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I said on here I had sold at 6.5, relieved i did now.
My sympathies for all still holding. Hopefully some recovery from here
Thanks
Bandy needs to update the market sharpish, putting his head in the sand is not an option
Is it me or does it look like a floor is being put in? I've had a dabble around here. Fancy a move back to 1p+
AUD9m as at Jan 22, 2019.
“Red Emperor also holds an equity interest of 37.5% of Block SC55, which is located in the southwest Palawan Basin. SC55 covers an area of 9,880km2 and was awarded to Otto Energy Investments Ltd (formerly NorAsian Energy Ltd) in 2005. It is a deep-water block in the middle of a proven regional oil and gas fairway that extends from the productive offshore Borneo region in the southwest to the offshore Philippine production assets northwest of Palawan.
Red Emperor participated in a USD 25m exploration well (Hawkeye-1) within the block in 2015 and contributed in excess of AUD 5m towards drilling costs. Over USD 50m has been spent exploring SC55 to date and a number of drill-ready targets remain, including the "Cinco" gas prospect which has a best estimate prospective resource of 1.6 trillion cubic feet ("tcf") recoverable gas.”
Some upside from here, I reckon. That, plus RMP finished at 1.2p on ASX.
Panic can provide some bargains, imho.
http://pumpedordumped.com/rampchecker/rampchecktopramper.php
mugs game eh?...unforts small PI's may lose their shirt on this one
learn and move on
All those A trades of 500K tells me there could be more to it than what we been told.
Last time it was bad news then good news.
Who knows which way it will go this time but any whiff of sidetrack comments or other +ve words it will go mental again.
Not saying BUY or SELL , your decision of course, its just an observation.
What’s the estimated cash here? Thanks
til it gets to 1.5p ??
I’m in.
I got out of 88E when DW changed rhetoric in icewine2, he went announcing flow back to flow test. This changed the dynamic for me and IMHO was misleading.
Now we were told that the upper formation was akin to Horseshoe. So I invested on the back of this data that must of be provided from core sampling. Roll to target depth and the first box is ticked and we move onto second box Wireline testing.
However, surely they knew pre wireline, from core samples at TD, that this wouldn’t flow due to the clay.
To me expressing cautious optimism was misleading. Even worse thought is that no core sampling was done at TD, which takes this into the relms of incompetency. AIMVHO
I do wish all of you here all the very best and good health for you and yours
Are Insiders Selling Red Emperor Resources NL (ASX:RMP) Stock?
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we’ll take a look at whether insiders have been buying or selling shares in Red Emperor Resources NL (ASX:RMP).
What Is Insider Selling?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, most countries require that the company discloses such transactions to the market.
Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.’
The Last 12 Months Of Insider Transactions At Red Emperor Resources
Corporate Advisor Anthony John King made the biggest insider sale in the last 12 months. That single transaction was for AU$1.4m worth of shares at a price of AU$0.087 each. That means that an insider was selling shares at around the current price of AU$0.08. They might be selling for a variety of reasons, but it’s hard to argue this is a bullish sign. We usually pause to reflect on the potential that a stock has a high valuation, if insiders have been selling at around the current price. Anthony John King was the only individual insider to sell shares in the last twelve months. Notably Anthony John King was also the biggest buyer, having purchased AU$289k worth of shares.
Anthony John King ditched 20.57m shares over the year. The average price per share was AU$0.081.
Peeps hoping for the bounce, dead cat me thinks!
JamesAtkins-if that was the case this would have moved back to 2p in quick time
sorry to all LTH.
I remember Somalia. We had oil - all went mad, then suddenly it was just water.
How can that happen??
It appears same has happened here.
The amount of big chunky buys does make you wonder if there is more to come.
Plug the mess and move on. Hope they’ve a backup plan.??
It's not a ducking oil leak, that's for sure.
Check up from the neck up required!
More nonsense.
Are you right in the head James?
If JamesAtkins writes it, you know it's misleading rubbish.
Don't they have around £4 - £5M in the bank?
£1M Rebate from Alaskan government for drilling in time?
Might be wrong ?
Can 88E go from an estimate using the data of 400 million barrels to nothing. that just doesn't make sense at all