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With the Sith Lord Zak Mir hosting, presenting CEO's knew they would some really tough questions (that's sarcasm folks) after presenting. First up was Greg Bandy of Red Emperor (RMP) The next City forum hosted by the Sith Lord is February 25. Put the date in your diary now.
There are strange goings on over at Red Emperor Resources (RMP). Since the company announced the failure of the Hawkeye-1 exploration well, it has issued half a dozen holdings RNSs in which three organisations, including its UK broker, Brandon Hill Capital, have been steadily increasing their notifiable holdings on the open market. Yesterday, the J&J Bandy Super Fund joined the party, declaring its 3.66% stake. Today the company’s share price has risen 8.37% to 1.27p, last seen. Does the market sniff that something is afoot?
This morning, Red Emperor Resources (RMP) announced that the Hawkeye-1 exploration well, offshore in the Philippines, has failed. The company’s share price is down 60%, as of writing. Once again private investors on AIM have suffered horrific losses at the hands of a pure play oil exploration company. This further calls into question the appropriateness of listing such shares on the market.
Featuring Formation (FRM), Penna Consulting (PNA), Tavistock (TAVI), Triad (TRD), Red Emperor (RMP)
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at Mitie (MTO), Red Emperor (RMP) and Scancell Holdings (SCLP).
I am alerted to the fact that a shareholder action group has been set up to call an EGM at Red Emperor Resources (RMP) to try to hold useless CEO Greg Bandy to account. I am afraid that is not enough, shareholders should have a clear agenda which should be:
I used to own a fair amount of Red Emperor (RMP). I ditched the lot once I finally realised that the management team of this company is, to all intents and purposes, on an extended paid leave of absence and nothing was going to happen. Even so, I decided to take a look at Red Emperor again in the spring, on the off chance there might be some progress in Georgia. After Range Resources’ (RRL) announcement yesterday I wish I hadn’t bothered...
Red Emperor Resources (RMP) was one of the hottest shares on AIM back in 2012 but is now looking distinctly unloved.
It’s edge of the seat stuff at the moment for investors in Red Emperor Resources (RMP). At least it would be if any were still awake. It’s now been ten months since the Horn operated Joint Venture updated the market with its second disappointing result in Puntland; ten long, dull, boring months.
As most of the AIM resource sector has gone into meltdown, Red Emperor’s share price has been pretty stable. OK so it is true much of this stability is down to the fact the share price crashed through the floor much earlier than others, but
It can be said quite fairly that shares of Red Emperor could have been wrongly identified as a potential bargain-hunting opportunity at any time over the past nine months. Clearly the key here is to suggest the extended bear run is over no more than a few days before this actually happens.
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