trading24 Aug 2012 12:11
speaking from bitter experience of Landaus ventures he has a long history of over promising, under delivering and diluting.
RRL......the first well in georgia was 2 yeas late, the puntland well was 5 years late (granted difficult circumstances). Trindad 6 out of 21 wells drilled last year, waterflood project 18 months late, herrera wells 12 months late. Need i go on?
Ive been with RRL since dec 2009, in that time the number of shares in issue has risen from 600k to 2.3bn, i have now become a stubborn fool about the whole thing and am determined to see either a good return or nothing.
Bear in ming RRL had alread undergone a 10:1 share consolidation from 2.6bn shares in the distant past