Yes i know nothing is certain in life but the next best thing is buying in here at these levels. We know we will drill again in puntland and we know something will happen in Georgia soon. worse case our bank balance will rise a few million £
Neither do I. Foot loads of these at a far higher price in an is a and sipp but added a few on Friday to get my averaged down. Got 100k went in for another 100k and order never got filled. Mm's must have hardly any. Will fly on rumour let alone news. I need 11p to break even but I'm holding for Punty drill.
Both assets will start to add value in the rmp share price. i don't know of any company on aim that is valued at £8 million and 6 of that is cash. with two other assets that have a free carry and drill ready prospects
I first got in here at 4p and clearly seen then that this will live to fight another day. i am about even on these and feel its still bargain basement prices. £6 million of cash that is lying in the bank for action in puntland, debt free, next to no overheads. Georgia has been confirmed to have 3p reserves which means gas is confirmed and the figure is possible. we have a free carry where drilling approval is due this month from the Georgia government, also a farmout or buyout is still in negotiation. puntland has the potential of 4billion barrels to rmp kh has confirmed they expect to return to activity in 6 months - horn will likely update the market on this in the next quarterly results
Not much downside with the level of cash in bank. With the new CEO of RRL talking about selling Georgia soon, we could get a cash windfall anytime. Then there is Puntland. These could double even prior to a Georgian asset sale, let alone plans to drill again in Puntland. Horn dropped back some but still up over 50% recently. Its all speculation but upside is potentially huge, limited downside under 10p. Monday opening will her interesting. Gla
I agree with Stew. There was a lot of euphoria behind this share in 2012 and it did almost hit 50p based on a rumoured positive drill, which turned out to be false. If there is a good strike then given the small float it could hit £1, and then subsequently retrace. Its all about getting into Nugaal and not having to dilute much more. Time will tell.
This is a fast moving share, I'm a trader, and remember this dropping from 14p to 3.2p. 25p in 2012, Now that's brilliant, but, I feel pie in the sky, ....do u have access to Greg Bandy or something lol how much do u know , actually, about Red Emperor ? :)
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