UK 14:57 Monday, 26 October 2026
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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.
Rose Petroleum (ROSE) must by now be pretty close to running out of money and as such the only two questions are: when does it plan a deeply discounted placing and can it get one away at all? Either way it looks grim for its long suffering shareholders.
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Comments
Striebs
Rose is uninvestible with Matt Idiens at the helm .
The fact that he is still there shows that it is just a lifestyle company .
They need to get wrid of the bankster chancers on the board and bring in some talent and integrity . Feel sorry for the staff .
wildrides
I remember reading in Dec 2015 they were in cash conservation mode and had enough cash to get through extended permiting . Must be low calorie spread in the board room sarnies . What they need is a good dog that likes eating oil production calculations .