Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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NPV and sales value aren't the same. What time periods do RBD attribute to their NPV calculation, if that was known then you may judge the accuracy better.
https://daybreakoilandgas.com/wp-content/uploads/2021/10/Daybreak-Announces-Plans-to-Acquire-Reabold-California-PRESS-RELEASE-10-21-21.pdf
"The transaction will require Daybreak Oil and Gas, Inc. shareholder approval and is expected to close in the First
Quarter of 2022."
SEC for much more information on Daybreak Oil & Gas. But you will need to go through a U.S server!
BMC I can quite see your point, with Persi who went down the stupid comment route...
So - RBD own Gaelic (IOM Holding Company) who own RBD Cali.
Gaelic will become owners of 46% of Daybreak in return for giving RBD Cali to Daybreak (after equity and debt solved)
The value of 46% of Daybreak will be in the order of single figure millions $, based on current values/Mkt caps.
This number is orders of magnitudes less than their previous published NPV's of Cali of £235mm...
Why so much less.. ? and is that specific to Cali or is it an example of how NPV's are not the same as sales value?
Debate..
Cimney, if you don't like what i say, filter me. It's your loss.
I welcome any constructive, factual, posts that disagree with me ; that is how we learn. I commend the approach to you.
persimmon
excellent deramper
Lazy
Acquisition of Gaelic Resources and Notice of GM
RNS Number : 3396R
Reabold Resources PLC
14 June 2018
14 June 2018
Reabold Resources Plc
("Reabold", "Reabold Resources" or "the Company")
Acquisition of Gaelic Resources Ltd and Notice of General Meeting
Reabold is pleased to announce the acquisition of 100% of the issued share capital of Gaelic Resources Ltd ("Gaelic") for the issue of 420 million new Ordinary Shares of 0.1p in Reabold ("Consideration Shares"), representing £3,045,000 at the closing price of 0.725p per share on AIM on 12 June 2018 ("Acquisition"). The Acquisition provides Reabold with options to participate in multiple near-term, high-impact oil and gas leases in California, United States (the "Leases").
Stephen Williams, co-CEO commented:
"We are extremely excited to be drilling these high-impact opportunities in California. These considerably de-risked wells with low drilling costs and a fast path to monetisation are a perfect fit with the Reabold strategy.
"Using Reabold shares to fund the acquisition of Gaelic allows us to preserve cash that can be used for drilling activity, which enhances near-term value-creation."
Following completion of the Acquisition, Reabold, through Gaelic, will have the right to earn-in to 50% of the Leases by drilling up to five wells by the end of 2019. Reabold expects three of these wells to be drilled before the end of 2018 with the first two, on the West Brentwood and Monroe Swell Leases, anticipated to be drilled in Q3. In a success case, these wells will be put onto production, providing cashflow for further drilling activity.
The Leases are operated by Integrity Management Solutions (the "Operator"), a California operating company that will direct operational decisions pertaining to the licenses. The five-well drilling programme earns an Operator (non-compliant) estimated NPV of $235m* net to Reabold and is expected to cost Reabold up to approximately $7 million* for the five wells.
The Acquisition is conditional, inter alia, on Reabold convening a General Meeting to seek approval of a Resolution to authorise the issue and allotment of the Consideration Shares. Application will be made in due course for the Consideration Shares, which when issued, will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM.
The vendors of Gaelic, who collectively will hold 12.86 per cent. of Reabold's enlarged issued share capital, have agreed to a lock-in period in respect of 75% of the Consideration Shares of six months from the date of issue and thereafter to orderly market arrangements for a further six months.
persimmon get a life :)
Looks like you sit all day in front of the screen posting on this board. That is sad.
Gaelic Resources mentioned in the RNS., Isn't that the Private Ltd company operated from the Isle of Man, with an office in London.
I believe the directors are S and S , with no mention of Reabold Resources as controlling company.
If any one can correct me I would be grateful.
"He doesn't work Wednesdays."
Yes he's a TWOT , Tuesdays, Wednesdays OFF , Thursdays
He doesn't work Wednesdays.
He'll have to wait for his masters to tell him how to put negative spin on today's good news
There'll probably be some abstract BS from him tomorrow
Not here today, wonder why ?
I have persimon on filter but I wouldn't expect the tawt to post when positive news is released. I would imagine he's bunkered down in his greenhouse to play with himself.
What about. persimmon
He is also non holder. Posting 24/7 All the negativity
Genghis15 & RNSTranslator, 2 non shareholders spending an awful lot of time making negative posts on a company in which they have no interest.
Clear to anyone who actually holds shares what your agendas are.