It is simple. This has massive potential but.....
AIM is news driven. Drill results many months away. PI's selling and will return later on in the year.
I sold half today my holding here and invested it elsewhere where there was an unnoticed stonking RNS.
GLA
RE: RE. Rose Petroleum on Proactive29 Jan 2018 19:59
Boroboy.
There is more oil than they are letting on.
Very difficult to predict share price until funding sorted but could be 30p plus on first spud. Once finance and funding sorted the share price will gain momentum. I will try and do some calcs soon
RE: RE. Rose Petroleum on Proactive29 Jan 2018 17:02
Great news today.
This will be a major oilfield. Escaped attention today as not on leaderboard of gains and investors deterred by financing.
These will be big drills targeting multi million barrels. I have no doubt that financing will be sorted quickly with minimal negative impact on share price.
Looking very good for 2018. I added another 250k today by selling other shares. I have no doubt that this will multibag pre spud even with a dilution.
My exit price was 25p but I will reassess this upwards after today's news.
Imo this has slipped through the net. ROSE has performed dreadfully and many have avoided this. But ROSE has a clear plan and so far it is going better than expected.
We are looking at a big onshore oilfield with multiple drill targets on US soil with a long license.
There is a very high COS and the drills are to be made using 3D's of the highest quality interpreted by 2 experts who found oil for Fidelity in the same basin.
They are looking for a jv but failing that they should raise easy enough without a big discount. The MCAP is so low that loading up now before the herd should make you a bag or two. This will be big but patience is needed for a little longer.
2018 should be very very good. GLA
Boroboy.
ROSE will have to issue shares and its MCAP is so low there will be a massive dilution.
They are looking to drill at least 5 wells and a jv partner won't pay for all of them.
Imo they will need to raise £10m even with a jv. This will give a MCAP of £14m based on current share price. 6 x this equals a MCAP of £90m which is reasonable for a drill of this magnitude.
Of course anything could happen but I am hoping for 25p to move on elsewhere.
I am certain the RNS will be released to coincide with the start of the conference for maximum impact.
I have ramped this share to death. Imo it should do well but the £1 party will never happen. 25p is more realistic and I will be more than happy to exit at that price.
Jim,
He's been buying tellies at Aldi. Lol
https://www.hotukdeals.com/deals/bauhn-40-1080p-smart-tv-19999-aldi-from-310316-2418676?page=2
southcbubble24th May 2016
Bought it, very good value for money. But sound is terrible, you will need to buy a soundbar. Picture quality is OK, nothing like a Panasonic or Toshiba or Samsung though, but for �199 and all its features and 3 year guarantee, its good.
If your very picky, this TV will not be for you. Does not seem to be selling quickly in the Aldi store I go to, has been on sale now for 3 weeks and more and still not sold out.
Cheers Freedom
Good luck. I am going into hibernation as well. Not much to say. We know news is going and it won't be long.
Hopefully will kick start this dog of a share.
Dummy,
Apart from the occasional Wonderer, I get the impression that we are the only ones left!
Everyone has else has deserted the ship on the brink of news. Starnge.
Thanks for confirming this. I have been so busy on many investments I did not realise most of the cash is in escrow.
Maybe a lot of other investors are not aware of this and hence panic selling!
Rose will consider all options. What I do not want is a jv on crap terms giving all the oil away for the price of a drill or two. Maybe a mixture of shares and jv is the best option.
Still we are due the 3D sesmic results first and if these are outstanding we will be in a much stronger negotiating position.
The oil price is holding up well which bodes in our favor. Less than two weeks to the conference. They will be very busy preparing presentations and the trade stand. They will let us know as soon as possible but may not want to spoil the surprise too soon. They will also be using the time to wisely check and recheck every small detail. ROSE has been dogged with problems in the past and they must get everything right this time and be able to demonstrate this to the market and potential investors.
Great sesimics may push up the share price a little but I think must prudent investors may hold back a little.
I am certain that the share price will be much higher on spud but how high is hard to say. The talk of �1 per share is fantasy but 25p is a reality with the right deal.
Good luck all.