The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
we're getting close to the point that our mkt cap is soon going to be close to our modest cash reserves ... normally a sign of a bargain and getting the company's other assets for free... however, much depends upon how quickly we are burning through those modest cash reserves.
The money they've raised today is more or less equal to what they declared as their last six months administrative expenses so will any go towards exploration?
Oh the joys of speculating in the smallest of junior explorers!
Further down to go here..sub .10p coming ...once the bounce has slowly dissipated...
How long can £375k last..got be some mega news news coming from raise proceeds to even quell the disdain of long term holders....
Bit like trussanomics....., will come back to bite DAVID P....
I have just fired off an email for the attention of David Price stating that this subscription placing at a 52% discount to Friday's closing price of 0.255p was never put to shareholders by way of a general meeting where it could be put to a vote, and that it has further seriously diluted the share price and increased substantially the number of shares in issue, to raise only £375k for a project that the company fixated on, rather than concentrating on our JORC resource projects in Australia. Also, mentioning the fact, that at his last presentation that he gave, he quite clearly stated after the last fund raise there would be no need for any others at present, and this was clearly untrue. I'm awaiting a response, and if I get one, will post it on here. Others should do the same and email: info@rockfire.co.uk
PI ****ED UP THE ASS ONCE AGAIN
DOG OF A SHARE
PI ****ED UP THE ASS ONCE AGAIN
0.9 the year high. Over 2p a year ago. Never achieved much apart from placings galore. Pathetic amount raised. Kept the lights on for a couple of months. Be lucky to avoid admin next year. Dire state.
Troajan
excellent price now
at 0.1360p .............great price
Hornygoatweed, you could contact ShareSoc, who are also still looking at Sirius Minerals.
The FCA in the UK may be worth a shot to see if they have improved from being toothless.
The mining sector as a whole has been in the dumps for a while.
Beware of what they say, as they might just mean that funding for Moloai is there until June 23 and not the other projects. I'd honestly be happy to see this company sold now.
Indeed this is a kick in the teeth - a 30% dilution at a 50% discount and a market cap under £ 2 million.
Literally the price of a house in North West London (though that is also heading down).
The PIs have been shafted even worse, as is sadly the case on AIM, but it's certainly a case of mates rates.
The directors are obviously taking the chance to up their stakes and I am sure the "institutional investor" is related to one of them in some fashion.
Remember Sirius Minerals (SXX) was stitched up by JPMorgan and Anglo American as well as being ditched by the supposedly patriotic Tory government.
That does not look yet to be the situation here, as ROCK now have funds to expand Moloai, which is obviously their best bet at the moment. They say they are funded to June 2023 and they obviously have links into the Greek government, which has the transparency levels to match an AIM company! Anyway, at least its in the EU, the mine has got metal, and I am remaining optimistic of a buy-out or JV at this bargain basement price.
80% down already - might as well ride this one out!
The only way that we can prevent these situations is to club together, and put our shares up for sale to another company, if necessary. If we can sell our companies out from under the feet of the management then they'll have to act respectfully towards us or lose their jobs. But it takes everyone to act together.
shocking.
the amount raised wont last long .
shareholders wipped out as always
Price had some balls only a few months ago to say no placing planned.
Absolute disgrace
The problem is that apathy is in the market and so they can get away with anything, but if we all stand together then we can change these situations.
This is just a money pit. One raise followed by another.
Buyer beware.
I think that the placing needs to be cancelled and there also needs to be an investigation into where the money that was raised has gone, as they haven't done the drilling that they informed the market that they were going to do.
Wow - that is some discount to Friday's closing price. I got out a while ago at what I thought was a painful loss. That said, I expect there will be some appearing later today to suggest what a bargain and opportunity the inevitably heavily falling share price now represents!
News of an Institutional Investor? What action are you proposing we take, and why?
What price today raising at a 50 % discount...
Would have been better to sit on the fence...
Not holding fortunately but may jump in today when it hits sub .10p ....
Is anyone out there?? Anyone share holders that are willing to take action??
Investors shafted,did warn you ,and this won't be the last
Lets hope so
V unlikely rock wil; go bust it’s possible they can mothball projects as to raise at this derisory level would be plain silly.
War sucks and there will be a drawn out f up, then I expect the powers to draw up another Marshall Plan and add green energy to it, as they won't want to rely on Putin's oil and gas. I'll let others speculate on how we ended up in this global rout, but I think that the EU will want to buy up metals to get to a clean energy situation sooner now. So yesterday's news was frustrating, but I hope that the management are tightening their belt, and seeking jvs, and I eventually expect consolidation in a lot of sectors.