the problem I have with RRL is that I feel it's being manipulated by "dark forces", this is what has stopped me from topping up as irrespective of what the sp SHOULD be doing, it seems to do just the opposite.
5p appeared good value, then 3p was just crazy, then under 2p was a giveaway, unfortunately it keeps going down and down and PL is not exactly pulling out all the stops to prevent this continuing downward trend.
Having said all that, I do believe it will have to turn eventually and I wish everyone all the best, a few of us in here have seen RRR go from 16p to 0.29 and it's started to come back, so hopefully RRL will soon follow.
langy - i have been waiting for about 9 / 10 months - didn't come in earlier as heard various rumours including to expect a delay in the texas sale - this works out real good for me because sp hit rock bottom earlier and now hearing positive rumour about texas - and reread todays rns a lot of good stuff in there - saw someone post about dilution earlier well if you are buying off this level it aint gonna affect you as opposed to those who held prior to dilution - and virtually all small caps are diluted - example i believe dor hav 4 billion shares, what is mtv 18 billion or more et cetera
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.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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.