Islandgirl. Market conditions and the placing sell off did not help the cause here and I recall oil falling to $45 a barrel. I have a feeling the next venture will be in favourable conditions, which might see 6p plus circa £24m cap with over £6m of that in cash.....we just need results from gb now
His wife holds near 4% of the company and a recent director buy from GB himself. We are no longer in a closed period so who knows. I am focused on the cash pile and limited burn rate.....history is something to look at with Rmp and that tells me the next asset will see a good rise
I am of the view that a Georgia sale is not going to materialise, what frustrates me is that Rmp had a free carry on a drill on block VIB and this has not been honoured and the company have not once clarified this with the market. SC55 looks interesting on the cinco prospect when the sector recovers. The win win is that RMP have a cash balance of £6.4m and not debt - This gives Rmp a market advantage to pick up cheap assets from distressed sellers. Like many investors here we want news of a forward plan