Red Emperor Resources Nl Share Discussion Threads

[apfindley] 17/8/2015 16:24

Lot of selling into the close

[datait] 17/8/2015 16:24

GOING UNDER 1P NOW

[lorn4] 17/8/2015 16:17

And your interest here is?

[apfindley] 17/8/2015 16:04

LornYou say thatBUT, the rampers and pumpers at the end last week, claimed that this was the be all and end all for rmp.This one drill they said was going to see miracle share prices of 100p.So now it's the opposite, it doesn't really matter???! Are you for real?You can't have it both ways. It clearly does matter as the price has just dropped 60%.This could've Been the bread and butter cash generator to fund exploration of other assets....but that isn't going to happen now.

[datait] 17/8/2015 15:42

Its funny how market makers will take what every shares you have eh lol no problem just overdone.

IN DATAIT WE TRUST

[lorn4] 17/8/2015 15:39

massive over-reaction here for a 15% farm in.

[apfindley] 17/8/2015 15:34

Yes those rampers with their LIES. Mates in the know etc And some mugs believed it all.And now you've seen a collapse from 5p down to 1.2pAnd it's still falling.We were told earlier today that it had bottomed, but it's still finding new lows.

[induna123] 17/8/2015 15:33

The thing is there's always another set of mug punters ready to gamble their cash. I'd imagine they'd get another placing out at 1p.

[pete_bain] 17/8/2015 15:24

As I said on Friday. Red emperors new clothes.....All the rampers should be crucified.

[thehitman1] 17/8/2015 15:22

almost 3:30pm.

thehitman1 17 Aug'15 - 14:08 - 16684 of 16686 0 0 edit


ok



DATAIT 17 Aug'15 - 13:14 - 16678 of 16683 0 0


Watch as this moves up into the afternoon.

[officerdigby] 17/8/2015 15:01

Probably to do another drill on the license.

That's what they do fund raise then spend to drill.
SP goes up in expectation (of course dependent on the dilution).

Then you get results failure/success etc.

Albeit that timescales of the above might be over years.

Generally expect drift whilst wait for new plan/cycle.

Nothing more sinister than that IMO. Don't think the pumping and the dumping does that much, just adds a little bit of fizz share price swings.

You could of course read the website or the RNS's and work it out.

[apfindley] 17/8/2015 14:46

Looks like it's going down again.Lot of selling at the bid.And what's this talk of a fundraising?

[thehitman1] 17/8/2015 14:08

ok



DATAIT 17 Aug'15 - 13:14 - 16678 of 16683 0 0


Watch as this moves up into the afternoon.

[papillon] 17/8/2015 14:06

Red Emperor Resources: why these stocks should be avoided

By Ben Turney | Monday 17 August 2015

This morning, Red Emperor Resources (RMP) announced that the Hawkeye-1 exploration well, offshore in the Philippines, has failed. The company’s share price is down 60%, as of writing. Once again private investors on AIM have suffered horrific losses at the hands of a pure play oil exploration company. This further calls into question the appropriateness of listing such shares on the market.

The track record of pure play oil exploration stocks on AIM is horrendous. When Grant Thornton completed its report, extolling the virtues of AIM on its twentieth birthday, perhaps it should have dedicated a little time to examining the wanton capital destruction experienced across this sector. Of course, the truth doesn’t sit comfortably with the spin, but this form of financially suicidal gambling can’t be positive for the economy.

The problem with putting money into companies like Red Emperor is the odds are so heavily stacked against a genuine favourable outcome. True geological chances of success are invariably much lower than the forecast estimates of “independent” competent persons. Even if a company is lucky enough to strike oil, the process of commercialisation is long, costly and well out of the reach of a small listed stock, with a low market cap and in constant need of dilutive funding. When WTI and Brent were both trading well north of $100/barrel, it was hard enough to bring the few successful projects through to fruition, but what chance is there now, with both trading sub $50/barrel?

And I haven’t even mentioned the number of “colourfulR21; characters who inhabit this market place, for whom the rules are a mere inconvenience, to be trampled over at will.

The only people who get rich in the small cap oil exploration sector are the paper salesman, promoting whatever the latest pipedream is, and their fee-hungry corporate advisors.

Yet despite all of this, British private investors still seem to fall over themselves to throw money at stocks, which they are almost guaranteed to lose on.

In this respect, I have a little sympathy for Red Emperor this morning. Although I’ve been a strong critic of the company in the past, it has done what its shareholders wanted. Having sat on its post-Puntland cash pile for so long, the company farmed into Otto Energy Philippines to take a 15% stake in Block SC55 on 2 March. Block SC55 hosts the now plugged and abandoned Hawkeye-1 well and Red Emperor’s entry into this licence saw the shares rise from 2.2p to an intraday high of 5.5p, earlier this summer. This valued the company at £23.4million, which was barmy by any sound or rationale measure, but a segment of the market got what it demanded.

As with the Horse Hill hype earlier this summer, the only lesson to take away from such persistent failure is to avoid oil exploration stocks, which have already risen strongly, like the plague. In fact, better yet, it’s probably best to avoid them full stop.

At 1.29p, Red Emperor is now trading at less than its post-drill cash value of £5.5million. Shareholders might take some comfort from this, but the reality is this figure is largely meaningless if the company decides to pursue another oil riches fantasy. Red Emperor mentioned today the Cinco target in Block SC55, so it looks like that is the direction it is heading in. Whether this will be enough to stimulate future interest in the shares is debatable, but it would be a wild gamble to bet on this.

[cashandcard] 17/8/2015 13:58

Folks,

I have communicated with GB is the past - groundhog day would be an understatement with regards to pace of operations here. They come once in 3years. If you really want to see some of your money back, encourage GB to spend some of that $12mln on buying actual production that delivers cashflow to the coffers. The alternative is to watch it slowly burn away and see no meaningful payback, then get hit by a placing.


Cash

[induna123] 17/8/2015 13:57

Were at cash levels but how far can they go with £5m?

Surely a fund raising is inevitable?

[induna123] 17/8/2015 13:55

Everybody keep buying and make daitat rich lol

[apfindley] 17/8/2015 13:42

Datait You bought in then?

[datait] 17/8/2015 13:14

Watch as this moves up into the afternoon.

[apfindley] 17/8/2015 12:53

IRG is still the one to have a punt on.It's definately bottomed out, on a longer term chart than your 4 hour rmp chart bottom.IRG offers massive upside and the mm's know is as they are allowing large sell quantities at near to the ask, but will not sell many back to you.They are accumulating IRG as they're expecting a massive rerating.

[apfindley] 17/8/2015 12:49

Bottomed??Yeah sounds right lol.When you mean is, it's still making new lows as the day drags on.Could see sub-1p by end of the week.

[dodge city] 17/8/2015 12:26

Ha ha ha ha ha

[datait] 17/8/2015 12:21

we have lift off folks

[wantmorethan24p] 17/8/2015 12:12

YOU FORGOT ABOUT BOWLEVEN(backed by cash and discoveries)

fenseal3
17 Aug'15 - 10:25 - 16664 of 16671 1 1

Safer bets out there, OCT, KIBO, IRG, EUA, SML, OS