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A new RMP post !

(ASX & AIM: RMP)
Informed Discussion. No ramping. No deramping.

A new RMP post !

Post Thu Apr 28, 2016 10:05 am

Just had a look at last 1/2 year accounts

Shares in issue 425,292,776
Cash in Bank 12,250,000

Virtually no liabilities, written off their value of £3m in Georgia

So cash per share is 2.88p
Share value today is circa 1.32p

What am I missing here ???
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Loadsamoney
 
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Joined: Mar 2012

Re: A new RMP post !

Post Thu Apr 28, 2016 1:33 pm

Loadsamoney wrote:
> Just had a look at last 1/2 year accounts
>
> Shares in issue 425,292,776
> Cash in Bank 12,250,000
>
> Virtually no liabilities, written off their value of £3m in Georgia
>
> So cash per share is 2.88p
> Share value today is circa 1.32p
>
> What am I missing here ???

Loadsa,
Cash is in A$ not £....so approx. £6.3m = c. 1.48p
wonkeydonkey7
 
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Re: A new RMP post !

Post Thu Apr 28, 2016 3:18 pm

cheers wonk

and congrats on your 1st post in 4 years........Oma you are not LOL
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Loadsamoney
 
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Re: A new RMP post !

Post Thu Apr 28, 2016 6:02 pm

Loadsa the management have been buying shares in rmp lately via different vehicles and they have cash in bank. They have increased stake in Phillipines play following OEL announcing it was getting out to concentrate on other assets better placed and fitting with their new strategy.

Phillipines is a big play and potentially huge especially for gas but will take a lot of dosh to drill and develop, rumour is bandy having acquired a bigger share of licence is looking to farm out to bigger player so that rmp gets free carry and then will likely also run another placing to cover his arse and ensure he still lives for another, as well as looking to pick up another asset on the cheap.

Therefore it's thought it's likely rmp will be pumped soon, how big and when is the question !
FUBAR@Birth
 
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Re: A new RMP post !

Post Thu Apr 28, 2016 6:26 pm

Thanks Fubs

At least I see they have written Georgia down to a zero value now

Just keeping an eye on it at the moment but need some pennies back for Range push in bopd in 2H this year
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Loadsamoney
 
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