van
the bollox has been perpertraded by skirbell again
Fact: cummings will be paid by ros as a non exec director approx 25k p/a
R and B will concentrate 100% on Ramco energy and have nothingto do with services whatsoever.
We are now debt free apart from the 7h sub(which is now the banks problem) and approx 50% of the schlumberger payment approx 600k which will probably paid in shares in 06
The p.e of services sale is about average an example looking at htg and what they paid for a similar services company
some undesirables have tried to trash and scare small p.i's out of their holdings after the announcement in particular skirbell who claims to know much about the industry but has time and time again made false assertions,fcuk he doesnt even know that 7heads gas is still being hedged and he has the gall to quote spot prices and comment on 7heads revenues when he hasnt a fcuking clue what he is on about( i am seriously re-considering what this boys motives are in a closely held illiquid stock like ros)
Try and put a price on the free carries we have in eire and monte and 3d in bulgaria and compare m/caps with pci,cop as examples.Debt free ros will now be re-rated to at least 20 mill just on the potential and dont let any bollox convince you otherwise.A good result at Donegal will give multiples of today's m/cap.
Hopefully seeing the likes of Gartmore picking up 3+% will re-invigorate the faithfull
The boys are free now to re-capture and enhance shareholder value from valuable exploration assets with their vast experience and honesty
It will be nice to see knowledgeable posters back on this thread in 06 when you will have a £ in front of the shareprice
Remember also that Ros management have shown they are honest and loyal to their shareholders
h7