RMP 0.00% 1.7¢ red emperor resources nl

A bet on Winx the Champion will be at Odds On , COS very high...

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  1. 1,359 Posts.
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    A bet on Winx the Champion will be at Odds On , COS very high .
    This drill was a Wildcat with the chance of failure much higher than the COS .

    However the Return vs Risk ratio was outstanding .
    I don't think that Management can be criticised for punting on this potentially Company making opportunity .
    Sure they hyped up expectations but it is their job to fill the coffers when the opportunities arrive , they should have just raised a bit more .

    Still drilling so there is still some hope that the well could be viable .
    Nothing unexpected has happened so far .
 
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Currently unlisted public company.

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