FME 5.00% 1.9¢ future metals nl

Yep, BOR had a 5x higher market cap. But RMP only owns 20% of...

  1. 478 Posts.
    Yep, BOR had a 5x higher market cap. But RMP only owns 20% of the asset that's been drilled, so, prospect for prospect, RMP and BOR are valued at about the same by the market (pre-fall on BOR).

    And BOR was clearly overvalued with massive private investor expectation priced in. Doesn't that make you guys think RMP might be the same.

    And a rise from 11p to 50p (based on no concrete results) then a fall to 35p doesn't mean it isn't overvalued. You've got to look at where it was before drilling started. Since the drilling began, has RMP had news to warrant this sudden price appreciation? A 300% rise based on what exactly? Some 'oil shows' (note: most wells with oil shows are still not commercial) and a capital raising? Give me a break, 300% clearly isn't justified on that kind of news.

    BOR rose nearly 100% pre-results, whereas RMP has risen 300%. That should give you an idea of the kind of expectation that has been priced in here. Anything less than 'we've hit 4 billion barrels, and also have strong indications that the whole of Dharoor is commercial with 20 billion barrels' is going to lead to a drop IMO. An 'average' oil result of 500m-1bn barrels, or even worse, a gas discovery, will see this fall IMO. It's been pumped up to the extent that only a top notch result will sustain the price where it currently is or increase it.

 
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1.9¢
Change
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Mkt cap ! $10.87M
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2.0¢ 2.0¢ 1.9¢ $28.09K 1.433M

Buyers (Bids)

No. Vol. Price($)
1 25000 1.9¢
 

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Price($) Vol. No.
2.1¢ 100000 1
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