Reabold Resources Share Price (RBD)

Isn't this rich, the conceited failure cannot even apologise to Shareholders for loosing £40m of their hard cash. Just another few Italian permits and we'll all be rich, why have so many already failed? Without this fiasco, West Newton would be pumping, but the longer your paralysis there continues, the more likely the suspicion that it's all just more of your lies.

Thanks jack, that's a very important detail I overlooked. if LNe secures that payment this deal becomes much more interesting and the equity buy-in by RBD starts to make sense.

In the Oct 23 LNEnergy presentation it was clear that debt financing would be required.

“LNEnergy will seek to secure Euro 30 M in debt financing to fund exercise option to purchase Colle Santo gas field and development CAPEX to achieve first gas”

Unfortunately The Clown Club side show drown out and sensible commentary on the recent Gunvor RNS.

“The HoA also provides for a potential prepayment by Gunvor for a portion of the first five years of deliveries, with such amounts subject to prepayment being a total of approximately 66,000 tonnes of LNG, or 999,000 MWh. The average forward Italian PSV gas price for the years 2025-2030 is currently approximately €30 / MWh. The prepayment is conditional on agreeing definitive transaction documentation and LNEnergy obtaining the required permits to construct and operate the LNG production facility.“

A pure coincidence that the prepayment 999,000 MWh x Italian PSV Euro 30 per MWh equals Euro 30 Million.

Admittedly this is contingent on a number of permits being secured (See Dec 23 filings) but if successful debt financing will be replaced by a prepayment from a deep pocketed credible source.

The SP will not be clowning around when the announcement is made confirming this transaction.

Jack

BTW - Watts. Moniman has told me you have been admitted as a member 🤡 🤡 🤡

Yes the clueless duo have destroyed the company & thus its shareholders but still retain outrageous salaries for a monstrous undèrperformance.

Gennady Timchenko