Member Info for MakeSomeMoney

@ Dillon-m1 - That sounds like a plan and it certainly has a better ring to it ;)

Added RR to my portfolio today. I was waiting on freeing up funds from elsewhere and didn't think I would be able to get RR for under £1.20! Some patience needed here but I expect current SP to be a distant memory by summer.

In since sub 100p. Been a great share...one of my best.. but I needed to take some money off the table and took the opportunity to sell here today. Great share and I will keep an eye on this to see if there are opportunities to get back in later...although I doubt I will be getting in lower as it looks to be going only one way. Well done to holders.

Well done those who held on. As I posted here last week I sold out and banked profit...I still think this is being pumped for a fund raise but good to see SP on rise and if a fund raise does come a 15-20% discount from say 55p doesn't look too bad given where we were a few weeks ago. GL all.

Agree. Timing of RNS was bad. Why could they not release before market opening? Were discusions still in progress... This close to the wire? Or did they know the ambiguity would tank the price so releasing late limited downside? The latter would make sense if they needed the weekend to finalise details of refinancing... If so maybe another rns on Monday morning?

Agree CEO appointment was a complete let down. This company needed someone with a technology background, someone who had a record of driving digital transformation in a similar company. All that time to find a CEO and they announced someone from Costcutter which probably had little to no digital presence. For me thats the bigger concern in the long run. I hope the board recognise this and can bring someone in to assist the CEO with executing the online strategy.

I would hope most of those retail investors you are alluding too are locking in profits which is never a bad thing. I banked my profit yesterday as the risk/reward didn't stack up for me at 50p in the short term. Given the vagueness of the RNS today I'm happy to continue to watch from the sidelines and if an opportunity presents itself to get back in I may buy back because this is a good company with real potential . but for now I am out.

The fact that the SP has held up so well today with the market heavily down and with no news on the liquidity adds weight to the argument that some sort of fund raise is on the cards...seems someone is supporting the SP at these levels for a reason.

Agree. Without an update before 8am this opens lower especially with general market being down today.

I hope you are right. This has been a massive disappointment for the past 12 months.

In since 34. Amazing recovery over the last few days but maybe a bit too quick for my liking. Either RI coming or something bigger afoot which could mean I miss out on more upside. Either way I am happy to bank my profits. Will keep an eye on this because it has a lot of potential to recover GL to all those remaining.

All views should be welcome on this board. It is good to see both sides...sure you could argue Paddy overdid it with his posts over last week or two but you have to balance that out in your own head as an investor. I am a holder but I appreciate Paddy's input here and he makes a good point about possible RI...hence why I have kept cash back for it should it come.

Looking good! Well done LTH for holding on. I held back on topping up in case of RI but enough in here at a good average so I am very happy to see the SP recover.

Solid update today. Setup for success in 2021. This will find a new range above 300p over coming weeks and months

Lsetown. I seem to remember Monte Grosso was not drilled because the operator of the field had no intention of drilling it yet so I don't think this has any impact on MG (could be wrong... Been a while) . I am more interested in what this means for OM. I worry that the Italian government will use this to throw out the claims for now but then OM is held up again further down the line.

Thanks Mogger. Interesting although my translation is not very good . Is this suggesting the Italian government would not renew the legislation therfore allowing RKH amongst others to continue development of fields/drills previously banned? If that was the case one would assume there is still compensation to be claimed for the delays and costs to abandon OM.

From a LTH - this will get pumped and dumped. No news on OM for quite a while yet and I don't see any other reason for an immediate rise. Yes poo is up but needs to be sustained for this to have a material impact on sentiment towards FI oil production . Be careful of the ramping.

Looks like ABC will block the deal. Short term this could tank the sp but could eventually force a higher take out price. This is going to get messy.
https://www.telegraph.co.uk/business/2020/11/28/aas-biggest-shareholder-sets-roadblock-buy-out-objection-derisory/amp/

No point selling now. 35p is the floor... Bid will be in tomorrow. Worst case you walk with circa 10% more than the current sp. Always chance of counter bid. Don't give up the shares having held on this long.

A nice £50k buy there. Confidence this SP has more to to go yet