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RMP Share Chat - RSS Feed

Red Emperor Share Chat (RMP)



Share Price: 1.30Bid: 1.20Ask: 1.50Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.30Spread as %: 25.00%Open: 1.30High: 0.00Low: 0.00Yesterday’s Close: 1.30


Share Discussion for Red Emperor (RMP)


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oilriches
Posts: 4,572
Observation
Opinion:No Opinion
Price:2.63
View Thread (2)
sirbob
19 Sep '14
do you have a time period for a spread bet? what happens if the price falls do u lose all your money with spread betting?
 
SirBob
Posts: 1,256
Observation
Opinion:No Opinion
Price:2.63
jeffry/Oily
19 Sep '14
Cheers, gone in there at a conservative £350 per point, targeting £3500 profit, NIPT doing well for me and still time to get in MIRA (P/E around 4 currently so super low), £3k a point on RMP hence big decision for me if we get to 6p with Georgia as that translates to £9k profit...or do I hold for an acquisition and the big bucks that should follow on share price rise.....I might close half of it and leave £1500 a point.....more sensible
jeffry
Posts: 806
Off Topic
Opinion:No Opinion
Price:2.63
View Thread (2)
RE: jeffry
19 Sep '14
yes, we share many portfolio together huhu...
i made profit in SOLO and went to LEN.

CASH around USD 28m ie around GBP 17m and market cap now only 11m. so, effectively, cash around sp 6p and sp now only 4p.

you can hear CEO interview - targeting 15p+ alone by end of october (gas testing result overdue now, and also spudding Z8 well)
http://www.leyshonenergy.com/industry-news/stocktube-interview-paul-atherley/

if news first in RMP, will definately top up LEN. if news in LEN first, then will definately top up RMP. lets see which one first lol

per RNS today:
4. CASH AND BANK BALANCES
At the end of the reporting period, the cash and bank balances of the Group denominated in US Dollars ("USD") amounted to USD28,344,857. The rest of the amount which totals USD511,068 is denominated in Hong Kong Dollars and Renminbi.
oilriches
Posts: 4,572
Off Topic
Opinion:No Opinion
Price:2.63
sirbob
19 Sep '14
Its us dollars. len do have £15million in the bank at mo.
SirBob
Posts: 1,256
Off Topic
Opinion:No Opinion
Price:2.63
View Thread (2)
jeffry
19 Sep '14
Len - Did I read that right $24M in bank but a market cap of only £10M/16$?
oilriches
Posts: 4,572
Off Topic
Opinion:No Opinion
Price:2.63
Jeff
19 Sep '14
I agree horn know the farmout but need conformation on the existing agreements. Only problem is that we might be waiting 5 years for the next drill.
SirBob
Posts: 1,256
Observation
Opinion:No Opinion
Price:2.63
Various
19 Sep '14
Thanks Jeffry - i'll take a look - if I remember rightly your the chap who I share near identical portfolios with! lol....

Oil riches - same bloke who said we'd sold Georgia also claimed we were waiting for Georgia money to buy/farm in to UK asset.
IGIndex for spread betting Oily...a dangerous game that has taken me 7 years to become average at, but best of all is its TAX FREE on profits....

All - I will be absolutely amazed if Somalia deal comes off within 12 months..
jeffry
Posts: 806
Off Topic
Opinion:No Opinion
Price:2.63
View Thread (2)
RE: Jeff
19 Sep '14
true but i believe they already have farm out partner who will agree to sign agreement once the licence issue is confirmed by somalia federal.

thats to say, potentially HRN will farm down to say, BP, and BP will also pay much higher portion of cost for the well. so the farm out will be good not only to HRN who then doesnt need to raise money now, but also for RMP who will end up either paying lower cost for the first one week or even doesnt have to pay any cost.

HRN wont be able to raise money at their current sp imhp, too loo. so, farm out will get them the money
oilriches
Posts: 4,572
Off Topic
Opinion:No Opinion
Price:2.63
2.87
19 Sep '14
Paid on isdx
oilriches
Posts: 4,572
Off Topic
Opinion:No Opinion
Price:2.63
View Thread (2)
Jeff
19 Sep '14
I think horn need cash asap - shame our directors are not buying





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