RMP on ice hence market cap back to cash backing.
Energy prices down now so guess we wont expect any new projects to kick in for a while.
Will probably drift lower in meantime and I probably will continue to add at sub cash backing in prep for next energy cycle I guess.
Is very tight for oilco and has a history of volatile share movements when in action.
Its day will come again.
Just keep the overheads to a minimum boys.
Maybe even a haircut for the admin costs whilst nothing is happening.
RMP Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held