On all the research i have done on this stock i have a few things to say.
- RRS is pretty dodgy. I could have hocked up better investor presentations in grade 3. Their lack of communication is concerning and the Georgian spin points to the potential that the whole Somali prospect may fall in a heap.
- AOC actually looks like a semi-respectable outfit. And the fact that Raytec has come in and a drill manager announced is quietly encouraging.
Worth the risk. Any good news and this stock will fly. We need more oil. Afican continent is being carved up. Look at Woodside in the news today moving into Sierra Lione. Who would have thought that the risks in an area like that would warrant a drilling program but they are now being deemed acceptable.
If AOC/RRS manages to get a drill to that pirate infested backwater the slight chance of finding a gorgon sized project will be too much for most.
I'm in because i have a high risk profile. DYOR and becareful what HC has to offer. This company could go bust tommorrow and there is nothing i could do to help you.
RRS Price at posting:
4.0¢ Sentiment: ST Buy Disclosure: Held
