Reabold Resources Share Discussion Threads

[nicosevos] 01/4/2020 10:12

Yes, have done....
gl

[soulsauce] 01/4/2020 10:02

Hi Nicos, I stopped being a paid member about 6wks ago but for some reason I have remained blue, although I have lost all the other privileges.
Ensure you have stopped your direct debit with your bank. I rung the subscription number, sent an email and stopped payment with my bank and they were still sending me messages to say they had not been able to take he next payment. Useless!!

[nicosevos] 01/4/2020 09:46

Well that's it for me, Sitting on my hands 'till we get back
to some sort of normal......
And this is my last day on Advfn, as a paid up subsciber.
gla
Bye!!!!!!

[grannyboy] 26/3/2020 07:53

Wonder who bought the near 31 million shares at close yesterday... Was it a pi or an ii?

[oilbuy] 25/3/2020 21:10

Further more, the last placing was at .9p that doesn't mean that todays price is cheap. The people buying here are retail investors not institutions. Institutions are selling into strength for the last few quid they can get. By the way the Cheveron interview is about what that are doing to protect their company in current market conditions. Stockport your response is amature at best and immature. Good luck with your trading you will need it.

[uggy100] 25/3/2020 19:18

In the light of the economic crisis I wonder how much longer the spat between Russia & KSA will go on. In the meantime we hope that a cure for the Corona virus is found (there seems to be some progress being made so fingers crossed.) IF a cure is found in a relatively short time period, whilst there will be a severe recession it may prove to be short lived . We can only hope.

[oilbuy] 25/3/2020 16:31

Whether the article is with Bloomberg, Fox or CNBC is irrelevant. It's the CEO of Chevron, ( Mike Wirth ) the fourth largest oil company in the world 160 billion market capitalization discussing their plan for a scale back on capex in the Permian basin due to the drop in oil prices and the excess oil production which has no home to go to. Mike states in the interview that they will not be looking to purchase assets or companies in the foreseeable further. Why ? Because we are only at the start of this cycle. Oil in real terms is hard to sell , hence the massive discount sometimes down to 8 dollars a barrel. The problem now is the lack of storage space. World oil consumption is 10 million barrels a day less then a month ago. The cost of storage has doubled and trebled in some cases. Canada plans to cut production ( Suncor 50% cut with is 150k bopd )If you had listened to the interview you would have understood my point. Directors need to hold onto cash. Spending in this climate is bad business. We have not seen the true reflection of the market and will not for another few months. The oil price will drop further as the true light of the economic situation unfolds in the US. The chances of the US and the world going into long term resession is very real and upon us. Greta Thunberg will be ecstatic.

[cashandcard] 25/3/2020 14:31

oilbuy,


Of course, we are heading into a recession, time to stash all the cash under the mattress. I do think there should be a moratorium on deals now. However, we have to balance that with the MO of this company. It was setup to take advantage of distressed assets in the 2014-2017 oil price downturn, then add value to them - its a vulture looking carefully for that chunky morsel that's almost onto its last legs in a barren wasteland. Anything they *maybe* looking at will probably be very low opex and potentially high turnaround value - and for a possible deal sometime in the future, not now.

I also agree with the point made regarding the current assets, they need to push all of them towards monetisation (cashflow, disposal, IPO etc) so shareholders can realise full cycle investment here.


Cash

[oilbuy] 25/3/2020 13:54

You don't need to tell me what I need to understand. I understand a lot more than you do.

[stockport loser] 25/3/2020 13:43

You use Bloomberg? Next month they will be saying $100 brent. Firstly you need to understand what the longer term implications are for the current actions and secondly realise the difference between discovering and producing. Current oil price hits sentiment and all related companies, it really hits companies that need money or have to much debt, it whacks the big producers where revenues are decimated. RBD is an opportunity given the drop on overall market.

[oilbuy] 25/3/2020 12:57

https://www.bloomberg.com/amp/news/articles/2020-03-25/oil-s-60-crash-is-the-tip-of-an-iceberg-the-reality-is-worse?__twitter_impression=trueBut directors here want to capitalise on cheap assets. You couldn't make it up.

[stockport loser] 25/3/2020 07:41

Yes a definite delay of circa one month, May at earliest but my bets on June. The approval for testing will help firm the share price for now. Still think we can see 1/1.20p this year which is 4 bagger from here.

[steelwatch] 24/3/2020 14:13

What with attempting to get provisions, I missed this:

Reabold Resources
@ReaboldPLC
#Rathlin is fully funded for the two-well programme, with the first appraising the Kirkham Abbey formation and testing the deeper Cadeby formation at its optimum location #RBD #OOTT
5:05 PM · Mar 19, 2020·Twitter Web App

[stockport loser] 24/3/2020 09:30

WNB to drill start of April, test to be given go ahead any day, even in these markets this is a good play for next 6 months, perhaps ops might get delayed as of lock down, anyone know if this work can still go ahead?

[oilbuy] 23/3/2020 13:02

To put in context the share price has to go up 200% to get back to the discounted placing at .9 pHow far there are from the 1.6p high before the placing

[oilbuy] 23/3/2020 12:59

Reabold and its investee companies are financially robust under current market conditions and Reabold is in a position to potentially take advantage of acquisition and investment opportunities that these conditions present.Taken from 13th March RNS.Management need to cop on and do nothing here. Spend nothing and look at nothing. They need to deal with existing assets and try to reduce costs.This detail above shows me how naive and inexperienced the board are at running the company. It also shows the lack of understanding and comprehension of the economic position we find ourselves in today.Presently we are 50% from the bottom.

[cashandcard] 20/3/2020 15:54

Westmoreland lad,


How goes it? I'm staying out of markets save for a handful of longterm stocks. Most of my portfolio tied up in property these days. SNG, I'll have a look at them.


Cash

[westmoreland lad] 20/3/2020 15:52

Hi Cashandcard -- you not even want a slice of the SNG pie ?