Rose Petroleum Share Discussion Threads

[rmart] 07/3/2016 07:50

gold oil and copper all rising again.

not that the price of all 3 of rose main assets matters of course :)

[judijudi] 05/3/2016 08:33

I've been averaging down in the hope somebody at this bombed out share price buys us out for the acreage (or at least a farm in. Though a farm in is unlikely with oil as low as it is)
We have funds to pay magnagement their salaries for a while, but no funds to drill for oil and probably none to mine. White Knight required
imho

Rabbit
Hat
Matty

[pottermagic2310] 04/3/2016 23:30

Anybody think Rose has been producing Gold at all since December ?
Anybody think Rose has been finding decent Oil Reserves or producing Oil at all ?
If both have been happening this past Quarter, then I recognise potential for the Share Price to double or treble on such News... and I hope this is the case.
If there has been no productivity on either front, we are where we are and I'm unsure about taking a chance and averaging down enough to make a worthwhile difference should a complete turnaround surface out of the blue ?????

[judijudi] 04/3/2016 23:21

mart,
And the gold you keep harping on about. We which we don't mine an egg cup full of. What is that worth?

[wisteria2] 04/3/2016 18:37

Not to mention but....brent up 4 percent at the mo

[rmart] 04/3/2016 12:29

wisteria2,

dont mention the oil price as apparantly it is not relevant :)

[wisteria2] 04/3/2016 10:14

Very true rmart, but the oil price was a lot higher,and the number of shares via placing has diluted... but agree with you its heading in the right direction. If oil continues to climb then the share price should ping up to a more realistic value!! just my thoughts...gla.

[rmart] 04/3/2016 10:06

and the share price was 2p based on those numbers !

[rmart] 04/3/2016 10:05

from Jan 2015.

The forecast production cash cost is US$699 gold equivalent based on US$1,200 gold for a projected minimum mine life of three years. It is also planned that the production from Mina Charay will fund the exploration programme of the Tango porphyry targets as outlined below.

...


They were happy with $1200 gold. We are above that now so the least we should expect is some comment from the company.

[wisteria2] 04/3/2016 09:59

It was the haulage costs that scuppered it! at what price is it viable is the question that needs to be answered .. Perhaps jj could get that from Mr Idiens next time they are chatting on the phone!! GLA HOLDERS

[rmart] 04/3/2016 09:58

Gold is now at a 2yr high. Surely we have to take advantage of that?

[yesyesno] 04/3/2016 09:51

DEC 2015

Gold / Silver Production - Mina Charay, Mexico

Mine production has continued throughout the year from the Mina Charay mine in northern Sinaloa, Mexico. However, as the Interim Report mentioned, operational efforts have been overshadowed by the continued decline in metals prices. This has put a significant strain on the operation and against this backdrop, the Company has now decided to suspend operations at the mine. In the meantime, the Company will focus on toll milling third party ore at its 100% owned SDA mill in Acaponeta. The processing of third party ore has already commenced and further ore has been identified - this will enable the Company to keep the mill operating and expected to more than cover direct operating costs. This also reduces the risk profile of the operations as Rose will no longer have to fund the mining and transportation costs which were a considerable monthly outlay.

It would take a time to get production back on line but it's possible. But surely if the price is rising the mill would be in demand and that would increase income with minimum outlay. And if they still have a stockpile of commercial gold that too could become commercial.

[rmart] 04/3/2016 09:40

Wow gold spiking, now $1275.

[1i1i1i] 04/3/2016 09:36

Right off? They have no debt, go stand in the corner!

[pottermagic2310] 04/3/2016 09:16

ROSE declared it wouldn't be mining Gold many months ago and has issued no +ve News since to turn that decision around. I'm discounting any mining/Production Costs and any potential profitability.

All of the most recent News from ROSE this past few months suggests this is done for. I harbour devlish thoughts that the BoD might spring a few surprises related to the Oil side and (maybe) Gold production, which in theory could prompt a change in Valuation... x2 or x3 at today's Price... but worry that any new Investment now might be throwing good money after bad.

For me, this is a complete right-off.

[rmart] 04/3/2016 08:32

gold now $1260

[judijudi] 03/3/2016 10:51

Have we the money to re-start mining?
At the moment I think not (happy to be wrong though)

Rabbit
Hat
Please
Matty

[rmart] 03/3/2016 10:43

Surely idiens will be mining our own ore at the moment ? we need an update on this.

[judijudi] 03/3/2016 09:38

Wide spread = market makers looking to buy shares??
funny
:)
If as you say the MM''s want shares so desperately, do you not think they would narrow the spread by increasing the bid to encourage the sells?

[yesyesno] 03/3/2016 09:33

Wide spread, Market Makers looking to buy shares. The is something afoot here as it's held up very well against the forced seller in the pack. I mean why would MMs want to buy shares if they have ready seller? What do they know that we don't?

[wisteria2] 03/3/2016 08:36

mart you buying again!!

[rmart] 03/3/2016 08:35

nice chunky buys going through.