I remember when Range went on its recent bull run to 25p on the AIM. That was market cap of around ?350 mil with Georgia/Puntland and its small scale production play in Texas. I suspect funds were buying into RRL after its admission to the FTSE all share index and this helped propel Range to those levels. This was all before the 100% TT acquisition. RMP currently have a market cap of around ?30 mil which is why I think we could see RMP catching up to RRL once the AIM listing is complete.
Junior?your strategy of top-slicing is the classic way to play this type of oil play. I think you?ll get the chance to do so before any drill results are known. Good luck to you. I?m unsure how I?ll play RMP, I suppose its all about greed and fear, I?d like to leave a big pot on the table for the results but we?ll see.
Imo/good luck.
thefozzer
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Open | High | Low | Value | Volume |
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2 | 386956 | 0.023 |
2 | 659999 | 0.022 |
2 | 800000 | 0.021 |
4 | 439995 | 0.020 |
Price($) | Vol. | No. |
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0.026 | 675000 | 2 |
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