The Official Stocks and Shares Thread

Rrl has a placing at 12.5p if I understand correctly.

living in the states so to buy RMP the only option is on the "grey market" - REMPF:Grey Market. Would really appreciate it if someone could explain what the grey market is?

Is all people talk about on this thread is Range Resources? There are other stocks out there

Is all people talk about on this thread is Range Resources? There are other stocks out there

Haha, you've clearly looked only at the last 2-3 pages... if you look at the last 100 pages, it's all about GKP

Ha, type in rrl into the search bar and there are a ridiculous amount of comments about it.

Down 5% today hope for most people invested it goes back up long term.

Both RMP and RRL shot up for very little reason and we're now seeing both gradually return. I wouldn't be surprised at all if RMP drops back down to 25p/share over the next 3 weeks, so I hope people didn't invest at the 48p/share price.

A lot of shares are quite dull, and I think considering how much money people on this forum are likely to invest (a few thousand at the max) it's a much more interesting proposition investing in the higher risk sectors, which is why there's a lot of discussion on GKP/RRL/RMP/HER.

On no reason? They updated on the Puntland drill.

Have you read it? Also a hell of alot of other stuff going on which points towards an oil find.

Ok, not for completely no reason, but RMP has closed at 40.0p today. The analysis of RMP for today stated that if it closed below 42.2p, the bottom target then becomes 35.5p. Even with the RNS, there wasn't much justification for the SP to go from 20p to 50p and IIRC, the spikes started happening quite a bit before the positive RNS. So was probably just a lot of people jumping on the bandwagon, who are now very quickly jumping back off (same as GKP a few weeks ago). I'm not saying RMP isn't potentially worth much more than its current SP, and the same goes for GKP, I have shares in the latter for a start. If I also remember correctly, RMP released an RNS stating they didn't have any update to give noting the fact the share price jumped up 40% for no reason.

It does appear to be overdone. I think I might sell most of my holding on Monday, because the retrace could continue as news isn't due for a couple of week.

That RNS release wasn't exactly accurate, they released an RNS saying they have all the makings of a big oil discovery, it was always going to rise. It rose before that RNS because there was a huge leak, it looked like it was a pretty much forced RNS which confirmed rumours.

GKP is a crazy situation, can't believe it reached over 400p then went down to as low as 220.

I don't know if you follow the discussion on iii, but someone recently found confirmation that GKP has had business meetings with China involving lawyers and financial people.

With Synopec? Someone on LSE mentioned they have the biggest budget this year?

What do you mean by confirmation?

What is your avg. in GKP btw?