RRS 0.00% 0.1¢ range resources limited

rrs receives a$0.26 price target , page-5

  1. 201 Posts.
    It will take some time maybe a couple of years for RRL to Ttract a new batch of suckers to invest in whatever story they will be selling then.
    Anybody who has bought RRL in the last couple of years and not traded them at all will be looking at a paper loss at the moment and if they have been invested for a reasonable time they would have come to the conclusion that the BOD have always missed on deadlines and have been disappointing to say the least.
    They will have experienced the endless dilutions, the hyping of their projects with dire results, the purposely written vague and ambiguous RNS's. The lies and the half truths. Believe me I can go on and on.
    I doubt whether the same old investors will be putting any more money into buying RRL shares even at these 2year low prices.
    Just look at the response on the SP to the last RNS the TT update which I considered to be one of the best RNS's RRL have issued in my over 2years of being invested in this company. It was as if it fell on deaf ears.
    I reckon if that type of RNS was issued by a company whose management had not lost their credibility and were not perceived as liars and con artists then the effect to the SP would have been much much more positive.
    RRL had almost like a cult following where anybody who even questioned even the missing timelines was sent to the back of the class and given a short sharp shrift.
    I reckon it will be a long time before they can find a new breed of these cult type followers.
    Most investors who I know have invested in RRL are just waiting for it to get to their break-even price and they will bailout.
    I just feel sorry for people who bought into the hype when the SP was run upto 24p within a short time.










 
watchlist Created with Sketch. Add RRS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.