Reabold Resources Share Discussion Threads

[fireplace22] 04/1/2024 09:10

Mirror image of UK politics, damned if we do damned if we don't.

[simon_64] 04/1/2024 09:02

Looks like the market knows once again it is doomed to failure.

[squiresquire] 04/1/2024 08:32

Massive spam efforts going on to try to damage RBD. They want our assets so much they are desperate to do anything. Our BOD have won the vote though. so the parasites will be as spiteful and damaging as possible. Roll on West Newton and we can sell up and move on.

[simon_64] 02/1/2024 15:13

Oil and gas about to go on another bull run now, let's hope we don't miss out again.

[currypasty] 02/1/2024 07:06

Date of purchase: 29 December 2023
Aggregate number of Ordinary Shares purchased: 9,281,390

[simon_64] 29/12/2023 17:10

Yes I was in PTR and got out at B/E it was so promising at the start.

[p@] 29/12/2023 16:44

WTF has russian PTF to do with RBD?

[simon_64] 29/12/2023 15:55

Bang on Squire Trelawney.

[squiresquire] 29/12/2023 15:17

Bounty

The price is set to take if the Locusts get in . The city dont like them one bit.

[simon_64] 29/12/2023 15:17

Those paid trolls over on LSE posted right through Christmas day and Boxing day all day,

In over 25 years on the markets I have never seen anything quite like that and I have seen and been invested in some really dodgy situations.

[bountyhunter] 29/12/2023 15:16

Which are the aphids and which are the locusts? 😉

[steelwatch] 29/12/2023 15:15

Yep. That's him bounty. As for Req 1, I'm staying on the fence.

My broker charges for the privilege of attending/voting and I have not been contacted. Some years ago, similar happened with Petroneft who paid brokers to obtain individual uncertificated shareholders' addresses and I received a proxy form direct from PTR with them covering the cost of attending the EGM/voting. First time around, the dissidents' resolutions were voted down, but they came back and ultimately there was a compromise with the Chairman staying put and the CEO standing down with 2 or 3 of the requisitioners being appointed to the board. In the end, recently, this happened:



Fortunately, I quit not long after Putin first annexed Crimea.

So, as far as RBD is concerned, que será for me!

[simon_64] 29/12/2023 15:07

The choice is aphids or locusts.

[simon_64] 29/12/2023 15:04

I do understand your dilemma.

To me it boils down to some aphids on my plants which are a nuisance or a swarm of locusts.

[bountyhunter] 29/12/2023 14:59

I don't like either choice to be completely honest. I still may not vote but Zenith Energy is hardly a recommendation to vote in the dissenters!

[simon_64] 29/12/2023 14:35

Bounty

Our present two are not perfect and have made some serious errors in judgement and one of them was being talked into investing in Daybreak another was the Simwell purchase.

The Colter drill was out of their hands and Corallian should have known better, because no matter how much oil had been discovered not just the 17 million barrels, it was smack bang next to a marine conservation area and an area of outstanding natural beauty and I would have been opposed to it's development and I am a shareholder.

When it came to the drilling of W.N Raithlin were in the driving seat and the blame lies firmly with them for the disastrous drilling and subsequent hiatus due to their lack of funds.

I think Parta was a good move and will prove to be in the future for a number of reasons.

Buying the rump of the Corallian licenses for £250 k another good move, Victory sale was a disaster but again Corallian were in the driving seat.

Reabold California was an excellent move, but they got caught up in litigation regarding the waste water disposal well. The courts have ruled in their favour, but too late for us now as we are caught up in Kamran's trainwreck Daybreak, which incidentally broke the terms of the merger by not drilling three wells within six months of the merger and that is all down to Kamran.

What I do find disgraceful though is the lack of commitment from the board with the exception of Mr Oza and family to purchasing shares from their own pockets the same as we have to if they want to share the gain they need to share the pain also on that note their salaries are far to high at the present.

Collee Santo is starting to get interesting and I think it is a good move.

If they really want to save their jobs, they need to convince the shareholders that they are on their side, not that difficult really they all need to put their big boy pants on and buy shares.

[bountyhunter] 29/12/2023 14:34

Cheers Steel, that's a useful summary.

I keep changing my mind but I'm now swaying towards voting to keep the existing BoD in place.

As posted on the other thread (there seem to be 3!)...

Vote for Andrea Cattaneo, Zenith Energy CEO ?

Is this him? Correct me if not.



"Experience & Education
Zenith Energy Ltd."

The Ordinary Resolutions

1. THAT Kamran Sattar be and is hereby appointed as a director of the Company (with such appointment taking immediate and simultaneous effect).

2. THAT Andrea Cattaneo be and is hereby appointed as a director of the Company (with such appointment taking immediate and simultaneous effect)...


Zenith Energy (check out the chart):

What happened there!? Scroll down to the long term chart. Presumably the same person? Correct me if not.

I'm beginning to think it might be better to keep the existing BoD in place despite their scare tactics yesterday. After all it's not as if the dissenters are offering us a premium. I've still not voted.

[steelwatch] 29/12/2023 14:11

To save reading through all the irrelevant stuff, I have copied the relevant and pasted below. No offence intended squiresquire, but I've moderated the original to save unnecessary trawling through. The original can still be viewed by the "view posts" facility.

squiresquire29 Dec '23 - 12:51 - 4093 of 4093 Moderate | Ban
0 0 0
From Malcy today,


“We are pleased to note that the Glass Lewis Proxy Paper report, along with the ISS Proxy report, recommends that shareholders vote AGAINST ALL resolutions, consistent with the current Board’s recommendation. We strongly encourage all shareholders to vote at their earliest convenience.

“The Glass Lewis Proxy report is the second such report relating to Reabold’s requisitioned general meeting. It, along with ISS, has recommended that shareholders vote against all the resolutions supporting the current Board’s recommendation.

With the canvassing period happening over the holiday period it looks like the 8 days from next Tuesday will be busy and that doesn’t leave much time for voting; probably the key reason why shareholders are being urged to vote at their earliest convenience.


Hi John
Yes you are right, indeed historically I have been highly cynical about investing in Italy, even from the very old days when I advised Enterprise oil on their Po Valley asset!More recently Sound and others have stumbled against the Italian system so that as a rule I have avoided it.
I was therefore concerned when I first saw Reabold investing in LNEnergy and given that I was also concerned about West Newton I made an appointment to meet the Co-CEO’s for what i wanted, an in-depth discussion and I made extensive notes and did a great deal of research. To be honest I went into the meeting expecting to be proved right but actually i wasn’t.
I found that things were moving along at a Federal level, not seen before and the Government were changed following loss of gas from Russia, accordingly I saw things moving along at a pace and I felt that it should be a worthwhile investment.
AS for West Newton I was also somewhat placated by the fact that both RBD and UJO are ready to go and that drilling should happen next year.
Overall I did become more positive then and after that I hosted them both on my CEO interview slot, not the recent one, the earlier one, it will be on the blog website.
Hopefully that should help you but dont hesitate to ask further questions.

[bountyhunter] 29/12/2023 13:54

Vote for Andrea Cattaneo, Zenith Energy CEO ?

Is this him? Correct me if not.



"Experience & Education
Zenith Energy Ltd."

The Ordinary Resolutions

1. THAT Kamran Sattar be and is hereby appointed as a director of the Company (with such appointment taking immediate and simultaneous effect).

2. THAT Andrea Cattaneo be and is hereby appointed as a director of the Company (with such appointment taking immediate and simultaneous effect)...


Zenith Energy (check out the chart):


What happened there!? Presumably the same person? Correct me if not.

I'm beginning to think it might be better to keep the existing BoD in place despite the scare tactics yesterday. After all it's not as if the dissenters are offering us a premium. I've still not voted.

[squiresquire] 29/12/2023 12:48

From Malcy today,






“We are pleased to note that the Glass Lewis Proxy Paper report, along with the ISS Proxy report, recommends that shareholders vote AGAINST ALL resolutions, consistent with the current Board’s recommendation. We strongly encourage all shareholders to vote at their earliest convenience.

“The Glass Lewis Proxy report is the second such report relating to Reabold’s requisitioned general meeting. It, along with ISS, has recommended that shareholders vote against all the resolutions supporting the current Board’s recommendation.

With the canvassing period happening over the holiday period it looks like the 8 days from next Tuesday will be busy and that doesn’t leave much time for voting; probably the key reason why shareholders are being urged to vote at their earliest convenience.


Hi John
Yes you are right, indeed historically I have been highly cynical about investing in Italy, even from the very old days when I advised Enterprise oil on their Po Valley asset!More recently Sound and others have stumbled against the Italian system so that as a rule I have avoided it.
I was therefore concerned when I first saw Reabold investing in LNEnergy and given that I was also concerned about West Newton I made an appointment to meet the Co-CEO’s for what i wanted, an in-depth discussion and I made extensive notes and did a great deal of research. To be honest I went into the meeting expecting to be proved right but actually i wasn’t.
I found that things were moving along at a Federal level, not seen before and the Government were changed following loss of gas from Russia, accordingly I saw things moving along at a pace and I felt that it should be a worthwhile investment.
AS for West Newton I was also somewhat placated by the fact that both RBD and UJO are ready to go and that drilling should happen next year.
Overall I did become more positive then and after that I hosted them both on my CEO interview slot, not the recent one, the earlier one, it will be on the blog website.
Hopefully that should help you but dont hesitate to ask further questions.

[simon_64] 29/12/2023 11:26

I would like to hear what Mike Walters thinks about all these recent shenanigans.