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it's only one kind of news will land : delisting and going private
Good luck I hope news lands soon.
One thing I have learned is that when announcements and news summaries contain words like "upbeat" and "encouraged" it usually means the opposite.
Knowing this has saved me from another dog of a share.
"Yes the patient has sadly passed away in the night" ---- most likely
To All ROSE shareholders.
News coming very soon.
yep , dude , u'r reading this right way...
u shouldn't be surprised by now at all if you would follow Rose's updates since 2014 ))))
Am I reading this right. So 4th April 2018 we spend $120,000 buying more "what the Directors believe to be highly prospective new acreage." to just give it all away 19 months later? WTF?
yeah yeah yeah,
in other words: there is no more " 1 billion barrel oil" Paradox Prospect fairy tale we have been fed since 2014.
maybe because it never was any from the beginning?
Let's start with Rose Petroleum (ROSE), which announced an 85% reduction of their Paradox acreage from around 80,000 acres to 12,000 acres to save on annual lease rental costs. They still retain the key drill site, but ROSE is already in this deal on a promoted basis, paying 100% of the well cost for a 75% interest in the acreage, so although they talk about it, it's difficult to see a further farm-out. And since previous management couldn't raise the funds to drill this project, why should the new? The current management talk of new deals, but still have no details - and the big unanswered question of course is how are they going to raise the finance both for any new ventures and for Paradox?
If cash was 0.5m USD after the May £0.3m raise imo they must be very very low on cash now. I am expecting s raise or this to fold very shortly. I think the new owners fell for this hook line and sinker like the rest of us? Also what are all the staff doing? Very sad. At least there is some value ATM for those wanting to escape.
and I'm already living in a tent in the dark corner of the local park
The way its going with my investments i will pinching off the tramps soon
Yes Xmas is coming but no turkey on the menu for ROSE shareholders. They have to head to McDonalds for the 99p savers menu.
He is sorely missed by all. Lol
from Half-Year Report:
"Cash and cash equivalents at 30 June 2019 were US$0.5 million "....
and Xmas is just in 2 months and Santa is coming to Town ....
mmmm.... the former major shareholder still keeps an eye on Rose...
thinking of revenge, Tonnacombe?
Agreed and best wishes
i hope KEFI get the go ahead this month like they have said ..thats taking longer than i thought but still if it happens then good on us
nothing started yet ..no drill date...no money..i will believe when this happens ..this is all hype ..they could have just said we have no money so we will reduce land and look at the best possible route to drill the best place ..so we can do another placing ..and to LTH many thanks but sorry your money has gone ..
So last year they were buying new acreage. Now they are giving it up. Great Strategy!
Imo classic news before placement.
Yh slam dunk sell
Time is lapsing on drill permits.
GET A MOVE ON!
here is a Big News, dsrt2012: Rose is no longer on "possible drills in 2019 onwards" list
https://upcomingdrills.com/
When we get the next real news out ..they will have to sendcmine to heaven ..i thought idiens was bad but this new BOD seem to have no problem keeping us hanging on forever..RIG NEWS would be nice