lastly ... The company has an income stream from its metal assets in Mexico and to quote the company website"The Company has producing gold and silver assets; namely a floatation mill, and a cyanide leach plant in Mexico which generates free cash flow to assist in financing the company's oil and gas exploration programme. The mill has the potential for additional capacity for feed from other projects and enables the Company to seek further sources of cash flow in the region." These are reasons I will be topping up first thing tomorrow. We may drop back a bit at 10ish but then I believe we will continue North.. GL with your hard earned cash !!
If you are worried about significant capital expenditure and ( as many AIM companies do ) death by share dilution ( see RRL) then this quote from the CEO on the front page of the company website may help. If you can take him at his word!" Rose is actively exploring passive Joint Venture development and divestiture of its legacy VANE Minerals mining assets to maximise shareholder value with little to no capital expenditure. "
Its no where near the high point ...but that's a matter of opinion. with the wider audience from this weekend I can see this gaining momentum all week. Lets see tomorrow albeit a bumpy ride till then . I can see it going past 5p but settling there until further updates...
Market cap is 17 million GBP ( approx. 800 million shares at 2.1p
That's the link I was looking at sharky007 ..thanks
sharky how do you get link to work ..please?
I cant get the link to work so I must try harder as must you voger for your misinformation. Mathew Idiens CEO 16.8 million,Philip Jeffcock Dir 18 million and Sir Richard Needham 2.4 million... Lets not distort the facts that are out there...
If as they estimate the cost of drilling is as low as 17 dollar a barrel and the "conservative " reserves are as they say . Then I think I will let the numbers do the talking. The company doesn't have massive debts (unlike many other AIM shares) appears to be carefully managed and has experienced BOD who have proven up reserves and sold on before. This is a great share to be in at such a low MCAP ... I can only see the trend being up. Few bumps on the way, but holding will reap the most rewards . IMO. Good luck whatever your strategy is. We are all here to make money.
lets see what tonight brings on ASX. Looks like the quiet before the storm. I will be topping up end of this week though.