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RBD

Reabold Resources PLC

Energy First-pass screen £15m
340/1000 Overall fit
AI beneficiary 35% 18
Operating leverage 25% 38
Valuation 25% 48
Downside protection 15% 42

First-pass take

Pure oil & gas explorer with zero AI exposure, loss-making (£45k, £0.6m revenue), and no portfolio cash flow until West Newton (first gas 2026+). While net cash position strong (£5.5m, no debt), deep NAV discount (shares 0.21p vs 1.2p risked NAV) and commodity cyclicality make this non-core to strategy.

Flags

no-ai-exposureexploration-stagepre-revenuemicro-capcommodity-cyclicexecution-risk