Reabold Resources Share Discussion Threads

[ileeman] 09/8/2018 09:53

Let me guess your going to buy back in at 0.75p if it gets there and then say how good the company is again haha

You got to laugh how desperate people get for a few ticks.

[alamaison5] 09/8/2018 09:50

See you at .75p, lol. Rampers...

[ileeman] 09/8/2018 09:31

"So all these drill will be successful hey?"

errrr $374million NPV on the 6 drills over next 5 months and that does not include follow on drills....We dont need all 6 to hit we only need 1 or 2 drills and it is a multibagger. That is the beauty of RBD and why it is is such a good play. Very low risk.

You buy in but have you not researched RBD?

Currently making a new base 0.8-0.9p it will be over 1p soon enough imo. 2-3p target year end conservatively.

[theaviator] 09/8/2018 09:04

You go down to the post office and stick your money in premium bonds son!

[1bluehorseshoe] 07/8/2018 11:56

Showing buys as sells again below mid

[theaviator] 07/8/2018 11:29

I keep trading these days to my SB account which takes the urge away to do something silly with a share in moments of boredom. Al has taught us all a valid lesson right there.

[simonsaid1] 07/8/2018 11:16

'Knowing how to trade' is a bit of a misnomer. The price movements in AIM are very erratic due to the low liquidity of most of the companies. Everyone has 20:20 hindsight, so when they guess the top or bottom right they call it savvy trading, and when they call it wrong they just try to forget it and stay quiet. I know because I've done it too!

Not saying nobody does well from day trading, but there's a lot of guesswork involved and a lot of 'convenient memory'. Unless you have insider information or are psychic!

In this instance the dip appears to have mostly been accounted for by large delayed trades that popped up days later, which suggests to me it may have been Gaelic clearing their 25% selling allowance on the back of the recent share price rise. They seem to be done as it's now moving normally again. That is great news for Gaelic and for Reabold.

News from the workovers will be close now, wouldn't expect it quite yet as it takes time to clean up and dewater the wells, and stabilise a reportable flow rate. Expect each of the 4 wells to return something in the tens of barrels per day (I expect 10-50 bopd per well), but at extremely low capex and opex (vastly lower than a regular deep well drilled from scratch). Stephen explained to me that these were 'cowboy wells' poorly drilled by their creators, hence the remediation that we call 'workover' projects to get the best out of them. They are shallow and therefore cheap, but don't expect 'gushers'. They will provide a nice operating income for Reabold which is a great start to the drilling campaign.

Key point is that these workovers are a mere 'bonus' Reabold got in the Gaelic deal, which was actually about the new Monroe Swell drilling (not to be confused with the Monroe Swell workovers), West Brentwood and Grizzly Island projects. These are all significantly larger. West Brentwood will be spudding very shortly, so that's the next major milestone.

That's aside from the 3 UK drills and the tantalising project in Romania. And the small matter of all that unused cash still in the bank from the last placing, which Stephen and Sachin were strongly hinting at the investors drinks last week is about to be used for a new deal. Anyone else who was there can likely vouch for that last point.

[theaviator] 07/8/2018 11:12

Oh dear poor Al has missed his entry. This the problem with 'trading'. Long and strong only way. Taken me a few years to learn that lesson!

[1bluehorseshoe] 07/8/2018 10:41

How much more would you have made if you knew how to trade?

[1bluehorseshoe] 07/8/2018 10:29

Brakes coming off?

[theaviator] 07/8/2018 09:36

lol Brilliant! Spot on!

[ileeman] 07/8/2018 08:53

I find it amazing people trade the markets but then they feel so insecure they have to deramp it after they sell to try and make themselves feel better in case it goes much higher (it will).

Obvious to see what will happen here, 6 drills over next 4-5 months...you take your 10-20% I will take my 200-300%.

[alamaison5] 07/8/2018 08:33

Sure, two 2 days at -5% = 10% = .75/.78.
See you there.

[dandadandan] 07/8/2018 08:33

California and Monroe Swell - 'bring me sunshine, all the way'....
The workover was a success....

Keep your eyes on a kettle about to boil....


GLA.

[jungmana] 06/8/2018 19:21

As I said there are the sells from Friday. They must be nearly finished with the 100m. Give it another day or 2 and imo they should be done

[theaviator] 06/8/2018 16:37

Yea its funny how they always appear after a rise. He will disappear soon enough and onto the next no doubt. I'll still be here! Nice one iLeeman. Good shout imo but you sont ned me to tell you that

[jungmana] 06/8/2018 16:33

In 6 months we have traded double that. Just get your calculator out and do the 123

[alamaison5] 06/8/2018 16:28

And in 6 month you've traded these zillions of shares?
Mais non, mais non.

[jungmana] 06/8/2018 16:19

That was nearly 6 months ago. What's next on your list?

[ileeman] 06/8/2018 14:24

A few of the buys at 0.85p are mine, couldnt let me buy volume fwiw.

Follow the fundamentals.. Easy hold until year end and then re-evaluate imo Statistically they will strike with the amount of drills they have so an easy buy/hold from me.

[alamaison5] 06/8/2018 14:19

Ok, do you have an escrow account? I can set one up.
I'll go for £1,000 over a 3 month period.
I reiterate my stance, lol.

I wouldn't brag about if I was you, cos you could have sold and make a great profit you didn't...