Have RMP missed their opportunity in the current "risk on" market. Cash in bank and rising oil price, many shares gone up - multi bagged while this has remained stagnant, without stating the obvious Bandy needs to strike whilst the markets hot
They have taken all this time to to try and find a new asset they must be very thorough in there search lets hope its going to be a fantastc asset when it comes..thats if Gb is actually looking and not on the golf course
And thank you for your email. Red Emperor and the directors have been particularly active over the past few months assessing, conducting due diligence and negotiating on a number of opportunities, both at asset and corporate levels.
We were particularly close on one particular transaction about 6 weeks ago that did not complete, despite every indication that it would. The directors were very excited about that deal and we haven’t given up on it completely, but at the same time we have moved on to other prospective transactions. We are in current talks with at least 2 other parties about other deals and we are very confident of completing on something in the not too distant future. We appreciate your patience and look forward to advising you and the market on the next phase of the future of the company very soon. Regards Greg Bandy Managing Director
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