GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
From Malcys blog today:
RockRose Energy
RRE has announced a tender offer to buy in 20% of the issued share capital at 560p which is a 20% premium to the 60 day VWAP. The management are absolutely clear that the shares are seriously undervalued and that by hopefully taking out as many sellers around these levels as they can they can achieve a re-rating of the stock.
This does indeed provide a very decent liquidity event for shareholders and it is worth looking at the process from two angles. For someone with say, for arguments sake, 3.1m shares to sell this year they would have had to start on May 23rd, do 50% of the daily volume every day for the five months and would have received an average price of 434p. (Also bearing in mind that companies can only deal in 25% of the VWAP) The other angle is that for the company, who’s last cargo of oil went out at $88, would only have to part with four months worth of cashflow above budget to come up with the £17m needed to buy the shares in.
This is the sign of an aggressive management team that has done deals in the last two years or so that have significantly increased the value of the company to a level that they believe is not appreciated in the market. They are saying that they will offer a liquidity event to those who may not be able to sell in large numbers and then see how the value settles. If it remains too low then this may prompt the directors to take further action, one could not rule out the company going private in a move to capture value…
#EVRH Soon to be giving away VR headsets for subscription model similar to mobile phone contracts. Read end of NME article I posted earlier.
#EVRH 1.3b shares in issue = 1,300,000,000
Old Mutual Short is 0.92% = 11,960,000
Todays Buy = 2,750,000 = £163k
To buyback 9,210,000 at today's price (6.5p) is £598,000 worth.
Possible huge uplift if Old Mutual are closing... eyes on!!!
Anyone know how to transfer shares from PrimaryBid to Hargreaves Lansdown? I'm going to take some!!!
Thanks for your input Bonker!!! Batten down the hatches and hold fast!!!
Over 6000 hours of VR concerts recorded. EU launch date late June. Patience people.....
I'm assuming Mcap of 280Mil and Earnings of 63Mil gives P/E of 4.44. Anyone know Codemasters current debt? Also what upcoming games are in the works? I know they have F1 and Dirt ip's.
Trying to find some financials on Codemasters, shares in issue, mcap, PE etc.. not having much luck at the moment.. Anyone found any good links?
https://www.roadtovr.com/oculus-go-launches-china-xiaomi-branding/ Oculus Go release in China, only a matter of time before MVR will also be available in China....
Nothing has changed. Everyone has done their research. Be patient.
MVR get about 20% of the cut.
I emailed Stefan today about the drop and he has replied, hopefully this will give some of us genuine investors some comfort over the weekend. Hi Paul, The below is my opinion only and should not be taken as advice of any kind. I’m limited as to what I can say but I can tell you I’m saddened and incredibly frustrated by the significant drop in our share price which I feel is totally unjustified from a value perspective. I don’t know of another company with our quality of assets and prospects which will have equivalent of 500+ bbls of low cost production valued as low as we are. I appreciate that short term oil price is very low but I don’t believe this will be the case for long and in my opinion is that this will bounce hard later this year. The lower we go the bigger the bounce. Nigeria can produce lower than most but the wider market can’t sustain oil production at current levels unless oil price is well above $35/bbl so short term oversupply will be taken out by falling production and then producing companies will reap the rewards. Andy and I have achieved all that we set out to do over the last 18 months and yet investors have been dumping stock at increasingly desperate levels. I can’t control what any shareholder does with shares that they own but I think this is being driven by fear and panic selling at a time where oil price has collapsed to unsustainably low short term levels and this has driven MXO to what I consider a stupid price. I can’t control the oil price or MX Oil’s short term share price but I can promise you that I’m doing everything possible to deliver success and my own personal belief is that the current share price is significantly below what we’re worth and I’m determined to prove it. I can’t comment on anything specific by email but we will be providing a formal update to the market on Monday. Regards, Stefan