Sold out of this some time ago as SP been on a downtrend for years but bought back in this AM as results offer some hope - revenues, profit and dividend all up. Up from year low.
Great update - costs down, production up, cash generative. "the infill well we will shortly spud, the first at Stag in six years, will add material production and significantly reduce unit operating costs."
Maybe people watched the recent SP reaction to the Colter news and thought perhaps its not such a great drill result - little realising the muted SP reaction was due to CF relentless selling.
From rns: "The announcement by RockRose contains a number of statements which the Board finds misleading and with which the Board does not agree."
Maybe IOG directors need to be more specific in rebutting the detailed figures given in RRE's offer announcement. Too easy just to say 'we don't agree'.
Bought in this AM - been watching for a couple of days re the City F. problems. Hope they are now out and the SP can reflect upcoming news. (Copied & pasted this comment from RBD board where i have done the same)
In which other companies does City Financial have a significant holding? Will the administrator be dumping? Maybe short term SP weakness in anticipation of large sells