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Itsawrap..
They won't buy back any more shares, it was only being done previously to buy votes prior to the requestion meeting, they could use that £200k to pay themselves future salaries and bonuses imho. Adyor!
The next detail return of shares purchased up to 7th March 2024 will be published at Companies house within the next 2-3 days. By the detail already released in appears to me that the company is getting very close to the maximum value allowed under the last resolutions. regarding same.
Another meeting to allot more monies for treasury buys? A shortening of the the annual results period to hide very uncomfortable figures they wish delay, whilst gambling on some good news arriving in the intervening period?
Interesting period ahead me thinks.
For LTH like myself (invested in 2019) it’s hard to accept where this company is right now.
But to be objective; in my opinion there are now only two investments worth worrying about. They are CS and WN.
CS is reported as 65Bcf at 2P reserves. Possibly 50% recoverable. RBD monies paid £4.3 million and counting. The key issue for me is the approval to drill. In September last year RBD reported the regional governments agreement/willingness to approve. It’s now March and we really need an OFFICIAL update from RBD as to what stage the application is at, with the Abruzzo authorities. Because it is a lengthy and complicated process with many stages - I would like to know at what stage the application is at. And I believe only the applicant can officially request this from the Abruzzo authorities. So what is RBD doing about this?
As for WN (£9.5 million and counting) one of the Aberdeen presentation slides provided a statement that the single well will generate a cash flow within 12 months of drilling - this needs to be expanded and explained by RBD in terms of a issuing a clear level 4 plan with key dates that clearly explains - what will be done - when it will be done - why it will be done. To achieve their 12 month target.
Simon, I also believe there to be virtually no value on our non core assets. Williams is completely untrustworthy
I disagree with your statement about Daybreak. It was obviously a massive mistake by our 2 fools to get involved with them in the first place. If you think they were duped into it by KS then they're even more useless than I think they are & that's saying something !
Moniman they stated that they had allocated £750k for buy-backs of which they have spent about £550k.
currently £200k would buy over 300m shares, next week maybe 400m???
Why would the two 🤡 🤡 want to buy back shares for the benefit of shareholder's when they can use the cash to pay themselves?
And so apparently as the non core assets as far as the market is concerned although SW disagrees, but can't be bothered to argue as he believes they have value.
The mind boggles.
It is his job to convince the market of their value and to attract investment.
I will wait to see the ADX update on Parta later this month in their results as they haven't thrown the towel in according to last year's statement.
Kamrans Daybreak I would allow to fall into receivership just to screw him over for all he has done to this company and it's shareholders.
Dunrobin BOIL will do the legwork and are doing so doing the 3D seismic and attracting a farm in, so just sit back and wait.
I agree no more money to be spent on these assets, but they still have to attempt to extract value, either by farm in's or sell them.
P1D it's gone quiet because they've run out of lies to spin. They don't help the sp, only the truth & progress can help us now. Something they're not very good at.
Fuel the Ferrari's one last time before anything else.
.oo1 ?
Rbd still has £200k of the £750k allocated to buy-backs not yet spent. how low will the sp fall before they feel it's appropriate to buy some shares???
Any news on what the wrinkly sphincters have been up to, it has all gone quiet now?
None Core Assets
Surely for something to be classed as an asset it must have some value. The core assets are worthless here as far as the market is concerned
Tony withe money he's pocketed I suspect he'll be fine unlike his shareholders. The guy is a complete slimeball.
Market cap is a sure sign of the markets belief that this company is now on its knees due to the actions of S&S. Its a disaster, what holds the sp back is the uncertainty as to whether WN will ever be drilled.
Nice to see SW had the usual impact on my pension. I don't know why I expected anything else-definition of madness? Staggering performance. Wonder how he'll cope when the funds run dry and the cars and fancy dining have to stop-bless.
Market Cap still going down will soon be £6 million, looks like a stampede for the exit door? The two 🤡 🤡 have really scr€wed this company up if the SP reflects the opinion of the markets?
Watts,
I doubt that the two 🤡 🤡 could even understand a complaint! They probably have a shredder running 24 hours a day shredding complaints along with a load of other stuff you wonder? JMO.
This gives a way of complaining about them and getting it heard. https://www.thisismoney.co.uk/money/bills/article-1724511/How-to-complain-to-the-chief-executive.html
Today's Market Cap £6.8 million vs £9.0 million cash in bank, says it all really. The two clowns 🤡 🤡 are making this company a laughing stock of all AIM companies and they are still getting paid huge salaries from shareholder's funds... JMO!
Just in case you are a potential new investor here....RUN and keep on running 🏃♀️ 🏃♂️ 🏃♀️ 🏃♂️ in the opposite direction as fast as you possibly can...unless you want to be robbed? JMO ADYOR!!!!!!!!!!!!!
That's appears to have been the plan for a long time? Just string as many half baked projects out for as long as possible until they've taken all of the shareholder's cash. Better than robbing a bank it seems? JMO Adyor!
The cash is there to pay their salaries and benefits for as long as they can string it out
Total mismanagement and destruction of shareholder's funds. Today's market cap circa £7 million translates into RBD trading £2 million below cash in the bank. Therefore not only are 'ALL' of Reabold's assets worthless, the cash is viewed as worthless to. What can the Bozo's fan club say about that then Jack Diamonds and Co? The market knows the two Bozo's, Clowns, Cretins are an absolute liability with shareholder's funds. JMO Adyor!!! 🤡 🤡
simon, i have to say you're on drugs ! have you not listened to the presentation where sw said they would be looking to divest themselves of other licenses which as i read it includes parta & dunrobin ??.
cs looking good ? we were meant to have the final permit for early production by the end of 2023. no mention was made of the 30mil euros needed for an lng plant.
wn, a completely changed drill plan which they're doing a freaking feasibility plan on ffs. it's a way of drilling on the cheap with all the pitfalls that causes.
this is due to financial mismanagement & dreadful project management by our 2 ceo's who i now regard as con artists.
williams got away eith murder at that presentation when someone should have set fire to the ****.
oza was no doubt too scared to turn up.
Oh, I assume you mean the other "WORTHLESS" assets that the two cretins spent $30 million on. Like the rest of the current assets including WN and CS, all worth less than nothing judging by today's market cap of £7 million compared to £9million cash in the bank. What a pair of total failures!!!!! JMO ADYOR!