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"Malcy and Oilman Jim seem to like the new investor" ...
not sure about Oilman Jim, but Malcy likes everything what gives him a chance to comment on.
so, the new Executive Chairman John Colin Harrington is the founder of Origin Creek Energy LLC, a private equity firm.
a private firm less than 3 years old. so, what a junior isn't dreaming of becoming bigger & successful ?
and what a private equity firms are doing for living ?
Private equity firms , at their most basic, invest in the companies not publicly listed or traded.
OR
they do invest in public companies with the intention of taking them private and ultimately delisting them from public stock exchanges.
and now lets take a look at the list of Director and significant shareholdings:
Matthew Idiens - 2.52 %
Chris Eadie - 1.20 %
Tom Reynolds - 0.70 %
Flute Investments - investor - 4.14 %
Hawk Investment Holdings ltd - investor - 2.83 %
and now Origin Creek Energy LLC gets 14.84% voting rights.
this is more than Directors and significant shareholdings all together...
this is really interesting.
brief paragraph today on his blog
Yh top tip, I’m in this morning! Dyor
Thanks for the tip. You are right to avoid. I will stay away. I am over this loss anyway. Best of luck.
Ismaliq got banned for good SR, I’d avoid this pup, casp just announced a 37m oil column which they believe extends over 58km squared, worth’s look SR, huge!
Back as well after another two day ban. No need to say anything bad here. The market share price movement says it all. The bans and deleted posts only seem to occur here. Very strange indeed. On a positive note on twitter Malcy and Oilman Jim seem to like the new investor so I assume there is great excitement here again. GLA. I will buy back in when I feel the time is right
You cant say what you want without being banned but im back ..its right if you dont word your post correctly then you will be banned for a couple of days
That would indeed be a sad state of affairs if Idiens did that. The very least he owes LTH's by getting a debt package which is a big ask considering ROSE doesnt have any reserves on the balance sheet but im hopeful that something is coming.
Lets hope its good and not bad. ROSE could potentially 10bag from here IF they sort out the funding on decent terms. Mcap is pretty small and NPV at $100m+ gives some room for negotiations.
Even if they gave 70% of the license away for a free carry that would still give ROSE a risked valuation of $20m which is still a few bags from the current level.
ATB & GLA
Q: at what cost Rose will be funded
A: at the cost of our trust by taking the company private and delisting.
who exactly got suspended and how your cousin knows that unless ... he is the guy who reported the posters? dont u worry, im not touchy, i will repeat my post again
Been watching this for a few years and have traded it successfully albiet at a small profit. The problem here is the CEO Matthew Idiens who has throughout this whole debacle been taking a £200k per annum wage yet hasnt got much skin in the game.
His recent purchase was just to throw another glimmer of light for the market as has been the recent appointments. This new appointment is possibly yet again another glimmer of hope for LTH who are probably 90%+ down on this share.
The new Chairman has the experience, expertise and wherewithal to fund this well program for ROSE but the question remains, at what cost?
My cousin had told me that accounts have been suspended and posts removed. Very sad and the sign that a few home truths have been said. Have a nice day. There will be minimal posts here for a while.
Caz I may be wrong. I am just angry at losing a small fortune here when a very rosy picture was painted. Once bitten as they say.
The proceeds of the Fundraise will be used for general corporate purposes including the appraisal of identified investment opportunities within the Company's current portfolio of business development projects.
Real mess. Glad to be out. I am surprised the new chairman stayed as long. Usually runs in three's :(
Now, uninvestible, wasn’t that what Malcom Graham wood said about Angs!? Well he should hang his head in shame if he tries to put any kind of spin on todays announcement, perhaps he will do the honourable thing and use the same statement for Rose.
Rose has to be teetering on the edge now, having received no funds,if this guy now walks away, like the previous two it’s lights out for Rose!
Hang your head in shame Matt idiens and associates, you’ve obliterated everyone’s investment, without exception!
Another Chairman walks away from Rose Petroleum! Fook! Run for the door
‘I look forward to Colin Harrington joining the Board as Executive Chairman. I believe that Colin's extensive regional and operational expertise will be of great value to Rose as we look to optimise our portfolio and unlock additional opportunities in the upcoming months’ More dilution coming, Idiens at his best. Wonder which country he will be having an affair with next? What happened to the paradox?
Thank you. Much as I thought Enjoy EUROVISION.
So the rumour is that Novum had the begging bowl out a couple of weeks ago, the address by the new chairman to brokers, started with, “wtf, is my share price doing down here!” Look no further than your ceo mr chairman, seems bit of awkward body language between the two, probably chairman now seen how bad things actually are, and that idiens is sucking the life blood out of the company with a bloated salary, company was imho at the end of access to funds before the chairman’s investment, must be close to that point again soon I’d say.
Nobody is prepared to be the first money in, I’m hearing, hopefully the new chairman, who apparently knows his stuff, sees the light and gives a certain person his p45 before it’s too late!
No posts since Mon this is going to probably go as SuperR describes bust to dust...
Question : How will Texas be financed? Answer : Many discounted placements of which I suspect the new investors will short the share. Warning. Investing now is likely to cost you dearly. You will be diluted to dust. Buy in a year or two time if you are interested. I have learnt the hard way.
Not a coma its dead ...we need a 100mw shock to give a movement ..we are gone by 5 months..unless we have a miracle ..idiens needs to go ..we have no updates at all and thats bad for a CEO ......look after no1 seems to be whats happening ..no update ..no drill..no money ..no leadership and no company soon
Inordertorecooverddrilless