Reabold Resources Share Discussion Threads

[grannyboy] 17/2/2020 13:03

It looks like the company's flunkies(nomads, pr/ir) are out in force today ticking up posts that is sycophantic to the company, and acceptance of the with-held asset activity...

[ileeman] 17/2/2020 09:47

Uggy a calculated risk.

Success is more likely than failure at this point just a case of how big is it imo, S&S are smart guys and they have ii backing who have paid huge sums of money all the way upto 1.1p

They raised a large sum at 0.9p and increased exposure to a great asset medium term it is a great deal short term always gonna get people moaning.

[uggy100] 14/2/2020 17:16

I don't get the theoretical value at this stage. There is substantial risk involved with WN as a result of the chuckle brothers monstrous raising, we need the EWT to be a success to justify their strategy , for all LTH's to benefit. I have reached the conclusion that they have put their ego's before our interests.

[tunley] 13/2/2020 16:59

Grannyboy

"But it's hypocritical to tell people to be patient when there is calls for updates and for activity to get started, but different when it comes to posting up 'rumours' of activity that is long overdue."

This isn't English and it doesn't make sense either! RNS's aren't like slagging a restaurant off because the meal was late for heaven's sake. We can't 'call' for updates just because we're fed up of waiting. AND I know, we now all fed up - but that's the thing you see. Waiting is what the LTH does. It f##king hard and full of doubt, but if you believe in the company's fundamentals as I do then just shut up and do the wait.

A clever post the other day - either here or LSE or twitter even: 'Waiting is bitter but it's fruits are sweet'.

[oilbuy] 13/2/2020 16:57

A share price of 10p ( you said between 9 and 12 ) would equate to a market cap of 600M in 3 to 5 years. Not to mention the exercise of warrants or director options.A market cap of 600M would equate to a 5000 bopd production. That would equate to 10 wells or more producting 500 bopd without factoring in decline rates. Is it possible ? I would never say not impossible, however there has been no production on WN and we do not know the potential for flow rates etc untill we leave a well on production for longer than 6 hours or 24 hours or 1 month. The planning delayes in UK are exhaustive.So1. Will there be another fundraising 2. Will there be a consolidation 3. Why list on AIM ( laxed regulations ) and not on the main market4. Who is selling. It's clearly institutional investors and why at .65p when placing was done at .9pTime will tell but my experience on the AIM market with oilers is spikes are short lived and long term production is rare but not impossible. It takes a long time to get a full field development plan into action ie production, even when all is going to plan.Lets see !

[grannyboy] 13/2/2020 14:52

"EWT to start in next few weeks.(Rumoured)"

There's been rumours for weeks, which is only natural because of the long delay and not much in way of updates, without any activity...

But it's hypocritical to tell people to be patient when there is calls for updates and for activity to get started, but different when it comes to posting up 'rumours' of activity that is long overdue.

[ileeman] 13/2/2020 14:37

EWT to start in next few weeks. (Rumoured)

UJO 16.6% West Newton 0.15p placing - shareprice 0.16p 7.5% premium to placing.
RBD 39% West Newton 0.9p placing - shareprice 0.65p 40% discount to placing.

Big catchup by Reabold at some point, 40% move just to meet placing price.

[flagon] 13/2/2020 12:32

Added recently to my position ... agree with #6467. The whole o&g sector is down at the moment yet things carry on the best they might ... TXP has had some very good news recently and their share price has been rewarded ... our time will come.

[tunley] 13/2/2020 11:41

Oilbuy and Divmad

Handy formula to answer your question.
LTH = 3-5 years + (patience)squared.

By the way re Cali assets.

I believe the idea was that the income off Cali would support the overhead of RBD going forward so that they could monetise other assets that would come and go, so yes, it's odd that S&S are saying it's funding it's own expansion.

Strictly just my own gut feeling is that the radar silence isn't only because they await EA approvals to proceed at WN. I reckon with no basis in fact at all, that they're lining up either disposal of Cali/Parta (maybe even WN to Ineos - wouldn't that be fun) or they've almost dragged another highly accretive project to ground and they've no time for Media comms in consequence of this.

[cashandcard] 13/2/2020 11:13

Divmad,


Fair point. They either need to sell it on or go for IPO, that is still awaited. I am intrigued as to why its not been sold off yet. Maybe needs a little more appraisal/development before it is saleable.


Cash

[divmad] 13/2/2020 11:07

Cash, can you please explain to me how taking the Cali assets to development has added share wealth to existing shareholders? All the bulls talk about is the theoretical mis match between acquisition price and exit, but I don't see any exits.

[cashandcard] 13/2/2020 11:07

I'm also disappointed with share price performance of the last few months. But I will stick my neck out and say, if WN goes to plan, this will be multiples from here over the next 12-18months. It may not seem like it, but its a 'darkest before dawn' kind of moment right now.


Cash

[divmad] 13/2/2020 11:04

Turnley, having already ridden this out for 2 painful years, how much longer is the long suffering PI to wait before getting any accretive value to his investment with real money?

[cashandcard] 13/2/2020 11:00

oilbuy,


The business model here is not for them to run an oil & gas company and/or be technically versed in running one. They were clear about that from the start, they are money managers, cleaning up the best assets where a disconnect between project merits, asset values and funding exists, in lower-risk/appraisal stage assets. Aslong as they can add value, in time, there should be a monetisation event or many if done at asset level. What could that look like?, development & cashflow for certain assets, IPO and Asset Sales for others. We have seen Cali go to development, yet we have not seen any IPO or Asset sales as of yet. I believe it will come, they do not have the clout or ability to take WN to development. They just need to participate and steer it (and other assets) through appraisal.


Cash

[oilbuy] 13/2/2020 10:37

My post is regarding the skill and experience of running a company. The complexities of that is a whole different ball park.Granted the guys have managed to raise £20M in a difficult market , however this is only a small aspect of the company. Getting a return on that money and creating shareholder value is another. RBD is not operator on any asset, are they technically versed or experienced on running O & G assets ? If not I see a big negative in this. As you said it's about time , so how long do they need before shareholder value is accredited ? Right now they are close to 50% down on the placing price that was done at an incredible discount to recent highs.Theses are highs that many retail investors got spike on. I await your response !

[ileeman] 12/2/2020 13:56

Also it seems some dont understand basic o&g progress, not alot they can do whilst waiting for EA approval.

Final hurdles being jumped as we speak.