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I have 5k in here too - also getting worried. Its very difficult to get any trustworthy info on the company. At first I thought that getting kicked off of the Australian stock market would force some activity. Perhaps we are just underestimating how slowly things run at corporate speed?
Got around 25k in RMP and am now at the point where i’m Rather worried about its total lack of activity and continuing falling share price....are dodgy things afoot, I don’t know, but Bandys arrrogance and apparent total lack of interest worries me. I dare say my investment is small fry to him, but why would he care he barely holds any shares himself. He also missed a golden opportunity to exploit the oil price at $27 a barrel. Worried
Can a dormant company hold shares in another company? I just looked at the top shareholders in RMP, and almost all the ones I looked at submitted accounts for a dormant company in 2017. Is this normal or is there something dodgy going on?
Isn't there anything that can be done about this complete lack of anything going on with RMP. I've just looked on the website and under Projects, they state 'The Company's principal activities focus on identifying and exploring oil and gas in Puntland, Somalia and the Republic of Georgia'. If they can't even be bothered to keep the website somewhere near up to date, they obviously have no intention of trying to make something of this share. Don't the big investors ask questions?
they're having a laugh.
Good call John, that's where it's ended up today! Board are milking this one for every last penny.
I have been in here previously based on a 'spike' like today. MMs trying to drag punters into a dead company by increasing a fake buy price to get it on the leader board. It will be on the loser board soon enough.
Another oily down the pan!
Sub 1
Hopefully good news will result....surely they couldn't find a more ineffective and useless CEO .....could they??? Await confirmation.
Not related to your post but update on OGY. Greg stepping down and new tact for the company. Hope it's successful for any holders. https://hotcopper.com.au/threads/ann-orca-to-acquire-western-australian-resource-projects.4020538/?post_id=31074046#.WoYPfUHRXYU
Bid and ask are both showing zero.....has this finally been suspended on AIM (wouldn't be surprised) or is it just a computer glitch?
This share is a downright embarrassment. I take it that it is still suspended on ASX as nobody seems to give a toss.
Not for Bandy he gets circa $25k per quarterly message he writes, sorry I mean cut and pastes.... Nice job if you can get it...
Duff update
They had a placing recently that's held it back hopefully when that has cleared which I don't think will be long should be a re-rate in share price
What’s holding it back? Pxog? Might then need further funds to aid production ? Hence why it’s not rocketed? Bob
Am not in rmp any longer but hope to get back in at some point as I can see it spiking upto 3p at some stage I've never known a share like it in the punt land days rmp where in the 40p range now it's 1p and bundy is still here and gas a job...just a heads up on pxog as you're an old friend they hit gas in the Romania and Italy assets and will soon be producing and also hold 50% in a big Spanish asset which will be drilled this year..I'll look into matd...hope you end up getting your fab new car gl
Apologies for spellings, last post on phone..... PXOG, I was in hick, but cashed out as needed some cash and I can’t remember what I made in them!! Not huge, but ok, they’ve never had quite the boom people have ramped them up for.....but i’ll Check out RNS.....I’ve got some cash coming soon as selling a house, i’m Currently going with Matd when I get the cash as long as around 7/8p and 5k cash in Rmp, as the 26k is from my pension.....will buy a new car if I get the 3-5p spike from RMP I foresee at some point.....unless PXOG blows me away, but I suspect they might have peaked by time I get cash...
My view on Rmp is that they will spike sooner or later, so far much later....three years on....so I’m hoping we must see some action soon or Bandybid pushing to new limits people’s patience, I expect three pence minimum, but maybe as much as five, I will then be out for good.....but AIm normally always spoke at some point....look at Matd, bell zone to name a few....just need incredible patience....
Sir Bob are you still in pxog you should take a look at the recent rns's they have had
Maybe it's not dead yet but the 'ask' is currently below the 'share price' and no one seems to have noticed.
Ok, maybe not the best terminology, but what would you call it? I think Sir Bob hit the nail on the head.
So you agree it's not a dead share, or you would have taken your £24k out whilst you can!
Probably because it’s suspended in Aussie Asx through no activity in three years.....how a CEO can take three years on a six figure Saturday to find a project, at a time when assets were dirt cheap due to the oil price being $30 a barrel and having Millions in they bank.....at some point it will probably double or treble bag......but the CEO has most certainly been using this as a salary mule at our expense. I have £26k in it unfortunately but fortunately at 1.15 av