RRS range resources limited

pdn association revealed, page-20

  1. 297 Posts.
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    Interesting and illuminating discussion is taking place on Sharescene
    here is a snippet.

    In reply to: kahuna1 on Saturday 02/07/05 12:00pm

    Kahuna, as for foresight to see that the PDN-SP would be where it is today . . . this is the same foresight that will be rewarded by holding RRS.

    I imagine that you bought RRS at 6c (based on RT's advice), sold at 2c and now you are bitter about RRS. Mate, you need to cut losses and look for opportunities, not for grudges, deception or other ill-fated efforts will get you nowhere.

    Just as l spotted MNR as an opportunity a few years ago, placed a couple of grand in it, and it payed me nicely . . . you need to identify opportunities, do your research and stick to your guns. Why you place so much effort in a stock that you do not hold is beyond me.

    You recognised the PDN connection and mentioned that if Corachapi is soo good why didn't PDN acquire it. Think about it. If you were a director of PDN and new that there was a deposit of U (in Corachapi worth $100M).
    Would you;
    a) acquire Corachapi through PDN increase its market-cap by 25% . . . or
    b) become involved in an equity-vehicle (YONO-hypothetically speaking ) earn a 10% interest in RRS, and when the reserve is recognised (JORC), watch RRS increase 1000%?

    The multiplier effect through direct-ownership, places the directors in a CIC-position through the 'agency-effect'.

    RRS still has Donny in the bag in my opinion . . . results soon. Favourable results here alone could give the SP a significant boost.
 
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