Reabold Resources Share Discussion Threads

[uggy100] 15/12/2023 20:35

Law, I think they're concentrating on how they can keep their jobs now they've been exposed as the useless waste of oxygen they really are.
I'm with 2 risky.....get shot of them.

[likeawalrus] 15/12/2023 13:27

not a word from rbd regarding funding for rathlin, I wonder what's going on?

[currypasty] 15/12/2023 07:23

Date of purchase: 14 December 2023
Aggregate number of Ordinary Shares purchased: 16,414,069
Lowest price paid per Ordinary Share (pence per share): 0.1170 pence

[uggy100] 15/12/2023 03:01

Yep, no chance of Rathlin farming out imo despite our 2 liars saying at the AGM they believed someone would step in.
I'm interested in the answers RBD can come up with to the requisitioned questions about CS which may well

Expose them as truly clueless.

[greypanther2] 14/12/2023 15:32

Hi LAW. I reckon Rathlin have very little chance of farming out. Four WN wells drilled so far, and none has produced much more than a wet f*rt of gas. If a potential farm-in partner has cash to spare, there are lots of far better opportunities around, both in the UK and abroad. But it's only my opinion!

[currypasty] 14/12/2023 07:49

Date of purchase: 13 December 2023
Aggregate number of Ordinary Shares purchased: 4,589,514

[triskelion] 14/12/2023 01:32

I see the Company's RNS (RNS Number : 5622W) today the 13th purports to convene the EGM for 10:00am on 10 January 2023. sic!

[uggy100] 13/12/2023 21:46

Sorry but I don't think our ceo's have a clue.

[likeawalrus] 13/12/2023 13:59

just 4 weeks until the vote - my guess is Reabold will announce funding for Rathlin quite soon. I'm not sure how they will find all the money, perhaps a loan facility secured against the £4m due from Shell in 2024 combined with a farm-out by Rathlin.
Rathlin says £9m to fund their 4/6 so they are £6m short. If they sell 1/6 for £2m (for example), they then have about £5m cash with a £6.75m capex due, easily covered by Reabold. It will be very interesting to see how RBD solves the problem.

[likeawalrus] 13/12/2023 10:59

WN seems very unlikely in H1, whoever controls the company will need to apply for an extension. if KS and Co are in charge, what will they do with the excess funds if they have to wait a couple of years for an extension? my guess is they will use the money to invest in Daybreak - apparently KS owns 40% ?

[uggy100] 13/12/2023 10:25

There's no chance of a drill at WN by June now imo.

[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.