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Exclusive: Rose Petroleum looking to raise 3 million quid at 0.3p - the disaster story continues

By Tom Winnifrith | Thursday 14 May 2015


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.


Four bullish announcements since the start of March have not steadied the share price of Rose Petroleum(ROSE). The stock was at 4p less than nine months ago, well over 3 million quid was raised at 1.75p in December 2014 but desopite the PR puffery the shares are now just 0.6p to sell. But worse is to come for the company which is now valued (if not worth) 9.44 million pounds.

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