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STATEMENT RE: MEDIA SPECULATION
"Rolls-Royce notes the recent media speculation and, as we said at the half year results last month, we continue to review a range of funding options to further strengthen our balance sheet. These could include debt and equity but no final decisions have been taken."
Late update
https://www.londonstockexchange.com/news-article/RR./statement-re-media-speculation/14688618
Thanks slift I have researched Petra
Shame that BOD dropped the bomb on substantial dilution instead of announcing blue diamonds as a standalone update...
Would have been easy 100% or so spike from this low base
$800k/ct ???
Are you sure???
Last para of rns
"In addition, these finds, whilst a positive development, will not have a material impact on the likely terms of the required long term solution to improve the Group's capital structure, nor the significant level of equity dilution that existing shareholders are likely to experience in connection with its implementation."
Will not have a material impact...
Don't understand
Where did you get this figure from???
165million shares is worth ~£4.8million
$1 brent move is ~$5M extra profit for HUR
Ade said he will switch to long here above 3p
Give him the royal treatment
lonestag cheers for the link
So CA had 124.5million shares with 8.8p average at a cost of £10.956million
Last Friday they bought 40.77million shares at lets call it 3p at a cost of ~£1.2million
So total outlay of £12.15million and total holding of 165,273,096
So their average now works out ~7.35p
Pretty much the same average like KEROGEN
Glad you switched Ade wink wink
CA average for their buys in teens and higher could have been near 20p
Now they bot ~40m shares at £1-1.2M cost so their average is above 10p
Need to double check the figures and their tr1's
Assuming CA average is closer to 10p now
Kerogen breakeven is ~7p
New entrants have the opportunity to enter at under 3p
Awesome
Normally instis have a better entry than retail participants
Good Fortunes all
Lets hope everyone gets the rewards
Interesting to see CA are still supporting the company
Wasn't expecting that to be honest...
So they bought just over 40million shares or ~£1-1.2M worth
Good
Lets see Kerogen adding heavy as well and this **** 12months downtrend can reverse
Gud luk Ade
Hope you nail it
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Risked NAV 10p
Unrisked NAV 42p
Drop done
Bounce tomorrow
Will be wild
Yep
Makes me wonder what %'age production is coming from the basement and what %'age from the sands.
She said it clearly that well 6 is producing from other reservoir as well