RMP 0.00% 1.7¢ red emperor resources nl

The scramble to get onto the register before those late November...

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  1. 8,280 Posts.
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    The scramble to get onto the register before those late November milestones are hit with an opportunistic 1m @ 5c bid in there...

    Over in the 88E thread (note we have 31.5% WI; they have 35% WI - so similar ownership); they're saying WINX-1 could be worth $400m if successful.

    $400m for RMP is almost $1 per share! 20x from here...

    Yesterday's presentation, specifically the last page outlines the pathway until the Feb 2019 spud.

    As we get closer & closer, this could, in my opinion, boom - big time!

    There are 2 milestones in November being:
    - "Final rig inspection mid-late November 2018"
    - "Main permit triggering final payment to Great Bear Petroleum expected by end of November 2018"


    Each of these milestones may be an exceptional re-rating event given the main prize (successfully drilled well with commercial flow rates) has a size of 400mmbbls

    This is all my opinion & shouldn't be taken as fact
    Last edited by Wise_One: 15/11/18
 
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