14k down another 7k to go before I lose it all. A loss is a loss only when you sell but I can't see me getting my money back in the next 12 months, if it does it would be a miracle!
I was stupid enough not to cash out when we hit the 2.6ish a few months ago but at the time I honestly thought a recovery was on the cards like everyone else, it now appears it was just a way for all the ITK people to get their money out before the disastrous news was announced.
We went from being debt free with even more shares issued to now 15million in debt AGAIN no real means to pay it back as the overheads are ridiculous, at this moment in time I have doubt that we WILL get diluted again once the debt is due.
It is clear for everyone to see that the rigs we own are clearly not up to scratch and 15 million isn't going to solve that!
So it's RSR's fault that PL left the company in the mess they were in is it? In terms of what's left with RRL, we're not going bust, have just got $15mill to progress development, have LO onboard. I have an issue with the way things have been communicated certainly, but if Georgia 'lets just say' does go through at the prices certain people have quoted sentiment will suddenly change.
Never mind GG he 's just a faceless figure in the shadows. Blame RSR the front man of what's left of RRL. Anyone that got out on the pump was smart and the rest of us still holding .... tough luck I guess
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.