Some positive news recently from RGM which seen a near 20% rise, long awaited as i'm down deep on these boys, more news coming in following months...... all good I hear you ask, all good![]()
I'm down big time on RGM averaging 8p...
![Eek! :eek: :eek:](/styles/default/xenforo/vbSmilies/Normal/eek.gif)
![Eek! :eek: :eek:](/styles/default/xenforo/vbSmilies/Normal/eek.gif)
Come on 300% rise!
Some positive news recently from RGM which seen a near 20% rise, long awaited as i'm down deep on these boys, more news coming in following months...... all good I hear you ask, all good![]()
Last week I bought another £400 worth in them, seems that that wasn't the worst time to buy if Friday's rocketing up of the share price is anything to go by.Some positive news recently from RGM which seen a near 20% rise, long awaited as i'm down deep on these boys, more news coming in following months...... all good I hear you ask, all good![]()
They have room to expand if they get the gambling licenses they are after
I'm down big time on RGM averaging 8p...
Come on 300% rise!
LOGP Dec 12th said:Providence announced today that the 48/24-10 well has reached section total depth (TD) of 4,038‟ true vertical depth subsea (TVDSS) with the key geological horizons having been encountered close to the pre-drill depth prognosis. Notable gas shows were encountered drilling through the PSE Seven Heads Limited operated gas reservoir, which overlies the Barryroe oil discovery. Following casing of this section, the well will be drilled ahead through the underlying primary and secondary Barryroe oil reservoir targets to a TD of 7,464‟ TVDSS.
GBP Cairn Energy Rolling Spread DIVIDEND RECEIVED
For anyone trying to fathom out what has happened to the shares today beware that the iii change statistic is wrong. With 33 shares originally at a close of 288.8 the total value was £95.304. Take away the cash payout (33 x 160 = £52.80) giving £42.504. This value is now split across the 13 shares you now have, giving an equivalent overnight price of 327p. So at the moment with the shares trading at 347 we are actually up 6.1% not the 20% iii indicates.
I've had a brief scan through XTR, didnt seem too encouraging at first
In their most recent report they state: "The Group is not currently generating revenue from its operations" despite operating in the North Sea, Morocco, Krygyz Republic and Australia.
They've had to scale back their shale operations in Australia so at first glance it doesn't look like that will be a company-maker.
This "Luna" prospect, from what I read in a few minutes, seems to be estimated at a 4.9% chance of finding oil and a 4.9% chance of finding gas which seems quite low.
Then they have quite a small amount of cash so given they aren't generating revenue they may well have to issue more shares. They already seem to have 1.5bn shares in issue which suggests they've done it before.
Didn't look amazing, they're very much a punt, but I guess that's why the share price is so low; if they do make some discoveries it could go much higher and 2p is a pretty low entry point! Like I said I only briefly scanned through it so if anyone has detailed analyses I'd be happy to hear them.