Australia's largest stock trading and investment forum Australia's #1 stock forum

FME

Click for more information

0.00%

1.8¢ future metals nl

Another paid down ramper???

First 35 Last

Share
Profile

Follow
RussianRoolet

3,640 Posts.

225

01/08/18

13:59

Post #: 34670280
Share

Originally posted by BurnieBoy ↑

Russian Roolet - you need to step back and re-read the RMP presentation and other material. Yes the whole area has the potential for a multi-billion barrel oil recovery and this has occurred in nearby areas, BUT the target to be drilled early next year is a 400 million barrel target of which RMP is entitled to 31.5% or 126 million barrels.

The share price is probably not going significantly higher until we get closer to the drill date. Also you have to take into account that although RMP is stating that it is fully funded, if past history is anything to consider RMP is notorious for raising further funds prior to drilling taking place. This occurred both with Puntland and the Philippines, which is why the company has the current large cash balance.

A significant oil find will certainly be a game changer.

I purchased shares back in the Puntland days and topped up significantly when they were down around 1.5 to 2.0 cents. I am totally happy to sit back and see what happens next year. If the well is a success it will be great for all holders, but I can only repeat that there is a lot of water to go under the bridge before we see 10 cents plus.

Expand

Another paid down ramper???

RMP Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

Essential Energy conference: Streamlining approvals key to the green energy transition

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

There are more pages in this discussion • 18 more messages in this thread...

First 35 Last

Add FME (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $10.35M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	137147	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	510000	1

View Market Depth

No.	Vol.	Price($)
2	137147	0.018
1	301257	0.017
3	999889	0.015
3	532195	0.014
3	226189	0.013

Price($)	Vol.	No.
0.020	510000	1
0.022	1000000	1
0.023	346999	3
0.024	1033500	2
0.025	418666	1

Last trade - 16.12pm 18/09/2024 (20 minute delay)

FME (ASX) Chart

Day chart unavailable