I agree the upside potential for RMP looks good.
But the risk and chance of success is the same for all parties, the reward is proportional.
Should the drill fail to produce oil, the downside for RMP is huge as the Philippines looks to be on hold, not so much for Otto who are an oil producer and 88e have other projects on the go.
The MC is $20 mil for a reason not because the market has missed $100 mill of value.
Cheers
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.50M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 729044 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 621857 | 2 |
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| Last trade - 10.02am 20/08/2024 (20 minute delay) ? |
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