Hello Astrognat, this is an interesting one! I will investigate this now and see if I can get it going
In my relatively little experience of the stock market (since 2008 crash) I have not seen a single placing where the placing price has been the actual price of the share on the announcement day.
The important thing to consider is the percentage discount. So in this case, its about a 25% discount which is not too surprising I guess. If they'd have gone in at a 50% discount I'd have been _more_ annoyed. Don't get me wrong, I'm annoyed about it, but equally, if an investor is taking 60 mill shares they are bound to want to , and be able to, haggle the price.
There's no right or wrong answer I beleive. It's just a case of making the best informed judgment with the info we have to hand and from experience 
Time will tell!!
The equity issue is a pain in the balls but I still have long term faith here... If the institutional investors are willingto pay 1p then so am I. But I am not happy at all with the way this issue was not conveyed in the conference call.
He should stop treating shareholders as kids and just tell it to us as it is rather than sugar coating the bad news. Shareholders would appreciate a bit of straight talking. We are all adults and we can take it!
If he'd have told us about the issue in the conf call then it wouldn;t have been a shock yesterday.
I think what shareholders here are really yearning for is a bit of honesty and transparency.
So we had a conference call yesterday which caused a momentary rise in share price which dwindled in the afternoon. We've had a mix bag of news and a shareprice which has done nobbut decline for 2 years. Shareholders are getting pretty fed up with this and there's a big variation in opinion. It's hard to sift out the wheat from the chaff.
Feel free to debate the share price (currently at 1.067p) of Red Rock here.
Anything around 10p and Ill be happy! But it's so hard to predict. Oilies can go from boom to slump in no time at all, look at RKH after their farm in with PMO!
Hi Utd0Leeds10 welcome to the forum and congrats for being the first to post in the shiney new forum here!
Lots of oilies have been hit this year. Im looking for an entry point a bit lower than this. If I miss it, my bad, but willing to risk it.
Good luck!