Reabold Resources Share Discussion Threads

[kim_clay] 24/9/2024 14:33

To date they've got 62m in the door - 50m placings and 12.5m from Shell.They currently have 8m in cash (April) less whatever they've spent since then.So in simplistic terms they've invested and spent about 56mm of shareholders cash to get to where they are today. (Not including the value of shares issued for other shares or assets ie LNE/Simwell etc).

[uggy100] 24/9/2024 12:06

Can someone remind me how much money RBD has thrown at Rathlin to date ?

[uggy100] 24/9/2024 11:51

He was just a complete tool soul.

[soulsauce] 24/9/2024 11:39

I see Solo has gone quiet all of a sudden 😉

[kim_clay] 24/9/2024 09:10

Today's Rathlin accounts adds further context - it contains a material uncertainly going concern statement.Cash at end 23 was 2.4m (2.2m available) with sufficient funds "to maintain operations" until Q3 25. NSTA has requested they abandon some of the existing wells at a cost of 1.7m net to Rathlins 66% share by Dec 24, it is unclear if an extension to this deadline has been granted along with the approved drilling deferral. The obvious implication is that third party funding is currently unavailable.The planned low cost (1hr) proppant squeeze to see if they can establish flow is critical to further funding. If it doesn't flow then the implication is that further funding (9m to Rathlin's share) for a drill is unlikely and also begs the question of who will fund the 2.5m well abandonments.

[currypasty] 24/9/2024 07:49

time line of action not great

[ccr1958] 24/9/2024 07:43

RNS gone down well.. no pun intended.

[nicosevos] 24/9/2024 07:19

When does it happen?

[aslamqadri] 23/9/2024 13:05

Hopefully someone will buy

[currypasty] 23/9/2024 12:31

perhaps third time lucky? A proper cash bid from reputable company?

[uggy100] 23/9/2024 12:28

2 Risky, we've had 2 opportunities to oust them to no avail. Maybe 3rd time lucky ??

[uggy100] 23/9/2024 11:25

Soul I think calling them overpaid morons is being too kind to them. They should be put against a wall & shot !

[soulsauce] 23/9/2024 09:28

Very few do aslam, certainly not on this thread.

[aslamqadri] 23/9/2024 09:17

Reabold will be taken over or they going to sink I have no hope in this crazy management

[soulsauce] 23/9/2024 07:18

2025 lol, 2024 another year of procrastination by the two overpaid morons.

[sleveen] 23/9/2024 06:13

2025 via UJO.

We are expecting West Newton, another key onshore project within Union Jack's portfolio, with impressive Contingent Resources reported within the RPS Group Limited ("RPS") CPR, to see activity during 2025. This enigmatic project, in the opinion of the directors, fully deserves its high ranking within the Company's asset portfolio. Union Jack's technical team has dedicated considerable time to examining the "hidden" prospectivity within the PEDL183 licence area, having mapped numerous prospects, indicating possible substantial gas in place, over and above the already discovered Kirkham Abbey formation resource.

[uggy100] 20/9/2024 19:25

Interesting move in the share price today.