Don;t get too excited, period.
From 2007 when RNCHQ (Nasdaq B list) was a whopping $1.20 ..
[30 Jan 2007 ... Rancher Energy Corp has been rated Speculative Buy with a target price of $7.39 by Beacon Equity Senior Research Analyst, KG]
.. down to a penny dreadful with a market cap of $1,480,000.00 (for clarity, not a big number). Wonder if this KG still has a job - I think he might moonlight with posting on HC.
http://www.bloomberg.com/apps/quote?ticker=RNCHQ:US
Linc will be providing the $14.5M bail money to Rancher for other selfish reasons, nothing to do with the oil that is not there. I don;t think that is oil you are smelling ...
How is the sale of the other coal tenements going PB? Is Christmas 2011 your thinking?
for attention of smart analysts, page-18
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