While the AOI SP has come under some pressure due to general market sentiment and dilution, it remains in good shape compared to most speculative plays. This tells me two things - firstly, the register is tightly held by believers in the story, and secondly, that the Lundin's are not under any significant pressure to sell, but are in fact financing current cash flow needs of the Coy.
I believe there is little reason to doubt AOC's committment to take the Puntland project through to drilling. While there are bumps in the road, the end destination is still the same.
With Range, not only fully exposed to any of the onshore upside, it now has an opportunity to position itself for considerable offshore exposure. With a new management team and strategic involvement from another credible player, Range will once again provide the astute, risk tolerant investor with considerable upside.
- Forums
- ASX - By Stock
- RRS
- aoc holding up pretty well
aoc holding up pretty well
-
- There are more pages in this discussion • 19 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
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online