Simple, we paid what they wanted for the 15% (they take less risk by farming down their exposure & get a portion of the drill paid for), we don't really bring anything other than the cash required to the table & thats good enough...OTTO are the lead experts on this one, thats not to take anything away from RMP's management team but quite often in big projects positions are farmed down to multiple & sometimes established players who have no role to play other than the investment they make to be a part of the drill.
As so many investors that have been locked in at 30 to 40 p are left now according to speculation with a strike could maybe break even. More positive comments although they are all that same information that has been around for a while. Our drill is one of few taking effect. It has been called a game changer and yet with all the percentages high in developing oil or gas. Interest is minimal. I believe many made money from the lows of 1. 2 to over 5. 5. Nice gains and Good luck. However I have a problem. How Red Emperor got involved with a project that didn't need to sell 15% to us.? What difference do we add to the value of the drill. Thanks
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