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RBD Reabold Resources Plc

0.0625
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Reabold Resources Plc LSE:RBD London Ordinary Share GB00B95L0551 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0625 0.06 0.065 0.0625 0.0625 0.06 6,230,133 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 560k -45k 0.0000 N/A 5.93M
Reabold Resources Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker RBD. The last closing price for Reabold Resources was 0.06p. Over the last year, Reabold Resources shares have traded in a share price range of 0.0615p to 0.1975p.

Reabold Resources currently has 9,876,625,883 shares in issue. The market capitalisation of Reabold Resources is £5.93 million.

Reabold Resources Share Discussion Threads

Showing 7251 to 7273 of 14925 messages
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DateSubjectAuthorDiscuss
16/7/2020
06:27
More concerns in truth about the low ball pending bid I'd say ;) Cluff in a total mess
theaviator
16/7/2020
06:25
They would say that though wouldn't they? It's not in the interests to say anything else, they don't want the takeover to go ahead!
32campomar
16/7/2020
06:24
Let's see if the deal goes through!If it does at that price I'm happy to wait and will add another lumpy in here at the apt time. https://www.offshore-energy.biz/cluff-completes-north-sea-farm-out-deal-with-shell/ WN to look forward to first ;)
theaviator
16/7/2020
06:23
Why would they have serious concerns over WN. Its taking forever and the dilution along the way has been huge but serious concerns?
bad gateway
16/7/2020
06:21
Reabold's portfolio of investments

The Proposed Offer does not reflect the commercial and technical risks associated with the Reabold portfolio that Deltic shareholders would be exposed to in the event of a combination of the two businesses. The Board of Deltic Energy has a detailed understanding of a number of Reabold's investments, in particular, the West Newton project, which gives us serious concerns in relation to the technical viability, materiality and limited potential upside associated with various of these projects.




So basically a £40,000,000 MKT CAP for a load of sh*te!

cpap man
16/7/2020
06:19
So Deltic has concerns about the viability of WN, hmmmm interesting.
soulsauce
16/7/2020
06:15
16 July 2020

Deltic Energy Plc

("Deltic Energy" or the "Company")



Statement regarding Proposal from Reabold Resources PLC



The Board of Deltic Energy Plc (AIM: DELT), notes the announcement yesterday by Reabold Resources plc ("Reabold") regarding a potential all share offer to be made by Reabold for the issued and to be issued share capital of Deltic Energy (the "Proposed Offer"). The Board confirms that it received an unsolicited and non-binding approach letter from Reabold on 14 July 2020, which it unequivocally rejected on 15 July 2020.



After consideration of the Proposed Offer with its advisers, the Board of Deltic Energy rejected the Proposed Offer for the following reasons:



Value of the Proposed Offer



The Proposed Offer does not place an appropriate value on Deltic Energy, given that it places no value at all on its significant non cash assets, not least its share of two potential high impact exploration wells with their partner Shell and does not even reflect the existing cash balance of Deltic Energy.

Strategic rationale

The Board of Deltic Energy does not believe there to be a strong rationale, commercial logic or sufficient operational synergies that would justify a combination of the two businesses.



Reabold's portfolio of investments

The Proposed Offer does not reflect the commercial and technical risks associated with the Reabold portfolio that Deltic shareholders would be exposed to in the event of a combination of the two businesses. The Board of Deltic Energy has a detailed understanding of a number of Reabold's investments, in particular, the West Newton project, which gives us serious concerns in relation to the technical viability, materiality and limited potential upside associated with various of these projects.



Unlike many of its competitors, Deltic Energy is fully funded to deliver on its existing strategy, including for its share of two potential high impact exploration wells, which Shell farmed into following an extensive period of technical and commercial due diligence, as well as its working capital requirements through to mid-2022.



This announcement is not, and should not be construed as being, an announcement of a firm intention by Reabold to make an offer for Deltic Energy under Rule 2.7 of the Takeover Code and was made without the consent of Reabold.



In accordance with Rule 2.6(a) of the Takeover Code, Reabold is required to announce either a firm intention to make an offer for Deltic Energy (pursuant to Rule 2.7 of the Takeover Code) or that it does not intend to make an offer (in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies) by 5:00pm on 12 August 2020 (being the 28th day following the date of Reabold's announcement), unless the Panel on Takeovers and Mergers (the "Takeover Panel") has consented to an extension of this deadline in accordance with Rule 2.6(c) of the Takeover Code.



There can be no certainty that Reabold's proposal will result in an offer being made for the Company, nor as to the terms on which any such offer may be made.



Following the announcement made by Reabold, the Company is now considered to be in an "offer period" as defined in the Takeover Code, and the dealing disclosure requirements listed below will apply.



Allenby Capital Limited is acting as financial adviser to the Company in relation to the Takeover Code.

cpap man
15/7/2020
22:49
It's not confirmed that shell will drill a well this year, they state "At the soonest possible time".. The chances are the 'soonest' will be H2 2021.
grannyboy
15/7/2020
21:30
Hi mate, after a bit more research i agree with you, the offshore play to be drilled this year by Shell is on trend with WN, if they are going for this then the confidence in WN shows. Also as we know Rbd share register is dominated by large iis who must be on board, the Delt iis have given the nod, go with the money eh. Adds a bit if excitement however what ever happens, its still all about WN this year
stockport loser
15/7/2020
21:10
One thing I'll say and am being 100% genuine here - it shows how much trouble Cluff in matey. You should get a decent push in price now but don't overlook this one here.
theaviator
15/7/2020
21:05
Lol Am sure Cluff /Delta holders are less bemused. What am happy about here is the forward thinking of S&S. They mean business. Cash up from WN then onto the next biggie. Those North Sea assets are worth a fortune. CLNR struggling management wise and the boys know it but can turn it around. Love it tbh These two are v v clever guys. I've always said it but this gives me more and more confidence...RBD will become a monster!
theaviator
15/7/2020
20:54
And you think we will accept this awful offer

No way!

barnes4
15/7/2020
20:50
Delta has IIs in at 1.84 :)
theaviator
15/7/2020
20:45
https://www.delticenergy.com12.5ml - lol Bargain of the century!
theaviator
15/7/2020
20:38
There's.more going on than meets the eye ;) Think deeper. V happy with this.
theaviator
15/7/2020
19:57
BOD need to focus on the job in hand. Not look to issue more shares like confetti when The share price is at these low levels. RDB are clearly very undervalued on any measure & they should focus on improving this underperformance as a priority.
32campomar
15/7/2020
19:49
I'm not sure what to think of this possible bid. Surely, if RBD are super confident that the EWT would be a success then they should wait for this news to be released and then make the offer with a much higher share price Also Sachin and Steven have stated repeatedly that RBD's strategy is to invest capital into low risk projects where its investment facilitates near term activity. This possible deal doesn't appear to be consistent with this strategy. I wouldn't be surprised to see the shares marked down tomorrow.
dlm2602
15/7/2020
19:36
the deal isn't going to be done?
chrisa1
15/7/2020
18:39
Just the money they have raised by issuing over 6bn shares cpap. They have not added any shareholder value at all.
soulsauce
15/7/2020
18:33
£40,000,000 MKT CAP based on what exactly !?!?!
cpap man
15/7/2020
17:58
It's looking obvious that the two boy wonders hold the strings when it comes to getting the EWT started and didn't want it to commence while this offer was in the pipeline, and with the share price stuck in this range, it should have indicated something was going on..with help from their mates in the city no doubt!
grannyboy
15/7/2020
17:46
Indeed grannyboy.
soulsauce
15/7/2020
17:43
Their arrogance is breathtaking!!
grannyboy
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