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Greypanther that is strange, because I have heard quite the opposite. I have been hearing rumours for some time that Reabold has not raised any money to fund Rathlin because they can't and there is no longer any trust in them, whereas there are several institutions that would be more than willing to provide funding under new management.
I just watched the video and it was like watching Donald Trump on the witness stand what a joke. They only answered questions on things that they could not deny because they were already in the public domain which shows why they transferred £1.5 million worth of Reabold shares directly to the LNEnergy directors.
Despite what they said in the interview they never announced this in the RNS, they have only admitted it when they were caught. Bunch of jokers.
They also never explained how they can value LNEnergy wat £23 million when all it has is an option and no approvals to produce.
Anybody else notice any questions that they avoided answering anything in their interview?
Heid, this is not about you it is about the PIs if people are up for it.
This requisition is a massive opportunity for private investors to finally have a significant say in the running of RBD, not just for the requisition vote but for the long-term future of the company, but only if we get ourselves organised.
Both sides want our votes at the moment so for once we as private investors are actually important to them. We should leverage this position and actually organise ourselves so that they know how many shares we represent and that they have to listen to us.
If we do this then I am sure that we can ask Heid to get us a call with Kamran and discuss our feedback about what we want to happen going forwards. We can also talk to S&S about the same thing.
I am happy to organise this is people want me to. Just email your shareholding to my email at reabold@outlook.com if you are interested in taking part.
I have just read through the reports on Colle Santo on https://www.reaboldrequisition.com/ and have come to the conclusion that Colle Santo is a con.
The same American names appear again and again in the history of Colle Santo. John McIntyre and Mark Frascogna and they are the only ones who ever come away from Colle Santo with money in their pockets and control of the asset.
They were involved in CS back with Forest Oil who spent $29 million on it before getting rid of it for nothing to Frascogna when they realised that they would never get a production permit. It was then acquired by McIntyre for Avanti Energy, the TSX listed business that McIntyre and Frascogna set up in 2015 for $5.5 million before they sold it on to their own private companies for less that Avani paid for it. These deals were dodgy as hell and they didn’t even pay any money for the last 33.4% they acquired, it was given away for free!
They then sold the two idiots Williams and Oza 26.1% of LNEnergy which is equivalent to 23.49% in Colle Santo if it ever activates its option for £4.3 million.
Think about that. They got 33.44% of Colle Santo for no money in 2019 and then they sold 23.49% of AN OPTION in Colle Santo to RBD for £4.3 million. This values the option on Colle Santo at $23 million when they got 33.44% of it for free just four years ago and have made no progress since then
I am unsure if Williams and Oza are aware of this and have been deliberately lying to RBD sharehold-ers or if they have just been bamboozled by the American owners of the asset. But this is really just a case of trying to decide if they are crooked or incompetent. It is outrageous and they really want us to think that they are responsible stewards for our money?
Incompetent or crooked? I don’t care any more. Either way, they have to go.
Generally agree with your synopsis on the Serica / Tailwind outcome as things now stand, surprised...
I was one, amongst many on here, who voted against the Mercuria involvement, mainly because of the near 30% vote blocking threat which remains ominous but so far, in retrospect, the various commercial advantages you've cited makes for a better balanced operation / boosts the EV, etc., which has been fortunate in the event.
All Serica needs to do now is acquire something worthwhile overseas to offset the total reliance on production from the NS and that should give the sp a real boost, given how cheap this is statistically right now... But will they? That's the $64k question in my book - hope springs... - sasa.
1. An investment company but with a Geologist that defined the resource and got it through testing and economic studies....
2. Building out the team to do the tasks they are fit for was always the plan.....Remind me again whom they toook on as a constultant recently?...An accountant?....note that is sarcasm....
3. When you build for 18-24months ahead, you plan on demand that far ahead, you do not start to build after the fact. The plan should be to finish not long after BKT build is complete, not wait until everything (infrastructure) is built, the fact they would be financed is all you need as confirmation. In fact the Gov are completely onside on getting the infrastructure built, they are planning on a graphite district. Just go and look at the Cadastre and the number of new licence areas all around the original areas. BKT build is longer than ACP, ACP can catch up to an extent.
4. Dilution is based on value of company at the time but should be deemed small compared to multiple other projects because the actual capex for this project is peanuts compared with many projects. Dilution equity for capex is a given in what 99% of all projects. I'd rather be looking at $60m capex than $225m.....
5. In regards to your point 1. seriously verging on libel here Dan! Until the slow down of Covid/wars and sensible decision to move the project fwd post improved infrastructure plus improved market, the project was taken from patch of earth to drilled out to DFS stage, think that is called work and has been paid peanuts compared to not only his holding but other AIM directors.
6. in regards to your point 3. isn't that how all companies get to mining?
7. The docs were passed over, but given the slowness of Tanz getting their first deals sorted I doubt they have the capacity (given this is all new for them) to take on endless agreements without any progress on the first ones. In Mahenge region they are 100% focused on getting BKT over the line and are competely supportive of the infrastructure build out. Only this year Ecograf got their deal and they were negotiating long before BKT were but not seen as the lead project in the area. I expect further deals to take place once BKT is financed and starting to build, because Tanz Gov will then want the next companies in line to get going behind them. There is no other resource proved up in the region other than ACP.
Good volume
Buys coming in
Since when have the band of idiots that run Scirocco ever done anything prudent? They are just greedy little piggies with their snouts in the trough.
Ariel.......correct......... They promised that they were going to sell the old assets and then deliver new production assets and they have totally failed to deliver on this.......At the moment we still have the Helium1 shares and Ruvuma but I don’t trust them to make the right decisions on these either......The H1 shares are worth £1.7m (thanks Colin) but this is still £1.3 million less than we actually put into H1 and who knows what kind of lousy price that they would be happy to take for Ruvuma.
All the Horse Hill money was spunked on Gneiss Energy, the One Dyas deal and directors fees, that is £4.5 million down the toilet and now we are having to borrow money from Prolific Basins to keep the lights on. I just wish we had more clarity as investors.
If there is any type of action group I would definitely be up for adding my shares , we need to get these directors out before they destroy all value in the company, with what little investment I have left in here.
so is it Tunisia or Tilapia first?
1, 2, 5, 10p?
So what do we expect with Tilapia on the share price?
So anyone going to answer me ? When’s news?
I prefer Andrea Cattaneo gets elected to be President of the Congo as he is now their longest serving resident. after I get in of course.
Guys looking for a punt here when we expecting news