Member Info for NewKOTB

What ever happens, next week will be a moment to remember imo

The investment case for RRE is beyond madness ...... in fact, it's 'one step beyond' and absolute 'embarrassment', but soon 'It must be love' we share.

atb

MTS, The right message from AA would stop or at least make the seller think !

Don't see an issue here ..... if low POO is a problem, shut down production on cash negative wells ..... we don't have debt to service so don't need to produce cash flow .... shut everything down for 4 months. Keep the £20/share in the bank.

In the meantime pull off a merger or bargain acquisition or two.

SP now sat circa 25% of cash in the bank ..... buy a £ for 25p .... 300% extra FREE .... Buy 1 get 3 FREE.

omg, my luck has finally changed. Just received a letter in this mornings post from a 'Ho Kwan' in China to say one of my relatives has died and left $11,000,000 unclaimed inheritance ....

Now how many RRE shares can I get for that .... !!!!

We need a strong statement next week from AA.

Particularly how the company is to manage its way through the low POO.

Clearly, just stating debt free and >£20.00/share in cash on the balance sheet will not cut it anymore.

"I wonder if that includes Saudi Aramco workers?..."

Probably not after their IPO for part share of Aramco .... :-(

FCA should go one step further and make them close all shorts ..... then will may get a natural balance to the markets once more.

Once the dust has settled, think you will find shorting will be permanently banned imo.

Too easy for spivs to destroy whole economies, lets alone companies atm.

Too many spivs shorting like lemmings .... nothing more has caused this crash imo

We need to ban shorting .... end of.

Lets see if the UK follows now. Starting with the FTSE

Well, you didn't think blue would last ..... what a f'in joke this share has become.

Don't spend too much ..... looking like we are going red ..... lol

Auction for second time this morning !

Found it ......

p105 and p106

"receipt of US$320m funds previously held as a receivable from a Marathon group company"

https://d1ssu070pg2v9i.cloudfront.net/pex/rockrose2019/2019/07/19124817/RockRose-Readmission-Prospectus-19-July-2019-clean.pdf

Edwina, I also would like to know how the cash is made up ! Anyone know how many shares are held in treasury ?

Where did the net cash £272.1m come from ?
What was the issue price of the shares in 19/7/19 and who took them up ?

Castaway, hope you can help.

Is all this virus a rouse to wipe-out national debt for every developed country. The massive flood of QE to hit each and every country to tackle this crisis will force their devaluation and hence, pay off their national debt. Economies reset, ready to go again, although that would present a problem for lenders too, unless you nationalized the banks !!!
aimo

Here's quote straight from that RNS in September:

" Total cash2 as at 31 August 2019: $367.9 million which includes $86.4 million of restricted cash" (Note in US $)

Then last weeks RNS also reaffirmed their cash position:

"At the end of February, Rockrose was debt-free with net cash of £272.1 million (equivalent to £20.75 per share) of which £39.5 million was restricted."

So, what are you saying ... the company are lying or falsifying accounts.... appears clear to me, so please correct me.

atb

Wowww, the speed the DOW is moving is unreal .... down almost 13% on close, within 90 seconds after close back up 400pts.

BoT trading at it's best !!!! wtf

Shut all world markets for 12 weeks, I say. Reset, then continue.

The real sh*t in the making is the DOW .... down 12% today so far, but only to 2017 levels, where as the FTSE is back to 2011.

The DOW's movement will always lead the world markets, but in this case, it's wrong to follow the DOW, the FTSE traders should grow a pair imo.

Think all capex should be stopped no new contracts issued unless it lowers our opex to cash positive operations ...... in the meantime we merge with a partner who's opex is sub £10 boe.
BP are working on POO of $20-$30 for the nest 12 months.

sasa,

You could be right, as the US has thrown the kitchen sink at the markets and still drops 10% something special is required. Not sure how long the destruction of equity can continue for, as confidence is ripping businesses apart atm. Gold is back to 2019 levels (pre Virus rout) so its almost as if the market knows the end is nearing.
Nice to hear your take.
atb