The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Lat there are two defo's in life, you are born and you die
My guess is in the future we will get another fundraise because yes we have money at the moment to tide us over but should the forward plan be to drill Winx 2 in the next drilling season or drill in the Philippines after the 3D has been analysed then there will be a need for much more money. I think I'm going to sit on my substantial paper loss and wait for a fundraise to average down, fortunately my average is only 4p anyway so it will be easy to average down to a good level for the next phase of RMP's future.
to 1.6 I would run and go on holiday and lick my wounds Ive had 5 out of 6 duster in little over 6 month and it's getting painful now and the one that did come in AAOG well we know how far that went up hmmmmm
spike it seems as though you know my trading plan before I've even done it lol
Ask now at 6p
Well it looks like we should open up today thanks to buyers on the ASX last night and with no RNS today I hope for a strong blue day back up to around the 6p mark as FOMO kicks in.
What would you consider to be a successful result?
50ft?
80ft?
100ft?
150ft?
I believe we will get results from the wireline logging either Sunday night Australia or Monday Morning UK, more likely Sun night due to ASX reporting rules but lets see, fingers crossed it's what we all want and is positive. Good luck all
Pete - They actually did LWD so the Wireline Logging is to actually firm up what they believe they have already got, plus with the Wireline logging there are lots of other tools that can be used to bring up cuttings etc etc etc to find out in more detail what they have and give a much better idea for forward planning. With the fact they are giving 10 days for logging instead of the usual two days on a standard drill means on the final wireline logs you can be sure they are very solid results and will put them in a very good position to decide what the plan is going forward with regards to potential stimulation zones and then hopefully a successful flow test.
If the wireline results are positive which I think they will be as they will already have a good idea from LWD (I also think by now due to ASX reporting rules that if it was not thought to be successful we would have already found out but I could still be wrong) then the market will react very strongly because of the extra time taken for the wireline logs.
All just my opinion of course and I could be wrong but I have a very good feeling.
Are you actually watching the live price action???? it spiked down and then back up 5% in a matter of 10 minutes, yes on AIM that isn't a lot if you know what you're doing but for the punter that would have had close SL they would have been taken out. Also if you think that MM don't SL hunt you're in the wrong game mate.
For anyone that is away from their computer and just got stopped out on that I feel for you, I've been there before and cost me a lot after then a big bounce straight back up, mine was on a short spot gold trade when Russia invaded Ukraine.
Anyway fingers crossed during the day we can get through that wall at 6p and be in a good place ready for a potential life changing RNS Monday morning.
Has come in as a duffer today so we might see an influx of money from there today as people look to recoup their losses and chase the next dream.
I also think there will be a lot of people piling in today to take positions before the weekend incase we get news Sunday night / Monday morning. I'm expecting a blue day.
Will be interesting to see if this is being held back to let mates in before news in Aus or here at 7am. Normally it only takes two days to run wireline logging so I'm wondering if we might get initial results as they started yesterday??
It was NOT I repeat NOT from CO, if it was I would have probably sold already
No not CO lol - the guy genuinely called the Torrok before the news broke in AUS as I saw the post and called BS and it could have just been a bit of luck that it did come out a few hours later but if it is true we are in for an amazing re-rate. GLA I prey that it's true.
This guy called the last rise about 4 or 5hrs before the news dropped on the last rise. If and it's a big IF we could be in for one hell of a week.
Net pay 170-185 ft
Morgan added,
Morgan
@Leftrightboy
#RMP
Call with the man on the ground in a few hours - initial findings should be done
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I'm expecting a big blue day as people will want to take a position prior to the weekend incase we have news Monday morning, this is if we don't get news prior to that of initial from initial pass of the wireline logs.
My guess is we could get it in one go which could be in about a week and then another announcement of future plans ref stimulation plans a couple of days later.
Ben - Hi there, I'm in RMP and 88E using 88E as my safety against anything going wrong on winx. I'm not too read up on the FO other than knowing it should be completed sometime Q1 after it's extension, so was wondering if anyone has a ball park figure of what the FO deal could be worth to the SP discounting whats happening with Winx? I'm just thinking as I may end up taking my profit from RMP and moving all to 88E for the results and FO?
now so we could see a new wave of money coming in and another leg up.