Would be another disaster to add to all the past disasters. If we has a 10/1 consolidation, I guarantee we would be back to 7p in no time at all. Consolidation will just give the shorters more leg room to trade into. Sentiment has to be positive for any consolidation to stand a chance of holding it's price , let alone rise. A rise in price will only be achieved by revenue generation exceeding expenditure or a buy back with no consolidation. As we haven't got a pot to p*ss in at the moment , where would the buy back money come from ? Oh yeah that's right ... we just borrow it . Robbing Peter to pay Paul springs to mind ( Robbing Peter being quite apt I'd say ) !!!
It could be good investment for those entering now, but unfortunately most of us have already lost our shirts in RRL............its all relative.......good luck to you if you have invested recently....but i have only one advice to you when this dead cat bounces next time sell it otherwse you will regret.......
Just makes you wonder those sitting on the side lines at what point they will find the SP too tempting to dip in. Cant imagine it would be too much lower than this current level, how oversold can we get.
I was amazed by innocence of one of the posters (don't remember exactly who he was) who just felt its a tiny dilution without doing simple maths that 10x100M makes a billion and we have just over 3B shares....so by no means its a tiny diluition specially as we know funds are not invested for organic growth of company....the money will be spent most on wages & commissions.....last time I promised i will not post on RRL board before Jan 2014, however i am so ****ed off after reading today's RNS......its literally PL has not delivered on any of the promises and i am forced to change my opinion on company that it can not make progress with PL at helm....we need major shake up to have better future...otherwise sad but truth is those with high averages wouldn't be able to see profit or break even in their life time......i know lots of ppl here who says they are not in rush and can wait for several years but i am not certainly on of them as for me life is short....and we need to see profit in our life time to enjoy it..otherwise its money with no use.......GLAH
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