Very simple. This was a pointless stock doing nothing bar sitting with dwindling cash in the bank. There is now something to post about. Although I'm not going to follow your lead and post "This is going up!!!111", "The assets are so amazing", "What a great deal!11" every five minutes. You seem to want to make this an RRL vs RMP competition every day - good luck with that. It's probably because you've not got a lot of useful stuff to say about this and prefer to attack anyone who doesn't post "omg this is amazing buy buy buy buy!!11". As for the oil prices. I do think they'll rise back. Probably not that quickly though.
Why the sudden interest in posting here? Not that long ago u said we were in deep trouble with dwindling cash. We are all welcome to an opinion but can we agree rmp is now in a much better position to range? I suspect oil prices will be over $70 a barrel come July
Exactly flapping. Which is why I suggested shorting this yesterday (but missed the 3p buy-in I wanted to short from so left it). Extremely likely it'll go back to 2p. Possibly a bit under, 1.5-2p, but the spread will always be large on a low volume tiddler like this so hard to call. The good here is capped costs and a couple of possible plays that might come off. Georgia (sadly as I know too well having held RRL) is an extremely hard to judge gamble and most of us presume little value is likely to come of it but a very nice bonus if it does. The new farm-in is interesting but you always have to weigh up how it'll be monetized (if you're not going to develop the field to production it needs to be sold and it's not a great time for marketing assets - with the oil price situation as it is). This is the obvious reason why it has and will trade at cash or a cash discount. So there is potential from making money here, with luck on drilling, or from the AIM pump and dump rises that come around once in a while, but there's a much better chance of that from a buy in under 2p. I probably won't take a punt but would consider it a little more from that kind of price.
Why would you ever buy into a share? July drill signed off. Georgia news on drilling imminent and all services are on standby. If you look at trp and fogl the share price jumped 3 months before the sped date.
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