Reabold Resources Share Discussion Threads

[fireplace22] 13/12/2023 08:52

Probably have Starmer to contend with before June, the other lot wont last into the summer.

[likeawalrus] 13/12/2023 08:30

Finals - "The Joint operation between Rathlin, Reabold and Union Jack have a commitment to drill and test a new Kirkham Abbey deviated or horizontal appraisal well by June 2024."

the clock is running down fast on WN, yet no news regarding Rathlin funding from RBD or Rathlin despite the Shell payment, it's hard to see how they can drill in H1 unless the rig is already booked

[uggy100] 13/12/2023 08:08

Lmao the 2 crooks restart the buyback campaigb, shares will be held in treasury & that's their idea of returning value to shareholders. They remain a couple of slimeballs.

[sleveen] 13/12/2023 07:31

Satter's holding of 40% in Daybreak and Cuttaneo are probably worse for RBD shareholders than the gruesome twosome.

Look at ZEN share price over the past 5 years.

[uggy100] 11/12/2023 11:19

We have been told as little as possible by the scumbags & are now starting to get snippets from KS & co rather than from the 2 fools.deplorable.

[likeawalrus] 11/12/2023 09:48

I have always had serious doubts about the deal structure but now my confidence in the project is evaporating too. after the latest deal LNe have been issued 1.3 billion shares in total...shareholders should be told if there is a time restriction on the sale of these shares

[uggy100] 11/12/2023 09:37

You have to admit it smells a bit.

[uggy100] 11/12/2023 09:36

Maybe not law but it doesn't sound good to me. It just indicates the dubious reputations of the directors at LNE.

[likeawalrus] 11/12/2023 09:28

sorry uggy, just read the letter from the requisitioners - my understanding from the letter is that the shares were issued to LNe but then transferred from and by LNe to individual Directors. Whilst this does seem odd, I doubt RBD has any say over what happens to the shares unless there is a restrictive covenant as part of the deal, eg shares cannot be sold before X date. (I have previously questioned this). If there is a restriction in place, does a "transfer" equate to a sale? imo yes - all just speculation on my part

[likeawalrus] 11/12/2023 09:02

"...while the remaining £900,000 will be satisfied through the issue of 486,486,487 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 0.185 pence per share to LNEnergy Limited"

uggy why do you believe the shares have been transferred to the directors, have I missed something?

[uggy100] 11/12/2023 08:32

Heid oil posted correspondence purportedly from the requisitioned, if true it looks like a disaster & we've all been conned.
It appears the RBD shares issued have been transferred to the directos rather than held in LEE'S name ! I fail to see how that can be remotely legal.

[likeawalrus] 11/12/2023 07:30

could have been worse, issued at .185 instead of market price - a small blessing

[likeawalrus] 11/12/2023 07:18

RNS this morning - exactly as I predicted on 05/12

"... followed by another top-up of LNe - part cash, part issuing shares"

[greypanther2] 10/12/2023 15:33

Most of the excitement here seems to be about the forthcoming EGM, whenever that's going to happen, so I thought I'd take a look at the Colle Santo CPR (Competent Person's Report) prepared by RPS in September '22. There seems to be a lot of detailed technical information within it, but IMO there is also quite a lot that isn't being said about the asset that S&S are "betting the farm on". For example, why haven't RPS shown any really useful seismic lines? The 2D seismic data used to compile the map is sp*rse and pretty ancient. It's actually mainly old dynamite and other 2D data, all seemingly based on different datum levels. And RPS haven't shown us any useful well logs, well correlation panels, or interpreted petrophysical log. All in all, the CPR seems a bit thin to me. I'm wondering if any one else has had a look too? Thanks, GP

[likeawalrus] 09/12/2023 15:05

excellent, thanks steelwatch

[steelwatch] 09/12/2023 14:44

Revised requisition signed by Pershing Nominees:

[likeawalrus] 09/12/2023 13:32

Europa shareholders have had their GM requisition refused by WH as it has come from shareholders with nominee accounts, that is, they are not on the register, their brokers are. As such, WH has stated it does not comply with the regulation therefore legally he cannot accept it as valid.

Has the RBD requisition come from shareholders who hold their 5% on the share register or have they somehow used their brokers as a proxy? thx.

[likeawalrus] 08/12/2023 08:56

A company’s Articles of Association may permit it to purchase its own shares. Before 1 December 2003 if a company purchased its own shares it was obliged to cancel them. From 1 December 2003 the Companies Act allows a listed company to buy back its own shares and hold them ‘in treasury’ without cancelling them. For this purpose ‘listed’ includes shares dealt in on the Alternative Investment Market (AIM) of the London Stock Exchange. A company that holds its shares in treasury can sell those shares back into the market or cancel them.

Shares held in treasury are still officially issued share capital, the holder being the company. But, because a company cannot have rights against itself, the rights of shares held in treasury are suspended. The company cannot vote in respect of those shares, nor can it receive distributions (including distributions in a winding up) in respect of them.

[wisteria2] 08/12/2023 08:44

Who has the voting rights for the shares from the buy back ?

[wisteria2] 08/12/2023 08:18

LAW...Good to see more skin in the game...Oza's

[currypasty] 07/12/2023 17:46

20m, 29m, and 59m trades just showing

[likeawalrus] 07/12/2023 15:49

rns says Oza's have increased holding to 4.05%

topped up 03.11 when the share price was sub 0.1