RE: Debt challenging as oil crashes4 Apr 2025 14:29
Someone on advfn has just said its only hedged 25 days of full production. I have not done any research myself to validate this, but it would explain why we're at 22p.
Saying Roxi is too bullish, is like saying the sea is wet.
I'd say that is the best update for some time, but my prediction is all this data was known by the bigger boys and hence any rise will be minimal. It's just the way Aim works.
Either way, would explain why the price has been held. There are no declarable short positions, so I guess some orders have been filled and hopefully it can now rise a little to the 40p area.
Oh sweet Jesus. This 2p rise means I have to endure more Roxi commentary for the rest of the year... How many vanilla statements can you trot out before it gets boring?