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

good reply spinefx.If you have time take a look at the 88e...

First 74 Last

Share
Profile

Follow
verysensiblemike

134 Posts.

4

15/02/19

11:42

Post #: 37448177
Share

Originally posted by spinefx: ↑

I don't doubt the potential of the 400 mmbls at Winx.

I also agree it's a great opportunity for all of the Consortium Partners.

Horseshoe was a 20 step out, within the trend. Winx is on the very edge of the Nanushuk where the Torok pinches it off. Winx needs to have an effective seal at this point. That's the risk, no seal on the fringe.

What erks me is rampant speculation of the valuations thrown about of Winx. $5, $10, $13 per barrel. There have been no deals I can find that have applied these values.

The market will decide value in the short term and should another party decide to move on the leases should Winx be a success, they will apply their value.

But to be constantly promoting a Billion Barrels and MC's of $500 mill is ludicrous at this early stage of one pending drill.

I call it being realistic some prefer to label that as down ramping.

Cheers happy Friday.

Expand

good reply spinefx.
If you have time take a look at the 88e presentation on 88energy.com
Lot of technical detail. let us know what you think.

RMP Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

MTM

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

OCN

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

Chaos reigns markets – so let's take stock of where we're at ahead of December

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

SHN

Chimeric clocks $4.17M R&D tax rebate from Canberra

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 64 more messages in this thread...

First 74 Last

Add RMP (ASX) to my watchlist