Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Agreed. But he will place at a much higher level.
Look at his history he always places at a minimum of 2p ish. There will always be punters, guaranteed.
Buy at this level , you will not be disappointed.
You have said it all. Bandy has stuffed everyone again. Good luck to those who are still in, but don't forget that Bandy will be out getting more funding if there is a deal out there. Eventually he will run out of punters!!
lol ....that was $4.7m 'Australian dollars' last quarter up to March = c £2.5m
-then with £150k *****d down the toilet on the Perth Basin fiasco where investors were completely misled and misinformed
- ongoing salaries (for doing nothing) of Bandy and his buddies with their snouts in the cash trough:
Mr. Greg Bandy - Managing Director (Board Member)
Mr. Jason Bontempo - Non-Executive Director (Board Member)
Mr. Aaron Bertolatti - Director and Company Secretary (Board Member)
Mr. Tony King - Corporate Adviser
I'd say there is currently less than £2m
As for the other assets (which are actually worthless liabilities ) ie Alaska dry holes, Philippines which have no current value with the price of oil in the toilet and no one seriously considering any exploration investment in Alaska.
Whatever Bandy does next, when he finally decides on the next hyped carrot to dangle, will imo not be in the interest of remaining PI shareholders. Get your money out now while you still can.
RMP has a proven track record of fleecing shareholders.
Agreed a good farm in announcement might a jump in the SP.
Truth is Bandy will need to place again so he will have to pick wisely as his placement figure will be getting lower and lower given is total ineptitude
with Bandy in charge this company will never go anywhere. Look at all previous explorations it has participated in - its track record is woeful.
Be very careful with this one IMHO
Yes , price is beginning to look very appealing.
$4.7m dollars in bank , low share circulation. A drill
announcement would make someone a lot of money
from these levels
see you at 0.3p or less.
Plenty of action overnight down under with those 2 companies mentioned by kalahari11 . Nowt with RMP though. Let's hope Bandy can pull something tasty out of the bag... not getting my hopes up though.
Thanks, TheSyrup that was a good read. It would also make sense of the recent decision.
Certainly makes interesting reading. Here are the links to the Hot Copper posts on the RMP and SGC boards for those who want to DYOR...
https://hotcopper.com.au/threads/ann-rmp-elects-not-to-exercise-option-over-perth-basin-permit.5435427/page-2?post_id=45247227
https://hotcopper.com.au/threads/bigger-than-the-perth-basin.5431167/
Wow! I read the hot copper article. That drill is an absolute beast. It would be great if RMP could muscle their way in there. Even 10% of that is worth loads
No he will most likely eventually announce yet another fiasco investment into his buddy Dave Wall and 88E in Alaska because no one else is daft enough to invest there with the price of oil so low and E&P costs in Alaska so high.
Sacgasco : SGC. Borba prospect : 6 Tcf +. California. There is an interesting post on Hotcopper. Pure conjecture but well researched. Will Red Emperor be farming into the Borba prospect ?
If you have a moment do read it through, there is a lot of common ground between RMP, SGC and XST.
I’ll take a look when this hits 5 for 1p... worth a punt with £1k then.
I feel for people tied in at a loss.
Been there, long recovery.
Good Luck all.
There's a sell at 0.52p showing on the Aquis exchange today at 2.58pm for 276k. Overall more buys than sells today though
If you look the 0.o52 sell went through on Friday and not today, check again TheSyrup
The spread has been showing like this for some time with a little deviation. They dont tend to move the sp so it looks like the sp has been fairly static. I have topped up 100k to add to my lot, trade shows on Aquis as do a few other trades. The mid has just closed at 0.55 up a touch following that final 100k buy. Not been in the blue for some time. Permit news can drop anytime so i guess people are getting in whilst they can
Buys are going through at full ask price at the moment. The last sell went through at 0.52. That's a fairly big spread
Just topped up, but it's a bit odd that the share price is 0.598, ask is 0.598 and the bid 0.50, I find it odd there is no spread, or are the MM's trying to get rid of a load of stock, interesting.
only just back from a walk,
revisited Watchlist to see near 14% rise :-)
hi Mindshadow, that's not a million miles from my situation. I stretch all the way back to Puntland and missed the opportunities in the last two drills also (4p +). At what point / price do you think the dilution will come? Just before drill commences , or does it tend to be just before drill results. I what out at 5 p and that will be it for me. regards
i was running the maths from the investment i had many years ago.....
it's scary to think this was a high pence share.... i missed a dramatic rise to 50p and sooo many people must have got caught out. i was in at around 15-17p times....
looked and numbers, as could not recall how many shares i had back then but was about £20k worth, at around 15p.
so my 350,000 now at those prices would never be affordable..... £52.5k..... whereas i have all those for less than £2k.
so 2p rise, great. 5p amazing.
Good Luck.
Keep watching.
I have almost 500k shares and quite happy with my entry points.
The past 2 drills I believe I am right to say that both found oil which was not commercially viable which I thought was pretty unfortunate . This block is more profitable and you would have to think that this time they done their research. The whole process has been more shrewd by Bandy this time around and the latest RNS is also positive that they are looking at future projects also. It is worth noting they will need to raise cash for all this as they have done previously near expected drill dates. It's the best time for them to dilute as it won't impact shareholders too much at the higher share price and allows the company to raise funds...to be honest the placing will probably be as important if not more than the drill results themselves.
Once the news drops of the license approval,I imagine shares will get close to 2p and then retreat a little until the next announcement of intention to drill which will be within 2 weeks following license deal. This should bump the share price further up ..
That's how I see it going in the next few weeks but aim stocks have a habit of giving surprises!
400,000 shares, about £2.3k worth. This share tends to be a bit lively on news so reaching over 2p+ will be great. Will definitely sell a few to get my money back if that does happen, leaving the rest for a free ride. Something I wish I did on the previous drill projects, because as we all know this will drop like a stone on any bad news.
topped up today to round up my holding to 350,000 shares from 285,000.
not a huge buy i know, but had a small amount left from a Tesco top up.
the way i look at it is 350,000 x 2.5p is a result....
todays but was in at 0.0059p, previous but was 0.004934p.
What are other holding in shares volumn???
GLA