RMP 0.00% 1.7¢ red emperor resources nl

i wonder why the market does not use the $3 paid as a benchmark....

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  1. 2,994 Posts.
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    i wonder why the market does not use the $3 paid as a benchmark. note, that rate was for undiscovered oil... and if the market took that into account, RMP would be at $360million valuation today.
    if there is a successful find, that should result in multiples of that value not including the higher price of oil today. anyway, back to waiting it out. we can't pump this - just have to let the drill bit and market decide

 
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