Well yeah... we won't get anything from GB. I did ask him to comment on the presentation from Otto in relation to how it is going to affect RMP and he said that it would be inappropriate to comment on the presentation without the express permission of all parties, but especially without the permission of the operator.
However, in response he did say that he looks forward to updating the market on the future of the license as and when developments arise. Which will be in the coming months.
Lots of negative comments from people who didn't sell. I would like to know from the CEO what direction he's taking the company in? Are we progressing SC55? Are we looking at a new asset? Georgia? I assume something is happening behind the scenes but what. IIs holding is confidence building but an update would be helpful. Anyway I'm happy to wait it out. DYOR
To be honest the following post below sums up Red Emperor situ over past number of years & don't forget Mr Bandy also a director of Orca Energy, Perth WA on a good salary $200,000 + http://screencast.com/t/E4MHejLhGW
If you look at the history of the likes of Bandy / Landau, all they are doing is rolling the dice with shareholder money. For them, its a win-win model - they get into some sort of farm-in arrangement, speculative so PIs get seduced by the upside IF it comes in - all the usual chat of 'so few shares in issue, IF we hit oil / gas, this will skyrocket'.....they know exactly what the COS's are so near spud, they will raise funds when SP gets pumped. This gives them another wad of PI cash which will keep their salaries going for a few years.....when a duster gets announced, they've got enough in the coffers to try this all over again - PIs get screwed whilst this cycle goes on and on..........
and you still have PIs on this board willing to wait for the next data room nugget!
FWIW - I took a big hit on RMP and have sold all my holding and split between 88E and JLP. Any profits will be ploughed back here at circa 1p for long-term. 88E in particular could be huge over next few months. DYOR of course
Circa two weeks to spud, and following the RMP footprint from July / Aug at the moment. DYOR but I'm wondering if it's worth taking a hit here, and getting in there pre-spud and maybe coming back to RMP afterwards for the long wait.
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