RRS 0.00% 0.1¢ range resources limited

ridiculous 7 dollar valution is unethical

  1. 4,559 Posts.
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    Firstly I have not been following the story of this thread So I cant be sure that it hasnot already been mentioned...
    I have recently seen the 7 dollar VALUATION on this company and it is an absolute joke... How can a 7 dollar valution be put on a RRS when the valution takes into account a discovery thay has not occured...

    IF New Zealand oil and gas Put out a valuation on the company taking into account a possible discovery at Hector then NewZealand oil and gas would be upwards of 20 dollar per share...
    now, New zealand Oil and gas dont do that, because it is unethical....
    RRS do, because managment is skeaming and bad management who obviously donot care about the valuation which has been distorted to lure unsuspecting investors, QUITE possibly many of you here...
    ....
    My post has nothing to do with the outlook of this stock....
    good luck all....
    dont be suckered into companys on foney valuations which are not worth the paper they are written on...
    Shrewd Crude laughing all the way to the bank on this one...
    much better plays in the oil industry than this one....


    RRS has no revenues, it has zero discoverys, it has zero drills in the short term...
    Can someone tell me what all the hype around this one is... without anything on the cards for this oiler I dont see much in it...
    lata...
    disc NWE,TEX,NZOOD
 
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Currently unlisted public company.

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