Many are crying foul again even though today’s news was totally predictable. It's been raised many times before that the only way the share price can go up, unless there's a "lucky punch" on one of the drills, is for the company to become cash generative, or at least are heading towards it. This is pretty unlikely in the near term so the borrowing continues. No point in talking about Texas and RBL as only PL and the inner sanctum will know the full story. The best asset RRL have is Guatemala which does show promise probably because Landau has nothing to do with the running of Citation and probably is only party to the RNS's from them once they are released. The RRL share price has nothing to do with shorting, manipulation or any other conspiracy theory, it's totally attributable to the ineptitude of the management and particularly the man at the top.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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.