Club Mulgoa

Wednesday, July 13, 2011

RMP, RRSO

It has spudded in Georgia and will take 55 days to reach the target. Most drilling are unsuccessful. So, the chance of the share price vaporizing is high. This is a calculated gamble because if successful, then the share price will rocket upwards. The gamble is made a little less riskier because of helium studies. A positive result leads to a higher success rate. But this is no guarantee.

Hence in about 2 months time (there is often delays to be expected, resulting in temporary falls as well), I will know whether RRSO and RMP are good investment or a bad gamble.

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