RRS 0.00% 0.1¢ range resources limited

canmex takeover of rrs, page-96

  1. 4,559 Posts.
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    brabus,
    thankyou....
    95% of the people here are in shares for the same reason, and that is to make money...
    some of those people are prepared to gamble it away on lottery ticket, others are in this game to search for low downside big up.. I dont mess around with diversification, and blue chips, its all about spec oilers nearing production for me...
    its all about finding projects where NPV>0....
    .....
    Punting in punland is a great asset to have for a much larger oiler, or one that has other activitys, (discovery,development, production etc)... to reduce the massive downside risk... but this company has none of that as I have mentioned...
    I can find companys with all the other attributes that oilers have, is much less in market value, and has the big upside wildcat drills aswell...
    with RRS taking 20% and canmex taking 80% and govt taking 50% of all of that, then rrs are effectively taking 10% only...
    yes I do wish you all the best brabus...
    this company has nothing solid....
 
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