Reabold Resources Share Discussion Threads

[currypasty] 24/2/2021 13:08

interview earlier this week about corralian investment

[currypasty] 24/2/2021 11:34

thanks steel, that's what im getting at


"FIL Limited (“FIL”) was founded in Bermuda in 1969 and is supervised on a consolidated basis by the Bermuda Monetary Authority. FIL is a privately-owned group comprising of two divisions, Fidelity International and Eight Roads"

so, back to the question, who controls these 'privately owned' divisions


I suppose I was trying to see if there was any links vaguely to large oil companies, hedge funds, or groups who may possibly support a bid for RBD in the future

[currypasty] 24/2/2021 11:13

yes, but who actually controls the part of the fund that has invested in RBD

FIL resides over 500 billion of clients assets

It is a huge Company with many arms and departments

[32campomar] 24/2/2021 11:10

Quite a vote of confidence from a big institution

[steelwatch] 24/2/2021 11:03

FIL - Fidelity International Ltd

[currypasty] 24/2/2021 10:31

Just over 5%... will they continue to buy... you can never work out these institutions listed in Bermuda.. who actually controls them ?

[currypasty] 23/2/2021 17:22

yes mate, its a bummer, going to cause some issues..

however, their loss is someone else's gain..

[monet] 23/2/2021 14:52

Currypasty don't know if you've seen this, RBD is on the list

Thanks to BillyRay on Amur Minerals bb

“The stocks we are withdrawing from our leveraged offering generate a low return versus the capacity they consume.
Therefore, by tackling 1000 of the over 12,000 equities we offer we can ensure we prioritize the core markets our clients trade.”

“We are informing clients with relevant positions”

“We will communicate this with clients with positions on Wednesday 24th February.”

[currypasty] 23/2/2021 14:01

video of west Newton site... all quiet, seems even protesters have gone... looks like March now for EWT

[grannyboy] 23/2/2021 13:46

I would lol, but the downward pressure in these has been going on for over a year.

Well they might surprise with an rns before friday, but I'm resisting holding my breath.

[currypasty] 23/2/2021 11:57

lucky, just loaded IG to see, this is what it says for RBD

Closing only: Market unavailable to open

[currypasty] 23/2/2021 11:52

Last working day of February this Friday

Why do a presentation, clearly stating EWT would start in February then nothing?

The EWT on WNA never did happen, and no valid reason along the way why not..

Is WNB1z the same, shall we wait another year, then drill another hole instead?

[luckykids] 23/2/2021 11:47

Think downward pressure may be coming from IG index stopping spread betting in a lot of aim companies. One being RBD

[grannyboy] 23/2/2021 00:03

The £1mil investment in Corallian could have been used to drill approx four wells(50% of costs) in California, each well producing between 150-300bopd +gas... There won't be any drilling by Corra!Ian for about two years..

Unless the two boy wonders arn't telling shareholders the full story on California, then I know where my investment would be going at this time and it wouldn't have been the Corrallian bank account..

[grannyboy] 22/2/2021 12:21

Forecast rising oil prices eh! Maybe it would be a good time/idea for the boy wonders to suggest to the drilling management company in California if they wouldn't mind drilling a well or two to take advantage of the rising oil price!

[dan de lion] 22/2/2021 12:04

Goldman forecasting that Brent will reach $70 in the second quarter going up to $75 in the second half!

[croasdalelfc] 22/2/2021 09:39

Yes and for £1m they get between 18/20% of project depending on interest for CLN and possibly up to 35% depending on price . If they flog it for £20m then £1m investment becomes £4m . If they flog it for £10m, £1m becomes £2m.

[canigou2] 22/2/2021 08:49

TBH, this is no surprise. They already told us they would do this on slide 18 of the January corporate presentation.hxxps://reabold.com/investor-relations/reports-and-presentations/

[currypasty] 22/2/2021 08:44

It would appear partly so soul, roger shareholders to raise money to give to corralian ... it had better be worth it!

My guess is the corralian money is to get the company ready for a sale/ipo/ reverse
Even doing a prospectus is expensive these days

[grannyboy] 22/2/2021 08:44

Yes the high fiving over ZOOM must have been deafening after completing their latest deal!

[soulsauce] 22/2/2021 08:31

So this is why they bent us over to issue more confetti.
Rubbish.

[croasdalelfc] 22/2/2021 08:31

A Simple scenario: 1 / scenario : a £10m sale of asset. That would trigger the CLN . New shares issued would be at £3.20 giving RBD 278k + 312k = 585k out of 1065k (55%) .RBD would then get £5.5m from the sale though the money goes to Corallian not direct to RBD

[croasdalelfc] 22/2/2021 08:25

The only way they can monetise it is a corporate action. Taking it through development isn't an option . The previous fund round was £2.20 a share . This is capped at £3.20 a share. Even at £1.50 ie no corporate action RBD ownership of Corallian will go over 50% . At the moment RBD have 278k shares out of 753k

[currypasty] 22/2/2021 08:14

interesting they specifically mention this... must be on the cards, IMO


If, during this period, Corallian is acquired, undertakes a material disposal of assets, an initial public offering or a reverse takeover, where the relevant valuation (each, a "corporate action") is greater than GBP3.20 per share, the Convertible Loan will convert at GBP3.20 per share