amazed, It doesnot matter who bought at what price... what matters only is if Range is drilling or not... who cares if the company dscovers... The fact is that if they do ever drill then it would be a mighty achievement in itself and that initial explosion in SP will create risk free profits IF you believe that Range will ever drill... If you hold until post drill then you run the risk of a crashing SP on a dry well... Id predict 15c to 20c SP on dry well, so then the stock doesnot offer supreme risk return investment... $10 talk is premature and foolishness from some of these posters...
Now once again a month ago, rumor said that drill was imminent... I also said that major discovery was 5% chance... well much less infact, but Puntland has remained relatively unexplored for quite some time so I guess we will have to wait and find out what the odds will be...To get the big flow rates to support such a big target long term project will take more than just a 3 well program to develop... lata...
RRS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
