The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
That is one of the worst RNS I have ever read. The absence of detail shows an utter disregard for those who are invested in this company. This company needs to improve its ability to communicate pronto. This RNS can be summed up as, "maybe this will shut them up for a bit". While I acknowledge it is positive (for a change) it offers so little detail as to be meaningless.
"Following the announcement of two equity fundraisings totalling €650,000 in September 2016, we have adequate funding for current activities."
Looks like Ghana is a goer? "The Ghana's new NPP Government is reviewing historic Petroleum Agreements, with stated focus on early development. The Ghanaian Ministry of Energy and the Ghanaian National Petroleum Commission are actively considering the current re-application by Pan Andean Resources Ltd (30% Petrel, 60% Clontarf, 10% local interests) over a licence block in the prospective Tano Basin, West Africa. During 2017 Petrel has had constructive discussions with the Ghanaian Ministry of Energy, with a mutual desire to resolve all outstanding issues and complete the ratification process. Our strong preference is to honour as far as possible the terms of the existing signed Petroleum Agreement, adjusting the revised coordinates and any other fine-tuning necessary."
Peel added more. Interesting.
The market cap of this company is a complete joke.
Hopefully will see some UKOGers plough some of their profits in here shortly. Going right off there.
Totally oversold. Some people have no patience.
Excuse me?
Smashing anything we've seen in a long time? What's happening?
interesting rise today. Something brewing?
can someone explain to a novice at this stuff how this company and its assets can be sold off - and yet it's not those who apparently own the company, i.e. the shareholders who get a penny but the administrators? this just seems perverse. Please excuse my ignorance but can someone explain?
what the eff is going on today? can't seem to get a live price.
You have my sympathy r1ck5-focus - I'm about 20% down. Am just having a bad day all round today - share wise - and decided to take it out on RM2.
When is this effing company going to have the decency to SPEAK to the people who have invested in it with their hard earned money? Absolutely disgraceful communications. I hope you are reading this board.
http://www.lightreading.in/lightreadingindia/news-wire-feed/287624/anite-picked-td-lte-tests-program-china Now lets see this reflected in the share price!
what a difference a day makes
There's an awful lot of blue out there
Have we at last found the bottom on this one?
Has anyone tried to contact RM2? I emailed to express my disquiet about their poor communications efforts post AIM flotation. Was told they would 'update the market in due course' but nothing else. I think their silence is really not helping matters.
can I borrow your crystal ball please easy investor?