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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Post by Sittingbull11on Aug 15, 2016 6:18pm
229 Views
Post# 25143938

**Bottom**Timing**Patience**Value

**Bottom**Timing**Patience**ValueThe stagnant price today was positive. In RMP's position, a holding price shows all the poisonous negative sellers have exhausted themselves. A poster on this board last week was quite adamant, almost demanding a response asking, "what will happen on Monday",. Well, nothing happened today, Monday, and probably not tomorrow either. There is no insane immediacy here. RMP is NOT in a desperate situation. Yes, there needs to be action, but not this "MONDAY IS CRUCIAL" sense. That is an over-reaction. Something that seems to be ever-present now. News is what will make the move now. Simply because the negatives are priced in. For those who are long and positive, try and tune out the noise. Patience is now needed. M & A's are most often quiet affairs and news of an M & A will simply appear when it appears. The good news for today is the stock was stagnant. A very good sign. GLTA.
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