Rose Petroleum Share Discussion Threads

[yesyesno] 12/11/2017 10:07

Cider drinkers all falling away.

[imjustdandy] 12/11/2017 09:05

20p in the cards here by year end.

[pottermagic2310] 09/11/2017 09:34

Erm... operating something we're selling, which still isn't sold and only at cost with no profit in mind... that's not moving forward at all

[imjustdandy] 09/11/2017 07:14

It's all coming together at long last. 10p in sight

[pottermagic2310] 07/11/2017 11:00

Looks like he's hopeful he could double his money !!!!
Tell ya what though, I could buy up a load more at this ridiculously low share price (all dilutions taken into consideration) and it could double in value and I'd still never see a large % of my money back.

Never throw more good money after bad !!

[imjustdandy] 07/11/2017 07:09

What's you're view on that then potter. £100,000 invested by Roy at 4p.Great vote of confidence. 8p year end min

[pottermagic2310] 05/11/2017 20:26

Based on assumptions that the seismics demonstrate there is something viable & profitable somewhere across the Basin.

p.s. lots of previous siesmics, scans, drills and other similar 'stuff' over more than a decade has never demonstrated anything of any value might be there... this is just going over old ground, others have already explored.

[imjustdandy] 05/11/2017 08:52

The availability of this data is expected to open up additional channels for financing the drill programme, both at project level and/or at corporate level, and based on historic discussions with third parties, the directors of Rose are confident of further financing being available at that time.

[imjustdandy] 05/11/2017 08:45

Future funding all in place As a result of this fundraise, subject to the resolutions being passed at the GM (as defined below) for the second tranche of the Placing, the seismic shoot is now fully funded and should be completed by year-end 2017, with processing and interpretation, and the subsequent identification of drill targets completed in early 2018. The availability of this data is expected to open up additional channels for financing the drill programme, both at project level and/or at corporate level, and based on historic discussions with third parties, the directors of Rose are confident of further financing being available at that time.

[imjustdandy] 05/11/2017 08:37

Seismic results due before year end and they have a funding solution to take that forward so 4p is the bottom. Disposal proceeds to drop any day too. Things have changed here

[aimmafia] 04/11/2017 15:30

Looking for an entry. Does anyone see 3 pence?

[pottermagic2310] 02/11/2017 15:30

Yep. Businesses like this shouldn't be allowed to continue to be quoted in a Market that has any self-respect, sucking in Punters

[judijudi] 02/11/2017 09:36

Thing is, even if the seismic's are "sensational", without funding (even if they could pull a placing off, there would be monstrous dilution) a massive loan, or a farm in partner, what are they going to do?
Use them as office wallpaper?

[pottermagic2310] 31/10/2017 21:38

I can't wait for the rather predictable "Not too much to see" announcement following "analysis" of the Seismics

[jbennett] 31/10/2017 16:02

Today's utterly predictable RNS being a case in point potter!

[imjustdandy] 29/10/2017 15:37

POO hit new high too

[imjustdandy] 29/10/2017 15:09

Mellon up from 11% to 14% and building

[imjustdandy] 29/10/2017 15:07

Truly massive

[lw425] 29/10/2017 14:10

You know what I think you're about right.

Three and a bit years ago these hit 4p/market cap 50m on the Ryder Scott report of several billions barrels of oil and gas in ROSE's acerage.

Well fast forward to today. ROSE has cash in bank, no debt, just completed extensive, state of the art 3D seismics and has a market cap of only 4m

That's not a typo. Market cap of 4m. Only 97m shares in issue with the BNY Mellon Trust holding 14.65%.



The report on the seismics is due in any week now. We could spike to 30p. Market cap of about 30m seems reasonable at this stage.

[aimmafia] 28/10/2017 16:22

If rose hits oil this will 25 bag from these levels

[lw425] 27/10/2017 16:38

So no debt, 97m shares in issue, institutional support, 3D data completed to be reported soon. Billion barrels at stake.

Forget the past. It is what it is.

ROSE could spike to 25p on positive data report.

Cash in bank.

It's worth more than 4.25m at this point in time. That's all I'm saying.

Obviously if you paid 3p in old money then you cannot be helped at this stage but there is serious wonga to be made by buying at these levels and holding.