RRS 0.00% 0.1¢ range resources limited

no big holders selling

  1. 4,312 Posts.
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    - No big holders are selling.

    - SP down on very small volumes while the market is awaiting news of progress.

    - Most long term believers are already fully invested according to their risk profiles. New buyers will be drawn in when positive news hits the market.

    - Downward pressure has been felt accross the market.

    - Directors were happy to put their own cash in for the partly paids.

    - Range have plenty of cash in the bank, are free carried for the drilling with Africa Oil and hold a swag of mineral and off shore oil rights.

    - Energy will be the next crisis to materialize.

    I think I'll hold but by all means, you sell if you want too!
 
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