It is currently Wed Nov 14, 2018 12:35 pm

World Stocks

Red Emperor Resources

Money, Wonga, Dosh

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

Money, Wonga, Dosh

Post Wed Apr 25, 2012 10:19 pm

Well ladies and gents, can anybody think of a reason that would require us to raise finance at this time?

Personally I'm unsure of our financial position regarding future funding and heard a late sniff that we will be after a few more shekels!

Could it be for Shab north? Offshore? Georgia? (already funded for 2nd drill?) seismics ???? any other ideas?
nostradamus
 
Posts: 2
Joined: Apr 2012

Re: Money, Wonga, Dosh

Post Wed Apr 25, 2012 11:03 pm

Did you join today to spread the tweet started earlier by air chief marshal.
Or is it just one big coincidence?
IMO a placing now would be a massive buy signal as far as I am concerned.
Offshore farm in. Shabeel North or 3rd Georgia drill would do very nicely.
If there is a placing I expect a strong move up as it would signal a positive
S1result. No broker would place stock just ahead of news without being made
an insider. It's all about clients or rather commission.

regards Mike
verysensiblemike
 
Posts: 1574
Joined: Mar 2012

Re: Money, Wonga, Dosh

Post Wed Apr 25, 2012 11:11 pm

verysensiblemike wrote:
> Did you join today to spread the tweet started earlier by air chief
> marshal.
> Or is it just one big coincidence?
> IMO a placing now would be a massive buy signal as far as I am concerned.
> Offshore farm in. Shabeel North or 3rd Georgia drill would do very nicely.
> If there is a placing I expect a strong move up as it would signal a
> positive
> S1result. No broker would place stock just ahead of news without being made
> an insider. It's all about clients or rather commission.
>
> regards Mike


Hi Mike,

I joined today as I'd heard through a short chain about a possible fund raise and wondered what it may be for, I've no idea about a tweet and don't think that's where the info came from but as I said "a short chain" so secondhand, I have to agree with you, I also would view it as a positive to raise now.

regards nos
nostradamus
 
Posts: 2
Joined: Apr 2012

Re: Money, Wonga, Dosh

Post Thu Apr 26, 2012 12:49 am

Official...

Sydney - Thursday - April 26: (RWE Australian Business News) -
Red Emperor Resources NL (ASX:RMP) was placed in trading halt this
morning pending an announcement in relation to a capital raising.
ENDS rx
PommieBb
 
Posts: 36
Joined: Mar 2012
Location: Sydney

Re: Money, Wonga, Dosh

Post Thu Apr 26, 2012 1:02 am

Well done Nos
So word was out down under?

Care to speculate what the money is for
3rd Georgia well or Offshore spring to mind.

Regards mike
verysensiblemike
 
Posts: 1574
Joined: Mar 2012

Re: Money, Wonga, Dosh

Post Thu Apr 26, 2012 1:20 am

Yes good call Nos.

Will be interesting to see how much and at what price. Hopefully a good sign re Shabeel 1.

Mike - are they fully funded for 3D seismics in Georgia or just the first two drills based on Helium and 2D?

HKS
HKSeal
 
Posts: 457
Joined: Mar 2012
Location: Hong Kong Based

Who is online

Users browsing this forum: No registered users and 1 guest

Search

User Control Panel