I hear what you are saying, and appreciate that from most observations, she looks very unloved.
There is little or no confidence in the stock from a new punter's perspective, and holders are set up to the gills in both stock and scuttlebutt.
New non seed/placement instos will not invest until oil concession clarification/spudding.
All I suggest is,
As everything is in the most sensitive of preparatory stages, moving carefully forward, moving towards petro law and spudding, sentiment (upon news) can turn on a dime.
If, and or, when it does, many could be chasing the tail.
And the tail doesn't have that much stock.
fair value ???.....pick a number between 25c and 25 bux, any number, there are plenty to choose from,,, then call it your own, because London to a brick, few will agree with you.
Until we have a fully understood, reported de-risked enterprise, something near the lower end of the spectrum seems fair and reasonable.
But if AOI report progress ( mandatory by mar 31), or rrs report progress, or tfg report progress.... up it a tad.
- Forums
- ASX - By Stock
- RRS
- fair value of range
fair value of range, page-21
Featured News
Add RRS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online