on a serious note jr - 50p is easy if the reserves are proven and they have 3 or 4 producing sources.
That wont be possible inside 2 years though.
Can a company like Range be valued at 10p consistently in the next 3 months - easily.
Can it be valued at 15p in the next 3 to 6 months quite probably if just a few things go right.
Can it be valued at 20p in the next 6-9 months - possibly but it would need some pretty good results from something big like Georgia.
Above that I don't care to speculate for now.
The caveat to all this is a few into investors coming on board.
After the volume seen last week SOMETHING has happened to the register but we won't know the real story for a few weeks.
So far with the exercise already of 10m+ options I suspect the shares continue to find their way into friendly hands despite what some perceive as a disappointing SP performance.
The more options that exercise early the less likely a capital raising is till well into next year or the more likely Range is to keeping 40-50% of Georgia.
You are right that it is seemingly on the verge of something - the SP keeps a subtle but definite upwards bias but the performance on spikes is disappointing - the good thing is that it tends to shake out traders and leave investors.
- Forums
- ASX - By Stock
- RRS
- for mikro
for mikro, page-5
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RRS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online