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So back to where they were, this time in the south of the country.
Market reaction on cool, I guess people want a signed deal before they get excited again this time.
Ffool me once, shame on you, fool me twice? Type of scenario
The market cap is way too high for a shell, so who can blame them?
Many matching trades suggest stock movements rather than buys and sells.
The 2 x 3 million trades yesterday were a buy rollover.
"As usual we are dealing with people of limited intellect who know nothing"
wow what a piece of work you are...
As you clearly consider yourself to be someone woth superior intellect, perhaps you could inform us who has made the most money during the 20 or so years of Red Rock's existense, and from where did that money originate?
Those aren't "interviews", they are paid for promotional campaigns wrapped up as an interview for the gerbils.
Did anyone ever hear a negative interview from TMS?
And if not, why not? They have "interviewed" a lot of failing AIM companies over the years.
Becasue I'm fascinated at why people are investing here (I use the word loosely) when there are no assets and a market cap of £4.7 million.
What value do you see in this company for such a valuation?
Easy to agree with those sentiments, was there ever a confirmation from the governement of Sudan that Wildcat were engaged with them discussing oil fields?
I wonder how much a box room in Juba costs to rent per month?
Quite why people are holding onto their shares in this shell of a company at a market cap of £4.7 million is beyond me.
How much longer can this farce continue?
Which sends the wrong message!
RNS is the only news you should be looking at, "catflaps" and tweets are for retail newbie punters only.
Stll there's the Wildcat field to talk about, they may not have permission to extract the oil, but thay can talk about their name being on a patch of desert somewhere in the Sudan war zone.
So it's not all bad.....
Hi,
It''s a ROLLOVER, not 2 buys.
It was a sell followed by a buy, a few seconds apart at a cost of £135 plus dealing costs.
Why should he blame himself if the chairman led him to believe that Wildcat had a strong likelihood of a project there?
And if Sudan is the war torn hell hole that you describe (and I agree it probably is), why on earth was the chairman telling people that Wildcat could do business there?
People's investment decisions come from news released by the company, so if that is, shall we say, optimistic, then it's clearly not the investors's fault if it turns out badly.
Sensible position sizing prevents a financial disaster of course, so I hope he used that at least.
Those people enticed into "investing" in this pipe dream at a market cap of £6-7 million will now be licking their wounds.
Sadly sometimes a lesson has to be learned in order to become a better investor.
It's still way overvalued of course, but just a lot less overvalued than it was.
It's unbelievable that were not held to account for that IMO.
Where is the lithium now and has it been paid for?
Have the company made an announcement?
It's the most overpriced company I can think of.
They have nothing in the way of assets, and are in a civil war zone, what's not to like??
Hardy any trades, even a few sells would cause the price to tank in my opinion.
Confirmation the minister has signed?
Or are you just spoofing?
Why are you worried about intraday price changes?
If you'reconfident the deal will be done, just sit and wait, value comes out in the end.
RATR,
"Aiminvestor, that wasn’t aimed at you. It was in response to Turthfactory."
Ok thanks for clarifying.
Quite a patronising post there, and you know nothing about what other people have researched or not.
I prefer to use offical company announcements for my research, rather than social media interviews, which are mainly paid for puff pieces, and never challenging to the company that paid for the interview, because they wouldn't pay for something negative.
So if you do your "research" by listening to Vox Markets, Total Media Solutions, Tom Winnifrith, Zak Mir, Align Et al, good luck to you, because you may well need it!!!
This is currently a cash shell with a market cap of £5 million and you see it as low risk?
Tell that to people in a city pub and then see who's laughing!!
Thanks but surely that should be in an RNS announcement by the company as it's material?
Non Twitter using shareholders wouldn't be aware of it. Twitter is not the place for that sort of announcement IMO, unless it's to link to an RNS.
"one of the most recent updates was the service contract has been offered to WCAT for the Bamboo Oil Field by the Minister"
This is great news, when did the company announce this please?
You're right, it was MORE than 50%.
Low of .19 on FRiday to a high of .31 today at the highest price paid this morning before the pullback.
That's because traders are disciplined, as soon as they reach their target they sell and look for the next trade.
+50% in a day and a bit is good going by anyone's standards.