RE: broker note12 Sep 2018 11:18
Headline: DJ Reabold Resources Can Chase Bigger, Better Deals: Whitman Howard -- Market Talk
Date/Time: 12/09/2018 10:00:06 ▼
0900 GMT - Reabold Resources' recent GBP4.8 million fundraising adds to its M&A firepower and will let the company go after larger deals, Whitman Howard analysts say. The brokerage says the funds will also help Reabold to fill up a drilling program in 2019, in turn allowing the company to grow in a much faster time frame. Whitman Howard says that Reabold has derisked its operations in California and that it strongly reiterates its buy rating. Shares are down 2.2% at 0.90 pence. (oliver.griffin@dowjones.com; @OliGGriffin)
(END) Dow Jones Newswires
September 12, 2018 05:00 ET (09:00 GMT)