Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As we prepare for the London Stock Exchange peasants revolt tomorrow I consider more failings on the AIM Casino. In the podcast I also cover Rose Petroleum, JQW and Camkids ( both China Norfolks) and the latest farce at Horse Hill.
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Comments
wildrides
Rose always has been a traders share ………. highly volatile , with periods of inactivity . I would suggest the RNS says :- we cocked up the short term conventional well designed for a quick pay day to avoid needing a placing . We drilled through a fault and found only water . The fault made the hole useless for a future shale busting horizontal side track . We may need a placing ASAP as a result ……. expect shares to fall in meanwhile till we get our ship in order in that respect .
Next news will be full results of core sample drill ……….. May/June ………… if good data then :-
We are intending to drill six wells at the end of the year …… permits permiting . All quite till then on this front . Probably worth a punt in Autumn prior drilling dependent on oil price .
P/s any news on MIRA via your contacts? …… I am getting jumpy with their Radio silence on RNS.