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See RNS - experienced former small cap fund manager at ML is building a stake here. Now up to 6%. Chart looks primed for break north beyond recent high of 80. No brainer in terms of its current p/e
News after hours on Friday that DAMAC are planning a counter bid. Story here about to get tasty... watch it on Monday.
i suspect we're going to see them raising their stake in nta
...should be coming soon. this stock is back in favour. chart showing a pennant forming, ready for the next flagpoll. 30p shouldn't be too far off.
... on the market... been in and out since 9p and now holding on for the next big rise... chart looks fab. at this rate i'll be able to retire early, and foresake the M&S sandwiches for lunch and employ a personal sushi chef.
hope nobody got fooled by the shakedown on low volume... the mms still want your shares. this one has a long way to go yet!
we have a seller at 26 whose shares are being snapped up... when that seller goes, the buyers, of which there are many will be forced to pay more, and it will rise. when it goes, i think it will move up 4-5p fairly quickly
marketmakers desperate for stock here. suggests big order being filled. only 4m shares out there that they can get their hands on... and of those, not many readily available. you will only be able to buy small amounts, but if you want my advice, get what you can. these are going much higher, market cap 8.7m? don't make me laugh!
... once it cracks 17p, not much resistance to 30-40p
be sure to read the feature in today's Sunday Times. This could be one of the biggest investment stories of the year.
great summary of the company's vast potention, and the turnaround story worked by remp
... out there right now... why on earth anyone would put their hard-earned in this pile of doo is beyond me... check out jrvs, uniq, mec, the housebuilders.... but this...?
if you are throwing your money at this dead dog you really are living up to your name
partnership with biggest wind energy producer in portugal - yet another massive coup.
imho. look at the chart, forming those higher lows. if it closes above 52p today or thereabouts that's further confirmation of the golden cross which formed earlier in the year. nobody selling market makers competing for stock in short supply we know ros are due to start doing the rounds of the institutions. everything looking very very good here. dyor for why the story behind this co makes it such a gem.
should be scheduled for the next few weeks...
...However, Ramco suffered disastrous losses after it reinvested the proceeds from the sale of its ACG stake in the Seven Heads project in the Celtic Sea. Output plunged soon after the field went onstream in December 2003. In May 2006, the company was on the brink of administration after the courts stopped directors selling assets. This was in connection with a legal dispute in the US, which it eventually won. Remp had surgery for cancer in 2004. Directors reinvented Ramco as an energy investment company and teamed up with Redman's Midmar vehicle to form MPC in 2005. Ramco also has exploration interests in Europe and a renewable energy business. This was recently appointed preferred bidder to develop wind farms in two areas off Scotland with venture partners. Ramco shares closed up 16.75p at 58.75p, giving it a market capitalisation of £27m. Shares traded at 13p in May 2006. The new venture is called Iraqi Oil Services Company. Iraq owns 51% while MPC has 49%. Ramco owns 32.66% of MPC. Redman joined BP as a drilling engineer in 1955 and gained extensive experience in the Middle East and many other regions. Midmar operates onshore fields in southern England.
Yesterday, he said he and his colleagues were elated to get the deal done, after lengthy negotiations. Steve Remp, who founded Ramco and who is chairman of MPC, said: "(The venture) will combine Iraqi talent with the latest in internationally proven drilling equipment, techniques and project management skills." Oil Minister Hussain al-Shahristani and Remp signed the venture agreement in Baghdad. Early indications are that the arrangement may be worth millions of dollars annually to MPC. With oil fetching around $45 a barrel currently compared with a peak of $147 reached in July, Iraq is anxious to boost production from its vast reserves. The country needs to maximise revenues from assets to help it repair the damage caused by years of conflict. Delays in signing a new national oil law have held up efforts to explore for new fields. "The joint venture will start immediately after we sign because we have a business plan to get on with," Yassiri said. Iraqi authorities hope the wells drilled with MPC will help boost output by 120,000 barrels daily. Longer-term, Ramco hopes to develop new fields with Western oil companies. The deal provides another eye-catching example of success against the odds for Remp and Ramco. Ramco made its name in the 1990s with a stake in the huge ACG fields in Azerbaijan, where it was one of the first Western players to invest following the break up of the Soviet Union.
a small taste of the mass of media coverage this is generating (in wall street journal and ft in last couple of days) - this from the herald... Shares in Ramco Energy surged 40% after the Scottish oil and gas minnow confirmed it had won a lucrative deal to help boost production in conflict-ravaged Iraq. In a coup for Ramco, the Mesopotamia Petroleum (MPC) venture it founded with drilling specialist Peter Redman has been appointed to drill 60 wells annually with the Iraqi Drilling Company. This is the first joint venture agreed between the Iraqi oil ministry and a foreign oil services company since the fall of Saddam Hussein in 2003. advertisement It is hoped that drilling will start this year around Basra. The city is the country's main oil hub but large areas of it have been left in ruins by the activities of militias. While security has improved in recent months, violence is a daily reality. Against that backdrop, the pioneering nature of the venture was acknowledged by the head of the state-owned drilling company, Idrees as-Yassiri. Asked why the British firm was chosen, Yassiri said: "They were the most persistent. And they were most courageous, willing to come to Iraq while other companies are still hesitating. They most deserved to be given the job." Steven Bertram, managing director of Aberdeen-based Ramco, recently told The Herald that there would be significant costs involved in ensuring ex-pat workers were secure. Yesterday, h