqueness on VG4 (think it was that one that started off at around 1000 bopd unchoked?) it's an astounding success to the point where it's self-funding all further work. That means a lot of money eventually.
Romania (Parta) is thought to be as good an asset as WN believe it or not: Does that mean they're looking for another £billion's worth there - and they've got 50% I believe.
WN - I'm in frankly - I believe it all. And it's onshore so lower cost, and it's UK so totally secure and the likelihood of Lower Cadeby coming in good is very high apparently -so there we do have 40% of £1 billion.

So how is RBD different given that the first para of this post suggests that this won't reflect in the share price anyway? Simply because they've always said they'll sell when the times right, which means they'll be in receipt of £400million jut from WN AT SOME POINT. Then if you allow half of that for Parta (i.e. half of what RBD are expecting) it means that dividends will be something to behold indeed - albeit a year or two away.
So I've got my tin hat on and like all good LTH's I'm sitting this out to the end.

[stockport loser] 28/1/2020 10:36

If WN is the bees knees then why did RBD have to dilute to take more share? Wheres all the oil companies wanting to take a slice? Before they started the rounds of looking for money the share price was 1.2, probaly after the OIP volumes RNS it would have been circa 1.5, its now half of that and given the amount of churn after 0.9, i very much doubt it will get anywhere near 1.5 this year. Until there is solid news on testing its not a vuy.

[stockport loser] 28/1/2020 10:29

Lol on Gollum. Facts are I've questioned the management here since 1.10p, current SP? Cali - fluffy all fine RNSs, no data. Rom - ramped the drill, six months later and more cash injected where the testing to see if the actual data reflects the fluff.WN - mega ramped the drill, biggest onshore blah blah, seven months later wheres the test?

[grannyboy] 27/1/2020 10:13

Theres no denying the lack of any updates or action does nothing for share price appreciation... There was a lack of any progress in California, they seemed to have stopped all drilling activity there until prior to xmas.

Its getting on for 6 months delay now with WN..Is it going to be ANOTHER barren week on the news front??