Member Info for persimmon

Looks like news is leaking out. Oh well it was bound to happen.

RBD is in control of a runaway train that is heading for a tunnel with the exit bricked up.

Regarding Rathlin page 5 of their last annual accounts says it all. If they cannot find further financing before the third quarter of 2025 they would be unable to continue as a going concern.

ENTER REABOLD RESOURCES (the white knight) RNS coming soon then! What a predicament RBD finds itself in through years of wanton mismanagement.

The salient facts regarding West Newton are a) Reabold Resources are a small exploration company without any means of financing and developing the site themselves through to selling the gas (as stand alone product or electricity generation on site).. Read last years accounts; they will run out of money next year and b) with the present government in power for the next 4 years no major producer will gamble with with their shareholders money purchasing it.

So Reabold are now stuck with finance draining 'no go' 'assets' in California, Romania. Italy and East Yorkshire. And to compound these immense problems have at the helm 2 co directors who are each pulling over £300k + per year out of the company.

Over 5 years ago the company said this................

" Discovery at West Newton appraisal well operated by Rathlin Energy (UK) Limited ("Rathlin"), potentially the largest hydrocarbon discovery onshore UK since 1973"

Utter rubbish, NO OIL and downgraded to a gas play. Trustworthy? make up your own mind.

Please don't mention me in the same breath as the Brussels Broadcasting Corporation. Unlike the BBC (spit) with their insatiable left wing agenda I post as I see on this site only matters that pertain to Reabold Resources; it just happens that without my rose coloured glasses on I have not yet seen any involvement in any projects that has or will return to shareholders a profit. The lead cheerleader Simon64's predilection towards the directors is based purely on his ill informed consistent buying and wishful thinking. Do not be fooled. Please tell me where I am wrong in this assumption?

This announcement almost 2 weeks ago by the Environmental Authority (EA) is of a substantial nature. That an RNS has not been forthcoming by Reabold Resources is indicative of the complete disregard and indeed the contempt shown towards shareholders.

Heid, this will have known for many months. The two dummies at Reabold have been 'sold a pup' by experienced Pro's and are way out of their depth. The problem now is that West Newton via Rathlin is years away from production (don't laugh) the Italian venture is a no go. The Daybreak debacle is a non starter and Parta in Romania is moth balled. Not without good cause does the last annual accounts flag this all up in their 'going concern' address.

We are all shafted and money will just ebb away now until final judgement day to be called next year.

Sorry Simon64, looks like more hard graft at Cardiff Uni for you.

All major Oil & Gas companies are diversifying, they know that their profits in the future lie elsewhere. This transition makes smaller exploration companies not classed as 'high risk' but 'very high risk'.

"Irishman's rise" the most likely Simon!

No..........its the three S's..........

Sachin Steven and Simon too!

That much is true Simon.......As my old Gran used to say 'there's one born every minute'.

Simon64 now posting long messages to try to hide what has been said previously. This is an age old ploy to try to divert novices away from reading posts of substance that would help them in a judgement of whether to invest or not. Of course every long term investor on here knows Simon is many tens of thousands of pounds under water here, so his motive to ramp is clear.

Yes, bury your head in the sand. Potential investors will do well to heed my warnings, and save themselves some money.

Cavendish says C.S has potential. Some would also say that the Starmer labour party has the potential to run the country well. Do me a favour.; don't repeat all the well trodden words uttered by RBD over the years like possibly, could be, might be, transformational blah blah blah!

We have heard it all before numerous times.

Cavendish agree with me the.

More investment WILL be required. Thanks for that.

BROKERS LOL. Reabold Resources have had a number of brokers over the years. If the brokers are hesitant about publishing 'falsehoods' then they are and have been quickly removed and replacements installed. Brokers are mouthpieces for their clients. You know that Simon so stop being disingenuous.

The resolutions just passed (BY A SHOW OF HANDS) are up on the Reabold site if anyone cares to seek the truth.

Simon, to answer you.....

1 If any money left over from Daybreak settlement it will be paid into Gaelic Resources a private limited company set up on the Isle of Man. this subsidiary was set up by the two crooks who run the company for their own benefit. It is not transparent with its dealings, No money from Daybreak will find its way back to investors.

2 West Newton is on hold as you know, and it would take years to bring it to production. Be realistic for once.

3There is nothing to like! the company needs further investment...they have already said so in the accounts if you care to look.

4 The two director buys were just a small sum out of their grossly inflated annual salary grabs (over £300,000 each + expenses.

5 Massive dilution is coming. READ and even more so UNDERSTAND the annual accounts and the warnings that they include.

CAVEAT EMPTOR

you need to dig deeper than that. just wait and see my prediction come true before year end.

the company is in deep ****. read the going concern reports from the annual results and take note.