Smartinvestor, The last two RNS's have been ambiguous. Coincidence? I don't think so. Compare the last RNS to the penultimate one and it seems we have gone backwards re: TT.
Rmp's costs are capped at $5.6m. However, I'm sure they would have a say in wether the drilling should continue or not. After all its not going to cost them any more money. I think the reason why they are doing the additional tests to see if it is an intrusion or the basement is to:- 1) Find out more information to either back up the continuation of drilling or not. 2) We have reached a stage in the proceedings were because of the leverage, RMP will insist on no stones being left unturned before a duster is announced. This will buy RMP the time to raise funds on the back of Puntland spudding. On the assumption that Puntland Spudding will give the RMP SP a big boost of course. I have read somewhere that PL and co hold shares in RMP so it would be in their interests as well.
I was under the impression that RRL were the operators, but in the latest RNS it states that Strait are the operators. Could it be that they are passing the buck? If so, why?
"Other such discoveries", is this a hint? Is it PL playing with words? Will we get a reasonable answer as to why those words were used if this ends up as a duster? One thing is for sure this RNS has thrown up more questions than it has answered. I am nursing a hefty paper loss at the moment and I will await the result of these new tests with baited breath.
Do you think that AOI/Horn will keep to their word this time and spud before the date they have given of 11th November?
RRS Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held