I'd say the best approach would be to take things off line. This would enable (a) confirmation as to level of shareholding and (b) agreement as to desired goals in approaching Bandy/requesting an EGM. Bandy should start to take matters seriously if he is approached on a professional basis by a group holding a decent chunk of shares. After all the threat of one of the three JV partners going native after a shareholder revolt is the last thing the JV would want at present.
Bandy only raised the funds as he thought he had an oil discovery on the first well to allow testing....he did nothing to protect any downside! We need a leader here to take shareholding numbers and approach bandy? Make no bones about it bandy won't respond so we then go to fox Davies and raise the aim rules to call an egm ....he won't get out of that!
As I've said in previous posts Bandy was a genius for making that small placement around the 36p mark which left RMP with 12 mill in the bank and a certainty (if such a thing exists) that there would not be a need for dillution for the foreseeable future so I'm happy with that. The fact that he has only ever copied the RNS releases and his constant silence to us investors is just not acceptable for a company "leader" and for that reason alone we need to hold meeting. He has taken a salary for pasting a couple of reports the share price continues to dwindle and it's time we were heard.
With rrl, in my opinion, the RIG setup forced the issue as 18-19% of shares were held by PIs and they could scrutinise the failings as a whole. Hence the formation of unions and the generalised success rates, or class actions on xyz. In range it has been simply transformational how good leadership changes the direction of the wind.
Was the last rns from rmp and that was a cut a paste of the 2d review on Georgia. we need to go back to Feb 2013 for the cbm agreement and that was a range rns. come on rmp holders we are being laughed at here. i don't see any effort from Greg bandy on any front here. we could be waiting another 5 years if bandy gets his way.
Red Emperor Resource Price Monitoring Extension RNS Number : 7861M Red Emperor Resources NL 18 July 2014
Price Monitoring Extension Today's closing auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's closing auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices
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