Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
And don't forget Grizzly Island, the coastal development in California a venture that promised so much and never got off the ground. If the two amateur would be directors had done even the slightest bit of due diligence they would have realised that the project was a waste of money from the start. I said when it was first mentioned that due to environmental reasons it was a non starter, and so it turned out to be.
How many millions more has it cost to have 2 CEO;s in position when companies far far larger only have ONE.
Vote to remove these 2 losers and try another one.
I could run the business better than the incumbents.
Stephen & Sachin equals AMBITIONS IN FRONT OF CAPABILITIES
How many millions more has it cost to have 2 CEO;s in position when companies far far larger only have ONE.
Vote to remove these 2 losers and try another one.
I could run the business better than the incumbents.
Stephen & Sachin equals AMBITIONS IN FRONT OF CAPABILITIES
If the chuckle brothers are here next year at this time nothing will have changed. They have overseen disaster after disaster. Colter, California, Romania. The only one to make a return is the Victory asset. That only made 'spendable' money for people like TheTruthFactory and associated members. No dividend paid, and just Shell money lost in buying back shares into treasury and the Italian fiasco. And as for Malcy, he gets paid by the company and probably a retainer as well. people who can't see that are either dumb or part of the act. Every podcast I have ever seen by RBD has been stage managed, with pre screened questions only allowed.
Question for the rampers......how many months (or years) will you give the existing directors to come up with a profitable drill?
With the movements over the Xmas period and now this RNS I have changed my mind from it being a narrow win from S & S to a narrow win for K.S. The probability that larger II's will abstain should not be underestimated. They will want to be seen to be 'even handed' whatever the result, as their involvement and reasoning why will not be apparent to other investors at this time.
From last years attempt at a take over of the board. Well it's obvious that this did not happen at the first attempt because S & S were more sure of remaining. Now I would guess they are far more insecure. Perhaps one or more large II's have told them that they are not going to vote for them this time around. Maybe abstentions.
Deemule alias Simon64 will be able to buy a Purdey with his 'winnings' if S & S do all he suggests. Time to get rid of that old rusty 'side by side' you have Si.....go on treat yourself in advance if you think they going to make you rich. Anyway you will soon be retiring from that boring old second rate educational job you have; cleaning pipettes and bunsen burners day after day must be boring.
Reabold Resources gave £6,000,000 to Reabold California to progress oil well production in California USA.
Within the last couple of years Reabold California was involved with a buy-out by Daybreak Oil & Gas, a USA company who in 50 years of rerading have never made a dime for their shareholders. Questions should be asked as to why the directors did this, Even more disturbing for me was the involvement in these talks of another company, a private one set up on the Isle of Man protecting much of what goes on from Reabould resources shareholders namely us. This private company has only two directors Sachin Oza and Stephen Williams. The name of this company is Gaelic resources.
And now if true the accounts of Reabold California have been destroyed.
Should we the shareholders of RBD be concerned? I for one certainly think so.
What are the remunerations paid to Gaelic directors, and how much money was transferred into the Isle of Man company?
A rumour circulating involves a potential shareholder who has accumulated a substantial holding in Reabold Resources. He is on record as being buying in 2 weekly blocks over the last 5 years. More details shortly.
On 9 May 2019, Reabold announced that it had agreed to subscribe for a further 375,940 new ordinary shares in Danube ("Danube Shares") at an issue price of £1.00 per share. This increased Reabold's shareholding in Danube from 33.3% to 37.5%, with ADX holding the remaining 62.5%. In addition, ADX, on behalf of Danube, agreed to engage Reabold for a period of 12 months to provide corporate advisory services to Danube for a fee of approximately £75,000.
On 16 September 2019, Reabold subscribed for 810,811 Danube Shares at an issue price of £1.00 per share via two tranches, with the first tranche being for 237,838 Danube Shares and the second tranche being for of 572,973 Danube Shares. Simultaneously, ADX subscribed for 540,541 Danube Shares at an issue price of £1.00 per share, comprising 158,559 first tranche Shares and 381,982 second tranche shares. Following completion of the Subscription, this increased Reabold's equity interest in Danube to 41.6%, with ADX holding the remaining 58.4%.
On 22 November 2019, Reabold exercised its option to subscribe for 200,000 Danube Shares at a price of £1.20 per share for a total sum of £240,000, taking Reabold's interest in Danube to 43.2%, with ADX holding the remaining 56.8%.
On 2 December 2019, Reabold, announced that it had fully exercised the remainder of its option to increase its investment in Danube through the subscription for additional shares. Reabold exercised its options over a further 1,427,604 Danube Shares at a subscription price of £1.20 per share, being an investment of £1,713,125. ADX elected to partially exercise its own corresponding options, subscribing for 241,929 Danube Shares at £1.20 per share. Following these investments, Reabold now owns 50.8% of Danube, with the remaining 49.2% held by ADX.