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Share Views Episode 9 - Early Stage Investment Opportunities


Red Emperor Share Chat (RMP)



Share Price: 1.195Bid: 1.00Ask: 1.39Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.39Spread as %: 39.00%Open: 1.195High: 1.195Low: 1.195Yesterday’s Close: 1.195


Share Discussion for Red Emperor


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oilriches
Posts: 9,502
Off Topic
Opinion:No Opinion
Price:1.0425
Volley
29 Nov '15
I could look at the options of an egm to get bandy out. I hold 2.9% and I am in touch with a bigger holder through their holding via Barclayshare. We are not far away from 10% if they have an appetite for chance.
 
volley
Posts: 2,326
Observation
Opinion:No Opinion
Price:1.0425
oilriches
29 Nov '15
Good luck. I didn't get a reply. I too am unhappy about apparently being misled by the company. It is poor shareholder relations.
oilriches
Posts: 9,502
Off Topic
Opinion:No Opinion
Price:1.0425
Volley
29 Nov '15
I am not bothered about Georgia but I don't like being mislead by the company. I will email him......cash is my main interest but if bandy is unable to manage his assets what chance do we have
volley
Posts: 2,326
Observation
Opinion:No Opinion
Price:1.0425
re Georgia
29 Nov '15
RMP were to earn a 20% working interest in Georgia IF we paid 40% of drilling two wells. I don't know if that happened. As far as I can tell so far, no drills were done and Range relinquished block VIb. Range still have rights to block VIa.

Range owned 45% of Strait and were iun dispute with the company over its failure to act on Georgia.

http://www.investegate.co.uk/range-resources-ltd--rrl-/rns/georgia-project-update/201504290815106590L/

I have no idea where that leaves RMP and am very unhappy that we have been told nothing other than this on October 21.

http://www.investegate.co.uk/red-emperor-resources-nl--rmp-/prn/quarterly-reports-for-the-period-end-30-septemb---/20151021125029PD5A0/

The above was announced approx three weeks before Strait wound up. Bandy has not fulfilled his promise to keep the market updated on developments. Surely the operator of Georgia going under requires the market to be told by RMP?

VERRRRRRY UNHAPPPPPY!!!
volley
Posts: 2,326
Observation
Opinion:No Opinion
Price:1.0425
Oilriches
29 Nov '15
Like I said earlier, it appears Strait Oil and Gas UK have been wound up.

https://www.endole.co.uk/company/05971677/strait-oil-gas-uk-ltd

I have emailed RMP to ask why has there not been an RNS to notify us of this and an explanation for what has happened to our Georgia asset which was supposed to be sold at the end of this year, according to Bandy a couple of months ago.

So you are not just interested in the cash in the bank now.
oilriches
Posts: 9,502
Off Topic
Opinion:No Opinion
Price:1.0425
Little
28 Nov '15
Correction in share price. Hope we get some good news soon.
Islandgirl
Posts: 1,573
Off Topic
Opinion:No Opinion
Price:1.0425
RE: Bolgas
27 Nov '15
How about Alaska?
Bckttsim
Posts: 1,683
Off Topic
Opinion:No Opinion
Price:1.00
RMP
27 Nov '15
£6mil in bank m/c seems to be £2 mil below
Should be 1.5p just for cash
oilriches
Posts: 9,502
Off Topic
Opinion:No Opinion
Price:0.9775
RE: Bolgas
27 Nov '15
Cash burn is circa £700k a year. we have a refund still to come. with interest on income we will burn about £500k a year. I have had a response from Otto and it sounds like sc55 will be going to another party to drill cinco. Must admit that bandy does not have a clue how to invest in in good quality producing assets.
TinManTom
Posts: 493
Off Topic
Opinion:No Opinion
Price:0.9775
RE: Bolgas
26 Nov '15
Do you not feel that approx £6M in the bank is also earning a nice amount ??? Quietly confident. DYOR.




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