88 Energy8 Feb 2019 08:27
In the last month, many of the long term 88e investors sold up many of their shares and bought the riskier RMP shares in order to make a quick profit leading up to the drill. It worked as Bandy has been talking up Red Emporer’s small involvement in one of 88e’s four main projects.
Now that the spud is imminent (IMHO) most of these investors are starting to seek up RMP shares in favour of the safer and (in the long term) far more profitable 88e shares.
If Winx is successful (which it should be), then RMP & 88e will do well; in the unlikely event Winx is a failure, 88e will take a relatively small hit, whereas RMP will nosedive!
Best of luck in the coming weeks everyone.
HSG