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Red Emperor Share Chat (RMP)



Share Price: 2.80Bid: 2.75Ask: 2.85Change: -0.10 (-3.45%)Faller - Red Emperor
Spread: 0.10Spread as %: 3.64%Open: 2.85High: 2.85Low: 2.75Yesterday’s Close: 2.90


Share Discussion for Red Emperor (RMP)


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cookiecrew
Posts: 4,936
Off Topic
Opinion:No Opinion
Price:3.80
View Thread (2)
RE: Pull back
6 Jun '14
Or it my start an upward trend
 
midastouch1
Posts: 324
Off Topic
Opinion:Strong Buy
Price:3.80
View Thread (2)
Pull back
6 Jun '14
Think it could possibly pull back a few % today

Think overall trend is starting to form and once news flow starts will fly
Stuiegee
Posts: 772
Off Topic
Opinion:No Opinion
Price:3.80
View Thread (2)
RE: mmmm
6 Jun '14
Pre-open auction and 3.4 to 4 atm
SMTMH
Posts: 2,183
Observation
Opinion:No Opinion
Price:3.80
View Thread (2)
mmmm
6 Jun '14
Asx low volume and only up 8%. Let's hope the interest and speculation continues :-)
jeffry
Posts: 179
Research
Opinion:Strong Buy
Price:3.80
RMP should be 20p by July 14
6 Jun '14
copied from iii

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

pre Puntland Jul 14 (RRL 5p, RMP 20p)

HRN has been in discussion with several oilers re potential puntland farm out for many months now (see my post previously). So, the latest HRN presentation just confirmed that. perhaps we should get confirmation of new additional partner very soon, could be weeks!!

also, I recalled, BP very interested in that area (
http://www.africareview.com/Business---Finance/Somalia-likely-to-have-large-oil-deposits/-/979184/2280734/-/18hfls/-/index.html
)

so, by end of June 2014, RMP could well be 20p just for the expectation on Puntland. see analysis here in WS:
===========================

worldstocks.co.uk/forum/viewtopic.php?f=3&t=10288

lets assume that HRN will start drilling in Puntland again in Jan 2015. Remember, they have to drill 2 wells before Oct 2015, so its possible they can drill much earlier (ie later this year). But for argument sake, assume they will start drilling in Jan 2015, ie around 7 mths from now.

Now, lets compare with the first drilling we did in 2012.
The first puntland was drilled 17th Jan 2012.
so, 7 mths prior to that would be around June 2011.

in 24 June 2011 (i chose this date as easy to check sp in google):

__________________RRL__________RMP
no of shares= __1706.9m_______189.7m
share price = ____15.5p________27.6p
market cap.= ___£264.6m_______£52.3m

so, now in June 2014, ie 7 mths from the expected puntland drilling, we should be around similar market cap as pre puntland drilling above.

ie by end of June 2014:

__________________RRL________RMP
market cap.= ___£264.6m_______£52.3m
no of shares= __5162.7m_______266.2m
sp SHOULD BE= ____5.1p________19.6p

so, just on puntland alone, for simplicity, RRL should be around 5p and RMP around 20p by end of June 2014. (ideally, will need to take account cash balance as well which for example RMP now has cash around 2.8p and any progress from Georgia will be an added bonus),

CALCULATION ON RRL no of shares (i hope i am correct here)
RRL no of shares:
pre 6th Jun 14= 4,450,368,534
around 6th jun will be trading first tranche of shares issued part of "12m financing", ie 356,188,780

second tranche to be issued will be around 356,188,780 as well.

so, RRL no of shares will be:
4,450,368,534 + 356,188,780 + 356,188,780 = 5,162,746,094

or, should i double counting the tranche issuance, then no of shares would be:
4,450,368,534 + 356,188,780 = 4,806,557,314

=========================

if any miscalculation from above, please make correction. approximation and only for guidance.

any comment??

dyor
jeffry
Posts: 179
Off Topic
Opinion:No Opinion
Price:3.80
View Thread (2)
RE: Horn
6 Jun '14
someone posted in iii that HRN in the process of fundraising. so thats why their sp down. it will be a good news if they are able to raise finance as they are the operator for puntland.
BillionaireBoys
Posts: 223
Off Topic
Opinion:No Opinion
Price:3.80
georgia
5 Jun '14
If this rise is to do with Georgia sale, and we get an RNS stating so tomorrow. we could easily see 10p
midastouch1
Posts: 324
Off Topic
Opinion:Strong Buy
Price:3.80
View Thread (2)
Horn
5 Jun '14
Getting squeezed again
Dreamboatwarrior
Posts: 3,366
Off Topic
Opinion:No Opinion
Price:3.80
Whooshka !
5 Jun '14
http://www.hornpetroleum.com/s/Presentation.asp

They'll have to start soon ......
hikeaholick
Posts: 136
Off Topic
Opinion:No Opinion
Price:3.80
100% rises
5 Jun '14
Duckles i remember that and that's what am waiting for



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