Reabold Resources Share Discussion Threads

[theaviator] 29/5/2020 00:36

Well have decided am going to buy another 1.5ml of them mate so that only leaves....come on get yer wallet out! ;)In all seriousness, it truly is only a matter of time. This is one of the "safer" companies around if there is such a thing. We have a very good chance on a few fronts too.

[showmethemoneyhoney01] 28/5/2020 23:50

Fudged figures. Not good short term for us shareholders. S & S better have this right long term. Their whole idea behind Reabold was multiple spread investments in near term production that was short of cash. They have tied up most the capital in NW. Not the business model they started with.

[soulsauce] 28/5/2020 23:22

Right, ok.

[stanley wolfe] 28/5/2020 22:46

Why would Humber after aquiring 350,000,000 at 1p sell at this price when they also have 1.4 Mil in cash

[soulsauce] 28/5/2020 15:19

Well that might be true if we had cleared the last overhang.

[stockport loser] 28/5/2020 13:22

small overhang of 120m shares wont take more than two weeks to clear. They could hedge the remaining two thirds by shorting which would create further pressure, however given the impending action and newsflow they would be more likely to just hold and sell into news on high volume days. But to be clear, this really now is about WN - Ant and Dec have to deliver on their confidence in the asset

[soulsauce] 28/5/2020 13:06

That and issuing cash strapped Humber 350m shares, 33% of which are not locked in and the remaining 67% only locked in for 3 months. Consequently another huge overhang to clear to add to the last.

[showmethemoneyhoney01] 28/5/2020 12:54

I think it might be down to the lack of risk spreading which Reabold were all about when they started the company. They are heavily invested and exposed to one project.

[soulsauce] 28/5/2020 12:50

Yep gone down well the news yesterday ☹

[soultrading] 28/5/2020 12:07

Little price dip creating opportunity

[cashandcard] 27/5/2020 16:37

With yesterdays news, this is merely a waiting game now. The drag of Humber, who were having problems for quite some time, is gone and the project interest gained at low cost will enhance the overall value for shareholders here. I've taken a little more now after sitting out of the markets since Covid-19 started crashing it. Think once field activity starts, there will be a buildup and rush ahead of ewt and drill results. Here's hoping WN delivers the goods and we realise a proper return on investment.Cash

[currypasty] 27/5/2020 15:48

" Reabold Resources (RBD) announced the conditional acquisition of a further 16.665 per cent. interest in West Newton, plus a £5 million “Discretionary Cash Facility” with “death spiral” potential. It’s good news for Union Jack Oil (UJO), less so for RBD shareholders. "


not a follower off 'oil man Jim' myself, so for info only

[dandadandan] 26/5/2020 17:46

Paid out £1.4m cash plus 350m shares ( currently 60p ).
So a total of £3.5m at current value for an extra 16.6% of West Newton, That's £41m ++ on the NPV.

'Cash is King' and well funded for any eventuality with £5m extra available if called upon.

Money makes money..

A time to relax and enjoy the ride. Get ready for an upward share price Summer trend, IMO.

DDDD.

[homebrewruss] 26/5/2020 16:57

A couple of interviews from today

[waterloo01] 26/5/2020 16:39

He looks rather pleased with himself.

[homebrewruss] 26/5/2020 15:59

A couple of interviews from today

[currypasty] 26/5/2020 15:22

malky's view

[theaviator] 26/5/2020 13:11

Ps not interested in that other so go discuss that there. There's a BB for it am certain!West Newton is worth 50p alone in reality! Dyor

[theaviator] 26/5/2020 13:10

Simon totally agree mate. Just a first target area that's all.

[grannyboy] 26/5/2020 13:08

Yes but the market doesn't believe it, and can only see feet being dragged..

[simon_64] 26/5/2020 13:05

3p is a massive discount to what I believe these will be.