Red Emperor Resources Nl Share Discussion Threads

[jungmana] 12/3/2019 23:14

Plugged and abandoned. Bad news

[noirua] 12/3/2019 23:08

ASX:RMP
WINX-1 Drilling Update
Just posted for a matter of interest - OTTO ENERGY 13 March 2019

[roy keane] 12/3/2019 22:51

Jonny u owe me apology,

[roy keane] 12/3/2019 22:49

Rns out, not good. 0.6p here we come

[traderbus] 12/3/2019 22:20

Thanks for those insights Oilisgold, thats helpful! But a question for you IF we are to receive good news. Why do you pick between 10-12p, is that where you think this will open? Im a little confused. Surely over time wont the share price hit the likes of 50p, £1? Why did GKP go from 9p to 127p very quickly, but yet your stating 12p? Its not a criticism, I take your valuable trading knowledge and time spent in Oil and wondered what timelines are likely to be for a newbie share like this to gain serious momentum and how does it happen?

[roy keane] 12/3/2019 22:13

Next rns really important, rather play it safe.It is not certain, ask cronus1 operators.

[roy keane] 12/3/2019 21:19

I dont see this falling much further, its all about the wirelogs, if they are bad then 0.6p.If wirelogs give confirmation then we can see 8p.Lambert is playing this cool, he is not sure.

[oilisgold] 12/3/2019 20:57

Thats was for placing . News i always suspected Wednesday. Placing folliwed by news but no placing, so assumption now is they must know good news. AIM you need to be carefull. I am staying up untill ASX opens as need to set alarm for morning to adjust my positions. Bloody hate it when this happens.

[mms98] 12/3/2019 20:39

Oilisgold, thanks for your honesty, You have gone up in my estimation.I detested your shorting posts but each to their own. It did give balance to the millionaire dreamers and I agree with your slightly more than 50:50 post, anyway Good luck to all. Lets hope all holders and future non shorters do very well.

[ammu12] 12/3/2019 20:36

Yup you keep saying that you are bound to get right sometime lol. I thought news was coming Monday then Tuesday and now Wednesday

[oilisgold] 12/3/2019 20:29

Not desperate at all. If you know my trading history, you should know i always hedge my positions. Trading is an Art. Looks like update coming tomarrow as normally historically its always around day 7.

[ammu12] 12/3/2019 19:18

I see oilsgold doing overtime. Must be getting desperate to close that short lol

[oilisgold] 12/3/2019 19:17

Keane, how are you tradibg this? Are you looking at risk vs reward? 0.6p isnt possible unless you have inside knowledge of an imminent collapse. 1.5p is approximately right on a rapid decline before a recovery to about 3p. Thay is risk play . Reward on other side is approximately 13p with a trading range of 10 to 12p on positive RNS.

[roy keane] 12/3/2019 19:03

JungamaNot 1.5p but 0.6p.Yes

[oilisgold] 12/3/2019 18:46

Its very easy to trade AIM shares if you have a mindset of not to get too greedy. 10 to 20% over the course of a year will net you in excess of 20k profit on 10k investment easily.

[oilisgold] 12/3/2019 18:43

Trading AIM is an art. If you are not carefull your capital can evaporate in a blink of eye. RMP has attracted many novice investors that think share price will increase everyday, and on a red day like a flock of lambs run towards the exit. Timing is all important in AIM and especially oil shares. I been trading oil shares for decades and hardly get caught pants down. Clues were in the RNS and hence it was no brainer the direction share price will take after that spike to 52 week high. Novice investors would think yep 10p soon, but the ones that were in AIM for years would know 52 week high is always tough resistance to break. With 10days timeline already given and 52 week high already hit , its normally best to bank profits. Positions are normally taken after day 6 and some even go down to the wire. Short positions also get closed from now on. Study and learn chaps.

[jungmana] 12/3/2019 18:38

Am still here with 140k shares. Is either 20p or 1.5p