Smartinvestor is ready to pounce again--agree-- RRS has been oversold and as much as some of us dislike PL's 'style' he maybe out 'cutting another deal'--who knows?
There are better junior oilers out there but in saying that I will be hanging on to my RRS's until the price appreciates again--after all we have Trinidad heading towards 1000 barrels per day--the 'holy grail'for juniors.
There is a natural investor aversion to buying a stock when they are sold down--we think there must be something wrong--uncertainty over Puntland?--RRS has other irons in the fire--Trinidads my favourite.
This is only my opinion but I reckon RRS is one of the better stocks Peter Landau is involved with and I'm sure he's out to prove that he is 'the man'.
Shoot me down I'm fairly thick-skinned.
Personally I would like PL to conserve share-holder funds by travelling in tourist-class--walk the talk.
In finishing RRS has over-sold IMO----cheers Cham
RRS Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
