RRS 0.00% 0.1¢ range resources limited

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  1. 27,391 Posts.
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    Most oilers success, in SP terms comes from drilling and spudding a commercial well, or indications to that event.

    Range, is yet to do so. So just give it a chance. What do you think will happen when the oils shows become realised from the drilling. Indications are sometime early 2008, don't expect anything untill then.

    But anticipation of that event approaching can lift the SP.

    But here's the problem for people with no vision or patience, can they afford to sit back and bag it, can they afford to wait at the train station for the next train. Well, in my oppionion, the RRS train is express, and for those who choose to wait this one out, they will come back from taking a leek, and see the tail of the RRS train fly by, and they can then go and pay the price, a premium to get on board, or b!tch and whinge about the one that got away.

    Let's face it. The majors had every expectation of a commercial discovery. The dollars they spent, the work they put in. Less spec in this one than any other junior out there. It's just time. Be patient with RRS and it's the only thing you'll need do.

    Good luck to all RRS holders.

 
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