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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Red Emperor Share Chat (RMP)



Share Price: 1.1855Bid: 0.971Ask: 1.40Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.429Spread as %: 44.18%Open: 1.1855High: 0.00Low: 0.00Yesterday’s Close: 1.1855


Share Discussion for Red Emperor


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Stuiegee
Posts: 1,136
Off Topic
Opinion:No Opinion
Price:1.125
Lets see
7 Jun '16
if we can recreate the main RNS body:

For The Period 2015/16

The Board of Red Emperor Resources NL (“Red Emperor” or the “Company”) provides the following commentary and Appendix 5B for the period ending 31 March 2016.

Philippines (SC 55)

The joint venture is still awaiting a formal response from the Philippines Department of Energy (DoE) to its request for a two-year moratorium over Block SC 55. The request has been processed by the Petroleum Resources Development Division with the JV hopeful of written confirmation from the DoE in the coming weeks. The consortium intends to undertake further technical studies during the moratorium period, including a Quantitative Interpretation (QI) Study.

As announced previously, Otto Energy Limited (ASX: OEL) has advised the JV of its intention to exit the Block SC 55 as part of its strategy to focus on its North American assets. Red Emperor intends to have its full, proportionate interest be assigned and as a result its working interest will increase from 15% to 37.5%.

Georgia

Red Emperor, a 20% shareholder of Strait Oil and Gas Limited (Strait), a Gibraltarian company with a valid Production Sharing Contract (PSC) across Block VIa in the Republic of Georgia, continues to be advised of ongoing negotiations with a potential purchaser of the PSC. Red Emperor understands that delays in reaching an agreement with the potential purchaser have been due to volatility in the oil and gas price and political instability in the region. Red Emperor is not involved in these negotiations and can provide no certainty as to the likelihood of a successful outcome. The market will be updated when further information becomes available.

Corporate

Over the course of the last 12 months, Red Emperor has reviewed and conducted high level due diligence on a number of projects and opportunities, both in the oil & gas and resources sector. While committed to its existing JV in the Philippines, the Board believes additional asset(s) would better diversify the Company and could potentially take advantage of the Company’s substantial cash balance. To date, the Red Emperor has not progressed any of these opportunities beyond due diligence, however it remains committed and focused on identifying value for shareholders while at the same time, responsibly managing the Company’s healthy cash position.
 
oilriches
Posts: 9,752
Off Topic
Opinion:No Opinion
Price:1.125
RE: Rmp survey
5 Jun '16
Results published tomorrow
oilriches
Posts: 9,752
Off Topic
Opinion:No Opinion
Price:1.125
Rmp survey
5 Jun '16
minden
Posts: 1,448
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
What
2 Jun '16
a rubbish set up. We're falling almost daily and nothing from the Co. PR. Lost too much to sell. So whatever comes here to stay either way.
oracle28
Posts: 138
Off Topic
Opinion:No Opinion
Price:1.14
Can't believe many sellers @1p
1 Jun '16
Disappointing retraction recently on hardly any volume
thai
Posts: 474
Observation
Opinion:No Opinion
Price:1.05
Change the board
31 May '16
There must be someone who knows how to get rid of the people behind this share as I don't but it's plain to see the CEO and the people behind him are doing us the share holders no good.
oilriches
Posts: 9,752
Off Topic
Opinion:No Opinion
Price:1.17
Rmp
29 May '16
Yeah no news or activity, it's a waiting game!!!




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