RMP isn't oversold at all. Even with the recent drop, it's still...

RMP isn't oversold at all. Even with the recent drop, it's still massively, massively overbought.

Doesn't 11p to 50p based on no actual oil strike tell you something? A nearly 500% rise when the only substantial news in that period was a funding announcement?

It was so obviously overvalued, and it's still overvalued now. It was 11p a while back. Maybe with the funding secured and the oil shows it could be worth about 15p as fair value now, but that's it.

If you were buying in at 40p+, or indeed, if you're buying in now, then I'm sorry, but shares just aren't for you. The idea is to sell low and buy high. In no sense could the recent 50p, or even the 30p RMP is at now, be called a 'low'.