Member Info for Suthy

Who knows, I am in for the next drill. Need 3p then I am gone. Each drill it goes well beyond that but I will not risk it for full results this time. Knowing my luck they strike oil this time.

Hi GPRD,

Protecting the balance sheet, implies preserving cash (which they have) by keeping overheads low which they are. No debt , so what’s the issue?.

You are entitled to your opinion but I believe it will be before the July and even if it is not, so what? I am not in a hurry. Only 175 million shares I open circulation, is also a huge factor.

I like the use of the words @ extremely confident “ and thanking shareholders. It’s just a waiting game $4.6m in the bank. Their focus on protecting the balance sheet is good.

Hi Swify, yes I agree, and the prospect here is huge, I wonder what the buy in price is?. RMP’s history in Alaska makes this an interesting proposition. Quite a few people are looking to exit around 2-3p. Problem is when it gets there you always want more lol.

Hi Swify, that is a good find. You could be right.....

Agreed, I think you will find most people will out at around 3p, when the time comes

Yes he is a POS, but if comes up with a drill opportunity, people will pile in and he knows that. Especially early, as the gains are much higher

Agreed, although those who were not greedy would have done very well from the ridiculous movements in this share during drills.

Yes he is a slippery man and could not care less about shareholders. But he has kept the company in good shape and his selfishness is what keeps me here. The quarterly annual report is coming this month, let’s see. He will pull something out when no one expects it, unfortunately that is his style. Most people need around 3p or so to get out.

I think this will go lower. The next few months are going to see a lot of companies make staff redundant as the furlough scheme ends. Difficult to call the bottom, but around 22p seems very plausible in the coming months.

We do not know the reason yet for his withdrawal. Good reserves, low share cap, it’s all good at the moment.

With $175m shares in circulation and $4.5m in the bank and a drill could drop at anytime. So yes 1p could easily be achieved. In Dec 19 it hit 1p in the same day and that was just for permit approval. If a drill is announced then I think it will fly past 1p.

Agreed. But he will place at a much higher level.
Look at his history he always places at a minimum of 2p ish. There will always be punters, guaranteed.
Buy at this level , you will not be disappointed.

Looks like a few buys coming in now ..

I think Bandy will definitely drill again, he has to keep the train going. Hopefully, he will actually put some effort this time into bringing something with a better chance of hitting oil. I am hoping he will learn the lessons of the past. I appreciate you can’t always hit oil otherwise everyone will be rich. He will not commit more that $500k as he does not need to in the current climate. No point quoting in sterling as all his deals are in Australian dollars. Good reserves for a company this small. Low share circulation. Let’s see what happens

Yes , price is beginning to look very appealing.
$4.7m dollars in bank , low share circulation. A drill
announcement would make someone a lot of money
from these levels

Thanks, TheSyrup that was a good read. It would also make sense of the recent decision.

Wow! I read the hot copper article. That drill is an absolute beast. It would be great if RMP could muscle their way in there. Even 10% of that is worth loads

Truebluewanc , maybe you should look the company and the fundamentals before commenting

The share price went up to 6p and above on the last drill . How can you not make money unless you are greedy. Listen ****** , do not make assumptions about me unless you know me.