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Red Emperor Share Chat (RMP)



Share Price: 3.55Bid: 3.50Ask: 3.60Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.10Spread as %: 2.86%Open: 3.65High: 3.65Low: 3.55Yesterday’s Close: 3.55



Share Discussion for Red Emperor (RMP)


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cookiecrew
Posts: 4,631
Off Topic
Opinion:Strong Buy
Price:3.43
View Thread (3)
RE: tip top
3 Jun '14
Think that will happen pretty soon as they have just set up a oil protection force for explorers in samaliland and extended licences for two years for Sterling Energy Resources
 
TIPTOP
Posts: 3,273
Answer
Opinion:Strong Buy
Price:3.43
View Thread (3)
RE: tip top
3 Jun '14
Im sure they will want to get the wheels in motion ASAP, including Gaas. However, the key will be if they can reach an agreement with Somlialand over the disputed territories as they contain drill ready prospects. Otherwise Seismics and ground work will delay proceedings. It would be great to see them on the ground and according to the last statements that should be happening anytime now.
oilriches
Posts: 3,993
Off Topic
Opinion:No Opinion
Price:3.43
View Thread (3)
tip top
3 Jun '14
Maybe not but he does not appear interested in us investors via contact or comms. i wonder if they will drill before Oct 2015?
TIPTOP
Posts: 3,273
Answer
Opinion:Strong Buy
Price:3.43
oilriches
3 Jun '14
I don't think Greg has done a bad job with RMP. This was supposed to be more of an investment vehicle than a fully blown operator. This allows for much lower management, employment and drilling costs. However, that brings the downside that you're at the mercy of the operator on which your piggy backing. Greg has invested in some great assets at very cheap prices. He also managed to raise funds at a much higher SP than today which enabled him to squirrel away a pot for cash burn. We therefore have a very low amount of shares in issue and a very low market cap, yet still have monies in the bank. The two assets we have, were supposed to be well balanced, with the blue sky risk/return of Puntland compared to the relative safety and early production of Georgia. As we know, our wells did not go to plan!!! I assure you we would have a very different SP if Puntland and Georgia had struck oil.
So even though we've have had a long wait, the value of our company has been ring fenced and eventually the value will out.
Just my thoughts on the issue but Im glad to see the SP moving in the right direction :-) MORE TO COME.....
Peakview
Posts: 462
Off Topic
Opinion:Strong Buy
Price:3.43
orchy
3 Jun '14
Only bought in here yesterday, so just learning the ropes with this one. But what you say orchy is spot on. Same story with another junior gold miner that I am in - no bleedin information from the company just when you need it. This conspiracy of silence is useless in a media crazy world like ours. If there is no hard news, just issue something positive about an asset or a trend. If you are PR trained, it is not rocket science!
oilriches
Posts: 3,993
Off Topic
Opinion:No Opinion
Price:3.43
farmout
3 Jun '14
Good spot duckles we may see action in both areas soon
Duckles
Posts: 142
Off Topic
Opinion:No Opinion
Price:3.43
Farm out
3 Jun '14
Check out post on iii regarding puntland farm out.
Duckles
Posts: 142
Off Topic
Opinion:No Opinion
Price:3.43
Orchy / oil
3 Jun '14
If I had elaborated a bit more I probably would have said the same thing orchy. We just need some damn news.
oilriches
Posts: 3,993
Off Topic
Opinion:No Opinion
Price:3.43
duckles
3 Jun '14
Hi. i actually sold 200k shares at the end to do some work around the house. my holding is now 3.8 million shares. don't intend selling any more until 10p. whatever any1 says i find Greg bandy to be out of his depth with rmp
Orchy
Posts: 3,426
Off Topic
Opinion:No Opinion
Price:3.43
what we need
3 Jun '14
is news because for most 1p up or down is irrelevant when you need 10/20/30 lol

what RMP need to do is report to the market progress or some activity on one of their assets but as we are not the operator we can but simply wait be patient and hope that behind the scenes things are happening,

GL



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