The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma 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.
The MMs are c0-cking about with this, Stupid itty bitty trades and clown spread. It's clear to me this is being manipulated on spread/touch. Folks this is going to lurch North. Be there or be square. GLA
Given the Paloma disposal at 0.5p, I don't understand why the value hasn't recalibrated to 0.5p?
Some really odd little itty bitty sums being traded and sold, just seems like some entities are manipulating the spread and status of the touch. GLA
That’s my point the funds must have been convinced the RTO was solid it’s a substantial amount of financing at many times ROCKS mkt cap.
I think Rock had a lot of good things coming its way before the crazy mess ,that's why funds bought in at 0.5 , they are under valued .
I have to admit I am still staggered by this, not so much by Rock who you can understand eyes lit up at this opportunity.
But here we have 3 funds that bought in at a premium and were prepared to fund the remaining 90 percent of the acquisition at 0.5p….
Crazy stuff .
Sorry ,double where we are now.
So that's the 400 million Paloma shares and the extra 80 million from our raise accounted for, Rostra Holdings Singapore, a global investments holding company. Do not forget they paid .5 for their 18.86% of the company, half of where we are now!
Yes the rns today was very good and a punt here is ok. The mkt hated the position after the reverse collapsed but I think this is much better news and a free go for the company bearing in mind all the drilling costs are met by others
I have been in ROCK for few years even bought at 2p, so if you here for long term good time to fill your boots .
Especially if you look into the volume. Not really that much. So the big holders are still with it.
The pre-suspension share price here was based on the potential of the company's 'assets', the reverse takeover deal had no bearing, so not quite sure what has changed on that front to cause this sell off, just the usual AIM panic i suppose.
You mean 0.10p ??
10p!
The mkt does not like this and the SP has nearly halved in just over a day. I see no reason to add to this falling knife at the moment. I could have got out with a profit yesterday but the mkt is worried that a lot of money has been spent on this deal and a placing is now needed. Nothing much has gone right for Rock over the last few years
Seems to be more fiddling on AIM than on a folk night in an Irish Pub.
what a shower of absolute feking ****e.
Better we found out now than if the transaction had completed then sanctions applied
Nothing much changed and back to the grind of proving up assets
We won't know what their motive was for buying but when these small AIM companies start getting into bed with murky middle eastern metals entities it generally doesn't go well so I'm pleased it's fallen through
Get drilling our assets and make us some money ffs
Its turned into one big MindFk to be honest.
Pointless selling, but not going to add more, will wait and see what comes next...
I'm trying to work out if this is worth a rebound punt, but most of me thinks that this has gone head first into the crash barrier atm... Any advice gratefully welcome :)
Interesting though, This mornings RNS's account for 620 million shares probably of the 700 million we issued to get the £3.5 million, so another 80 million shares plus the 400 million shares that Paloma sold, all at .5 ,to be accounted for.
So some big hitters are seriously underwater here. I wonder what course of action they will take?
Or escaped..
Not yet ,we still hold a 10% interest in the targets.
Or escaped...
Looks like we've swam with the sharks and got bitten. Paloma look very dodgy.