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EPIC RBD
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EXPOSE: Reabold Resources, aka Mark Knopfler – it’s taking the piss with US spoof, most misleading of announcements

After the West Newton debacle Reabold Resources (RBD) is Mark Knopfler, that is to say it is in Dire Straits. Today it serves up news of a US deal which it headlines “Equity Exchange with Daybreak Oil and Gas - Creation of Enhanced California E&P Company.” This is surely a spoof. It is taking the piss. This is utterly misleading.

EPIC RBD
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Reabold Resources – Proof it struggles with reality

Reabold Resources (RBD) have fired the next shot in the battle for Deltic Energy (DELT) with its RNS today. In doing so it has confirmed why I have such a negative view on the company. It appears to struggle to understand plain English and indicates what, to me, is spivyness of the highest order.

EPIC RBD
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Deltic Energy – Crap offer from Reabold Resources – Sod Off

It would appear Reabold Resources (RBD) is looking to take over Deltic Energy (DELT) with an all share deal that values Deltic at less than the cash on the balance sheet. My response to Reabold as a shareholder of Deltic is simple – sod off at any share conversion valuation.

EPIC RBD
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BREAKING: Reabold Resources – Time for the Authorities to seek answers, letter to FCA

I commented previously about Reabold (RBD) and the undisclosed recipient of 420 million shares handed over as consideration for the acquisition of Gaelic Resources Ltd and the large share transactions on 31st January. Yesterday’s TR1 confirmed that Miton was not the seller. So that only appears to leave one option – the recipient of the 420 million shares. With no appropriate disclosures it’s time to write to the FCA – so I have.

EPIC RBD
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Hard analysis of Reabold Resources: The only conclusion – Californian assets are crap

Every time I look at Reabold Resources (RBD) I find more questions and reasons to dislike the Californian operations the company has, regardless of how often it shouts that they are great assets. I remain with no answers to questions I have raised with respect who sold these assets to the company and gained the benefit of the £3.1M million consideration. Yesterday the company outlined 2019 H2 production numbers from these assets. That raises even more questions.  

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