Xank: Hello from Salisabury (England). I hold 1.1m RRL on AIM and have traded RMP. Looking to get back in this week as I see RMP as fantastic leverage in Georgia and (if it actually happens), Puntland.
Re: RMP listing on AIM, yes of course it will mean dilution of shares issued, but the value of the Company should not be affected (for now until this is spent on future drilling) as cash raised will be held in the bank, thus when valuing RMP, OPL would take this into account. Basically more shares will be issued, but this is equalised by inflow of cash. Obviously as this cash is spent on future drills, the 'value' of RMP will decrease (on paper). However, the prospect of success should cause the share price to go up in anticipation of success.
leycrjb: No, your RMP shares will not be 'tradeable' on AIM. You'll have to apply using the prospectus for RMP shares to be listed on AIM, or wait until trading begins and buy on the open market.
To date, it has been possible to trade RMP shares through brokers in London (TD Waterhouse for example) using a trading account that allows international trades, however due currency fluctuations etc., and limited Brokers, most people seem to have erred away from doing so.
The biggest attraction for us Poms is that once RMP is listed on AIM we can buy through an ISA account, thus any profits are tax free!
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1 | 38470 | 0.013 |
4 | 805611 | 0.012 |
1 | 300000 | 0.011 |
Price($) | Vol. | No. |
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