Member Info for Watermelon_AIM

It all depends on what sort of financing deal they get for the drill. It's currently at all time lows so hoping downside is minimum and upside is huge. There are companies with much smaller drills that are valued at multiples to ROSE current mcap. They just need to sort financing and then sky is the limit. Ofcourse it's not without risk, but this is AIM and even producers carry risk. Excellent risk reward - 20/30% downside to 200/300% upside.

Okay all the best

Interestingly you haven't posted in the PREM SHG and MCLS bulletin boards - you seem to be fixated with ROSE only. Are you looking for an entry here?

Do you still hold stock here? Actually, do you hold any stocks?

Of course there is a risk of dilution but it is highly unlikely they will raise to fund drill because it is too much. If there is a raise it will be for working capital and after news on financing is complete (hopefully).

Last week you was telling us to buy PREM and now RMP which are both in my opinion a lot riskier than ROSE

My thoughts exactly. All the best, should do well from here.

I understand your frustration southcbubble - you've been posting negatively here for around 2 years - infact this is the only stock you comment on according to your post history - but I do hope you seriously consider averaging down here as the company is all set to go at the Paradox Basin. It would be a shame for you to miss out after giving so much energy here. All the best.

They never had plans to raise $8m for the drill. That is way too much for a company like ROSE. Their plan has always been to get a partner to farm in or debt financing. Will be interesting to see how it pans out. Idiens has been sounding very confident on recent interviews but I'd take that with a pinch of salt. Hopefully won't have much longer to wait.

COPL have legal issues, license issues and need huge funding for what will be a very high risk/reward drill in Nigeria.

ROSE are in the USA, have all licenses and permits, need around $8m for the drill and have a high Chance of Success.

People have been expecting a placing here for a while hence why it is at all time lows. If Idiens has half a brain he will first announce Farm Out deal/financing for drill then do a small raise for working capital. All in all, presents great risk/reward. There is risk but the reward is also great from a £2.2m market cap.

As confirmed via recent holdings RNS - they have sold all of their stake here. Onwards and upwards.

In an interview in January, Idiens did state end of Q1 for drill - let's see how this month goes.

Only time will tell :)

Southcbubble, maybe you should try shorting ROSE if you feel it's such a dead cert it's going down. Maybe you can recoup some of your losses from here by shorting. (That's of you're not already shorting ;)

10m delayed sell just popped up - CF are now out. Should move quickly from here.

Okay we will see who is right in a few weeks/months time. In the meantime I hope you manage to recoup losses from here. All the best fella.

South I agree that the company history hasn't been Rosey but all they need to do is get favourable financing terms for their drill which is the last hurdle for this to do multiples. This is AIM, majority of the stocks on here have a similar past to ROSE if not worse. I don't know why you are so shocked at this. At least with ROSE they are still trading and are at an inflection point and something to show for at least. At £2m this is seriously undervalued. If ROSE is so shit tell me some companies at £2m which have better potential?

Instead of being negative it would be probably be more wise for you and other long term disgruntled holders to give this stock one more chance by averaging down and recouping money you've lost. It would be a shame for the share price to rocket up without you guys not having averaged down.

All the best.

I first bought at just over 2p. Don't think anyone could have guessed what happened with City Financial - it has presented a buying opportunity for ROSE and several other stocks

Very likely the 10m have also been absorbed too. At £2m mcap what is a better risk reward play than ROSE atm? Huge potential here minimum downside at 1.5p.

Agree, however I'm not here as an investor. Just see a potential trade/spike .

I was going through the RNS history and since end of December 2016 shares in issues have gone from 91.5m to now 140.5m shares in March 2019. That is not actually that bad dilution in 27 months. It could have been a lot worse. They usually raise once a year here. But the share price has tanked over the years so understand the frustration. They need to get their finger out of their arse.