smith#1 - another take, page-4

So you guys think that 5c is fair value?

It should come as no great surprise that the SP dropped back to the RI price. There's been nothing in the way of news to provide support for it not to drift down.

What RRL/S needs is new investors and a good set of results from Smith#1 should acheive a measure of that. I know there have been a bunch of BB posters beating the drum across the other boards so RRL is on watch. Maybe another trading suspension would do the trick. A good result will get Range a bunch of publicity on PI investor sites like Interactive Investor, Proactive Investor and ADVFN.

It'll also be interesting to hear how PL responds to the FB forum questions which cover a lot of areas relating to scheduling, risks, farm ins for onshore / offshore and the general strategy over the next couple of years.

I'm optimistic.