Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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AA also has Peter Mann as a primary shareholder of 2.98%, so access to additional capital will not be an issue imo.
Good summary oilman
One things for certain here. AA will moves fast, very fast. Once vaccines are rolled out and the oil price starts moving he’ll want to get a number of acquisitions over the line. Looks at the II’s invested i imagine he’ll target the southern north sea gas assets specifically in the Dutch Sector.
Remember his famous ‘RRE £50 a share’ interview in March? He stated then the SNS was an area he was showing much appetite towards.
The fact he put £10m on his own wealth into Kistos. Speaks volumes. I’m onboard on wednesday with £50k.
You got it mate but hopefully will not come into it that is clearly the plan and RRE style
So at some point in the future, for AA to get down to the same % he held with RRE, an additional 20% shares will be issued, hopefully at a much, much higher price than 100p launch.
Started: Frannie, 23 Nov 2020 08:24
Last post: Frannie, 23 Nov 2020 08:24
Shares available Wed 25 Nov at 8am 100p.
Started: NewKOTB, 14 Nov 2020 11:01
Last post: dusterinmong, 17 Nov 2020 21:52
il do some digging let you know tbis week asap
MKumar - Date TBC
https://www.londonstockexchange.com/live-markets/new-issues?lang=en
Thxs Duster
Is it confirmed as 24th NOV as listing date for Kilrose??
A no idea how are we supposed to know that read the admission document
B Around a pound 24th of Nov.
C Only Insties no primary bid or the like. You will have to buy on listing day like the rest of us.
On the back of Mr AAustin and RR success in the past, it seems everyone here is agreed upon the likely excellent potential after the Kilrose listing . 4 Questions now remain as below , which perhaps can be reasonably answered by experienced folks here.
a. Acquistion's will happen soon after listing or months after?
b . When is the likely listing and What price at listing ?
c. Will PIs have opportunity to buy at listing or only Instos? if so than buying via a broker or
primary bid ? I guess people who brought in at the RR listing should be able to answer about the
possibilities on this.
Cheers
MK
16th September , depending on your broker could be a few days later.
Advice Please!
Hi, I bought £500 of RRE shares in my iii isa and they went up to £800 before disappearing from my account. As a total novice, could someone tell me what I’m likely to get paid and if I need to do anything to get paid? Many thanks!!
I, like LuckCounts didnt sell shares. How do we know when we are going to get paid or what do we have to do?
Thanks in advance
Oh, forgot, too late to sell now, last trading day was last week.
Have to wait for payment. Sorry :-(
LC,
Latest date for dispatch of cheques and crediting of CREST for cash consideration due under the Scheme 14 days after the Effective Date being 2nd September ..... so any point between 2nd and 16th afaik.
Unless you use CFD etc, if so you would need to contact your provider to see what your agreement is as the Long Stop Date is 11.59 p.m. on 28 February 2021.
https://www.lse.co.uk/rns/RRE/results-of-the-court-meeting-and-general-meeting-y2nodvs9vxezb5p.html
atb
Started: danawinner, 17 Aug 2020 18:13
Last post: NewKOTB, 27 Aug 2020 20:13
.... it is now.
Brief but fruitful relationship. xxx
Court Sanction of Scheme of Arrangement:
https://www.lse.co.uk/rns/RRE/court-sanction-of-scheme-of-arrangement-4vnwd0v67gj6206.html
Goodbye all, keep safe one n all.
atb
Well, today is RRE, signed sealed and delivered court day ..... I await Viaro's next target to be announced with interest.
NB Noticed Viaro has only taken one of the £250m Facility Agreement arranged as of yet !
atb
So long RRE, it was an interesting 6 months. My hedge against my RDSB disaster. High buy 2220 Low buy 546 profit +54.8%.
I have done fine but think it could have been so much better. Dropped £100 over the settlement date but should easily get that back through improved liquidity. Onwards and upwards.
I sold out after the t/o RNS several weeks and have put a decent chunk into LBE! It’s a slow burner over there at present but hopefully not for much longer.
Good luck to all investors on the RRE board going forward. It’s without doubt been one of the most informative and polite BB’s on LSE. Feel sorry for investors that bought above £18.50 but unfortunately that’s life.
GLA with future investments.
Dana,
Viaro would of had a plan, RRE was just their initial deal, as I stated, needed to be their cornerstone for further NSCS acquisitions. For me, SQZ is a likely target, plenty of experience as an operator, excellent staff, proven track record and trading 47% below fair value.
atb to one and all.
Started: danawinner, 17 Aug 2020 09:22
Last post: NewKOTB, 17 Aug 2020 17:44
Well, that surprised me ... they made it with only 39.67% of total available votes. They had 32% in the bag all ready. Just go's to show.
atb
Yep, all done. Thanks for the good times RRE, I hope I'll find more like you.
I sold out at 18.44. Good luck all and take care.
Looks like the deal is done...;o(((
must have balls of steel !!...;o))
Out of interest, I called Rockrose and a pukka young lady put me through to a very helpful aswerphone.
I called the Brokers, one is out at a meeting all day and the other is on the phone.
I called the financial PR people, and unfortunately they are all in a meeting.
Most interesting.
I wonder how long until the shares are suspended?
I am surprised that there were a few panicked sellers after 11 am, after all that waiting which seems absurd to me.
Very tempted to buy a shedload more before suspension.
Good news for Inner Moray Firth Groups. I3E next?
Started: NMBS, 14 Aug 2020 14:50
Last post: IAmNotAnAnalyst, 17 Aug 2020 14:13
It would be nice if they were negotiating on an acceptable price! We will see.
TXP seems interesting, they've done very well this year. That's usually the kind of thing that make me think I've missed the boat. I do remember looking at them in the past though and I think at that point I was worried about the low market cap = too much volatility.
Yes I would have expected announcement by now. Normally it would be pre prepared and ready to go.
I would expect the shares to be suspended temporarily if there is a problem
I wonder if some frantic discussions are happening as we speak?
All speculation we shall see soon enough.
As for txp things are moving well well and the gas price is moving up really well.
If we hit (when?) Gas at chinook I can see us moving over £1 in the blink of an eye.
I shall check out TXP and see how I feel. RRE have been my best investment and unfortunately there were a few serious duds, so I'm feeling a bit burned by the whole experience and a little too involved in energy. Although I do believe gas and oil, to a shorter term extent, have a strong future. It's one of those moments where investment goes away to soon because of the social context rather than the reality of societies needs.
Shouldn't we have seen some results by now?!
IamNotAnAnalist Thanks for your kind words, tomorrow will be interesting.
I have been fairly lucky this year in a difficult market, but have managed up 600% so far this year. If you are interested, click on my name and scroll down to my Weekend musings post on the 25th July. The thread is worth a read. Still lots of potential there and it's all about timing. If TXP hits gas at Chinook which spudded on Thursday there is room for a bit of growth, Shell drilled the same hole in 1959 and hit huge gas but nobody wanted it then, and the official chance of success is 50% and they are always ultra-conservative. DYOR as always. You may like to look at one or two of my other choices on various threads.
As for selling your remaining RRE shares, we get a few days to do this according to the timetable, but if there has to be an offer rather than a confirmation of the scheme, I wouldn't be in a rush to sell! Compare notes tomorrow.
Dana
I think there's a significant gap between delisting and actual payment to shareholders.
If it passes I'm hoping I can sell mine before delisting.
Started: NewKOTB, 16 Aug 2020 13:10
Last post: NewKOTB, 16 Aug 2020 13:10
Court Meeting 11.00 a.m. on 17 August 2020
General Meeting 11.10 a.m. on 17 August 2020 (4)
The following dates are indicative only and are subject to change depending, among other things, on the date upon which (i) the Conditions to the Scheme are satisfied or (if capable of waiver) waived; (ii) the Court sanctions the Scheme and (iii) the Court Order is delivered to the Registrar of Companies. RockRose will give notice of the date and time of the Court Hearing, once known, by issuing an announcement through a Regulatory Information Service.
Court Hearing On or around 24 August 2020 ("D") (5)
Last day of dealings in RockRose Shares D+1 (5)
Scheme Record Time 6.00 p.m. on D+1 (5)
Suspension of dealings in and disablement of CREST of RockRose Shares By 8.00 a.m. on D+2 (5)
Effective Date of the Scheme By 8.00 a.m. on D+2 (5)
Delisting and cancellation of admission to trading of RockRose Shares By 8.00 a.m. on D+3 (5)
Latest date for dispatch of cheques and crediting of CREST for cash consideration due under the Scheme 14 days after the Effective Date
Long Stop Date 11.59 p.m. on 28 February 2021 (6)
Started: danawinner, 13 Aug 2020 21:22
Last post: IAmNotAnAnalyst, 14 Aug 2020 19:35
Wow Dana, and here's me sitting here like an idiot. I need you managing my meagre funds.
Those documents are quite incomprehensible even if you reread them multiple times so I can understand some misunderstanding.
I shall watch the RNSs roll out on Monday with interest. And if the vote does pass will be trying to sell my shares asap...I think totally worth the wager too (not the spread bet one though).
IAm NotAnAnalyst
You are quite right - the document was badly worded, it was indeed the deadline for the form, not the date of the GM!
My misinterpretation.
Not to worry, the result on Monday will be interesting.
IG Index spread bet was £18.66 to buy in before the close today.
It would be a brave man to do that
I played the safe bet and bought £20 k worth at £18.45 today which is only really gambling the stamp duty.
Happy to say that the holding that I sold six weeks ago has performed 25% in the interim.
Worth a small wager.
That doesn't mention about a meeting today. What it says is I think you have to nominate a proxy or vote in advance by 11 today.
If you look at the scheme, there was a General Meeting at 11.10 this morning.
https://uk.advfn.com/stock-market/london/rockrose-energy-RRE/share-news/RockRose-Energy-plc-Publication-and-Posting-of-Sch/82908749
I was wondering what the result was?
Started: danawinner, 14 Aug 2020 18:02
Last post: danawinner, 14 Aug 2020 18:02
The assumption seems to be that it will go through on the nod on Monday.
I think it's a case of 'let's see'.
The scheme makes provision for an offer to be made if the scheme 75% criterion is not met.
It's a binary result. If the 75% is met then I get £18.50 for the shares that I bought with ease for £18.45 this week.
If it doesn't, an offer should come in at North of £20.
Worth a small bet.
IG Index want you to pay £18.66 to get in on a spread bet buy.
Monday will be interesting.
Have a good weekend all.
Started: NewKOTB, 9 Aug 2020 17:09
Last post: NMBS, 14 Aug 2020 14:41
As I still haven’t received any documentation, does anyone know how I will be able to find out about the result of the vote on Monday. I’m guessing someone may post it here, but is there anywhere official that this will be posted.
I was hoping they'd already had the conversations with major holders to understand if they'd support the offer. But either they have the answer they want, and the vote will be successful, or they just accept they may lose then give it another go.
PoO and gas had increased a fair bit since the bid so I'd think on that basis those shareholders who were favourable may have modified their calculations a bit and demand more.
Not long to wait now though.
Should Viaro be forced to up their offer, I can not see it not starting with a '2'.
I can almost hear the chatter of Viaro representatives sounding out major holders prepared to vote against the offer, see how much is needed get them over the line.
Viaro clearly need RRE to be their foundation into the NSCS .... so question is, at what price ? Has to be close to CoH if nothing else.
aimo
The big boys are with you :-) ... RNS's show they are still interested at 1842p too
I'm with you on this.
I put £10k in this morning at a price of 18.4548.
If the deal just goes through, I will get £18.50.
I have only speculated the stamp duty of £50.
If the deal is knocked back by a 25% minority, then they will have to drop the deal or I would think a minimum of £22.50 if you look at the increased amount of cash in the bank and increased oil prices since the offer.
I might buy more tomorrow, after TXP jumps on the news of the spud, the rig was inspected and approved today.
Started: NewKOTB, 18 Jul 2020 12:05
Last post: MTSparky, 5 Aug 2020 14:29
Brent and Gas prices almost back to Jan 2020 levels when the SP was £22. £18.50 offer looking more dodgy by the day !!!
had a quick scan of the docs (purely out of intrigue and future market reference) and thought it was interesting that the confidentiality and non disclosure agreement came into force on the 29th February 2020 :-)
anyway, having as I said already moved on I won't be wasting my hours away (39 pdf's in total) reading any more
happy reading
well my paperwork arrived today in the post however it was a bit of wasted paper exercise (duplicate letters as well which was one for each of my HL accounts) as I sold on the day of the announcement :-)
anyway, virtual meeting(s) are scheduled for 17th August 2020 (11:00 hrs for the court meeting and 11:10 hrs for the general meeting covering the special resolutions) for anyone interested.
BTW all the relevant scheme documentation can be found on their website here :
https://rockroseenergy.com/investors/takeover-documentation/
would have saved them 2 stamps had they just provided electronic notification of that LOL
Well Brent and Gas prices are recovering so a rival bis isn't out of the question. RRE worth £500-600m so a rival £300-£350m bid this week maybe.
I haven’t made up my mind yet MTSparky. I was hoping there might be a rival bid.
Started: IAmNotAnAnalyst, 29 Jul 2020 13:06
Last post: MTSparky, 31 Jul 2020 15:45
Let the battle commence!! ....;0)))
Yes very intriguing. Which bidder ????
MTS,
"or buying on behalf of a bidder... " .... :-)
Surely the buying at £18.44 isn’t anyone looking for a quick turnover and sell at £18.50. It’s not worth it. They must be gambling on a higher bid being made or buying on behalf of a bidder.
I'm still dreaming too...maybe I'll leave half in for the vote. See what happens...at least it looks like ODDO will hoover up my shares if I do sell them!
Started: MTSparky, 28 Jul 2020 13:21
Last post: IAmNotAnAnalyst, 28 Jul 2020 22:49
It does seem odd, but equally maybe it's worth it. I calculate about an 0.5% return for holding for 2/3 weeks...that's not the worst is it?
There is a risk of it falling through and the price dropping, equally a chance of a higher bid.
Not long to go now.
It does seem odd but most are using instruments. Probably happy to make a quick guaranteed return.
Maybe it is just me being thick.....lol. You would think everyone would be offloading not opening long positions, unless there is something I am missing?
yes I noticed that, but they haven't offloaded the shares. They have just been transferred over. They still own 6.4% of Rockrose.
Another example:
https://www.lse.co.uk/rns/VEL/tr-1-ezs869lz987q1vf.html
Last post: terrym, 28 Jul 2020 09:57
My friend put me onto here originally from 500-600p about 18 months ago. Ive sold now & put into SLP as he thinks worth 2x or 3x current.
Considering his foresight & research on RRE & 3 weeks ago SLP was 38p now 51p Iam going on his advice again.
As always DYOR but £100 mil Mcap with i think he said £100 m assets & £40 mil in bank.
DYOR 1st. But hoping that one does same as here :)
...until the vote. Bid rising so worth holding out a bit longer, you never know Mr £25-30 / sh might come knocking. I doubt it but this is O&G, anything can happen !!...;o))
Started: MTSparky, 22 Jul 2020 10:26
Last post: Nath89, 22 Jul 2020 12:55
I’ve been looking at miners too. Only EUA has stood out to me so far, but still digging - pun intended :-P
Any resource linked to LTZ carbon technology is going to take off IMO. Fuel cells, batteries, copper, iron. I'm buying miners not oilers.
MT - What are your thoughts on palladium?
...is where it is at. Silver is booming and likely to double in price. Iron ore rising too. I have gone for Ferrexpo FXPO for iron ore increase and a long shot Pheonix Copper PXC for Silver and other resources they are developing. Fresnillo is the largets silver miner so should track silver upwards..;o))
Started: danawinner, 19 Jul 2020 21:38
Last post: danawinner, 19 Jul 2020 21:38
Well it looks like it;s all over.
As at the first of January 2020 the share prices were
Lexion, you are so right!
1 JAN 2020
RRE 1870
TXP 22.25
Unless there is a rival bid the results are
RRE 1850 pence = 98.93%
TXP 56.5 pence = 254%
Touchstone Exploration wins hands down!
Started: MTSparky, 16 Jul 2020 13:53
Last post: Clive205, 19 Jul 2020 16:52
Take a look at UK based #UJO. In addition to some exciting exploration sites they will be a producer from early Q4. Fully funded as well following last November's raise.
Lots of excitement about the forthcoming EWT at West Newton. Rig should be arriving shortly. For some background see:
http://unionjackoil.com/wp-content/uploads/2019/12/EWT-Update-FINAL.pdf
DYOR etc.
FXPO is a good shout. Barondaytrader pumping it puts me off a little though. He tends to get everyone excited then sells out on the quiet before the general dump begins.
I'm in IPF too and have also now moved into Investec (INVP). I like both of these for strong medium term recoveries. Still looking for others too but struggling at the moment
My top picks would be
IPF for recovery 160p pre covid still managing to do business, recent director buys.
NCYT for a second half of this year and maybe into 2021 if COVID persists
FXPO has a very low PE ratio and is printing money so would be a good growth stock during and post COVID
GGP and EUA would be good miners to have for being taken out by bigger companies due to the worth of their assets and low risk of placings due to current mining contracts in place for funding.
You could be right there. Keep your powder dry or short the markets. If you can't beat 'em, join 'em !
Someone is still buying RRE by the looks of it. It aint over 'till fat bird sings....
Started: IAmNotAnAnalyst, 16 Jul 2020 16:48
Last post: MTSparky, 16 Jul 2020 16:54
I thought about calling one of the tel numbers at the bottom of page and asking what is going on. A £500-600m company selling for £250m, you would think, would attract another bid. I hope for £350m but as you say time is running out. Still no sign of the required paperwork from Viaro.
If I understand the Form 8.3s correctly there are a fair few organisations who have taken a few % directly or indirectly at around the offer price. I'm taking that as a signal that there is a possibility of an increased/higher offer.
Running out of time now though so I guess we'll know soon enough.
MT - Faron Pharmaceuticals (FARN)
Never been one for property myself too much hard work.
Last word on TILS the ceo sold his last venture for over $2bn.... $3bn would be a 10 bag from here and the current sp easily under pinned by StemPrintER. Adios.
Gamflin, I just don't see much of a return on flats. You pay about £100k for 2 beds in midlands and get about £475 PCM in rent. Take off about £1300 / yr in ground fees etc. It's better than the bank I suppose but is it worth the hassle when you can trade stocks for better returns?
Looks like we are 6 months too late for TILS multibag
I thought you were going to buy a flat?
I don’t give advice but I have moved 5% of my RRE into Tiziana ( TILS) as always DYOR. GL.
Started: NewKOTB, 13 Jul 2020 10:20
Last post: NewKOTB, 15 Jul 2020 08:48
TSC,
Enjoy your rewards and atb.
I am not upset per se, I, like many wanted to see a few more quid. I will take my half a million and go from here. And TK coming back to GKP is being talked about.
''feel a bit cheated...the story had further to go. This is oil though...never been fair''
oh FFS dry yer eyes
AND you're still bleating on about Todd Kozell 6 years after he left
yeah this is oil and if you don't think its fair you should go stick your money in a post office savings account and stop your whining
I say well played AA ... a £70 million pay day for him and a nice and easy 3 and a bit month 2 VERY LARGE bags cashed up for me and onto the next one :-)
Well, yes he did well, and all things being equal do did I. I was 100% in, and was up to the eyeballs and beyond. However, I wanted to see where this could actually go, and feel a bit cheated...the story had further to go. This is oil though...never been fair.
TSC,
"He gave the company away for nearly zet ZERO.." Except he bags +£70,000,000 personal fortune and go's on to 'aid' in running Viaro Energy / RRE with no doubt an eye watering package. "Accordingly, it is Viaro Energy's intention that executive management will be retained with the exception of the Executive Chairman, who will resign from this position on or around the Effective Date but be retained as a special advisor to the Viaro Energy Board..."
aimo
Started: theshipscook1, 13 Jul 2020 13:24
Last post: MTSparky, 14 Jul 2020 14:49
Not received any paperwork through the post yet. Should be posted out this week. We will get confirmed dates and we can then decide whether to chance the vote or not. They still need about 4.7m votes. A £350m offer would still be a good deal for someone. Give it until the end of next week maybe.
Yep maverick......
4.sqz comes in with a cheeky 1% bid over the current one
As I see it, 3 ways this could go:
1. Buy out voted through at £18.50
2. Buy out falls through and shares go back down to £11
3. Rival bid comes in higher
Have I missed anything else
A lot of PIs are multi millionaires If they use GS for trading
Or a lot pi s hold there shares with Goldman Sachs and since a few have sold they are required to fill out an 8.3 form....a lot are shares are help with big firms like Barclays investments etc..I trade through ig but they use other firms to hold customers shares as they required to by the fca.
https://www.ig.com/uk/help-and-support/accounts-and-statements/client-funds/what-does-ig-do-with-my-money-and-my-assets
Started: theshipscook1, 13 Jul 2020 09:16
Last post: MTSparky, 13 Jul 2020 09:40
They only have 39%. Still need another 36% to vote in favour of £18.50 and reach the 75% required.
2% more on board
Started: NewKOTB, 10 Jul 2020 14:43
Last post: MTSparky, 12 Jul 2020 17:19
I guess any new buyer would need to convince at least 26% to vote against the £18.50 offer from Viaro.
It appears that Viaro have made RRE t/o as watertight as possible ( highlighted by massive CFD taken out since announcement ). Now why would that be .... For me, it's because RRE will form the building block for further acquisition activity. Viaro NEED RRE and their cash pile for their next step into UKCS. With Arab backing we could easily be looking at the beginning of another major force in UK O&G sector.
subject to the terms of this letter, I will not be able to withdraw from the commitment
and my obligation in this letter, nor will I be able to deal in any of the Shares, or accept
any other offer for the Shares;
On the Viaro website ...
https://viaro.co.uk/documents/