l have took a position in Reabold Resources (AIM:RBD) and i will explain why. I am telling you this as Share Talk has not covered or spoke with the company, this is my own personal thoughts and views. ST will not tweet or support it on Share Talks time line, l am putting out this blog becasuse so many people are asking the question.
Until Share Talk interview or talk to the company, we will not be highlighting them & l will make my position clear.
On to business.
Last stock l purchased was (AIM:COPL) at 0.53p and l do like a bit of Oil & Gas stock. I am being up front and please dont just read this without doing your own research in to the the stock.
l picked up on RBD around the 14 September 2017. They released a rather strange RNS that l could not get my head around, it stuck in my head.
The Company confirms that it is in discussions regarding a significant placing to provide the Company with additional funds to invest in accordance with its investing policy, and a further announcement will be made as and when appropriate.
What was even more eye catching, the SP kept rising north, WHY? I couldn’t see it or work it out, hence the reason it stuck out like a sore thumb. Then on the 20 September 2017 a RNS landed that did make me sit up and pay attention “Placing to raise £3.96m, update on strategy, TVR”.
“I am excited to announce the placing, and our strategic update. We look forward to being able to welcome Sachin and Stephen to the Board of Reabold in due course where they will bring very considerable technical expertise and experience of evaluating assets in our sector.
We see great merit in a strategy of focusing on European oil and gas projects that are substantially de-risked from a technical perspective and yet still have the potential to deliver attractive returns at current commodity prices and are excited about the projects that have already been identified.”
The two names in that RNS “Sachin and Stephen” confirmed what l was thinking. Sachin Oza, co-manager with Stephen Williams are with the Guinness Global Oil and Gas Exploration Trust.
The Guinness Trust is a fund that invests in firms in the early stages of exploration or development of energy resources which it believes will attract investment from oil majors.
Fund Managers
Guinness Asset Management, founded in 2003, has group assets under management of $1.1 billion, including
the Guinness Global Energy Fund.
Stephen Williams has 13 years’ experience in the energy sector. He was an investment analyst focussing on the
energy sector at M&G Investments from 2010 to 2016, an energy investment analyst for Simmons & Company
Intl from 2005 to 2010, and from 2003 to 2005 an analyst at ExxonMobil.
Sachin Oza has 17 years’ investment experience with the last seven focussed on the energy sector. He was an
investment analyst at M&G Investments from 2003 to 2016 and has also held investment analyst roles at Tokyo
Mitsubishi Asset Management and JP Morgan Asset Management.
If that did not give an indication of the company’s intention, why would they have these guys join the board unless a major acquisition was going to happen, l may be wrong but that is the way l am looking at it.
Two ways to look at this, RBD are going to buy in to a listed Oil & Gas company OR a private entity that is under the radar? I am not inside nor did l take part in the placing, all my research notes are from reading, diligence and trying to join the dots.
I could be completely of the mark, but reading the the RNSs, they look to be pointing to something happening within the next few weeks.
Notice of General Meeting
22 September 2017 the following RNS was published:
Further to the announcement of 20 September 2017, Reabold, the AIM listed investment company operating in the natural resources sector, is pleased to announce that it is today posting a notice of general meeting (“the Notice“) to shareholders, and the Notice is available on the Company website www.reabold.com.
The general meeting (the “Meeting“) will take place at the offices of Hill Dickinson LLP at 105 Jermyn Street, London SW1Y 6EE at 10.30 a.m. on 12 October 2017.
Resolutions
The resolutions to be considered at the Meeting are set out below.
Resolution 1 – Authority of Directors to allot shares
This is an Ordinary Resolution granting general authority to the directors to allot new ordinary shares up to an aggregate nominal amount of £1,000,000. The authority will expire on the date of the next annual general meeting of the Company.
Resolution 2 – Dis-application of pre-emption rights
This is a Special Resolution authorising the directors to allot ordinary shares for cash up to the thresholds described in Resolution 1 on a non pre-emptive basis pursuant to the authority conferred by Resolution 1 above. This will allow the board to allot shares without recourse to the shareholders so that it can issue shares for cash, grant options and allot shares to directors, employees and consultants pursuant to share option and incentives plans of the Company and move quickly from time to time as it deems appropriate. If the authority is granted, it would only be exercised if the Directors believe that to do so would be in the best interest of the shareholders as a whole. This authority will expire at the commencement of the next annual general meeting.
What l am seeing here, judgment day is coming and once we see all the motions are passed, the company are free to announce news updates, bear with me because these are all personal thoughts, views.
25 September 2017 RNS For me was the icing on the cake and told me l was on the right track Holdings in Company
You guys shouldn’t be investing if you need to be told “who is the Milton Group”, this RNS alone tells me they have swallowed up 10.10% of RBD, someone is seeing future value in this company who knows a lot more than me.
Now we sit back and see how this unfolds. Very few shares catch my attention, but this one has ticked all the right box’s, l could be totally wrong but on a personal note. I think l have done my homework, I press the buy – sell button, October should be a game changer for Reabold Resources (AIM:RBD) as a company IF l am correct.
PS Do your own home work and don’t listen to a word l am saying, you make up your own mind.
