Member Info for oilriches

Do we go to on a good USA asset?

It's starting to look like a buoyant market. A good transaction is needed asap here

Tight trading range. This should start to move up in the coming weeks in anticipation of a deal

When caf need to raise cash for a new deal, it won't be at this shareprice.....it's only a cash shell with no assets. Look what happpened to Adl

At least cash in the bank makes up 1.5p. This time cash in before results

https://m.youtube.com/watch?v=nHY0lqzDJOA

The good the bad or ugly, if it comes off?? The Board of Red Emperor have been particularly active over the past quarter and during the period made an offer to acquire a US based exploration company with assets in the United States. Discussions were very well advanced and while they did not result in a transaction, both parties continue to engage with each other. Red Emperor are currently in separate negotiations with a potential strategic partner regarding both financing and asset participation. The focus of these discussions has been on opportunities in the USA and the Company will be represented at the NAPE Conference in Houston next month, where it hopes to further these discussions with the aim of completing a transaction in the near term. The Board is mindful of the patience shown by its shareholders, both in the UK and Australia, and thanks them for their support.

Have you revised your targets up or down?

Yep I am not happy with this, things going on behind the scenes.

And IRG. Went against my normal rules of investing in companies with debt

Macminchus - yes, I am heavily invested in here and hold over 5% of the company ( including partner holdings). I was very luck in Aug 2015 sold 4m shares here around 4.6p and move £75k into Afpo at 0.45p to sell within a month at 2p. I then put £200k into EVRH at 2p to now see it hitting 10p. A few shares I got wrong and sold out at a small lose NEW, RRR. My investment here should become very lucrative in 2017, but it's all a gamble

News is on the way in regards to changes here.....be it good or bad

On the way...you heard it hear first

I traded Kenv and Kod recently....look how high the share prices are now

Maverick, I totally agree - This is turning into a good market... any sniff of activity could see a £20m plus cap. £6m of this is in cash so ultimately, we have new asset sc55 and Georgia in the price. Average down is the way to get averages at levels to make profit

Thanks. May I ask what u asked and what your thoughts are?

The problem bandy will have is when the two brokers sell down their holding.....shareholder will revolt

If a good asset comes this will re-rate. We are in the early stages of a bull market

$11.3m circa £6.5m cash

Will take a look of them companies. thanks