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2k top up for me @ 1.018p - thinking this should start climbing tomorrow when new placed shares can be traded wink wink ')
ASX closed at 3.24p this morning - a couple of larger buys on AIM today too. Hopefully, GB final permit news will kick start this again properly.
ASX closed at 3.14p by the way.
Sounds very much like you want the share price lower Islandgirl - seems to be your mo wherever I've encountered you before - why have you just re-appeared here again by the way?
I'm holding. This will undoubtedly rise significantly prior to spud - mult-ibagger potential..
The only uncertainty is if /when Bandy will want to raise additional capital.
All imo.
Spread at close on ASX this morning is 0.048 to 0.052AUD = 2.652p to 2.873p (vol 550k)
Spread on Aim = 2.80 to 3.18p (vol 244k)
Your speculation is not based on any facts. SP bottomed at 2.5p and is now going up. I agree volumes are relatively low, but they were when the price fell too! It's normal that SP usually goes up prior to an AGM - dependant on any news released at AGM or after it will then react accordingly.
It might be good news with announcement of drill permit. ' If' Bandy is going to raise funds through a placing, it will be after the drill permit is a granted by State of Alaska, this could be soon or even up to Christmas. You pays your money and takes your choice - no one forcing you to buy or sell - it's your decision no one else. MM's seem to do what they want with the SP on AIM.
Nice to see some good PR for RMP and the upcoming WINX-1 drill on VOX today..
Nearly spat my coffee out though when I read the bit this bit about Bandy having a track record of protecting share holder value lol ...........'Such an approach has given Red Emperor a proven track record of protecting shareholder value while still maintaining significant upside potential'.
Bandy aside though, this is a great investment opportunity and definite multi bagger potential even before drill result.
**************************************/articles/alaska-north-basin-oil-exploration-red-emperor-1fe1f5e/
Sorry should read 'As you can see from points 6 and 7 of the schedule - drilling and testing (and subsequent rig demobilisation) will occur within a tight time window of 14 feb to 20th April
It's actually better than that and drill will begin on or very close to 14Feb - see the submitted timetable of operations From page 5 of the official document 'Lease Plan of Operations Application' submitted to State of Alaska. I have attached the link for the whole document which is 53 pages long. but also here is the timetable:
SECTION VII: SEQUENCE AND SCHEDULE OF OPERATIONS
Project
Milestone # Project Milestone Proposed Start Date Proposed End Date
1. Conduct Field Studies, Project Planning & Design and Project Permitting 7/14/2018 10/1/2018
2. Inspect/locate and survey TWR alignment and ice pads, sound potential
water sources, and install thermistors 8/13/2018 9/1/2018
3. Pre-pack all TWR alignments and pad locations 11/15/2018 1/1/2019
4. Construct Main TWR and ice pads; construct ice airstrip on Lake GBP001
(optional)
1/1/2019 1/30/2019
5. Mobilize drill rig, camp and support operations 1/30/2019 to 2/15/2019
6. Drill & test WINX #1 (demob of rig may begin during testing) 2/14/2019 to 4/20/2019
7.Demobilize drill rig, test equipment, camp and support operations (demob
of drill rig may begin during testing) 3/1/2019 4/27/2019
8. Cleanup, remediate & rehabilitate TWR alignments & ice pad locations
https://aws.state.ak.us/OnlinePublicNotices/Notices/Attachment.aspx?id=114595
As you can see from point 7 of the schedule - drilling and testing (and subsequent rig demobilisation) will occur within a tight time window of 14 feb to 20th April. Because of the crucial dependency on snow road access it will be done within this timetable - spudding of the well may even happen sooner than 14Feb if rig and equipment preparation safety pretests are all in place.
last sentence should read 'as indicated by Dave Wall'........think I had a dyslexic moment there.....think I need another beer.
I, like any genuine and sensible holder here, want the SP to go up - there is no point continuing to slag off Bandy - this is a consortium joint venture and Bandy is not in control. We are here for the great opportunity that the upcoming Winx drill in the Nanushuk play fairway gives us all and with patience we should be able to get a very good return on our investments, if you choose your strategy wisely. Once this starts to move it will rise fast as those waiting on the sidelines like vultures jump in.
Because of the need for ice road access to drill site I believe drill will commence in Feb as inmdicated bu Dave Wall.
SP on ASX is around equivelent of 2.86p. AIM needs to catch up.
I hope SP has bottomed now at this support level and we get a strong bounce with increasing volume from here ready for the November AGM. I was becoming a little concerned about a few large sells sneaking through being reported day's later last week in case people 'in the know' were offloading slowly - though it might just be investors cashing-in in order to move their capital into other more immediate shorter term 'low hanging fruit,' Normally the SP is 'encouraged up' prior to AGM's so I'm hoping that we will see this.
Good luck all (and especially me!)
cweb that figure is groundless and very pessimistic in my opinion.
Nice to see some big buys re-appearing today again (677,425 at 13.33hrs, 150k at 13.33hrs and 153k at 9.07hrs).
Tt I know you guys in UKOG must be disappointed so far at the poor market reaction to what would seem to be good news from horse hill-1 on 10th Oct but it looks pretty desperate if you need to come here to try to sell it!
I recommend you buy more shares here.
Actually topped up a bit at 2.6p this afternoon. The gap down today makes no sense to me and I think it will bounce off the historic support around 2.5/2.54p.
I have no idea why the SP has been dropped so much by the MM's this past week and particularly overnight. Only reason I can think is that MM's are 'shaking the tree' to collect shares prior to the next big push up where they will resell them back at a much higher price. I also suspect that we are being held down until the 88E share offer is complete so the differential between RMP and 88E is not so big that there would be little interest in the 88E share offer.
Just my speculation. I'm holding tight to my RMP shares anyway.
Good luck all
Feb drill less than 5 months (see 88E latest rns).