The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Thank you and we all owe you a big thank you for trying to sort out this mess. Shame it did not work out. It was appreciated. I also see the new guy has had past problems so I think ROSE is one to avoid for a while. Also how much would a side drill in Texas cost and what is the COS? Must look at BLOE. Lots of uncertainty here and admin costs are very high. Imo big dilution coming as cash must be very low by now.
Bet the house on it SR imho, the other thing to consider here is apart from the recently purchased acreage, Rose has the right to earn upto 75%, until the first drill happens, those conditions haven’t been met, Read website if you think I’m wrong, so today’s rns claiming nearly 100,000 acres is actually inaccurate, until those conditions met, don’t know if there’s a time limit however, so be careful!!
And why appoint a new broker? ROSE now has three and the new one must be working on a raise now. Have a great weekend.
looks like the latest interview video gone as well... cant find it anywhere.
We are all leaving. New investors are buying in ready to be mugged of their savings. Good luck K3VMC. The retrace will start on Monday and the massive dilution in a month or two.
Either that, or Mr Garvie bought ROSE to see what the true state of the company is, brings in the experts for their opinions.
The experts leave. Mr Garvie leaves. Others leave, including me.
Stay for the dilution, which will be in the post.
GLA, as Marcus says.
I suspect he had been suspended by rampers who have now sold out.
and here is the part where The True Warrior of The Dark Side is walking in, The Killer of The End of Tunnel Light...
common on, South, don't be shy. Cheer us up ))))))
Good luck guys. I am fully aware this is a lifestyle company and MI's buys are small compared to his salary and will lay the way to another big placement to keep things going for another year or so at PI's expense. Imo you are wise and I am glad I got out and only have a small holding which I will trade out of shortly. Have a great weekend and best wishes.
Thanks Carey, when you sit down with the ceo of an oil&gas company and you have to explain about 4d seismic (time lapse seismic) it’s not someone I can invest in! His lack of knowledge in the field is flabbergasting.
Out with a small turn, and thanking my lucky stars, if your staying Goodluck, because that’s the only thing that’ll save Rose ultimately. Imho of course
If M Garvie is out as per RNS then i'm dumping shares as well, Have followed him over the years and made a lot of money. Can't see Rose making any money till Idians leaves. Maybe thats a clue
Large shareholder went above Ideans head and got Sefton in. A few weeks later Sefton and co leave (having sorted a short term funding solution) but nothing long term laid in plans of JV etc. Now a large shareholder sells up... seems to me a power struggle has taken place with shareholder wanting to oust Idiens and the board and shake up the company ending in Idiens coming out on top and Sefton and TR1 holder exiting. Shame really, but GLA holders and fingers crossed for JV for paradox
Agreed and doing so. gla.
Time to get back in SR.
nice that they have brought in a new team who are willing to put thier hands in thier pockets and align with shareholders, imo a very good sign,
Prob good that they have kicked Mr Sefton and Co into the long grass as we know how they operate when it comes to raisng cash, Diluted to hell and back,
GLA LTH will add a few more now
Idiens buys at market price?
New chairman definitely showing who is boss.
On the way
Well, I'm afraid as JB and DS will no longer be involved here its forced my hand and I sold up today. I think this company will do well but I've taken my profit as I was only here for JB. I wish everyone the best of luck and hope it keeps rising for you all......
Besides if I've sold it will definitely fly.
ATB TT
Next big mover could be dog share PREM. Twitter indicates at final stage for government release of £6m. Also SHG proactive interview very bullish and interims out next Thursday. Enjoy the rise here.
Dummy They will park Paradox to look at Texas. Big raise coming to pay for this and directors salaries. Just you wait and see. There will be 3 Director buys at £20k each and one at £15k for their ISA allowances. I can read this like a book. Then Texas will be parked and we will be back at square one. Lol.
" they wouldnt be throwing their money at this unless..."
yeah, its exactly what i was thinking when CEO of FRR bought shares worth £1m then 12 months later delisted the company.
not deramping, just saying.
Still some big delayed buys going though. Someone loading up big :-)
+20%....another strong day here and the MC is still only around £2.5m. The assets here are worth far more than that and the management clearly know that. They wouldn't be throwing their own money at is unless there was a plan to move forward !!!
You say you are taking on 2 experts then within days they are gone and this person buys 25m shares to join rose ..i wonder if he gets double back if he gets funding ...and the idiens raises 275k I WONDER WHAT FOR could it be a years wages for himself ...something stinks ..i thought it was the bulls on the farm but they have gone ..