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RBD Reabold Resources Plc

0.0775
0.0125 (19.23%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Reabold Resources Plc LSE:RBD London Ordinary Share GB00B95L0551 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.0125 19.23% 0.0775 64,690,116 15:39:47
Bid Price Offer Price High Price Low Price Open Price
0.075 0.08 0.0775 0.065 0.065
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 560k -45k 0.0000 - 7.9M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:40:35 O 30,000,000 0.065 GBX

Reabold Resources (RBD) Latest News

Reabold Resources (RBD) Discussions and Chat

Reabold Resources (RBD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-16 15:17:430.0730,000,00019,500.00O
2024-04-16 14:40:370.08759,615581.11O
2024-04-16 14:39:240.08125,000100.00O
2024-04-16 14:33:260.08301,329238.05O
2024-04-16 14:23:440.0840,48131.98O

Reabold Resources (RBD) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Reabold Resources Daily Update
Reabold Resources Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker RBD. The last closing price for Reabold Resources was 0.07p.
Reabold Resources currently has 9,876,625,883 shares in issue. The market capitalisation of Reabold Resources is £7,901,301.
This morning RBD shares opened at 0.07p
Posted at 08/4/2024 08:30 by slicethepie
Even bramhill at ujo has managed to get his share price up recently, clip and clop seem to remain at the back of the class. How they ever convinced investors they knew what they were doing remains one of life's mysteries!
Posted at 15/3/2024 12:13 by likeawalrus
it's all very odd uggy. rbd said WN drill will cost £9m, £9.4m and £9.6m all in the same presentation. I estimate rathlin has about £3m cash so they are at least £3.4m short. rbd has £9m cash, so what's the hold up? they could buy 1/6 from rathlin for - say £1m and lend them £1m so rathlin is then fully funded for their 3/6. rbd has the cash to fund 2/6 and still have £4m cash and a loan to rathlin of £1m. there must be some way to thrash out a deal in a timely way, just like wressle, something smells off.
Posted at 11/3/2024 08:07 by likeawalrus
I think there's a good chance CS will be granted the permits but as you say debt finance may be an issue. The Euro 11m-12m pa is based on a gas price of E.45 mwh, well below this price for over 4 months, current price E.26 mwh. The recent RBD presentation still quoted E.45 mwh. Although the current price has no bearing on future profitability it must surely make raising debt finance more difficult.

fyi at E.26 mwh the E.11m becomes Euro 6.35m pa (x 90% = Euro5.7m pa)
Posted at 27/2/2024 14:38 by greypanther2
Today’s RNSs from UJO and Reabold contain some interesting points but, rather unfortunately IMO, neither of them mentions the expected cost of the directional well, other than saying its “offering significant cost savings compared with a horizontal well”. The gross cost of the horizontal well was originally expected to be of the order of £12 million, or £2.0 million net to UJO’s and Reabold’s 16.665% equity share. However, RBD’s presentation for their Edinburgh meeting tonight reveals slightly more about the directional well’s expected cost: £6.4 million for the well plus £3.0 million to test it, or £9.4 million in total. Of this smaller sum UJO’s and RBD’s share would be “only” £1.57 million and Rathlin’s 66.67% share would be about £6.27 million. So I suppose Reabold could conceivably bail out Rathlin by using the greater part of £9.1 million of cash that they say they have in the bank after receiving the final payment from Shell for Victory. But will they, I wonder? In their RNS UJO also said “An additional material secondary target in the deeper Permian Rotliegend Sandstone will also be evaluated during drilling of the WN-A3 or by the re-entry of WN-A1”. IMO the last point could be very important as the published data for the WN-A1 well shows that the well was suspended with only a 7 inch casing / liner over the Rotliegend gas-bearing interval. That could mean that re-entering the A1 well could be done quickly and quite cheaply, probably for about £0.5 to less than £1.0 million by using a much cheaper work-over rig. This could mean that an A1 re-entry well in 2024 is still a strong possibility.
Posted at 18/1/2024 08:43 by likeawalrus
unlocking WN is key, perhaps a farm-out partner can be found by Rathlin in tandem with a RBD deal, alternatively Rathlin sells 1/6 to RBD for a nominal £1 in exchange for a £4m loan. That way Rathlin is fully funded for the remaining 3/6 and RBD is fully funded for their 2/6. There are so many ways to do a deal, it will be fascinating to see if RBD extract a pound of flesh
Posted at 23/12/2023 07:05 by oilboy
Strange that Malcy doesn't pose the all important question to the well paid duo about the share price performance, which is important, as it's why I bought the shares in the first place,to make money.

Sadly the current team have been at the helm as the share price tanks
The RBD I hold are down 75% within the past two years and that's only after the recent bounce as a result of the KS motions.

Perhaps the S&S fanclub haven't had the same share price experience. Lucky them.
Posted at 22/12/2023 18:23 by squiresquire
Its about.......... West Newton, West Newton, West Newton


Follow the money, not the hype. |If that lot get this company the share price will instantly tank. Any nonsense about the City liking this new lot wanting to barge in now there is some money and WN is a spit away, is just rubbish. The false claims that have been made in the name of those wanting to take over is scandalous.

Those who have not seen Malcys interview with the two boys, should.

Anyone who has not re-read and studied the West Newton prospectus, or details on the website really should. It is so easy to forget how Big West Newton is and how much larger it could become after testing flow. Corelabs have assured flow with diesel, thicker than the viscosity we should trap into.

Even thinking of voting in, these crabs, is a bullet for our share price for months perhaps years while the new lot strip it all out. We get stuffed. That is the smaller shareholders. The larger shareholders know which side their bread is buttered on and hae voted against all resolutions. They pay good money to researchers to study exactly this type of predatory takeover.
Posted at 06/12/2023 12:33 by triskelion
I'm having difficulty understanding the timetable for the EGM. The reason I'm trying to get a grip on it is because we are in that time of year when things may disappear or be overlooked among the Christmas/New Year festivities.

The RNS (Number: 3763U) that RBD published on 22 November (not visible on my online retail broker's Share news etc page for RBD) appears to have been in response to a valid (at last!) service of the requisition on that date. The RNS contains this phrase:

"The requisitioned general meeting has been called for the purposes of considering the below ordinary resolutions which if passed in their entirety, will result in the removal of the entire existing board of Reabold."

This wording is unhappy; does it mean the Board has actually convened the EGM (in which case why no Notice of EGM showing in my broker's regulatory news page for RBD) or is it just slovenly language which rather perhaps should read "The general meeting has been requisitioned for the purposes..."?

Either way effective service of the requisition was as stated on 22 November which means so far 14 days have elapsed. Companies Act 2006 section 304 states the board must call a meeting--

"(a)within 21 days from the date on which they become subject to the requirement, and

(b)to be held on a date not more than 28 days after the date of the notice convening the meeting."

(Extracts above etc from the Government legislation website text of the Act and I assume not changed).

As regards the minimum term of notice I see a number of provisions appear to regulate e.g. para. 50 etc of RBD's Articles filed at Companies House 2 March 2023 labelled there "Memorandum and Articles of Association" but in fact comprising only the Articles without the Memorandum; and Companies Act sections 307 and/or 307A which I don't have time to drill down through now but I am assuming may require at least 14 days' clear notice.

So it appears they have to get a Notice of EGM out on or about 13 December and (tentatively) the meeting will thereby be scheduled to be held on ~27 December earliest or latest ~10(?) January 2024.

My online broker has said "...usually meetings tend to be added to the online Broadridge system 3-4 weeks ahead of the meeting. Please keep an eye out for future annoucements from the company for a meeting date, once the meeting date is known and uploaded onto our online system you should be able to submit your voting instruction...." which I assume will broadly reflect the situation at the other retail brokers.

Also it seems "virtual" general meetings may be held.


PS: presumably flagged here already but I note a video posted 19 September 2023 on the Shares Magazine YT channel is entitled "Reabold Resources (RBD) - Sachin Oza, Co Chief Executive & Stephen Williams, Co Chief Executive". My pennypacket holding hasn't inspired me to spend time watching RBD promotional material but I may do a bit now at least to get a feeling for the demeanour of the lead players in the cast.
Posted at 05/12/2023 07:07 by jusmasel99
I guess the person who sold yesterday knew this RNS was on the way and expects, like usually happens and apparently surprises everyone, that the share price will drop on good news.

It won't surprise me if it does - lots of folk including me took a punt on RBD receiving this cash with the 'hope' that the share price will rise as a result.

I think it will but not today - just be patient.
Posted at 29/8/2023 17:03 by likeawalrus
here's a reminder of the questions I sent to malcy last month - hopefully he will elicit some answers from slick & slicker

I understand you are trying to interview Reabold Directors wrt the recent LNenergy deal. I have looked closely at the deal and have some questions which I hope you can put to them.

First some facts.
as at 30.09.2022 LNe had USD246k cash and a USD500k investment in the option agreement.
as at 25.01.2023 James Stafford owns 167 LNe shares.
the RBD presentation says "Low risk, small scale LNG development concept"

Q. Is this the same J Stafford who owns oilprice.com?
Q. Are the board aware that the Abruzzo region is prone to strong earthquakes?
Q. How can the project be 'low risk' when permits are not guaranteed and LNe has a mountain to climb to secure Euro30m financing?
Q. Why did RBD choose to invest in the company rather than wait for the permits to be granted and then farm-in?
Q. Surely it's better to invest only if they have permits, albeit at a higher expense?
Q. If permits are refused, RBD will own 16% of a company with $246k, £750k, 810m RBD shares and a worthless option. Whilst clearly a win/win for LNe shareholders, why has RBD chosen a high-risk deal structure?
Q. RBD has the option to increase ownership to 25% but why has RBD given LNe the option to choose shares over cash???? this could mean RBD has to issue about 1.5 billion new shares, this is madness!
Q How can a tiny company like LNe raise Euro30m? If they farm-out Colle Santo, RBD's investment is significantly diluted, if they have a placing - same result.
Q. Are there any restrictions on when LNe can sell the 810m RBD shares?

Additional, unrelated questions
Q. Why has RBD restricted the buy-backs to 6m shares per day?
Q. How close is Rathlin to securing the necessary investment to progress West Newton?
Reabold Resources share price data is direct from the London Stock Exchange

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