Member Info for GeneralLevy

From my experience of trading it's inherently 50/50 whether you pull it off or get bitten on the a**e, investing is the better bet imo

GLA

Agreed, it’s still on a p/e of 1.5 lol

Since Friday, nice to be sitting over 2,000p though

I think that was a sell as I have a screenshot of a buy at 14:00

Couple of chunky sells cleared near the end, that may have been accion capital who tweeted that they had to offload their holding earlier today (only 18k shares held in total)

Don’t think that would apply to an A-trade, stay frosty though, soldier

FWIW, I don’t think we’ll ever see £30

After all, we never saw £10, £11...

GLA

Surprised they haven't come to the rescue tbh

GLA

$290.5m

I’d have thought it would be about April time?

Cash is king imo, always was, always is, always will be.

And there are no microcaps I’m aware of with more cash than RockRose.

+$281.5m on tap allowing a debt free acquisition of 20k to 30k boepd by my calcs (would probably come with a cash pile into the bargain), or use the $281.5m to facilitate a $1.2bln purchase, albeit with debt (60k to 80k boepd extra would be my guess for that scale of asset).

Either scenario would result in a rerate, as AA’s done the former before (ie without taking on debt)... it’s a matter of when not if, of degree not category. There is no better place for my money in my opinion, happy to sit here for 2020 and top slice if needs be as got to enjoy these gains at some point.

GLA

Cash is king, from many angles!

Here’s to hoping, that would make a few of us millionaires by my calculations (a pe of 5 would do that tbf) GLA

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Hot dang!

*Pro-rata of the current 1700p

$200m ebitda / 20k boepd x 25k boepd +$30m tariff = over 2,000p just on a pro-data next year (notwithstanding we should be at over 5,000p on a modest p/e)

I think when Rre hits 1800 it’s a good bet that the seller(s) has/have reached his/their new holding levels imo dyor bwtfdik gla

One things for certain: the U/T at 16:30 will be 1700p GLA

Relax guys, governments can’t achieve a great lot in Parliament, that’s how it works