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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
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.
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.
looks like the latest interview video gone as well... cant find it anywhere.
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.
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!!
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.
Beside himself SR, wanted to press the nuclear button personally SR, and I’ve subsequently been proven correct, but I had to keep three, brokers onside, and some favoured a handover period, I only had 4% remember, nevertheless, SR never say never, and I’ll pounce again if the opportunity arises to take control, I’m meeting a ceo of another O&g company, next week, private atm, an old friend, and work college, Rose will be part of our discussions I’m sure,
Some management forget that ultimately, it’s shareholders who own the company, case in point.
Good luck on your new venture. We live and learn.
Dummy very strange. Off hand goings on here for sure. You can view a video from years ago. Why take this one off?
wonder for how long the last few posts would last ))