RichTheNewbie Please answer me honestly,If you were aware of the problems at RRL did you make a profit with your investment and invest elsewhere when it was blatantly obvious a long time a go that the company was heading into big trouble.
Also these Chinese are not here to help shareholders as they are here to help themselves to RRLs assets,If i am wrong i will come back on the board and admit so.I can't be any fairer than that,
Thanks but I think everyone is much more aware of the past failings and probably in many many times more levels of detail than you ;) I don't think you're going to find anyone singing the praises of past management! The reason people are investing is because of the potential not because of the past. 6 RIGS - what a problem! Far from it being some sort of tit for tat competition with LGO. Their success, by actually drilling a few wells, highlights the potential out there in the island. This is not bad for us it's good for us. Especially as their small acreage is smack in the middle of Range's largest block (Guayaguayare) and right next to another (Beach Marcelle). So what people are waiting for is seeing the delivery on the potential. This massive Chinese investment may just finally bring that.
It doesn't make it the truth because people like you say it is.
And from memory, I think you were called a troll by someone because you basically came onto the board to wind up people, saying there's no hope or it's going nowhere etc. I think if someone did that on the LGO board you'd probably call them a troll too. :p
Thanks again for your incredibly useful contribution though!
BHR and RRL I've no problem with seeing a company go down to tubes. My BHR holding was £14K and was worth less than £11 yesterday. Its about as bad as it gets on an investment, so to go that bit further and loose my last £11 in order to see Karstel and Farr-Jones have a red flag on their cv's was worth it.
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