Rose Petroleum Share Discussion Threads

[judijudi] 09/3/2016 17:19

I'm a realist
Don't de ramp and don't ramp
Not lost hope at all. Just think Matty needs to come up trumps
He and his staff are earning great salaries. For what at the moment?
We need good news from him to move us forward
Not Rocket Science is it? Nor is it deramping
Just facts as I see them!

[bean02] 09/3/2016 17:00

Decent buy there. Jud seriously if you've lost all hope then sell and move on. Cannot relate to your mentality. It's unhealthy at best. If you are still a holder you're a masochist. I'm 10k down on lgo but I don't spend my days reading the boards and certainly not posting. Is what it is..

[judijudi] 09/3/2016 10:14

Ditto Einstein

rmart 8 Mar'16 - 13:17 - 5948 of 5951 1 0
oil and gold on the up again. great news for rose..

[rmart] 09/3/2016 10:11

fantastic input again...

Rabitt
Hat
Matty

[judijudi] 09/3/2016 09:53

Get the Rose Tints off Chaps

Rabitt
Hat
Matty

[wisteria2] 09/3/2016 08:19

Nice clip of shares taken .016.. GLA

[rmart] 08/3/2016 13:17

oil and gold on the up again. great news for rose..

[judijudi] 08/3/2016 12:18

Tree Shake
Funny :)
Not even £15,000 traded and it's a tree shake!
Lol

[yesyesno] 08/3/2016 11:45

Looks like a little tree shake this morning, another indication the MMs are looking to buy not sell. Looks like they have even taken their children in to avoid the rush :-)

[bean02] 08/3/2016 11:18

2 whole shares sold! lol

[jaynealex] 08/3/2016 10:44

is 0.1275 the buy price

[wisteria2] 08/3/2016 08:18

Or even at what price would gold need to be to make it viable to mine or at the mina charcy! As well as milling other compays ore...GLA HOLDERS

[rmart] 08/3/2016 08:04

At end Sept we had $4m cash. we can now mine gold at under $700 an oz and sell for over $1250 oz. We have also previously produced 1,600oz of gold per quarter.

So Exactly how much would it cost to restart mining our own ore ? this is a question which needs answering by the company.

[rmart] 07/3/2016 18:48

Yes boring, but glad to be of service with a little more input than :


Rabitt
Hat
Matty

Still, keep repeating it as it may be interesting to some.

[wisteria2] 07/3/2016 17:09

Telegraph today.

"7 MARCH 2016 • 2:14PM
Oil is enjoying a three-week rally as prices surge to $40 a barrel - their highest level in 2016.

Forward prices for Brent crude have surged by more than 18pc since mid-February, hitting $40.00 in Monday's trading. West Texas Intermediate has now gained more than 40pc since last month's lows at $36.57.

The recovery has been driven by tentative optimism that the world's major producers are edging closer towards a supply cut for the world's flooded markets. Weakness in the US dollar has also supported prices, which have now hit a two-month high."

[wisteria2] 07/3/2016 16:59

Mining Operations

Copper and Molybdenum Porphyry Exploration, Mexico

During 2015, the Company has been active in preparing permit applications for drilling on the Tango project located approximately 70km east of the city of Mazatlán in southern Sinaloa. The Board is very pleased to announce that all permits required to commence drilling at the project have now been received, and the Board is now reviewing options for the commencement of a drilling programme. This will be the first drilling to evaluate the separate copper and molybdenum porphyry targets at the project.

These permits will also cover drilling the high grade vein structure at the San Agustin gold and silver mine. It is hoped that, when drilled, this mine will, due to its close proximity, provide ore for the Company's SDA mill, which is located considerably closer to the mill than the Company's Mina Charay mine.

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.

Matthew Idiens, CEO, commented "As mentioned in the Interim Report, we have implemented a radical cost cutting programme across the group to preserve our cash reserves in response to sector dynamics. The extended timelines around the permitting of the Uinta and the Paradox have been frustrating, but the cost cutting has ensured that we will have sufficient cash to see us through. We believe that for Rose to be self-funding a single well in the current oil price environment at this time, even with the projected economics of the Mancos, is ill-advised. We have ongoing discussions with third parties to potentially progress the Mancos and it is clear from these discussions that a multi-permitted well programme is more attractive to potential investors and, given the extended timeline, the programme could well benefit from an uplift in commodity prices.

We are very pleased to have received the permits for the Tango project and we are considering our options to be able to commence drilling on that project as soon as possible. We believe the Tango project to be one of the most prospective porphyry targets we have explored."

[yesyesno] 07/3/2016 16:55

MMs still keen to push the offer side up so that normally means only three things.

Well surely the is not share issue lined up so they must either have buyers in the wings trying to fill orders or know the shares will be in demand shortly.

Children need not respond to this message.

[rmart] 07/3/2016 16:44

spot on, it would be great news becuase the higher the share price the more attactive a farm in deal is. Glad you have realised that.

You see oil production at under $30 a barrel is not very econominc. But over $40 a barrel there is some profit there and that is what businesses like. So maybe we will see more interest in a deal in which case an announcement would come, i.e heads of agreement etc which would send the share price upwards.

Also, with the gold price at $1260oz we are likely to see some interest in our mining operations which again would see the share price rise.

Lastly, with the copper price increasing... need I go on?

[judijudi] 07/3/2016 16:20

Such good news if it does. Sooooooooooper

Now back to what really matters:
Rabitt
Hat
Matty

[rmart] 07/3/2016 16:14

Maybe oil will break $40 tomorrow and gold may head closer to $1300.

[judijudi] 07/3/2016 15:53

Nowt to get excited about. Spread widened thats all

[wisteria2] 07/3/2016 15:50

Lol... nice bull penant on the chart! GLA HOLDERS

[judijudi] 07/3/2016 15:48

zzzzzzzzzzzzzzzzzzzzz
Tedious in the extreme now
Pathetic Gimps