How many holders can say with 100% confidence there is oil there. Hopefully we have done our own research. I know how much I think there is.
How many holders know the liklihood or importance/facts of the political risk?
How many general investors are risk adverse? ie. see risk as the enemy.
How many holders know the true amount/liklihood of money that needs to be raised by debt or equity in order to produce? (remember range only holds 20% plus comm.)
How many can say with certainty that the world economy including ASX will not stagnate for the forseeable future?
All of these risks and many more add to uncertainty.
If risk/uncertainty is a factor or can be derived to be a nominal amount for valuating a co. then is it fair to say this uncertainty is playing into the current value.
Just my opinion. It is not a loss until you sell
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
