Member Info for Investor81

See 7 Jan trading update.

RockRose carries out an active hedging programme to ensure liquidity for planned capex. Currently it has hedged 455,000 bbl of oil at US$65.70/bbl for the first quarter of 2020. In addition, RockRose has hedged 1,800 Gwh of gas production for 2020 at a price of €18.05 per Mwh. This is equivalent to ~63 million therms at ~45p per therm using an exchange rate of €1.18 to £1.

Yes we do. Go look at the company accounts, presentations and AA interviews.

In the meantime the strong cash balance supports RRE from short term oil price depression and at the same time opens up opportunities to snap up acquisitions at bargain prices (and then profit in future when oil price recovers).

As RRE say themselves 'Designed to do business in the harsh environment of sub-$50 per barrel oil prices' and they have the firepower (cash at bank and available debt facility) to take advantage.

Doubt they will defer capex. The whole point of hedging was to cover capex costs.

http://news.sky.com/story/coronavirus-hotel-used-for-quarantine-collapses-in-china-trapping-70-11951798

Is this due to steel not being strong enough?

Agreed duster but at the same time if you can snap up these potentials on the cheap then result.

Can snap up IOG too given the share price fall there? ;)

Said I wouldn't top up but at these stupid prices too tempting. We have old hedged as mentioned yesterday.

Load of rubbish being thrown about. February has not finished yet!

Any drop will just mean rockrose can pounce on opportunities with the cash pile and available facilities.

Copies from twitter - '#RRE those hedges on oil and gas are looking an extremely good business by Andrew and his team. 35% of Q1 oil production hedged at $65.7 and 33% of gas hedged at 45p per therm for the entire year (double current price). #smartmove'

Like someone mentioned earlier gold price has gone up since Newmont purchased shares at 5.4p. So naturally the share price should have increased. Today shows when news lands this will fly. In the meantime remember since Newmont bought in they have invested funds in to Anza and there has been good news re Uruguay. Patience is key IMO.

Lol or it could be a sell which has been worked and now completed.

Interesting few week ahead in the short term.

Is it the highest price paid in last 12 months? If so what is this as we stand?

What is the minimum they would have to bid under takeover rules if they passed 30%?

Butd what are your thoughts on:

'Disclosure on behalf of accounts managed on a discretionary basis by Lombard Odier Investment Managers group'

Why do you think LO buying is encouraging? If they pass 30% what would they have to bid as a minimum?

Overnight rises reported by AsianMetals

FeV Rotterdam +0.99%
FeVPittsburgh +2.33%

Vanadium Pentoxide also up

http://www.asianmetal.com/VanadiumPrice/Vanadium.html

Fair enough Storey. But the way people are banging on about how GGP will be Newcrest saviour via Hav surely should have had a positive impact on them. After all they only need to spend less than 100m to unlock 70% of Hav for themselves? Anyway lets see which way this goes today. Have a great day all.

Newcrest share price down again. This would suggest the results and presentation have not gone down well with the market (at least in the short term).