This was our concern lack of funding by a non capitalized partner and that followed by a lack of interest when the venture was shopped for a major. Basically its a new ballgame with new relief pitchers probably needed..Discussions sounds like the scheduled and clock like payments will be on hold...New funding proposition will help but no rigs no oil..bummer just hope the reserve results are documented.
john good post and i think your right royal is about to move on in its best interest unless Rampart finds them a major or increased funding NEED A CLARIFICATION OF THE FILING for sure
My take/ Hit/ is that new funds will have control,, clean up the bank more and shop it to get a premium and it might be factored in by the price reflecting debt sec tier issues gone. Plus the mgt jumped on board at the same time..NICE parachute.and good for early investors..Up from here see 1.50 to 3 then a reverse or a quick premium merger
What we have here is a failure to communicate from both parties ..Clarify why the driller was dropped,why he might be reinstated and why Rampart appears to be out of favor or having future money transfer troubles based on the original venture agreement. Plus do not recall releases or post this driller was on site.and who hired them.. Maybe Royal was disappointed that Rampart did not come up with a major,or they have been approached by a major and just want out of the agreement since the reserves are a gold mine..Need a code breaker to figure out this enigma. My take is thats its a new ball game Royal is going its own way and will pay to move on..News has to leak out soon..Takes String where are you
News out concerning a spinoff of chocolate ventures now under one bfcf bbx roof ready for season in SO Fla Its dark cocoa is a nice niche ask Buffet... Takes Hoffman's has a following nationwide.saw it this past holiday ..L man has other complimentary deals in the works as set forth in PR Nice move big mark up
Like the fact development ongoing in area which should make less red tape since plans similar and probably pre reviewed more profit along with low land cost....Should hear soon on trial date etc.
This is a positive and is a wealth factor but we need news like a major and drill in place then you got the money for the real goal oil production...Need rampart to build a co that attracts whales hedge funds etc Hold until relieved.
About 3 major hedgefunds including blackrock joined in the party they bailed out the debt and now want a return so lets see where that 10cent deal goes.... basically paying off tarp etc made the bank worth morel long term or currently.... Remember it cost these whales a ton to make it cerdit worthy where it stands now and they must think they get 20/30% upside from here..Sounds dangerous count me in.
This is the enigma this stock last year traded at 1.00 plus its a trading nightmare but someone is taking a position watch for the reverse split and the waiting game to get to a 1.00 again...it will get there but you have to hold until relived unless the placement is from a banking investor group or a major bank... Banks are slot machines and this one has a small footprint making it easy to gobble up... Agree dilution problem but someone must have it a a target....... With 12% of stock ownership its under that groups control maybe thats the deal.Or its worth a buck to money guys stay tuned bank being cleaned up for a major move..
Makes sense or you can believe it will happen since Rampart has kept its word and its dollars..... now they bring the big boys in to drill... Factors not a dream should see a rig soon
String doing well with value oils KOG TMPL got early and see the consolidation going on Look a t some of the Canadian drillers Petroamerica ...Tag .santina ..same thing going on and they have ongoing production Plus price of a doughnut