pay no heed to those last couple of posts, they are factually incorrect hence demonstrating that the poster doesn't know anything about RMP. Also note the classic "I'm not down" comment! On RMP to answer those inaccuracies just posted: They have a decent wedge of cash in the bank, FACT They are not a "one trick pony" as they have an interest in Georgia and Puntland, FACT They only have 265 million shares in issue, FACT RMP will have to issue more shares at some point (that's what the AIM is for really, in case anyone doesn't know), as I have stated many times before.
I'm invested in RRL also who currently have around 3.5 billion shares in issue with potentially 5 billion if the merger happens, that will be twenty times the shares in issue here or ten times if RMP do a raising (as I expect they will at some point) for 250 million additional shares.
Both have their issues but RMP has greater upside. If Georgia gains some traction this will lift a bit but if they get to confirmed drilling again in Puntland this will soar, as it did before.
I'm not actually down on RRL as I've just bought in again at a level I fully expect to be at or near bottom. I make no claims that RRL are perfect, it's run by a dodgy car dealing clown. But from these levels I'm expecting a good return in the very near future. More than this one trick pony who will have to issue more shares before they can progress.
Anyway, not saying any more on this share as I'm not invested and no intention of being...good luck to you, you'll need it ;)
Not my fault your down on Rrl. if u read u will note rmp have a better cash position than Rrl. not knocking rrl now but it stuck in a down trend. good assets in trinity, puntland georgia but 5 billion shares is stupid
Junior oil and gas firms are still in play as larger cash rich firms are looking for mergers and acquisitions, says Ernst & Young.Taking a steer from its Oil & Gas Eye index the consultancy firm expects a consolidation of AIM quoted juniors.According to Ernst & Young investor appetite has been dented by a weakening of oil prices and disappointing well results across the exploration sector.As a result, smaller oil companies are cheap compared with their bigger rivals and certainly by standards set in industry deals.
This paragraph was particularly interesting
"According to the Oil & Gas Eye, appetite for opportunities in Africa was highlighted by the listing on AIM of two Africa-focused companies"
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