RMP 0.00% 1.7¢ red emperor resources nl

Totally different scenario to RMP with good fundamentals...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 650 Posts.
    lightbulb Created with Sketch. 144
    Totally different scenario to RMP with good fundamentals (Lightning) and the potential to generate income in the relatively near future. OEL had a much smaller % in the project hence the small movements in SP leading into the drill. RMP only had one iron in the fire but the real estate still has some value hence speculators buying in at the low levels... The operator (88E) and its partners will not just walk away they will revisit the acreage with renewed optimism and either plan further drills or look to sell as a job lot. Of course they will need additional cash to do so should they opt to drill again.

    All is not lost long term but the short term looks very ordinary to say the least.

    Good Luck All
 
watchlist Created with Sketch. Add RMP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.