Whitman Howard report...28 Mar 2018 13:12
Reabold Resources* (RBD LN, BUY, T/P 2.7p) - Initiation | Dealmaker
We initiate coverage of Reabold Resources with a BUY recommendation and PT of 2.7pps, upside of 284% from the current share price. In our opinion, Reabold offers investors unique access to low risk high return oil & gas projects which have fallen under the industry�s radar. By investing small amounts of capital, Reabold aims to tip these projects into commerciality. We define a RENAV of 2.7pps for Reabold, which could increase materially to 9.4pps in the event it fully derisks all its investments.
*Whitman Howard acts as broker to Reabold Resources