RRS range resources limited

not too bad

  1. 1,538 Posts.
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    Old news but not too bad. It show AOI and RRS still have a good chance for one more year. If Texas show good gas and Georgia come closer with some better news then RRS will have better chances for long term holders. I am just a short term ins/out for profit. But IMO, RRS shows sign of something cant be trusted (50/50). Puntland Gov cant kick out RRS and AOI as they dont want to scare other international players. That is why I hold some (free shares) for longer term. The fair price of RRS is around 6c/10c (0.3c/0.5c before consolidation). I think it will be back at that level in the very near future. Test Fib

    Fibonacci Calculator
    High 7.6 Low: 3.3
    Expansion
    23.6% = 4.3 done
    38.2% = 4.9 done
    50.0% = 5.4 done (today and before)
    61.8% = 6 will be
    78.6% = 6.6
    100.0% = 7.6
    138.0% = 9.2
    161.0% = 10

    Long ago I bought AVM around 3/4c, my daughter told me I will lost because Congo civil war never end. I told her any war has to be ended as ppl need food better than bullets. I won big one with AVM later (my daughter missed out). I did the same with OXR (OZL), PNA and some others. With Somali/Puntland I think they cant keep fighting forever and pirates need to end one day. That is my view and guest for long term. But my view/guest with RRS can be wrong. So,take a good care by buy low and sell high if you can. Good luck to all and have a GOOD YEAR.


 
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