I am trying to figure out what type of asset the company are after I.e exploration, production or appraisal. Looking at he last few quarterly reports, it highlights a greater focus on diversification. With circa 11.7m Aussie dollars in cash, limited overheads and cash burn, Rmp could end up being a very interesting proposition. I am keen to see the divestment of Georgia block via, which will give more funds and greater flexibility for the company.
RMP Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held