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.
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.....
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!
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
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,
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.