Member Info for oilriches

Of the shares traded already

At today's price to see a rebound....high risk share though

Paid

Do a 100% plus today

In for some fun

That's why I am here..it might be a little wait but can see many multiples of this in the next 12 to 18months. Problem these days is that investors tend to be short sighted.

Why would the sp decline when we are not producing or exploring, we are pretty much static and riding the wave. It's the companies with producing assets and debt that are under serious stress at the moment. Rmp are in a favourable position with a decent war chest at hand. I admit nothing is happening and all it will do for now is fluctuate between 0.85 -1.10.

Will be King in this oil price environment....Rmp have £6million of it

Sorry predictive text

One think RMP have is a wad of cash - The had a $285k refund from otto that is worth about 4 months of cash burn and £6 million is now in the bank, which is a great position to be in with no debt. Even if Rmp drilled a world class asset "right now" the market is unlikely to pay any interest. The days of 3p,4p and maybe 5p will return when the market picks up in the resource sector, could be 6months to 12 months. I see no value in Georgia and the simple fact is no1 wants it. The sc55 block looks attractive in the future for a farmout of cinco that lies within a hydrocarbon basin and has 3D. All share are a gamble and can be frustrating, but we all know activity will kick off again within the future and many will reflect on today's price and wish they had of got in.

I did actually get a few buys there on the dip

Yeah cheap as chips but we have to wait for the next bit of activity

This be on a good run today with that tip

http://www.dailymail.co.uk/money/markets/article-3381450/MARKET-TIPS-2016-Mail-s-city-reporters-reveal-shares-vote-coming-year.html

Watch this go

Careful

We can look at this in January mate. I need to free up some cash and get the support from a few big holders.....we need 10% here

Thanks mate....hope u are well

Well done mate you timed that one perfectly :-)

Well done mate you timed that one perfectly :-)