canmex takeover of rrs, page-62

rupert Tos(s)ed over....
SP could not get to $7 in Sept even it was currently mid way through a drill...no short term drill, (chance to go away and come back and miss nothing)....
with say one of those ultimate discoverys that is talked about here and tossed around like a lolly in a candy store ........
..... you need to wake up,
.....as I said If I could attach PoSsIbLe discovery to a company then I could easily attach $20 to New Zealand Oil and Gas with Hector currently mid drill and AWE has floated the idea around of 1.4billion barrel target, in announcements early on... is it likely? no... could it happen?, yes...
...
$7 would be the value of RRS at production anyway, and is the total value of the project at first production, and not discovery!..... so you would have to wait many years for the full price, you first have to wait for a drill..... oil prices are at extreme highs, you will have to pay higher costs in drilling, as demand for equipment stretches....
Rupurt tos(s)ed over,
im sure I have taught you something, even though you would never admit it...
I am at uni, im no school kid...
I am a kid though, with many years experience in stocks... and 85% portfolio growth this year which includes the fall off in markets recently...
....
anyway,
RRS holders, good luck...cos you need it....
time is the biggest killer, and one has to wonder how much time is going to pass before you even get a drill?

and the chances of success are much less than 50%...
actual estimates would have to be 1/7, 1/8 chance that you will hit the jackot.. and even then they still dont all go into production....
RTO, joke is on you buddy...
Lata....