Reabold Resources Share Discussion Threads

[soulsauce] 06/3/2021 09:11

Indeed Curry.

[currypasty] 06/3/2021 08:57

absolutely, some strange goings on here, and you can bet your bottom dollar its so someone other than long suffering shareholders make a tidy sum...

[dan de lion] 06/3/2021 08:49

With West Newton having they reckon up to 300+ million barrels of Hydrocarbons in the ground, with the general valuation of oil in the ground at 1-2 dollars a barrel, shouldn`t RBD have a higher value to reflect this?

[ntv] 05/3/2021 09:54

why don't shareholders vote to have them removed ?

[p@] 04/3/2021 17:34

Takes the focus off Wressle as well.

[bageo] 03/3/2021 22:16

Steelwach:

They were surrendered as expiring - you may find the details on an RNS from other partners e.g.

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, announces that in accordance with the Operator's recommendation, the PEDL330 and PEDL345 licenses, which were due to expire on 31 July 2021, have been relinquished with an effective date of 31 January 2021.

Baron held an 8% interest in both PEDL330 & PEDL345.
11 February 2021

[steelwatch] 03/3/2021 21:56

Just put a request in via the website for information as to the current Colter and adjacent acreage licences. All mention seems to have been wiped from both Corallian and Reabold sites. Anyone here know?

[corgies2] 03/3/2021 14:32

Pipeline finance from the Infrastructure Bank / Freeport ? !

[thetoonarmy2] 03/3/2021 13:56

Even Malcy totally underwhelmed today Reabold ResourcesReabold has announced that they are selling £500,000 of convertible loan notes in Corallian to a group of strategic investors whilst retaining £500,000. I can't honestly see this making much difference but management comments are below!Stephen Williams, Co-CEO of Reabold, commented:"We're pleased to be selling £500,000 of our convertible loan notes in Corallian to a group of strategic investors. Their support for an IPO, RTO or other listing alternative for Corallian is consistent with our monetisation goal once Corallian has created further value. We're also delighted to have the opportunity to work alongside these strategic investors to progress other projects within our wider portfolio.

[soulsauce] 03/3/2021 08:53

They are on a different planet, that is for sure.

[currypasty] 03/3/2021 08:51

thanks soul, the main thing that lets it down is the talk of shareholder value...

perhaps they could look at the shareprice, are they in a parallel universe?

[croasdalelfc] 03/3/2021 08:49

From the viewpoint of other shareholders in Corallian- 58 of them I think ..To move Corallian forward needs more money but most are cash strapped or want guarantees that Corallian is not a bottomless pit to throw there cash into. So RBD offer £1m to take it through to IPO RTO or whatever . The shareholders stump up nothing now but get diluted down the road .Most of the risk is with RBD - though the backstop is higher %age of Corallian at £1.50.The reward is IPO RTO and a larger share of Corallian at £3.20.The reward for Corallian shareholders is dilution at £3.20 (previous fundraise was £1/20) and the IPO/RTOThat risk/reward is now shared by strategic investors - probably HNW mates of S&S

[currypasty] 03/3/2021 08:27

An investment company buys it for 500k, sells it for 500k... hello!

"The strategic investors have indicated their support of an initial public offering ("IPO"), reverse takeover ("RTO") or similar for Corallian, which is in line with Reabold's strategy of clearly identifying monetisation opportunities across its portfolio. The strategic investors have also signalled their intention to support Reabold in facilitating further potential strategic value creation opportunities across the wider Reabold portfolio."



First part, great, get it listed, realise some value for RBD!

Second part.. do strategic investors get cheap RBD shares before first part, to ensure THEY get decent value creation..


what about the poor sods in at the 0.9p placing guys??????

[grannyboy] 03/3/2021 08:23

Says it all... Even the markets are not getting excited by this latest non shareholder value creating ruse!

[ntv] 03/3/2021 08:19

WTF
no profit (I thought the idea in business was to make a profit), Mates rates,
needs investigating imho , What a farce

[currypasty] 03/3/2021 08:13

the convertible loan is obviously to me, a bung, a golden hello.. Corallian has to be listed, or sold at some point to move it forward and have access to bigger £££ than RBD cant support. You watch, those strategic investors will do very well from that 500k investment..

[soulsauce] 03/3/2021 08:01

That is what worries me the most.

[32campomar] 03/3/2021 07:49

I think this is very positive. Particularly this 'The strategic investors have also signalled their intention to support Reabold in facilitating further potential strategic value creation opportunities across the wider Reabold portfolio.'Monetising West Newton?

[grannyboy] 03/3/2021 07:48

There are just some things in life you just can't get excited about, and RBD are starting to be one.