Ridgecrest Share Discussion Threads

[ebomber] 03/6/2021 09:45

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22 TRADING DAYS LEFT BEFORE RDGC SUSPENSION - HOLD or SELL?
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"As an AIM Rule 15 cash shell the Company is required to make an acquisition or acquisitions constituting a reverse takeover under AIM Rule 14 on or before the date falling six months from becoming an AIM Rule 15 cash shell (as announced on 5 January 2021) or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million), failing which the Company's ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40."

"From a number of the discussions held, the Board is becoming increasingly aware that, whilst a reverse takeover candidate would value Ridgecrest at a premium to its net asset value, such a valuation would be at a MATERIAL DISCOUNT to its current market capitalisation, which currently stands at more than three times net asset value."

"As at 9 April 2021 the Company's cash position (net of current liabilities) was approximately GBP2.0 million (equating to 0.44p per share) "

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MARKET CAPITALISATION TODAY STANDS AT MORE THAN 2.2 TIMES NET ASSET VALUE
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REMEMBER CASH AT £2 million CONTINUES TO ERODE EACH AND EVERY DAY

[festario] 02/6/2021 16:30

It's been NT to sell for many days, now NT to buy, so that's a big change.

[master rsi] 02/6/2021 16:28

again Nt to buy.

[master rsi] 02/6/2021 16:22

What 1.05p bid after only 80K buy
not many shares on their book it seems (or short of stock in other words )

PEEL is on the bid alone, but the buying is from SCAP

SCAP 16:06 SCAP 100,000 1.05p

16:06:27 1.085p 80,000

[master rsi] 02/6/2021 16:07

I wonder if someone knows something about the RTO, good buying today

[cielos] 02/6/2021 15:48

Sure is - ebomber - buying, but maybe is - sloppyjoe2 - for the average down

[master rsi] 02/6/2021 15:34

RDGC Ridgecrest 1.05p +0.075 +7.69%

Buyers are back and MMs have no stock

[dealer66] 02/6/2021 14:31

Buys continue to come in , we know news is this month bar a day or two .
Could it be this week .

Multi bagger on the way

[master rsi] 02/6/2021 13:28

gone to 1.05p offer
1.05 100,000 PEEL 13:02

after a 100k buy, could have been another MM buying to move the price most likely
13:01:59 1.00 100,000

[master rsi] 02/6/2021 12:57

Last orders at 1p?
plenty of good size buys but the MM at 1p does not move

3.6M buys
500K sells

Is NT online, but it seems able to buy on the phone

[investor125] 02/6/2021 05:46

Huge GAMBLE here....way too toppy on what is known. True value closer to 0.50p....think carefully all holders..hope it works out....

[master rsi] 01/6/2021 22:43

Any trade at 1.025p or above was bought and then later at 0.99p
but only 1 MM at 1p so it moved lower at the end of the day

Buys 3.87M
sells 2.43m

[ebomber] 01/6/2021 17:10

____________________________________________________________

24 TRADING DAYS LEFT BEFORE RDGC SUSPENSION - HOLD or SELL?
____________________________________________________________

"As an AIM Rule 15 cash shell the Company is required to make an acquisition or acquisitions constituting a reverse takeover under AIM Rule 14 on or before the date falling six months from becoming an AIM Rule 15 cash shell (as announced on 5 January 2021) or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million), failing which the Company's ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40."

"From a number of the discussions held, the Board is becoming increasingly aware that, whilst a reverse takeover candidate would value Ridgecrest at a premium to its net asset value, such a valuation would be at a MATERIAL DISCOUNT to its current market capitalisation, which currently stands at more than three times net asset value."

"As at 9 April 2021 the Company's cash position (net of current liabilities) was approximately GBP2.0 million (equating to 0.44p per share) "

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MARKET CAPITALISATION TODAY STANDS AT MORE THAN 2.2 TIMES NET ASSET VALUE
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[ebomber] 01/6/2021 17:06

Why have so many exited / sold down today?

Only a handful of weeks before suspension or great riches.

Is this a HOLD or SELL?

[master rsi] 26/5/2021 22:46

sloppy

I did not tell you to buy rubbish, you are already full of it, just one more does not do any harm to you lot.
Blame the one who tip you RDGC you B@stard

[dealer66] 24/5/2021 18:13

Buys today below mid showing as sells . Anything above 1.025 a buy

[haba1] 24/5/2021 18:04

So it’s a HOLD but not a BUY? Even at this level which is less than every holders average? Strange.

[ebomber] 24/5/2021 16:49

Why have so many exited / sold down today?

Only a handful of weeks before suspension or great riches.

This is a HOLD or SELL.

[master rsi] 23/5/2021 22:12

Strong finish last Friday, will it carry on tomorrow?