the historic tie in between the two companies will kick it through the next pricing stage even if we're not quite so joined at the hip anymore... imagine some kind of spike when rrl opens onmonday with their funding in place.
sub 4p still on offer. A few guys taking positions, not much downside from here tbh HH Georgia is not a dead duck so value in there and there's always speculation for a buyer so expect some spikes again no doubt, always happens with RMP! punty ah well you never know but Indonesia is the big catalyst atm.
I think the days when these two shares rise in tandem are over. Puntland is certainly not happening any time soon and RRL have made it clear their focus is purely Trinidad. For now we have the Hawkeye drill in the next 6/7 weeks to get excited about, with possibly some agreement between the Georgia JV to realise some value there.
This is just the RRL effect, Indonesia will take this to another level but I have been noticing the 100k buying last couple of trading sessions! with it back on Monday, this could well be the last time to buy sub 4p. see both doing very well from these levels. RMP always rises with RRL.
I agree this has (subject to Philippines DOE approval for the farm-in, which despite some postings has not been finalised) a long way to go from these levels as spud date approaches. With RRL funding GB will hopefully be working in the background to realise some value from Georgia also which will add a further boost.
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