Member Info for Suthy

Yes this is an exciting project and not the only one they seem to be looking at.

Yes they paid $150k for a piece of work associated with the renewal. I agree, it or quite close now

These low prices are allowing people to accumulate with minimal risk, as at these levels valued at cash in bank

Agreed. There must be some bargains out there. I like the cash we have, but it would be great to buy an asset.

If all plays out properly, there is a real chance of this hitting up to around 2p this month. An intention to drill on top will send it much higher...

I have a feeling that’s why the spread is so wide. I don’t think they want anyone to buy due to lack of shares in circulation

I meant “ much higher price”

Agreed and at probably a much price. It’s just the nature of this share, it moves on even the slightest piece of good news. MM’s will not be able to hold it at current prices due to low volume of shares in circulation

Yes in terms of due diligence on new ventures, but permit approval IMHO IS VERY CLOSE

Hi Swify, according to the RNS after approval RMP state their intention to drill within 15 days .

My understanding is that the permit approval then gives RMP 70% ownership of the huge acerage for a £500,000 payment to the joint venture and then within 15 days RMP will state it’s intention to drill.

Yes you are right, it did say it was under assessment. It looks like it is getting closer, which seems to fit with the timeline of the other permits.

Yes a fairly expected reported. It appears from the other approvals that have taken place that there is around an average of a three month wait give or take. Given that it was submitted prior to 19th Feb I am expecting early to mid May. Cash in bank is a great position to be in .

Agreed it will take a little while to recover. The people who tend to make money are those that invest in uncertain times. Because sure as hell things will recover and everyone will pile in at much higher prices

If you are going to punt....now is the time, not at 1p +. Low number of shares in issue and current market cap is valued at cash in bank only .

We have cash in bank , great time for investment, Should get some good bargains

Thanks Fuse 7, I can see it was lodged on 14th Feb 2020. Will come anytime now. It is difficult to say when, but it is currently being assessed. The quarterly report is due this month I believe. It would be nice if it sneaked in before the report, we will see.

Thanks Fuse 7, that was an interesting read. It provides a comprehensive update on proceedings. The prospect looks very interesting and RMP’s share is quite considerable if they take it up

Hi Swify,

Unlikely it will go beyond 3p with news alone, somewhere between 1p and 2p on permit news I think and with a firm drill date then possibly 2p to 3p. However, once drill commences this stock has been known to rocket upwards. It all depends on your risk profile. At this levels, it’s worth buying as it equals cash in bank. As I have mentioned earlier once it starts to move then it’s more tricky.

i think 2p is definitely, with permit approval. The subsequent intention to drill should l send this upwards . i do bebieve they were also looking at other shallow drills , so could be quite interesting.