Ridgecrest Share Discussion Threads

[master rsi] 25/3/2021 12:48

Some sugestions no mine

"2 v 1 on the bid/ask on level 2 so that was the obvious sign the MMs are trying to fill large buy orders."

[master rsi] 25/3/2021 12:44

Festario

it is not for you, though it seems you are using this language

sloppyjoe2 25 Mar '21 - 12:13 - 839 of 843(premium)
Hope value seems to be zero or negative at the moment.

[master rsi] 25/3/2021 12:42

Three green bars in a row on the 30 min chart, picking up nicely now

[festario] 25/3/2021 12:27

Explain please Master

[master rsi] 25/3/2021 12:24

It shows when posters have no money or shares on the company

Garbage talk is their motto
------------------
there were some 2x1m delayed buys earlier
I help them move to 1.70p with 250k buy @1.65p

12:02:00 1.65p 250,000

[master rsi] 25/3/2021 12:20

2 at bid 1.65p now

12:04 CFEP 100,000 1.6512:17 MREX 100,000 1.6512:05 WINS 100,000 1.612:01 PEEL 100,000 1.510:49 STFL 100,000 1.510:31 SCAP 100,000 1.45OFFER1.7 100,000 PEEL 12:011.75 100,000 SCAP 10:311.8 100,000 STFL 10:491.85 100,000 CFEP 12:041.9 100,000 MREX 12:172 100,000 WINS 12:05

[sloppyjoe2] 25/3/2021 12:13

Hope value seems to be zero or negative at the moment.

[master rsi] 25/3/2021 12:07

from the "UPS" thread

KEEP an EYE
RDGC 1.65p
There 2 at bid side 1.60 v 1.65p PEEL, but only quoting 100K, earlier was 1M

[festario] 25/3/2021 11:49

Hope value

[kemche] 25/3/2021 11:47

Fest - I am confused - which bit did I make up?

[festario] 25/3/2021 11:44

Ha... Kemche you just made that up.But then again, so did I.

[kemche] 25/3/2021 11:00

I believe onsideman may be right.
Fest - I believe you are referring to "hope value" - which is a different thing entirely and cannot be quantified.

[festario] 25/3/2021 10:26

Which makes no sense Onesider.You know full well I'm referring to the faith, goodwill and expectation perceived by investors in a strong proposition.

[flying pig] 25/3/2021 10:19

Well I have added a few more - we will see if it is a sign for a further fall.......

[onsideman] 25/3/2021 10:19

Festario24 Mar '21 - 23:48 - 827 of 829



Do you know what Enterprise Value is, or are you just throwing what you perceive to be a buzz phrase around and hope it applies?





PS here's a clue... Enterprise Value = Market Cap + Debt - cash/cash equivalents

[nakedmolerat] 25/3/2021 09:38

Maybe at 1.5, but then it did drop through 2.5 and 2.

Bad day on markets all round, so I'm switching off for today

[32campomar] 25/3/2021 08:50

I can guarantee there are lots on the sidelines waiting for this to turn, the snap back when it comes will be sharp.

[festario] 24/3/2021 23:48

Master... three of those four things cannot be blamed on RDGC.The AGM and placing date is the only company gaffe, if it is one. Those who took part in the IPO or placing are free to sell at any point they want. It's their money, and RDGC have what they need in terms of their original cash.Another of the placees increased by 1%.John Mahtani still holds over 20 million, and cannot sell any more, as he will lose face with his new investors.Ashok Patel also holds close to 30 million.The company is over valued versus it's cash position, but MAY be massively underestimated against its enterprise value.

[master rsi] 24/3/2021 23:02

Too many problems accumulating in this company at the moment, and all started on brokers in charge of the last placing, choosing Fake buyers like the Edwards and B. Reynols ( only in for the cheap placing 0.40p ) and then sale for a profit.

Placing date and AGM too far apart to be approved was another factor and led to placees selling short ahead of receiving the shares.

John Mahtani reducing by 1% did not help either ( reason already explain )

today's CCAP ( another stock in the same sector Spac ), reaching close to the date 6 months and no deal yet.

[master rsi] 24/3/2021 22:37

In this fragile Market after Spac CCAP negative news today, has taken the toll over here once again.

[lennonsalive] 24/3/2021 17:04

Who knows. We've seen TR1s for increasing and decreasing over the weeks

[onsideman] 24/3/2021 16:59

Reducing TR1s incoming?

[dungraftin] 24/3/2021 12:30

Thank you for the clarification as it's always worrying to see one's investment go down. I managed to average down at 2.00p which I thought was the bottom. As you say, plenty of confidence in management pulling off a decent rto. We'll then be wishing we'd topped up at these silly prices.

[festario] 24/3/2021 12:23

All that has happened here today is people panicking about the failure of another SPAC, that being CCAP to get a RTO done before it's deadline.That is theoretically possible in any SPAC.... and therefore could happen here.However, this is an entirely different management team, with an entirely different track record.If I had spare funds I'd be buying now.Sadly I've been averaging down since 2.8p, which I believed, wrongly, was the bottom.