Rheochem Share Discussion Threads

[ducatiman] 02/2/2011 07:32

big spread over there though riv. Nonetheless hoping for a bit more today, 20p looks achievable near term.

[rivaldo] 02/2/2011 06:52

Up 15% in Oz to 0.23, or almost 14.5p :o))

[eric76] 01/2/2011 19:45

Good volume today ending with 2 350k buys. Looking good for the next leg up if this keeps up imo.

[rivaldo] 31/1/2011 15:59

...as proven by another tick up :o))

[rivaldo] 31/1/2011 12:52

Nice 135k buy just through at 13.43p - seems like good interest here at present.

[rivaldo] 28/1/2011 10:09

Back to the highs again?

Looking forward to more North Sea news flow.

[sammu] 27/1/2011 09:42

Hi rivaldo
True most are non-dilutive options (except a farm out, or if they go for another placing rather than a rights issue).
It is unclear whether a trade sale of the services business would value it as much as us shareholders would like.

I don't have a good handle on how much more cash is needed for Athena, but I guess it is somewhere between £5- 10m. There are lots of ways it can be raised but some are better than others, and I would feel more comfortable if there was more surety about this. Hopefully some of the questions will be answered in the upcoming TS.

[rivaldo] 27/1/2011 09:05

Not much need be said about the above other than that:

(1) RHEP list a number of non-dilutive options for any extra, smaller financing
(2) RHEP believe the legal claim "is unlikely to succeed"

Evidently RHEP are pretty confident.

[sammu] 26/1/2011 13:02

IG won't let you open positions on this at the moment.

There hasn't been much talk recently regarding some of the uncertainties regarding RHEP, which I think are the main reasons for the cheap valuation. Namely:
Law suit claiming £11-12m from Zeus for alleged breach of contract. Hopefully this is speculative.

Funding uncertainty for Zeus- the £14m from Gemini has helped but more is needed apparently, and there hasn't been any further news:

[bobbieblock] 24/1/2011 23:44

Eric, better a few 4.75p options than shed loads of warrants like the por 2p buyers of atc have been hit by.

[annie38] 24/1/2011 16:17

E76: Have emailed Co., will let you know if/when I get a response.

[eric76] 24/1/2011 15:39

Never been in contact with them myself annie but i don't see why not?
and yes hoping for another aaz rise here Bobbie but without the 4.75p options. lol

[annie38] 24/1/2011 15:31

Would the Co. not confirm, if approached, whether or not operations had been effected by flooding, to avoid speculation ?

[bobbieblock] 24/1/2011 15:30

Rivaldo agreed, would be good to hear about movement on the NS drilling/farm-outs.
Eric,could this be another AAZ?

[rivaldo] 24/1/2011 12:36

Agreed. Though it's likely that the Queensland operations have been slowed by the flooding, I feel that this time RHEP's core operations are more widely spread and are better able to cope with any slowdown in that area.

Above all, the North Sea operations are what I'm here for and the potential multibagger prospects. News on Athena and the other prospects could come at any time, and I don't want to be out for the sake of grabbing a penny or two here or there.

[eric76] 24/1/2011 11:46

I've started picking a few up again too this morning as I feel the same way about the n.s assets.

[addict] 24/1/2011 09:20

Went back into RHEP at around 5p,and very pleased to see the rise in share price in such a short time.Sold a portion to hedge my bets but the north sea potential is huge so would not want to be out totally.

[donald tramp] 23/1/2011 16:41

I've been looking at this one but I think the best thing to do would be to wait as we could see a drop if the floods have affected trade again, which I guess they will have, so there could well be a better entry point. We will see.

[eric76] 23/1/2011 11:35

I'd imagine the answer to be yes as they were effected by them last time just not sure on the effect on the share price if their North sea ops are on target and it doesn't mean too much of a cashflow problem (as they've already talked about the possibility of needing more funds for the N.Sea in previous rns's afaik).
Would still like to top up myself though having had to sell a load when moving broker accts from natwest to barclays just feeling a bit cautious in case theres a less than positive rns about the floods right after my purchase.

[puku] 23/1/2011 11:25

any idea if the floods would affect their operations ? I already hold and thinking of topping up.

[rivaldo] 21/1/2011 11:30

A poster elsewhere says he's heard 19p in the next 6 weeks (or 5 from today).

Let's see if it happens :o))



"Jan 15 2011, 17:29

I am afraid,I only get the juce 3rd hand.However,6p up to 13p speaks for itself.My son in law got the tip from a "broker ".I don`t even know if he is a broker.

At 13p I thought that was about it.My son in law had a meeting with the broker yesterday regarding another job on his house.He was asked if he had taken any previous advice.The latest is,19p in the next 6 weeks.My son in law has no money,but said he had passed on the info.That is about it,not very much,but the tip has been very good up till now.Things have been slow,but no dips.
Cervantes."

[bobbieblock] 18/1/2011 10:13

Hopefully as athena gets closer to production we'll see some more action on the other blocks too.

[eric76] 18/1/2011 07:39

Thanks Bobbieblock good to know others feel pretty much the same.

[bobbieblock] 17/1/2011 22:38

Eric, hopefully by the time the results come out, the story will be all about Athena. The development drilling will be well under way and hopefullt the fourth well will show up a bit more oil.

[eric76] 17/1/2011 13:22

Anyone worried about the Australian operations letting the side down again due to the extensive flooding again?
I don't like the idea of missing out on the Athena upside but their last finals were rather wrecked by flooding and they seem to be in the same boat this year?