So you are saying the almost certain G duster would mean the share price would be back in the 5-6p range - with 200-300 employees in Trinidad and Tobongo that means they are getting paid 3 barrels each profit per day or $66 - if they do not uplift quickly there then it will be running at a serious loss combined with Range having to pay fully for the second G drill that will eat up all cash and we will be running a loss so as I said this company could be technically insolvent within 6 months at which stage the price will be 2-3p and then a rights issue discount and we are at 1p - I will be waiting at .4 cents which I think is fair value for this slow motion ship wreck with Pirate Pete at the wheel spending $1 million on traveling in a year - I will be looking for a Buffet Bounce to 1.5 cents and will get out before it sinks completely and winds up on www.delisted.com.au
RRS Price at posting:
13.5¢ Sentiment: ST Sell Disclosure: Not Held
