Australia's largest stock trading and investment forum Australia's #1 stock forum

RMP

Click for more information

0.00%

1.7¢ red emperor resources nl

Ann: Execution of Drilling Contract, page-4

First 4 Last

Share
Profile

Follow
cara

12,496 Posts.

57

05/05/15

19:00

Post #: 15222313
Share

Originally posted by kozzie ↑

i had a quick look myself but did nothing for now. yes they have 12mill but after this drill say they'll have 6.5 left. offshore drilling is bluddy expensive so unless they get another deal like they have for this drill then i reckon they'll need to front up with more cash. if this ones a duster i reckon a c/r may well be required for the next lot of drilling they do. they said they have 9 potential drill sites or something??? how they going to fund it?
anyway just what i took from a quick glance. def short term could be a quick buck though.

imo dyor

Expand

Had a look but i think OEL stacks up better..
OEL 1.1 B shares on issue RMP .33 B shares on issue
Hawkeye OEL minimum % 60 RMP maximum % 15
Cash Oel approx $125m aus Rmp $12m aus
Other interests hard to value, but if rated as equal Oel wins on the above with no sign of dilution in the near term even if Hawkeye is a duster.

Last edited by cara: 05/05/15

RMP Price at posting: 5.1¢ Sentiment: Buy Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 12 more messages in this thread...

First 4 Last

Add RMP (ASX) to my watchlist