A dead loss now and going to be pretty much the same in a year. I don't expect any more than 4p or 5p by next Xmas with a trillion shares in issue. Only those who have bought in at under 2p stand a chance of making a profit, those over 10p have little or no hope!! Placing after placing and so this part of the routine and 'TempoRory' Scott-Russell will be one of the few beneficiaries.
YB, sorry mate. The reason why I thought you are just fond of challenging me is because my point was that since RSR came on, there has been massive dilution but you either misread or didn't check the facts. Here is what I posted to CH once again (which you challenged):
>>>>>>>The picture is, since RSR came on, he has diluted your stake by 50% and more is to follow..... >>>>>>>
Like I said, in Feb when RSR came on, this had 3.5b shares. When core deal is done, this will have 6.3b shares. Technically it is not 50% but 80%. I hope you can see my point now and stop challenging every detail. My point stands.
As for the bonds, once issued, you either find the money to repay them and hope SP stays under 1p so that there won't be any incentive for them to convert or it will end up being converted at 1p. Even if it is under 1p they can still convert and end up with 50% shares. The prerogative is theirs. Not RRL's.
BTW, did you find the other exceptions? You will find there is one about convertible securities...... DYOR.
Fishlips. I know nothing much about other "oilers". When I bought these Range 9 months ago I knew nothing. After 9 months reading and contributing on here I have just obtained a PhD in Trinidadian energy and have also learned lots and lots of new words. Doubt you will get that on LGO - they are refined oil, not crude. :-)
Just looked at Golden Cross for NMG. Not a bad tip, novice. Watch that one move. :-)
There was also a lot of good advice to get out of RRL and buy LGO when they were 6p plus. Rather glad I sat tight and ignored the glittering lights of Las Vegas. AIM a lot more fun that Premium Bonds or Lottery, and probably more chance of a big win. But not likely with new conservative Range till they have exhausted Trinny and then Puntland - then off-shore Trinidad and Puntland - and finally move rigs to Antarctica when we can all become millionaires and billionaires. (Antarctica is a new and totally unfounded rumour - you heard it here first). DYOR.
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