We are now getting to the business end of the drill where potential oil shows (from SeaBee) are a matter of single days away
A degree of FOMO should start to kick in to the Aussie market and I dare say we will begin trading at a premium to our UK counterparts because any major announcements I expect to be announced in the UK first.
This is for 2 reasons - 1 being that the close of business in Alaska lines up better with London trading hours & 2 being the UK is the primary market for RMP by way of volume traded & hence interest.
Any major news in to the UK market should cause a huge rally & the Aussie market will majorly gap up the next day (by the market makers) to play catch up.
Hence the FOMO down here to get set before a UK announcement.
RMP Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held