RMP 0.00% 1.7¢ red emperor resources nl

Phew - looking good, page-149

  1. 2,819 Posts.
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    Just the need for caution around these Tweets, one last week stated commercial oil had been hit, the reality when the RNS came was that up until that time they had struck no oil and plenty water.

    Consequently the share price dropped 50%, means it needs to gain 200% to get back to where it was. Even with confirmed oil shows now, the share price is still 20% off.

    Best source of drill info is from an ASX release, not social media.

    IMHO

    Cheers
 
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