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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You are right and Thursdays is a normal day for a placing for ROSE.
“Their own company” if you take a closer look has 10 times the M/C of here and only twice the amount of shares in issue, take these two seriously,they know their stuff.
Ramped hardcore today lol, will fall hard too.
Yes the new men hired will assist in diluting this to the high heavens look at what they have done to their own company's
Big placing Coming here, this share will go no where with out some real cash, look at the business plan for God sakes and who will lend these guys,
TipTop I saw this coming and got out at over 2p. I am very enthusiastic about ROSE. It is just the last raise was nearly a year ago and I suspect the cash is being burned up. I am ready to buy big time very soon. It is a great asset and well undervalued. Let's see what the boys can do. Good luck.
No ramping from us lot, It's all about the timing of your entry superRot, I fear you got it wrong :-( let's hope I've got it right :-) This is a very good asset and now it's got some good men behind it too. Fair value is a lot higher than here imho especially with a MC of less than £2m and less than 200m shares in issue !!
You seem to have lost your Rose enthusiasm!
Hope you all do well. I am just watching for that overdue working capital fund raise.
Should of had a dabble Irish :-)
£15m sensible MC for current position imho
Hi, I am still on the fence here but watching very closely, as I see it DS and JB are the knights in shining armor and with a bit of nudge nudge wink wink could awaken the sleeping dragon. I shall stay in the shadows for a few days then may join the party .
Hopefully!
I know we differ on the means and possible dynamics of any deal, that isn't important really.
The important thing to me is that DS and JB were brought in by disgruntled shareholders, effectively going over the heads of the board. Half the board have jumped ship, so its two old guard vs our two new boys.
Our boys have access to the $, clearly the old guard didn't, and no doubt they've struggled mightily to raise cash for quite some time now.
So whoever has access to $, DS and JB, basically they say what goes.
Agree they wouldn't want a black mark on their "tip top" CV's, so now awaiting developments......
Could be a good day here tomorrow :-)
Hi skittish, lol. Big upside here achievable quickly with our boys at the top. He certainly wouldn't get involved if he thought it was going down the pan imho.
Could be some very quick rises here. 1.5m mc silly
Hi TT
I'm lurking here also. The "other side" is getting a bit emotional, so I'm giving it a bit of a rest over there.
Looks interesting here and worth a modest holding.
Hopefully they'll put something worthwhile together, however they achieve it.
""Matt has been a resounding success over his tenure...""
I have probably read a more inaccurate comment on this forum over the years. But I certainly can't remember it.
"Matt has been a resounding success....."
Beggars belief.
In fact I would expect the deal was already done in theory before he joined, hes military and leaves nothing to chance. See an easy fix and get the deal done ASAP imho
I expect JB and DS will get oppies, then they will have a quick solution re farmout. I'm not expecting them to raise much funds, if any. Great asset .......just needs the right man to farm it out. I dont see JB being interested in a longterm story here. He has contacts in high places to secure a deal quickly imho.
Great to hopefully see a shift in sentiment here. As everyone has said, they need funds. Hopefully if/when they do raise funds Sefton and Berwick buy a large chunk, I feel this will show their commitment to turning ROSE around. Gla
I get the negativity towards MI, but ROSE has "potentially" turned a new leaf with DS and JB also involved. They haven't been brought in for shiits n giggles!
I stand by my statement. With new leadership, direction and hopefully some substance moving forward, this current market cap is a steal.
Worth a punt.
And let's not forget that we have copper, uranium, gypsum, helium and oil too. Matt has been a resounding success over his tenure for a last couple of decades when he has delivered stellar returns for the shareholders with nary a thought for his own back pocket. And only a couple of fund raises. Over nearly two decades. And highly profitable.
Agreed. Just watch out for a working capital fund raise. I was expecting a £15m MCAP with a JV last Dec. So lots of upside.
Genuine question, if Idiens wasn't at the helm and we knew there were deal makers working out funding for the paradox drill, what market cap would you say is fair? I honestly thinking that at £5m - £8m market cap no one would bat an eyelid and would be a decent start as a speculative market cap. that 300-500% from here! Now I'm def not saying that's what we will see, but I am saying it wouldn't be unreasonable "if" we knew there was a proper route forward for the paradox.
If MI with the help of DS/JB can FINALLY get this right we're at a level which "could" see an explosive move. Punt money only of course, but huge potential reward.
Lol let's not get carried away. But I'd say it's def worth a "punt" from this level.
Yes time to sell our houses, cars and worldly possessions.