Likely Share Price23 Feb 2018 12:44
ROSE has such a small MCAP for targeting so much oil and gas.
I am hoping for a small farm out of part of Paradox but keep the majority under ROSE's license. A dilution will mean a small drop but like MATD this will only be temporary.
Based on previous deals, a farm out under decent terms will result in 200% rise on day 1 followed by another 100% on day 2.
i.e.
Day 1- 3.50p x 200% = 10.50p
Day 2 10.50p x 100% = 21.00p
So I am expecting a share price of between 20p and 25p. Of course anything could happen. We will know soon enough as drilling in H2.
Good luck all and have a great weekend.