RIA rialto energy limited

Dc1234I am not aiming at recouping losses at this stage - I sold...

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    Dc1234
    I am not aiming at recouping losses at this stage - I sold down a fair bit again some big gains . Each decision to buy or sell is a separate inv decision . Is the stock good value now . I think the exploration upside and remaining cash and value of Gazelle ( which ofcourse isn't worth 59 c per share ) more like 15-25 IMO justifies a SP that is higher - but sentiment is low so before we see the SP value gap close we need confirmation of Gazelle reserves to frm up a value number and the farm out - size and dollars . Both go well them 20-30 cents possible and if gazelle developed 30-40c. Exploration value is probably about 20c but few would be paying much for it until they see farm out
    I do think though current SP present opportunities for a 50-60% gain without much risk
 
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