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World Stocks

Red Emperor Resources

Western Australia?

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

Western Australia?

Post Thu Apr 12, 2012 9:20 am

What is going on??

Red Emperor Resources NL (ASX: RMP | AIM: RMP) is a natural resources
exploration company with interests in the frontier state of Puntland, Somalia,
the Republic of Georgia and Western Australia.
Robertsy
 
Posts: 47
Joined: Mar 2012

Re: Western Australia?

Post Thu Apr 12, 2012 9:25 am

Okay panic over. Nothing new, I actually saw it before but forgot all about it with all the punty hype !

From annual report.

The Company also has a 25% interest in the Jillewarra Project free carried until bankable feasibility study, which is a copper and gold project in Western Australia. The Company does not intend to focus on this project at this stage.
Robertsy
 
Posts: 47
Joined: Mar 2012

Re: Western Australia?

Post Thu Apr 12, 2012 9:54 am

Thought they had gotten rid of Jillewara?

SS
Swiss_Saint
 
Posts: 82
Joined: Mar 2012

Re: Western Australia?

Post Thu Apr 12, 2012 10:06 am

Yep thought they had , on iii check the news release from 31-jan-2012

During the quarter the company was advised by its JV partner, Cazaly Resources
that Maxtrix Metals had not exercised their option to proceed with drilling the
Jillewarra Project. As a result of the obligation to spend money on the project
reverting back to Red Emperor, it decided to relinquished its rights and as a
result, all obligations with respect to the Jillewarra Project.

SS
Swiss_Saint
 
Posts: 82
Joined: Mar 2012

Re: Western Australia?

Post Thu Apr 12, 2012 11:00 am

I thought Jillewara was gone too.
I have tried emailing the company for a bit of clarification but they have bounced back a few times. Probably an error but it would be good to know for definite.
Trappist39
 
Posts: 287
Joined: Mar 2012

Re: Western Australia?

Post Thu Apr 12, 2012 11:16 am

No need to ask them it is no longer on their website and has been confirmed as gone by RNS see my post below.

So What Western Australia is is a mystery???

SS
Swiss_Saint
 
Posts: 82
Joined: Mar 2012

Re: Western Australia?

Post Fri Apr 13, 2012 12:09 am

Tangiers Petroleum, Morocco and Western Australia off shore? Or is that a Range investment only?
peds
 
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Joined: Mar 2012

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