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Red Emperor Share Chat (RMP)



Share Price: 1.015Bid: 1.00Ask: 1.03Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.03Spread as %: 3.00%Open: 1.06High: 1.07Low: 1.03Yesterday’s Close: 1.015


Share Discussion for Red Emperor


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Lofty45
Posts: 1,161
Off Topic
Opinion:No Opinion
Price:1.075
Yesterdays sells.....
Fri 12:05
should have sent a message to somebody ... surely!
 
oilriches
Posts: 9,940
Off Topic
Opinion:No Opinion
Price:1.225
RE: Oilriches
9 Oct '17
Hi Mick. Block Via in Georgia was terminated in 2016 and neither range or Rmp declared this. In 2017 the Georgian government licensed the block to another party. I don't see a penny coming from it
Mickdee
Posts: 2,422
Off Topic
Opinion:No Opinion
Price:1.225
RE: Oilriches
9 Oct '17
Oilriches
Bandy is being less than honest with you shareholders (again)
I draw your attention to a Range RNS off 5th April which reads
"Georgia Update
Range notes an article published on 3 April 2017 by the Government of Georgia represented by the LEPL State Agency of Oil and Gas of the Ministry of Energy of Georgia ("the Agency"), announcing an open international tender on Block VIA in Georgia (the article can be accessed here: http://www.energy.gov.ge/projects/pdf/news/Tender Annousment 1673 eng.pdf) ("the Tender Announcement")."
The RNS also states as have further RRL reports that Range is contesting the Georgian Govts right to take back possession of the Block.
Now Bandy is obviously aware of this situation that currently RRL & RMP have no rights in Georgia so why would he expect RRL to give him any cash.
Georgia was an RRL/RMP questionable enterprise with Landau and Bandy. Landau being prosecuted in Australia and perhaps bandy won't be far behind!
oilriches
Posts: 9,940
Off Topic
Opinion:No Opinion
Price:1.225
Max capital
9 Oct '17
oilriches
Posts: 9,940
Off Topic
Opinion:No Opinion
Price:1.225
RE: Oilriches
9 Oct '17
Mickdee - I am doing off the following from a recent rns "Over the course of the past month, Red Emperor has been negotiating with Range Resources Limited to sell its 20% interest in Strait Oil & Gas for a nominal sum and a royalty. After a long and frustrating Joint Venture and uncertainty over the tenure of Blocks VIa and VIb, the company concluded that a divestment was both prudent and opportunistic. Full details of the proposed sale will be made available to shareholders in due course after formal documentation has been agreed and executed. The carrying value of this asset was written down to nil some time ago and the Company does not consider its shareholding to be of a core nature to its ongoing business activities or strategy"

I personally don't think Rmp will get a penny, even though range owed us a drill on block VIB
Lofty45
Posts: 1,161
Off Topic
Opinion:No Opinion
Price:1.12
assets!!!
9 Oct '17
Surely anything concerned with battery production/ energy storage would be worth considering. Come-on Bandy, try to at least make some pretence at being an entrepreneur!
Mickdee
Posts: 2,422
Off Topic
Opinion:No Opinion
Price:1.12
RE: Oilriches
9 Oct '17
Interested why you think Range should pay RMP anything for the loss of Georgia
oilriches
Posts: 9,940
Off Topic
Opinion:No Opinion
Price:1.12
RE: Oilriches
7 Oct '17
Views here? I still hold circa 16m shares and plan to hold. Why? Georgia is no longer in the PF and don't for one moment believe range are giving us anything for it. SC55 will likely be relinquished 24th of December with leaves RMP with circa £6.5m in the bank and no asset. I don't thing Greg is stupid enough not to have an asset before this date. Overall it's shocking how he drags every venture out for 2.5 years. I am not 100% sure which sector the deal will be in but likely natural resources sector. Either way any activity will mean sp increase. This will be the last asset I get involved with where Greg Bandy is involved.
SirBob
Posts: 1,432
Observation
Opinion:No Opinion
Price:1.12
Oilriches
6 Oct '17
What is it mate? You've just woken me from a two and a half year Bandy induced coma!!!
oilriches
Posts: 9,940
Off Topic
Opinion:No Opinion
Price:1.125
RE: RNS
1 Oct '17
GPRD - totally agree it's not how the shareholders want the company to be run. However you know if/when a new asset is announced the sp will go up many multiples. The company is cash rich and I expect a deal by year end. The gamble here is whether the company will transact or not




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