If you started counting (if possible) day and night without stopping each individual share that there is in Reabold Resources you would still be counting in the year 2347. Now how many Ferraris would be replaced by then, and would they be powered by an energy newly sourced from Colle Santo?
Both Uggy and myself have been warning about this outfit for years now. Hopefully the penny will have dropped by now with those who are not blinding by 'jam tomorrow' directors.
This government's philosophy on all matters green means no serious money will be forthcoming to enable any future drilling for oil and gas in the UK both off shore and on. The tax situation alone will determine the transition to other sources of energy including geo-thermal. Bleak house 's title (the novel) could have been penned centuries earlier with an eye to the forthcoming decimation of the oil and gas industry in the UK. Jim Ratcliffe has recently let his feelings be known. I am expecting a brief up tick in the s p as AIM plays games before the inevitable huge fall.
G.L all and especially Simon 64 whose losses must be huge. The end is nigh.
What is good news for Reabold say possibly finding monies to fund Rathlin and by association West Newton, would probably mean bad news for shareholders if it came in a package with 'give away shares' with a huge accompanying share dilution.
Uggy, the accounts are not posted yet. I would expect them out on Monday or Tuesday. If any later it often means there are questions that Companies House need Reabold to address
Itsawrap, I think the directors o Rathlin will be 'calling in' an IOU for past favours rendered, therefore the RBD directors will have to help them out of their present difficulties.
Rathlin and LNenergy accounts due out within next 10 days. I hope I'm wrong but can see we shareholders having to endure another dilution and decline in share price. I am beginning to feel sorry for Simon64 (alias deemule) with his continuous 'averaging down' since the s p was at 1p. Rathlin whose majority shareholder is Reabold Resources has few escape routes, and the inescapable logic says that without a 'white knight' appearing we will be left holding the debt. Unless Rathlin (and by association West Newton) are bailed out by RBD the end will be nigh. I cannot see that happening given all the hype over the years by RBD over West Newton. A 10-20% dilution is my bet!