RMP 0.00% 1.0¢ red emperor resources nl

The western blocks are potentially lucrative, but the most...

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    The western blocks are potentially lucrative, but the most important point i make here is timing of buying, RMP is presently trading below cash backing, so buy low sell high..Lets face it many bought at 10 cents very recently.

    Below from the latest Alaskan operations update:

    "RMP is financially well placed to proceed with its evaluation plans for the Western Blocks and continue its ongoing evaluation of other opportunities, with a current cash balance of approximately AUD $4.6 million (excluding the refund associated with the performance bond). The process for the refund of the performance bond (RMP share USD$1.05 million) has begun, now that all obligations associated with it have been met. "

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Mkt cap ! $5.252M
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