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I have looked at your posting history. You need help.
Its Bandy we are talking about.
The guys is useless even his own family think he's a ******.
Lights off in 12 months
This RNS is very interesting , i really do believe he has had a look at some much better offerings in the market. I am completely fine with the decision if that is the case. This proposal was made well before all the COVID 19 stuff. As CEO i would expect him to get the best deal he can. With the funds RMP have he will have some good ones to review. I agree with the post made earlier , a distressed producing asset would be a game changer.
see you in two years!
Pilot Energy have propsed to issue 5,000.000 new shares to be placed with a Sophisticated Investor!! Notice raised on the 2nd June.
So it looks like Bandy has been stitched up as usual and has walked away.
Can't trust anyone in OIL
I have closed my entire position I suggest you do the same.
Those changes about Pilots strategy going forward came out a few weeks ago and we had no news of the permit till recently as i understand, so if RMP were put off by the changes why not turn their back on the deal then. Makes no sense to turn their back on the deal now especially now that the Permit has been approved. I think RMP are looking for a much better project due to many more better ones being available now due to those companies needing funding/partners. RMP has money in the bamk which means they have the upper hand. Either way i feel this will turn out very well for shareholders....it is a leap in faith, however the signs suggest something very positive for RMP and shareholders is due to happen very soon imo
There was already a deal with Pilot energy and they had the green light with the permit renewal being agreed, so why change tune and go for something else. RMP have money in the bank and are going shopping imo for a better project. There are many distressed projects at the moment and i think RMP know this and will capitalise on this. I can understand people being sceptical however seems something very good is happening in the background. Clearly people were waiting for the permit news, me included, however something bigger and better will come very soon imo. Further news could come any time, sooner rather than later imo
RMP has never achieved anything.
No one trusts Bandy...cash wont last forever particularly when he can spunk away 150k.
Heading towards all time low and last man out switch off the lights
1,000,000 buy this morning so someone is tucking a few away in the bottom drawer
For Bandy to turn down a deal is very unusual.
Most of the time he is hanging around the periphery of the oil and gas business picking up the scraps.
Also, he needs to get money into the business to pay his salary and would normally use this deal as an excuse
to raise money.
So, this is a first and somehow maybe he has been approached for a real deal?
But how long will we have to hang around!!!
Hasn't tumbled as much as I feared. It must have been priced in. Vicjain may be right. The market might be anticipating a better deal imminently. Fingers crossed!!
Guess it depends on how much longer you are prepared to have money tied up here in this dog, (on the assumption that Bandy just hasn't pulled yet another fast one to line his pockets), while there are other opportunities out there atm for your hard earned cash . Good luck guys.
Lights off for RMP soon
This is the thing, the permit was approved so RMP could have continued with their plan if they wished, however if RMP are willing to turn their back on the agreement now and accept the loss of their investment then clearly they are after bigger fish imo...i think with better projects out there, RMP can see an even better opportunity...i think they will come back with something even better now....just have to see what they come up with....has to be something better in the pipeline imo
I sold this morning - no mention in RNS of any other project in near future therefore the SP will tank. Good luck if you decide to hold - just had enough of Bandy can't trust him.
It would have cost them $500k to enter this project,,,, they must have thought with all the bargains around right now it was not value for money. All they paid was $150k. No harm done as long as they pull out a much better bargain..
To have paid to complete work program get approved then say no thx.
They must have their eye on something else, given the bargains out there right now.
He has obviously seen something else...we will soon find out
Bandy at his best.
**** show of a company
I hope you are right. Been here for too many years I like to remember and one project Alaska went ahead. Fed up waiting to be honest. But lose too much if I sell up now.
The permit renewal was accepted but RMP decided to not go ahead with the deal with Pilot energy. Have RMP got their eyes set on a better project? They are fully funded so i assume they see better value elsewhere. In the present climate it makes sense as there are many other players that may be struggling so seems that RMP is aiming higher. RMP will update us on the progress of other opportunities.
bit of a time waste!
Perth permit application was successful but RMP have decided not to proceed.
https://www.lse.co.uk/rns/RMP/update-re-perth-basin-exploration-permit-option-pqz43uvfxhz33rt.html
Maybe, but look at the historic movement of this share. There are barely 180m in circulation ( outside of top 20 holders).
It two bagged on just this news in December 19. A lot of aim shares are diluted to hell but this one has not and has good bank balance . The play also looks like a good one,,,,Love it or hate it, it does move. Not everyone’s cup of tea, but it is mine.