RMP 0.00% 1.7¢ red emperor resources nl

I can only take this as a very positive development for the...

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. 8,280 Posts.
    lightbulb Created with Sketch. 358
    I can only take this as a very positive development for the following reasons

    1 - Drill bit would currently be around 4100ft (past Seabee; but not at Nanushuk yet)
    2 - Nanushuk is the primary target; Seabee the secondary
    3 - Given the drill is through Seabee; it must have encountered hydrocarbons which they're currently doing final numbers on & putting together the news - hence the TH

    Otherwise why would they place in to a TH when the drill hasn't even started to go through the primary target.

    If there was nothing in Seabee; then they carry on drilling & trading until they approach Nanushuk; being the primary target.

    I don't see any other scenario making sense...

    All will be revealed very soon; but this is how I read it.
 
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.