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Red Emperor Resources

Breakout ?

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

Breakout ?

Post Mon Jan 13, 2014 5:26 pm

Breakout on the RMP 1 year chart today?
Linton78
 
Posts: 7
Joined: Oct 2013

Re: Breakout ?

Post Tue Jan 14, 2014 9:14 am

Wherever RMP are then so is RRL...

something continuing to stir with RMP ... is it

Election of new President of Puntland
Georgia - movement re JV participation / GIG contract - new parties
Puntland - movement re JV / Drill prospect
SP beaten down so long etc..
cashup
 
Posts: 354
Joined: Jun 2012

Re: Breakout ?

Post Tue Jan 14, 2014 10:34 am

re-rating this morning and all good points highlighted above.
Linton78
 
Posts: 7
Joined: Oct 2013

Re: Breakout ?

Post Tue Jan 14, 2014 10:42 am

Horn flat on TSX yesterday - just 11,000 traded...suggests either Georgia or simply and overdue re-rate for RMP...then again as Punty may surprise...
cashup
 
Posts: 354
Joined: Jun 2012

Re: Breakout ?

Post Tue Jan 14, 2014 12:46 pm

Or another pump and dump.
Amazing how it's up 9% one day then down 9% the next.
Day in day out, rinse and repeat, except today they decided it's going up 30%. Will be back at zero by close tomorrow
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psychicone
 
Posts: 250
Joined: Jan 2013
Location: UK/TR

Re: Breakout ?

Post Tue Jan 14, 2014 2:25 pm

Georgia news or more likely a re-rating. Fairly healthy volume also for RMP today - looks set to trade over 10m shares.
Linton78
 
Posts: 7
Joined: Oct 2013

Re: Breakout ?

Post Wed Jan 15, 2014 5:55 pm

Ta dah!
No surprise there then
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psychicone
 
Posts: 250
Joined: Jan 2013
Location: UK/TR

Re: Breakout ?

Post Fri Feb 07, 2014 3:28 pm

Still up 20% odd from 2.8p - currently trading at around 3.4p
Linton78
 
Posts: 7
Joined: Oct 2013

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