RRS 0.00% 0.1¢ range resources limited

for mikro, page-5

  1. ds
    7,131 Posts.
    on a serious note jr - 50p is easy if the reserves are proven and they have 3 or 4 producing sources.

    That wont be possible inside 2 years though.

    Can a company like Range be valued at 10p consistently in the next 3 months - easily.

    Can it be valued at 15p in the next 3 to 6 months quite probably if just a few things go right.

    Can it be valued at 20p in the next 6-9 months - possibly but it would need some pretty good results from something big like Georgia.

    Above that I don't care to speculate for now.

    The caveat to all this is a few into investors coming on board.

    After the volume seen last week SOMETHING has happened to the register but we won't know the real story for a few weeks.

    So far with the exercise already of 10m+ options I suspect the shares continue to find their way into friendly hands despite what some perceive as a disappointing SP performance.

    The more options that exercise early the less likely a capital raising is till well into next year or the more likely Range is to keeping 40-50% of Georgia.

    You are right that it is seemingly on the verge of something - the SP keeps a subtle but definite upwards bias but the performance on spikes is disappointing - the good thing is that it tends to shake out traders and leave investors.
 
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