Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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that's the problem !! :-)
Hi Swify, yes I agree, and the prospect here is huge, I wonder what the buy in price is?. RMP’s history in Alaska makes this an interesting proposition. Quite a few people are looking to exit around 2-3p. Problem is when it gets there you always want more lol.
HI Suthy....it ties in with GB's declining of NOPTA licence perhaps- it's speculative, but possible- especially given RMP's involvement in the North Slope already. I hope we get some direction in the GM- we might want to keep our eye on this. "2 x drills 2021" ....I'll just keep adding my 30-50 free regular with interactive each month. I still want out though at 3 / 4 p will do me fine (2.5 p doesn't cut it as its actual my average input since Puntland. Regards
Hi Swify, that is a good find. You could be right.....
HI Time to act , I just seen this- could we be seeing a RMP farm in here ? "88 Energy Ltd (AIM: 88E) is continuing its high reward strategy towards making a multi-billion barrel oil discovery in Alaska. In fact, it’s more emboldened than ever, doubling down on its North Slope ambitions and acquiring 100% of Project Peregrine......(goes on to say)....88E intends to secure a farm in partner and drill two, low cost wells to explore Project Peregrine in early 2021. Given the size of the prize and the leverage to near term upside here, we would expect the farm in process to be a success. We’ve seen 88E’s share price move upward in the lead up to drilling events before, and we expect to see something similar to unfold in the lead up to its early 2021 drilling.
Agreed, i can wait, but to be honest 50 quid a throw each month at this price is a pittance- it can't sink any lower IMO. but, yes, am all over it at work place ! 2p gets my initial back- 2.5 gets a week away with the family . Red Emperor my arse...should be renamed " Red Herring" ! Everything about it stinks- the hype, the ****e RNS's, the 1 year between each opportunity, the "spread" lock in....I feel ...violated TBO ;-D still i can't afford to sell and realize a paper loss...I just gotta wait and time it right ! Cheers
Your better getting selling all your shares and not throwing more money at it.
Keep an eye on the share price and if there comes another deal. Most people are not looking every day so if there is a deal around you can get in quickly.
I sold all of mine the moment he stuffed us. But I still keep a regular eye for his next con and I'll be on it. If your quick then you might be able to make a turn and make some money back.
I also think the days of large spikes are much weaker; the confidence in the company is almost non existent after all the failures, ambiguous RNS's and finally- the NOPTA episode- I am curious as to what happened there, but I am also sceptical as to whether we will get a detailed explanation in the GM. Hence for me, it is now all about damage limitation. The best solution is s to keep averaging down with the odd 50 quid here and there, and set my sights on a 2.5 / 3pm exit as GB is sure to dilute and play the same game again and again. 2.5 /3p It will come, but I think we are looking at months rather than weeks. Am i bitter - too F right I am...but if i come out with my initial + a few quid, I'm ok with it as it sits in a SIPP anyway.
I too have been stuck since Puntland, I have missed 2 chances to exit due to timing more than anything else as you cant always be around to intercept the wild swings. I watch this like a hawk now- every evening and morning on the dot. I don't see much happening here for 6 - 12 months; it will bumble along at cash value. I kind of feel 2.5 mill is not alot in the oil game, and as a consequence RMP is IMO a last chance saloon. I may be wrong, but as far as i am concerned i just been averaging down and will be a gonner at 2.5 - 3p. Never again in AIM ! And yes, I do blame myself for falling for all the hype gone by. G L everyone.
Bandy is a crook pure and simple.
Eternal burny pish would still not be enough
This has been a complete POS for nearly a decade. I learned my lesson back in 2012, with the Puntland drill. Tbh, that really hurt - but I learned a valuable lesson that paid off in the end.
Do you still think it's a solid company?
It's a shambles, and at this point I only have myself to blame that I'm in here at a 80 or 90% loss, but that is because I didn't catch on to how he lets the in crowd know to sell.
I could go on but I won't.
We do not know the reason yet for his withdrawal. Good reserves, low share cap, it’s all good at the moment.