Sorry if my innocence shows through in this post. But why are RRL shares worth more than zero. How long since you have had a divi? How long till you get a divi?
What makes them .7 now? What made them 4p? What made them 20p and beyond. It was hope of good returns - good divis and good price growth. A lot of reason for 20p must have been hope and confidence, and at .7p must be sadness and despair for most.
Is it any difference to the value of a £10 note. Bank of England used to promise to pay the bearer of notes teh equivalent amount in gold bullion. Since Chancellor Churchill took us off gold standard, there is very little gold to back up your £10 note. If we all lost confidence in our currency, it would be worth almost nothing. Dilution does not help - consider confidence in currency of Argentina few years back.
Think personally that PI's should have PMA (Postive Mental Attitude) and strap in to BOD for this ride. Not bullying, just plain realism. I actually managed a smile when I could buy at .73 this lunchtime, and may even smile next week if I can buy some more at a cheaper price still.:-)
What? You mean like organise an AGM to get shareholders to give them permission to dilute the company by up to 40% soon as they got hired? Even when shareholders voted no, they still have to power to override.....
What did CH have to say about that? Oh his sidekick just said the new BOD have been fantastic and not put a foot wrong.
People on here don't need to trash the company, the Bod of RRL have successfully done that by themselves. No re-invention here as have told it as it is for more than two years now as have some others. Its important opposing views to those of yours are put forwards so that a true reflection upon events is presented rather than the continual carp you have posted for two years. It now needs a 64% rise to get back to where you guaranteed everybody it had reached the bottom.. shame on you !!!
"My view is clear on this, IOP was always about Kazakhstan. PL is a mart man, he knew that IOP would default on the loan but Kazakhstan is worth an awful lot more than 8 million USD."
An extract from CH post on II board. He is so naive to understand PL is smart but only for his own benefit not for shareholders. Lucky we all are not face to face otherwise this statement would have caused riot.
I've been hoping for that since last September - so far only thing I get is disappointment - cant believe how this continuously goes down - when we do get a rise for a day CH jumps in saying he knew all the time that it was going to rise, which only has the effect of killing any recovery !!! (Only joking CH before you accuse me of being a bully!!).
Surely with all the news we have been dangled in front of us for so long that one day we will look at the RNS at 7am and find that we have actually sold Texas, MD248 has completedcdrilling etc etc etc
Post on here but this is now beyond the joke. I average 1.42 with over 1.5 m shares registered with RIG which aren't worth jack now . I really feel for some of you guys who average up to the 20 p mark . In my opinion the BOD should be paid in shares only ,as an incentive to get this heap of $hite off its ar$e . I hardly ever swear but hell this Mickey Mouse company would make an angel curse.
Ask yourself this, why would any genuine shareholder wish this share to go to nothing? I am not a bully and hate people who bully so let's keep this in perspective. I voice my opinions and my concerns over those that come on here intent on trashing this company. Draw your own conclusions but mine are that the same people reappear with new names until they are booted by admin and then re-invent themselves. I am an investor here and will protect my interests against those with a dubious agenda. If you are not happy with that, that is your choice.
Datafeed and UK data supplied by NBTrader and Digital Look.
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.