Yes I cut and run months ago for a slight profit. Fortunately for me I'd held in a company before that had aimlessly listed on the Frankfurt exchange and spruiked that as a winning strategy so was already figuring that while the U.S side of the operation knew how to acquire land and drill holes that expertise wasn't being mirrored on the Australian corporate side. Then came the CR the terms of which confirmed what I'd already thought about the Australian side of the operation which then proceeded to destroy the SP. Plenty trapped here I suspect. SP has fallen 33% from .024 to .016 in the last month off the back of rising oil prices. On the plus side the MC is a lot more realistic than it was back then pre-Jewell producing and the SP just needs to find a bottom to signal a swing failure pattern before there's any SP upside and I suspect there will be when Rangers starts producing but how much is anyone's guess given the management. Good luck to all holders.
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Mkt cap ! $50.11M |
Open | High | Low | Value | Volume |
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