ROS .. the gamblers anonymous thread !!!

The Telegraph....Monday dec 27th, Ramco Energy, the less said about Ramco the better, Ramco apparantly owned a fantastic little gas field off the south coast od Ireleand. Resereves were estimated at 20 years. £10m had been invested in the project and a supply deal with Innogy.The stock was a straight play on a rising gas price. All Ramco needed was to extract it. Unfortunately the geology of the field turned out to be more complex than thought and production collapsed. Tipped at 362.5p, the shares finished at 23.5p. But what might have been?. Spot price for gas did rise. Under broker`s Cannacord`s model, Ramco would have been vakued at well above 500p.Instead, the gas is stuck under the Irish sea and shareholders are 94% worse off..............they give a sketch of the six shares for 2004...and Ramco is depicted as a the last horse in a race that`s thrown it`s rider....with the added comment that `having advised to `buy` earlier on in the year at 362.5p...now advise to cut your losses and sell at 23.5p