DISTIL 1.18 +95.83 Up BLUE STAR 0.45 +20.00 Up RURELEC 4.50 +12.50 Up FITBUG 7.08 +11.42 Up SEFTON RES. 0.10 +11.11 Up
Just outside Top 5 at moment. If we are to achieve my prediction of 1.77p today we need to soon be top of this list. Loads of postive news to be gleaned from various boards if you dig deep. And, if you filter just six of the thousands of pi's, the boards are respectful and informative.
alike, be very careful how you vote, because ceading the initiative to a tightly knit group of investors will effectively make RRL bulletin boards redundant, and we will all to find something else to do with our spare time.
Some good reasoned weekend posts punctuated excessively with the ever blinkered views of Chewis.
Fact remains, RRL is up poo creek and it is now taken advantage of by the Chinese. PIs don't have much choice but to swallow the bitter pill. Having said that, the resolutions are not in the interests of holders unless you are able to average down considerably. At least equal number of shares you currently hold. But then, you have to have faith that they will increase production in a timely fashion. Chances are good now for that because you now have the expertise and manpower of the Chinese.
However, if there are any delays and money looks like running out again, then the Chinese will punish PIs again heavily with more cash injection so safest time to buy in/average down would be when this is making good progress production wise.
Maybe they should have announced a rights issue when this was 2p. Discount the shares to 1p on a 1 for 1? At least this way, PIs are not shafted?
I guess RSR was too busy drinking Tsingtaos with the Chinese.....
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