Member Info for danawinner

If you buy today you do not get the dividend
KEY TAKEAWAYS
Ex-dividend stocks are those which are trading without the value of the next dividend.
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value.
Investors who purchased the stock before the ex-dividend date are entitled to the next dividend payment; those who purchased the stock on the ex-dividend date or after are not. In the latter case, the previous seller is entitled to the dividend.

Thanks for your kind words duster, please for give my ignorance.
You say that they're back from a tec6th.
Please would you be kind enough to elucidate on what a tec6th is?

I wonder whether our hands are tied somewhat in terms of when results can be announced?
It is probable, that unless we just give an overall figure, that the Board will have to get approval from our JV partners to release a lot of the information, as it could be price sensitive for other companies?
I have to confess that I have not researched in detail as to how much of our production is on a joint basis, I have tried to read the 480 page readmission prospectus, but I have to confess that it is rather laborious. I pity those that had to write it, the amount of editing and cross-referencing must have been an absolute nightmare, no wonder that we were suspended for so long.
All I know is that we have lots of production and that the cash is accumulating on a daily basis.
Good enough for me.

at 1887.75p for me.
Last chance to buy at these levels imho.
Roll on Monday, I think that we will be receiving some pleasant news.
3 more sleeps.

I was expecting the update to be RNSd this morning, as we had it on the 2nd of January last year.
Not to worry, it gave me the chance to top up 500 shares at 1,865 which seems like good value to me.
The door is closing as we move towards the latest Year End Update, I am expecting to see a SP movement back over the £20 mark once revealed, it is only a matter of how much cash that we have in the bank.
The thing that confounds me with this share is that we are valued at cash, and the fact that it is rising on a daily basis seems to be disregarded by the market!
If anyone knows of any other shares where the earnings are worthless, please let me know!

Hmmm we all know that this is volatile, we will find out at 8 am just how volatile we are.
I cannot see the opening price being better than 60 pence, sadly.

4 metres of net pay is not what we were hoping for. At all.
Compare this with the Touchstone result of over 1,000 feet of oil bearing sand at Cascadura.
Disappointed. Big time.

Nice to see a 350,000 buy reported today.
I know for sure that it was a buy, as I reported that I could buy 100,000 at 21.8p that day.
A very astute purchase at a great price, well done!

Alfa we have known each other a long time and no need to ramp either share - we can leave others to do that for us. I genuinely believe that both shares will fly, which is why, like you, we are both in both! However, I genuinely don't know which will win the race for 2020, so let's take note of where both are on 31/12/19 versus 31/12/20 and see which has the best percentage gain? I think that it will be a close result.
Listening to the feedback, I am inclined to transfer more into RRE and I am grateful for everyone's views - thank you.
I am going to be conservative and say that both will double, and anything beyond that is a bonus. but I hope that I am totally undercooking it.

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?

Good to see that the SP closed in Toronto at 0.41 Can$
Exchange rate 1.71 to the pound.
Equivalent SP in UK is 24 pence, give or take.
Should give us a nice steady rise on Monday then.
8 percent per day for the next couple of weeks should keep us all happy for the time being.
Once the big news comes out about the flow rates that they have been pumping in testing Cashcowdura should see us really fly!

Although it's been fairly busy today, for the very first time I can get an immediate quote to sell 100,000 without being routed to dealers, at a price of 22.25p.
This tells me that there is a large limit buy order, or the MMs are trying to get stock to fill a purchase order or to replace stock that they have already sold at a higher price?
Either way it appears that there are some buyers in the market today.
Expect some late reporting.
Good news.

Photographer I think that you have got it exactly right, and I think that the Board is right in that they are releasing the good news in stages rather than all at once. A constant momentum of little bits of good news has a greater long-term impact on the SP, being on the risers board on a regular basis gets the attention that we need to stimulate volume.
As a seasonal good wish, here is a little clip on Wedding photography that you have probably seen, but it always makes me laugh.
https://www.youtube.com/watch?v=ENARMPuU758

It was always going to be a quiet day today, but I note that we are still lagging the Toronto share price that closed before Christmas at 0.40 CAD. The exchange rate is currently 1.71 to the CAD which would give us a UK price of 23,4 pence,
Add to that the gentle oil price rise and we should be nudging up towards 24 pence.
I can buy at 21.8 pence. Who knows though on a quiet day like today, maybe the TSX price will drift down towards the LSE price, but I somehow doubt it.
Time and the market will tell, but I think that we can anticipate a very healthy 2020.
All the best for next year.

We are nearly down to a Fibonacci resistance level, depending on where you plot your points, and some are predicting that we may drop as low as 18 pence but I think that it looks like we are now levelling off.
The main frustration for me here is the market valuation of the company.
It makes no sense at all for a company like Touchstone to have such a low value.
At the moment, it would seem that it is being seen as a short-term trading opportunity, and that we are now heading for a period of very little news coming through, and therefore little prospect of trading spikes.
The cash is therefore drifting away to shorter-term opportunities, and if the price remains flat, traders will be able to get back in at a similar level, before the next major drill, which appears to be 6 months or so away.
Yes, there will be some news, like the extent of the oil reserves that have been found, and the start of production for the gas, but unless a new Institutional Investor gets on board, not much is going to happen.
Maddening really.

Paul Baay will be really looking forward to getting the end of year Report and Accounts out - one of the few oily CEOs that will.
They are due out end of March, and I can see the net asset value per share absolutely romping up, gas reserves probably now evaluated with limited knowledge of the oil, which should be verified before end of March. My guess is that the NAV per share will treble, at the very least.

Now that the Toronto market has opened, we are still lacking direction.
I sold 50,000 at 23.25p at 8.25.09 and managed to buy them back at 20.49p at 14.23.29
I suppose this is a 'profit' of £1,380 but as the SP is still down at the same level, to me it represents a loss that I didn't suffer.
Toronto is flat, but I suspect that we may see some more big buys over there, but it's anybody's guess really.
What is massively frustrating is that other oilies with no production and vain hopes, big annual losses and only a faint hope of success are worth multiples of TXP in terms of market cap.
Fill yer boots.
GLA

Nice to see 5 X 100,000 buys from first thing now showing.
One of them was at 25.38p.
Short term ouch but this is a long-term winner.

I cannot work out why our SP is so low.
Compare us with Falcon Oil for example, with MCap of £115 million. They have no income, lose £2.39 million per annum, no proven reserves. We on the other hand have huge reserves, and more on the way, and about to have production of 3,00 barrels per day. Is the market missing something?

There seems to bee a very unusual pattern of trades over in Toronto.
It's trading within a very narrow range and a multiple series of 500 share sells. Then the occasional series of 1,000 share buys.
A bit weird and a little beyond me.
Any ideas?