We have Flowersinmyhair (now who is that ?) and like minded posters saying the usual and DrFinance (ug) chiming in today with a AIM date of mid June.....which is believable considering RRS history.
Some questions need to be answered by Range.
I had a disagreement with Rupe on HC when Rupe suggested we form some type of " action group " a month ago.
I disagreed and replied " Why rock the boat ?"
And I see a couple of others have suggested similar recently.
Time has come for some answers I reckon....
I may be a week or so early in posting this stuff....nevertheless its worth mulling over in the mean time...
A scenario to consider :
Range had to get the CXM JV through.
What was needed for that ?
Consort buyout
What was needed for that ?
Institutional r/show/consolidation.
Done.....CXM have their JV and they could raise their cash etc.
Then RRS string things out till oppies expire.
They have enough cash to continue with the minerals till say Nov when they AIM list and raise funds placed at say $3.
Minimal dilution. Laughing.......
And 5 months...they could easily keep the goodies covered till then...heck they have done it thus far...why not another 5 mths ?
And its not 5 mths.
Obviously if there is no AIM listing DATE by say end May....oppies are ugly...RRS will logically stretch it another couple of mths and its over.
What could possibly delay AIM listing another 2 mths to mid June and beyond....nothing....except a clear RRS directive to kill the oppies....Fact.
Crow...don't "crow" over this because your idea of underwriting doesn't hold water. No underwriting would be necessary when all they have to do is list and raise cash at $3+.
RRS have the cash to see through their mineral programs till listing....heaps...what is it ...$A$20 mill or so ?...whatever.
Now...on the positive :
The obvious....FB and some large private holders are not selling...yet.
Its only a week since consolidation.
CXM drill program is not likely to be something hidden.
CXM are opening an office in PLand....keep in mind WNL has had an office in Juba for 2 years with NO drilling. So office means nothing.
And the fact that everything is done except AIM. Nice one.
MOPOA moved from 0.5 to 5.8 in 3 weeks (late Jan to mid Feb ) when the oppies expire June 30.....check it out and MPO have nothing like the potential of RRS.
Now that's cutting it mighty fine. They are 10 cent oppies....not 5
So there is still plenty of room to move....IF the RRS directors choose or have chosen ?
We have had the r/show they HAD to have...ie Consort.
How about the ASX r/show mensioned ? That would give the impression that RRS are serious about sp increase NOW.
Personally I wont sell oppies now...gone too far....may as well watch what happens.
Some interest next week will hopefully nullify my post.....BUT lets be realistic....most of us have heard some never ending tales...PL etc.
We want ANSWERS folks.
End of May is needed for a listing date at the latest....Fact.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
