I brought from 12p down to 3.5p the first time around then sold to get my cash back at 8p leaving a free carry. I then brought again around 6p and sold all including the free carry between 8.5p and 9.5p.
It wasn’t a straight forward by and sell. I was lucky that I sold during a mini pump when the price went up quickly with no news as that gave me a head start on the 2nd investments.
It was a gamble, it was clear that the onshore assets would be sold, I thought by way of merger, I didn’t at the time think Touchstone could raise enough cash.
It always seems to be, someone waiting in the sidelines to buy RRL and take the price up, yet it never happens. I guess it should be “I hope that someone is in the sidelines”.
To make a statement such as this comes with the assumption that you are smarter than the person in the sidelines. In practice with RRL this has not proven to be the case as inevitably he / she buys lower than you.
I suspect that this will continue to be the case for the foreseeable future at today’s POO and RRL not prepared to talk about economics of production.
At least it will take a few more weeks before your volume of current negative posts match the volume of positive posts you have done in the past
Got any balls to go short or just crying from the sidelines ? Don't bother, we know the answer. In the past 12 months or so, I see you have posted predictions anywhere between 0.17p and 12p I think intelligent people can work out what game is being played
Back to Range, not exactly a sell off is it ? Its very clear, people are waiting on the sidelines, ready for the next leg up A good presentation today, just need to back it up with evidence once the rigs are in place ready to drill And there will be double good news to come. Not only will the SP be going up as confidence returns but also we wont have to put up with 400 posts a month from the resident [insert own word(s) here ]
Fully expect at least another 10 or 20 posts before we start all over again tomorrow So predictable
Oil prices have crept up today and based on what the European governments are saying it may not be a bad time to be involved in an oil share outside of the middle east. Talks of Russia, US and Europe reducing the amount of oil they buy from Saudi Arabia to reduce the funds falling down the chain to terrorist organisations which SA have been accused of today by Russia. The question is will range have the brains to start pumping and storing for the oil price rise.......
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