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Even if they do pick a new drill ready target that wont happen till next year
zzzzzzzzzzzzzzzzzzzzzzzzzz
Correct, but you can’t still without evaluation can you?
Funded to evaluate but NOT to drill
Rns extract “..RMP is financially well placed to proceed with its evaluation plans for the Western Blocks and continue its ongoing evaluation of other opportunities, with a current cash balance of approximately AUD $4.6 million (excluding the refund associated with the performance bond). The process for the refund of the performance bond (RMP share USD$1.05 million) has begun, now that all obligations associated with it have been met..”
Should be a good jump in sp today,
this move's fast with any buying pressure so who knows how high this could go.
Oversold massively. Gla
No funding required - read rns before posting. They have enough funds for next stage lol Oil is there and this is very encouraging, need to fjet the spot! This means that, whilst oil is present in the reservoir, there is less of it and it is not mobile. Further evaluation will be undertaken post drill to fully understand the implications of the petrophysical results.
So that equates to £3.25 million in cash, or 0.62p in the share price. So we are floating just above cash value now. It’s ok I guess, though we will need funding to drill next round.
Agreed all to play for now and the business is cash rich!
Well well...as I've been banging on about all last week.....all we want is some direction or confirmation on the way forward from here....are we done in Alaska or are we having another crack at it??? .PANR just proved the oil is there and it would be stupid to walk away when a review and refinement of the data could pinpoint a new optimised drilling site.
Let's hope so ;-)
And overdue a major bounce. This will hopefully close well above 1p today
Why it went up 27% on that crapy rns ??
Really does make a great read! Looking forward to tomorrow I’m buying more and holding now
Correction around $5.6M available. RNS confirms company has no funding issues and is well placed to press ahead with evaluations. Also, process of $1.05 refund has already begun with all obligations already met, so it shouldn’t take long before we have this..gla “..RMP is financially well placed to proceed with its evaluation plans for the Western Blocks and continue its ongoing evaluation of other opportunities, with a current cash balance of approximately AUD $4.6 million (excluding the refund associated with the performance bond). The process for the refund of the performance bond (RMP share USD$1.05 million) has begun, now that all obligations associated with it have been met.”
Sorry, jv partners are mentioned, my mistake.
Great news and reckon these will be heading back to 1.4p tomorrow - fair value
An easy mistake to make, but no mention of any of the jv partners, just rmp, think bandy is just putting something out to show shareholders he isnt squandering the money on the golf course, but even if they spend the money re-vamping the old 3d will still need to raise more money to do anything about it, and no guarantee the other jv partners will want another crack, they all have other irons in the fire so to speak, but rmp have nothing else, yet.
Yes - excellent news and some hugh correction in the morning..and shorters and derampers heading for the exit! Confirmed financially very healthy with around £5.5M and valuable data in hand... ‘Along with the joint venture partners, RMP is proceeding with its plan to further evaluate the Nanushuk potential of the Western Blocks by using the valuable data obtained while drilling Winx-1, as well as potentially reprocessing the existing 3D seismic data’
Browny. The £ should have been a $ I’m only saying what they are regarding the funding
Gazza dont get confused with aussie dollars,4.6 million aussie dollars and the bond which will take a very long time to be paid back,4.6 million aussie dollars is well under 3 million sterling, a lot less than the £5.5 you quoted.
Out in Oz Over £5.5 million in the bank for funding with the JV’s Should have a rise when the RNS lands here in the morning
Ann out from rmp, still flogging the winx horse, spending more money on it,
Sorry mufcm im not with you..what do you mean your case is being dealt with?
excellent....load up now with £100k and ten bag in 5yrs... ;-)
….I always wondered what I was doing wrong.
Anything you can share mufcm?