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Winx is towards top of the 3D area. U008N005E Sec 21. 3D covers a sliver of Conoco acreage to north of Winx, but is mostly OSH / Repsol acreage to the East, West and South. 88e did 450 square miles 3D at their other acreage last year at a cost of about $6m so I doubt it is the JV paying for it. Someone is looking. For clarity, this application would have been in before Winx drill results were known, so make of that what you will.
Letter dated 15th March 2019
Nov 18, jog off Jof.
http://dog.dnr.alaska.gov/Documents/Maps/NorthSlope_NotificationLesseNov2018_Labeled.pdf
Could be a slow burn but somebody is 3D ing Winx. Courtesy of Brom on 88e board. http://dog.dnr.alaska.gov/Documents/Permitting/NorthSlope/OperationPlans/2019/20190315_SAE_Kuukpik_3D_Decision.pdf
well let's hope your summary is right.. I don't think you are by a long way.. You are basing that on best case marketcap,sadly the market doesn't work like that I can't see this getting anywhere near your valuation.. Sentiment is everything and without news anything near a penny is wishfully thinking and I can't see any updates of note for 2 months at least and then your looking at 40% dillution to fund.. I really can't make a case to buy right now but time will tell
I agree with you...I lost substantial monies last week, my own fault I knew it was a 50/50 gamble, but Bandy is the lowest of the low, scum of the earth director! The WINX project is dead and buried, as are RMP IMHO. Its crazy trying to trade this. 88e different kettle of fish as they have pipeline projects, but Bandy and his bunch of crocked bastards are just trying to fleece more shareholder out of hard earned monies. Trade it if you wish, just be careful as I can see more tears and losses on this in the near future. Placing at 0.25 is where I think this is going!
Think that’s a very good summary..
My opinion : oversold and will bounce to around 1.2-1.5p within a few weeks, in anticipation of the next quarterly report and update (thats if no new news comes out in the meantime, then its new news dependent).
- its over 90% down from last weeks 7.5p high.
- its had over 780m in volume traded in 2 weeks, its busiest two weeks ever.
- it raised £2.8m in January at 2.8p and had AUD $4.45m, so cash total of around £5m for the quarter.
- If you minus the "Estimated cash outflows for next quarter" listed in the quarterly cash report of AUD $4.764m this will leave RMP today with around £2.5m in the bank (plus or minus - as the wells being P&A its possible they have lower real expenditure then planned - not having to flow test etc etc).
So at 0.625p / £3.25m mcap, take the cash out and do you really think the remaining assets that RMP currently have (including its tax rebates / the carried losses on its books etc) are only worth £700k?
- Yes alot of people lost money hare but also alot of people have made alot of money here, it goes both ways, even the placing holder had a chance to double their money.
- Yes i agree it will probably need a placing for any other project and if they didnt raise capital they would be putting the company in a very tight cash situation. (i say probably because a carried farm in would be unlikely or take ages given the drill result)
PS: Not ramping just trying to take a logical view on it.
I've held this since Puntland sat around 17p so you can imagine how my £5k at 17p is looking now.. It isnt worth the dealing cost of selling but I wouldn't buy this right now..
Regardless of any news the company release right now, they won't be able to do anything without raising funds.. Right now oil exploration companies depending on there track record are having to offer 25% to 50% discount to sp to attract funding..So you can imagine which side of the percentage we will sit...
The only people buying this right now are short term traders and I can't even understand that TBH.. just because it's lost 90% doesn't make it a bargain.. Dillution and lots of it has to happen, Just like it has followed every other drill failure RMP has had.. now I know that's not what people want to hear and I'm gutted that loads are now joining me in the bottomdraw boat but anybody buying this right now for a long term investment is crackers IMO..
I dont mean to offend. Ive been looking at all the people saying bounce here share price must go up the bounce is on etc. This company has cost a lot of people a lot of money. But traders come on here with the bullshit ramps trying to get people to buy in and they are selling out. Though I agree 100% with your last post. Rmp track record is appalling. And nobody on here can say any different. Placing to get involved with any other project. Imo. Winx is dead and buried.
SB - hold on a minute - not telling anyone anybody to buy or sell here. Just sharing my thoughts. Please all dyor, neither listen to derampers or rampers on here..take it as it is a chat board only not investment advice...and make your own decisions...!
What is positive? Nothing. Yet
Once again it's very easy to say a bit of positive news but as of yet nobody is prepared to even guess at what that can be???
Anybody who knows the slightest bit about drilling for oil knows the positive news cant be about Winx because data takes weeks if not months to analyse..Thats fact and you are being unrealistic..As you are about Brandy deciding to buy right now..If he did decide to buy he would wait until the data was analysed and if there was a possibility of going again he would have to do a big discounted raise..Thats when he would buy..if at all
What positive? Wait few months
A bit of positive news from the BOD should see the sp move back up very quickly imo. Maybe a director buy or 2 would show confidence. Can't believe the BOD are happy with the way the sp has been trashed. I think the odds are more if favour of a move up now bearing in mind it has dropped by around 80% give or take
Still trying to sucker people in. Terrible. Been spouting the same rubbish for ages. You will carry on even longer now its dropped. Stop costing people money. You bought in and you have lost out. Leave people alone . You just want people to buy in so you can sell out. Breaking even is looking doubtful now isnt it latino.
What do you mean? For a start they’re analysing the data at Winx-1 and from this a forward plan depending on what they find..trader mentality want everything now now..it doesn’t work that way give them a little time to analyse the data..and it’s not just RMP..there is also 88e and so..
They can only put out a positive rns if they have anything materially positive to say..And right now I cant see what that could be but for the interests of debate what positive news could there be????
This board have always made there money from over inflated salary's not buying and selling the stock of the company they run..Thats the history of the company and thinking that wll change right now is whispy straws..
However if they did that would give confidence I agree,but I would be very very surprised..
Put it this way this is the lowest ever this sp has fallen...even when they had no money at all..
Agree this has been over sold nand the board will be worried and looking at the share price. i think this is as low as it will go but a positive bit of news from the board will help
Seriously...Take a look at our directors and board members ownership history..They haven't put any skin in the game on any of the other dusters and setbacks,so what makes you think they will now???
Agree battered and bashed to near 90% drop...looks way way oversold. Should see bod buying and TR1s in coming days..
The point remains...What rns can they put out ???
Would send this surging upwards. This fall has been way too much