RRS 0.00% 0.1¢ range resources limited

Ann: Statement re Share Price Movement , page-5

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  1. 5,657 Posts.
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    Hi BritRange.
    I read all the UK boards of the fleet and you are very right.
    The "shepherds" are having a very hard time getting the sheep back to the sharing sheds.

    They seem now to be giving out shares in lieu of debt.
    These shares will find there way straight to market as costs are recovered. (Which explains the drop.simple supply and demand)
    You have seen this on CCC and KAB. Now RRS. Not a good sign.
    (And always tacked on to the end of some good new)

    The cash burn Range go through. Texas sale will not last two Q's.
    What's the bet Aug 30 will come and go with Texas not settled.

    I also expect a "directors buying" notice in hope of supporting the share price. (It's their usual play)

    IMO 4c will be broken this week. Then down to 3.5c with a possible low of 3c.


 
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