Member Info for danawinner

Hopefully, it will go into the opening auction and I will pick up some cheap shares from those that don't understand share price valuation.
I think that any SP drop will be temporary and we will motor onwards and upwards, after all, there is no longer any threat of dilution!
I wonder if we'll also get an RNS confirming the value of the condensates?
Let's see where we are at the end of the week.
My view is that we'll be back North of 50 pence.
At least.

Coconochio, don't fret.
The AIM Rules prohibit making an announcement such as this during trading hours.
I believe that the Canada Market has been suspended until the end of trading today and that we will have an RNS at 7.00 am tomorrow confirming the details and that we will open between 50 pence and 55 pence, the closing price was an uncrossed trade, which is to be disregarded.
The MMs may try to grab shares from those that have got stop losses on their holdings, so get rid of those before the open tomorrow.
For me, it clarifies the route to market for our new oil finds, and ensures our forward growth.

We may very well get an RNS at 7.00 am confirming the details.
Signed Memoranda will already have been gathered from the placees, together with their cheques.
This is good news, we now have the funds to get on with it and accelerate the programme proving that we have a Monster. With talons on it.

Hi Highland Matt,
I realise that it is a minimum of $9CAD or £&mill, I was assuming that it will be oversubscribed and that it will be £9 million.
Normally, I would check the Memorandum and Articles to check the Power to Allot shares, but it is a Canadian Company and the By-Laws are silent on this, however they have stated that the issue is within their Authority.
My experience of doing fundings such as this is that Directors have the power to issue 10% extra shares without needing to go to the Shareholders, and usually in the AGM there is a resolution to waiver this restriction, allowing 15% or 20% new shares without an EGM.
I therefore took a conservative approach and assumed that it would be possible to issue 20 million shares., and that the price will be 45 pence, which is approximately 20% discount to today's closing price. The published U/T Uncrossing Trade is a complete red herring and should be ignored.

The book build is always a bit of a nervous time, but once again, this us usually done in the days before the announcement, and we can expect an RNS in the next day or two confirming that it complete. I have done a few of these, and you can assume that this is a done deal, save for the final numbers.

MCAP before dilution
55 pence X 161,000,000 = £88,550,000
post dilution
MCap = £88,550,000 plus funds raised
Let us say £9million raised at 45 pence = 20 million extra shares.
MCap post raise therefore £88.55m plus £9 million. = £97.5 million
Divided by 181 million shares new total shares
= 53.8 pence per share.
NEGLIGIBLE EFFECT ON SHARE PRICE
RELAX

This is nothing to worry about imho.
A placing with no warrants or add-ons solves the short-term development costs issue and gets some Institutions on board.
The book is not complete and the price has yet to be determined.
Advancing the development is all to the good.
We will soon regain any temporary drop.

with institutional investors in the United Kingdom at a minimum price of 38 pence per Placing Share (approximately C$0.66) (the "Placing Price").

I can get an instant quote to sell 100,000 at 49.36p.
They want our shares.
Unlucky, so do I.

I think that TXP has got the hang of the fact that the market likes regular bits of info to keep the interest and momentum going.

The next bit of news is likely to be the results of the testing of the condensates that we get along with the gas, which is likely to be far more valuable than crude due to its much lighter viscosity and specialist use potential,

We don't know the flow rate yet as it will be dependent on gas output, but it will be lots!

I dare say that it will drift down but who knows?

Now showing 84 cents, will it drag us upwards?

That's a 12.3% lift before they open.
It may go mental, but the Canadians are a pretty laid-back bunch.

at 85 cents, up 16% for openers.
I can see it going quickly to 90 cents which is 52 pence.
52 pence would be a nice closing figure today, up 11% on the day, nice solid gain.

Not quite all you need to know, but a good starter.... same as 50 pence SP.
https://www.youtube.com/watch?v=HPUBbCpSam0

£2 to £3

This will be Baron Oil
https://www.youtube.com/watch?v=HPUBbCpSam0

My post from the start of the year;-
RRE race against TXP28 Dec 2019 17:44
I am happy to be an investor in both RockRose and Touchstone, both have done well for me in 2019.
My dilemma is where to get the balance as at the moment I am 40 percent in RRE and 60 percent in Touchstone.
Short term I can see TXP moving ahead, but struggling to predict where they will be relative to each other by the end of 2020.
Any opinions?

Prices at start of year RRE 1870 TXP 22.25
Price now RRE 1830 TXP 46.75
RRE worth 97.8%
TXP worth 210%
https://www.youtube.com/watch?v=HPUBbCpSam0&t=1087s
TXP definitely edging ahead.

https://www.youtube.com/watch?v=HPUBbCpSam0&t=1087s

https://www.youtube.com/watch?v=HPUBbCpSam0&t=1087s

https://www.youtube.com/watch?v=HPUBbCpSam0&t=1087s