Agree, I don’t think the SP / Market Cap reflects a great deal Texas or Citation anyways, Georgia a little more perhaps, however, I think this is overplayed / valued as well by some PI’s, T&T operations and future net is what this company is about, get rid of the lot for whatever you can, while PI’s with history here may grump, the market will appreciate the clean vehicle RRL will then be a whole lot more with just T&T and Puntland, a few million in the coffers to boot and they can get on with T&T, FWIW I don’t think we will be that far away from this coming to fruition anyway.
With the quarterlies showing what will hopefully be an all time low production level out of the way and the boil of IOP "gift" lanced (doesn't matter if a good or bad deal) it's one less monkey on the back. Resolutions to Texas / Georgia need to be sorted out, (again doesn't matter whether good or bad) so long as a line is drawn underneath them, so that a focus can be applied to T+T and Puntland. It would be very beneficial imo if the CEO cut adrift Citation and any last opportunities that PL would have to p on the parade. Oversold recently and expecting a modest upwards trend to resume now bad news is behind the company. Would really like to see them publish a drilling plan for T+T with some achievable milestones to demonstrate they are able to achieve some goals.
No the day to day SP isnt my concern, when a few million traded can do this to the price be foolish not to expect this sort of thing, as long as we hold above 1.3p I'll be relatively happy, think a bounce is now well over due and as long as we stay above the 200 day MA at 1.286 then I think we can recover to above 1.5p quickly.
Cheers gary - some Sunday reading perhaps. (I've found the same whenever I looked at these lists in the past. They either miss stuff - or include irrelevant ones! The ones missed might well be the "gems" I was looking for because they'd been missed by many!).
in trinidad... the government has reduced tax charges from june this yr.. so more savings for Range... for when production is stepped up.. which I beleive will happen... I have faith in range with the new ceo
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