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RMP Red Emperor Resources Nl

0.76
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Red Emperor Resources Nl LSE:RMP London Ordinary Share AU000000RMP0 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.76 0.74 0.78 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Red Emperor Resources Nl Share Discussion Threads

Showing 17051 to 17075 of 21100 messages
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DateSubjectAuthorDiscuss
14/3/2016
16:45
Well still moving in the right direction.Plenty of cash.Options on assets and possibly more cash to come.
dyardley
10/3/2016
19:54
Barony we need volume and to get that we need news. I see this as a bargain at these levels
howie26
10/3/2016
19:16
Bloody ipad keyboard! I keep missing letters. Sorry!
barony
09/3/2016
21:55
Looks positive if the brokers are still buying
howie26
09/3/2016
09:31
Surely the purchase of 6.5M shares by our executive consultant - Tony King - should merit more than the paltr rise we have seen in the sp? Something must be going on and I will lok down the back of the couch to see if Incan buy more too. Maybe Georgia is coming to a close? After all that is one of the main things Mr. King consulted on.
barony
09/3/2016
07:21
Someone sees good value.Holding(s) in CompanyRed Emperor Resources NL (ASX | AIM: RMP) was informed on 8 March 2016 that following the purchase of 6,664,695 ordinary shares in the Company ("Ordinary Shares") at 2.2 cents per share between 7 January 2016 and 8 March 2016, Seventy Three Pty Limited now holds 29,311,642 Ordinary Shares, equating to 6.89 per cent of the Company's issued share capital.
dyardley
07/3/2016
18:17
I had a small top up today. This looks good for 1.4p before any news
howie26
07/3/2016
16:54
Nice break above 1.20. Looking good for more upside here
dyardley
07/3/2016
10:16
Moving up slowly and quietly...
dyardley
06/3/2016
18:57
Can't say I blame u. Anything under 1.30 is good value
howie26
06/3/2016
15:29
I can see how buying at the low of 0.85p a short while back, with the Share Price being more realistic at approx. 1.33p was a missed opportunity AND how some sort of outstanding News about a new prospect might boost things to somewhere between 2.5p and 4p (perhaps)... just nervous about the lack of Market appetite for this sort of Business generally in the current Climate, especially as I'm down already here.
I'm going to stick to identifying new Opportunities in other Sectors for now I think.

pottermagic2310
06/3/2016
11:39
Might move my holdings to 2 million shares tomorrow.
howie26
05/3/2016
16:23
Potter magic - yes we could have further write down on assets such as sc55 but that's a write down on the asset and will not impact the £6.4m in the bank. That figure is based on the Jan 2016 quarterly report
howie26
05/3/2016
12:34
Have you read the Quarterly Reports since early Summer last year?
£2.5m doesn't match those Reports at all... try £18m over 2 Periods.
£2.5m to one 3rd Party for one aspect of all work undertaken may well be the case... but that's not the whole Story as reported by the Company.
The Auditors definitely also reported a potential accounting flaw to the tune of approx. £4.5m related to 2014 year-end and no further accounting related News has resolved that concern, as far as I can see... so there could be a further £4.5m hit... who knows ?
My only point is that financially all may not be quite as it seems, based on the Company Data that I've been able to trackdown.

I'm already losing on this and wondering if it's doomed (as per the above observations) or worth a Gamble, as you and others suggest, on some sort of brilliant new News and a turnaround surfacing over this next 6 months ??
Thanks for your input... it all helps.

pottermagic2310
05/3/2016
09:20
Potter magic. It cost £2.5m to drill Hawkeye 1 which was only a third of the cash balance. The Rmp share price went to 5.5p. What do write downs have anything to do with it?? Puntland costs had to be written down on the balance sheet from historical cash spend. Why would Rmp need a fundraiser now with £6m in the bank? They burn cash at a rate of £100k a quarter that is probably one of the best on aim. Take note that between the uk and Aussie brokers they have loaded up with over 12% of the company, even Greg bandy has 3.5% of the company now. If anything it's time to load up at a share price below cash value, not an underpin you see much on a company where the sector is starting in recovery mode. The next roll of the dice will happen this year and, I am sure you will regret not getting in at these levels come year end
howie26
04/3/2016
21:11
I seem to recall it cost about 3x the current "War Chest" to drill "Hot Air" last Summer and there were unresolved concerns declared by the Auditors after that failed Drill relating to the previous full year Accounts that could write-off a further £4.5m. Taking into consideration any on-going Cash burn expected over the intervening Months, that perhaps explains why the Market Cap is only £4.5m ???... just enough to write-off a little poor Financial Accounting, if the Auditor's suspicions are proven right ?

In the worst case, despite the best of intentions, it's possible the next thing we might hear is that the Company is being wound-up OR pursuing another Fund-raiser which could dilute existing Shareholders massively - just one possibility of course ?

I stand to lose a little here and would love to see a turnaround but fear all or some of the above could be valid... let's see...

pottermagic2310
04/3/2016
18:51
The oil recovery looks back on. £6m cash is a massive war chest in a market that is skint
howie26
04/3/2016
18:40
As rrl and rmp are up about the same amount, I guess there must be some good news re Georgia sale.
barony
04/3/2016
17:25
Strong buy.Believe we may get something of interest in the not too distant future. The resource sector is picking up and we have over £6m in cash.
dyardley
04/3/2016
11:38
It's a complete Gamble right now... could be a long, lingering, quiet crawl to the Grave and all is lost, which is how this has now felt for many months... or a maybe a remote possibility of an "out-of-the-blue" turnaround and multi-bagger.

For me, the lack of any real Business Plan, no sign of any Business activity & complete lack of Company Comms suggests I have to expect to write this off as a total Loss...

pottermagic2310
04/3/2016
10:31
Well cash is above mkt value. Georgia has some value potentially on a sale, and I think they are still carried on a deal? It's been a while since I researched and bought some though.

There was also some very huge buying by some of the bigger shareholders after it last tanked.

Anyone have further details?

nick rubens
04/3/2016
09:59
With Oil/Gas exploration and production hit so badly by the current Global climate, I'm struggling to see how such a minnow with almost no funding can possibly find anything new, anywhere viable AND with such profound potential that the Company could remain viable any longer ?

It's valued at approx. 1/5th of last Summer's peak, when it had potential and threw everything at realising a relatively massive find and payday.

Surely that last venture was it's last chance, all things considered ?

pottermagic2310
04/3/2016
09:53
It's going to be a slow process with no sellers and hardly a buyer in sight... but yet we creep up.
dyardley
04/3/2016
08:31
MM's Definitely wanting stock ahead of something or filling an order for someone.
nick rubens
04/3/2016
07:14
Up on ASX. Using current exchange equates to bid 1.19p offer 1.3p.So even without a trade we should be up again.
dyardley
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