"You are completely downramping trying to keep the SP low to continue accumulation"
False, I bought 85000 RMP shares from 2 accounts, some at 4.5c and some at 4.7c, I am not buying any more.
The nearest Nanushuk comparison we have is from the Oil Search deal with Armstrong.
The acquisition payment of US$400 million represents a compelling, low cost entry, made at
an attractive time in the commodity cycle. The purchase price equates to US$3.1 per barrel,
with potential resource upside reducing the cost to US$1.3 per barrel. This compares very
favourably with global acquisition benchmark.
The above numbers are based on the 12 proven drills into the proven fairway. It was made at an attractive time in the commodity cycle, however Armstrong were smart enough to tie up Oil Search on future Laniappe/Armstrong deals.
There is no way the Consortium Partners can expect anywhere near $3.00 at this early stage of one drill.
More than happy to read anything you post but expect others to rebut when it's clearly a blatant ramp.
Post your links to support your posts.
Cheers
RMP Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
