Login:
Share:
Email Facebook Twitter

RMP Share Chat - RSS Feed

Red Emperor Share Chat (RMP)



Share Price: 2.595Bid: 2.50Ask: 2.69Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.19Spread as %: 7.60%Open: 2.65High: 2.65Low: 2.595Yesterday’s Close: 2.595


Share Discussion for Red Emperor (RMP)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Duckles
Posts: 29
Observation
Opinion:Strong Buy
Price:2.93
Stuiegee
19 Mar '14
Yep, but it has nothing to do with puntland apparently..
 
Stuiegee
Posts: 587
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.93
Horn
19 Mar '14
Is up 13% on what seems to be not alot.
SirBob
Posts: 996
Observation
Opinion:No Opinion
Price:3.03
DJ8686
19 Mar '14
I don't think 25p is too optimistic, just looked what happened on the least drill campaign 40's.
Few more shares in issue now so I don't think we'll see the 40's on momentum alone, but certainly I can see 20's. TRP currently on huge market cap on similar drill excitement, and little assetts.....
DJ8686
Posts: 330
Observation
Opinion:No Opinion
Price:3.03
25p
19 Mar '14
Why 25p. Thats being way too opimistic in my opinion
Linton78
Posts: 433
Off Topic
Opinion:Strong Buy
Price:3.03
oilriches
19 Mar '14
Morning - I have RMP in a Barclays Stockbrokers ISA ( £11k 's worth ) so that's tax free on gains. Some I have in a SIPP also with Barclays, maybe you could open an ISA before these lift off past 25p :-) and upwards!
oilriches
Posts: 2,908
Observation
Opinion:No Opinion
Price:3.03
25p
19 Mar '14
And Im a millionaire :-)......before tax that is :-(
oilriches
Posts: 2,908
Observation
Opinion:No Opinion
Price:3.03
investors
19 Mar '14
Are starting to take a position in rmp? Keith hill said they expect to return to activity in puntland within 6 months. this certainly points to a nugaal drill to me
oilriches
Posts: 2,908
Observation
Opinion:No Opinion
Price:3.03
linton
18 Mar '14
Yeah looking good here and pi's are building a stake for any sort of news. trp is a good example of how these companies multi bag fast. off topic on bpc i personally feel the risk is very high for a company capped at £30million.....£20 million and i would be in.
oilriches
Posts: 2,908
Observation
Opinion:No Opinion
Price:3.03
taken from iii
18 Mar '14
I've held RMP shares since 2011 and I've been buying more recently based on what appears to be an improving Puntland situation...

If you watch this ...starting at 8.08 minutes in .....you will see Keith Hill confirming that Puntland does indeed seem to be moving in the right direction.

http://www.youtube.com/watch?v=eAdEmcVtHHA

In the presentation KH begins by saying he ''still likes Somalia'' and finishes by saying he's never been more optimistic of getting back to work there '' hopefully within the next 6 months''

Also worth noting ...

''Have committed to second exploration phase which will require the drilling of one well in each block to hold licences to October 2015''

''Plan is to acquire additional seismic in Dharoor block and to pursue drilling projects in Nugaal block''

''In discussions with potential partners to fund above work program''

KH goes on to praise the new President whose government is...'' Still strongly supporting Horn's rights under our existing Dharoor and Nugaal Production Sharing Contracts''.

''All parties expressing interest to find political solutions to allow oil and gas exploration and development to re-commence with mutual agreed terms''

So the bottom line for me is that Puntland needs oil and the wealth it will bring ....every day that goes by is potentially another days lost revenue....hopefully some of this new found wealth will find it's way to improve the lot of it's desperately needy people. 

As far as RMP is concerned we await news from Georgia but my focus is on Puntland and how things pan out there....if Keith Hill is right and Horn get back into Puntland during the next six months the current 3p RMP purchase price is a bargain...and will multiply many times on the run up and during any drilling program.

RMP is a good 'vehicle' to raise money because of the relatively small number of shares in issue.....so very useful to have on board for a drilling programme.

Obviously it's 3p today and not 33p or 133p because there's still much work to do,,,the risks are there in the price at the moment......for me the risks are worth taking and Keith Hill's presentation has gone a long way to help allay concerns I have had and ones I naturally still have of course.

Good luck with whatever you decide to do....
Linton78
Posts: 433
Observation
Opinion:Strong Buy
Price:3.03
oilriches
18 Mar '14
Yep, it should - at long last ( !!! ) Start to get interesting now.

Georgia rig confirmation or sale early april.

O/T - are you tempted by BPC yet?! Now 2.6p - should have taken your advice as I'm in at 3.1p !! Seems like a second RMP :-)



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices


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.