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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

Comment by brad753on Aug 15, 2016 6:50pm
182 Views
Post# 25144010

RE:**Bottom**Timing**Patience**Value

RE:**Bottom**Timing**Patience**Value
Sittingbull11 wrote: The 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.


Well I assumed they would release the results this morning and the market would react today. But, now we will see tomorrow. You think nothing will happen tomorrow? okay then. I posted on Thursday that Friday would be a sideways chart with an finish above opening by 1 or 2 cents. But I said that thinking the report would be out Monday morning. I said this is what would happen the prior trading day before the report, regardless of timing I was dead on point. Just off by 1 day because the report came out late.

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