But, surely what would concern retail share holders or prospective holders who may not appreciate, no matter how much is postulated, new project wise,,,,, is the announced facts...
3.5c Placement to appropriately identified entities.
By the material nature of every other placement, but especially in light of the current financial environment, this alone, would compel a reasonable person to consider that the share price will in all probability fall to a number at or below 3.5c,,,especially when you factor in the free attaching options ( sound familiar? )
Compounding this of course is the devil in the detail yet to be fully understood or indeed quantified, but related to capital required in the quite short term, simply to remain operators of the 2 Georgian blocks.
Will this be funded with further placements of shares and free options or will a white knight come to the fore with capital for a %age farm out...either way someone has to pay to play.
Then on top of this it needs to be understood that the relationship between rrs and aoi may indeed be more than just a tad fayed ( liban factor, farool factor hersi exile factor ), it would seem quite probable that they may be in a Mexican stand off waiting for contractual breach, lapse etc before they make their next move.
Cn this be completely discounted so close to the time frames understood to mobilize a drill rig in such a place ?
Honestly,,, can this be completely discounted ?
Food for thought if you want to keep the diet balanced.
As always...time will tell.
cheers RD
RRS Price at posting:
4.0¢ Sentiment: Sell Disclosure: Not Held
