I don't blame you for being twitchy but when I see the likes of Yuff and Bounty doing their best to talk this down for a cheap entry point it only convinces me that there is a huge upside here. Yes I could have traded this at 2.6 but I didn't but I am not going to bear myself up about it. News will come (in what order I have no idea) and those with the nerve to hold out will reap the benefits. All IMHO of course. I wish I had the resources to top up and average down further but can't at the moment. Good luck!
I do empathize with share holders as was an holder myself..but i do think most of long term holders have derisked at 2P mark after averaging down below 1P...with 5B shares in issue, and only GOD knows how many more in future as they keep issuing them at will it will remain a penny share unless we have consolidation, and it will happen at some point.
Lol we had a transformational quarter........ Interpretation some of pl's mates bailed the company out to the tune of $12m in return for doubling their money in 3 months. Meanwhile mugs like Celticheart are left holding the baby! Texas and Georgia are worth sweet FA. £75m mcap for 533 bopd is an absolute joke.
Based on their inability to sell them for such a long time..moreover Georgia is politically high risk in current political situation involving Russia...Texas hardly worth paying $20-30M for an asset giving profit in tens of thousands..one will get better return by keeping that much money in deposit. In my view RRL has purely become a trading shares and those who will not trade will have themselves to blame for losses..i am pleased got out at 1.7 & 2.1..still cursing for not getting rid at 2.5P when had plenty of time..as I said before also Abraham is a shoddy dealing..either they are shorting or are offloading their shares otherwise would hane nominated their represenatives by now..alos I tried very hard but couldn't make out how Land Ocean deal will benefit us..In my view we will end up paying them in shares / debts, and eventually we will become next MXP i.e. debt repayment company .
they must be crazy..why on earth would someone buy 2 x 5 million share if they did not think there was a good future.. I think we will have good news soon on Georgia... people will be sorry they sold at these low prices
I am as positive as I was last week, nothing has changed we have had a transformational quarter now time to sit back and see that come to fruition. The valuation you put on Texas and Georgia were based on what exactly?
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