Red Emperor Resources Nl Share Discussion Threads

[fillipe] 24/9/2018 23:55

Oz seems to always be ahead of us with the upticks.

f

[barony] 19/9/2018 09:43

Inexorable seems to be the word for daily rises.

[barony] 17/9/2018 10:12

Looking more and more like a real, working company. What a difference this year. Can’t wait for our Phillipine and Alaskan ventures to bear fruit.

[barony] 16/9/2018 08:38

Great when do get back to nearly 50p! (Near ipo.)

[barony] 16/9/2018 08:34

Thanks for that link Burtond1.

[burtond1] 14/9/2018 13:34

Shares in Red Emperor Resources have risen from 1.83p to 3p since our coverage in June. Here, we look at the updates #RMP has released since announcing the deal & ask whether its current bull run, which has seen shares leap 114% since January,can continuehttps://total-market-solutions.com/2018/09/14/the-rising-of-red-emperor/

[dcarn] 14/9/2018 09:43

Well I bought some more today, was just waiting for a divi payment.

First bought in three years ago on a tip and really thought it was dead money but this upcoming drill is interesting.

Very positive on all things oil, its only going one way as reserves need to be replenished and two / three years of no exploration.

[barony] 14/9/2018 09:19

Wow! I hope we see this steady growth every day!

[officerdigby] 12/9/2018 09:01

Just don't wait for the water this time!!

[beastman] 11/9/2018 23:30

Good posts and I hope people are right, I have held RMP for many years and my only caution is the history of the company is not good. I still hold but must admit I have tried to sell into any strength of the share price, still have a token number of shares of approx 100k and am willing to see what happens with the latest venture, good luck all.

[richardjohn10] 11/9/2018 21:03

HiNew to the board. Noticed RMP today. Can someone tell me when they are drilling and are they fully funded or is dilution probable? Thanks

[cashandcard] 11/9/2018 11:18

phoebusav,


Very good points well made. I would also say folk need to wake up to the fact Armstrong went hunting previous oil discoveries that were made decades ago and better defining them to eventually spot the trend and endup with the Horse-shoe discovery and play they have opened up.


RMP have also got a discovery on the license they are about to drill, Itallik 1, which had logged oil shows. Very important as its derisks the license massively.


Cash

[phoebusav] 11/9/2018 11:12

10c is way too low. Some drillers hit market caps of well over 100p per barrel in the run up to TD. At Verbier JOG was targeting 21.1 MMB net with 29% COS. Its market cap reached £33.5M, which equates to a price per barrel of 159p unrisked or 548p risked. RMP's drill has a similar COS to Verbier, but is 6 times bigger on a net barrels basis. RMP's drill is also onshore and RMP has a bigger cash pile than JOG did at the time it drilled Verbier.

Given that RMP's drill is onshore near very large discoveries on a prolific oil trend, and has a COS of 25-30% should push the valuation per barrel pre result towards the high end. If we assume $5/B in the success case and risk this at 25% that give a valuation per barrel of 96p/B pre result, which for 126MMB net share implies a speculative valuation of £120M or 28p/share. Even if it only achieves half of this multiplier that will still be a huge increase in share price

The history and liquidity of RMP makes a strong rerate even more likely IMO. After years of doing nothing RMP was unloved and ignored resulting in thinly traded share with a huge spread sat at a massive discount to net current assets. The sudden injection of a really exiting operational catalyst transformed the outlook in an instant. This is the perfect recipe for a sustained rerate and major short squeeze. So far the MMs have done a good job controlling the pace of the rerate, but if there is any sustained buying the share price should squeeze higher very quickly. Yesterday I could sell around £50K in one go, which suggest the MMs are keen to get stock as they expect the share price to move significantly higher. GLA

[barony] 11/9/2018 08:21

Climb those stairs!

[gozo] 10/9/2018 16:31

Looks like licensing news could be imminent.

[shafaq] 07/9/2018 14:33

Yes pre -spud.Over 100mbo net to rmp and mc now £12m.Surely should be much much higher and next to the biggest oil find in Alaska.

[qs99] 07/9/2018 14:05

thanks barony....will do....looks like it could push 5p soon with this momentum DYOR

[flyinggogo] 07/9/2018 14:01

Currently hold 1,080,000 @ 3.5p. Is your target of 8-10p pre-spud?

[shafaq] 07/9/2018 13:54

Took a sizable stake here last few days.Looking to buy a million and have so far bought 450k @ 2.9.Looking for at least 8-10p or £30m+ mc.

[fillipe] 07/9/2018 09:47

RMP up again in UK.

Oz share price up and UK share price further assisted by AUS$ stronger.

f

[barony] 05/9/2018 09:12

Listen to the podcast mentioned in 17127. Exciting stuff.