"The $7 valuation is fake.. its valued as if a discovery has already been made, which is unethical.....its rubbish...."
I couldn't agree more little crude. Cause it's based on 500mbbls and a USD $30 oil price. Current oil price USD$71, potential reserves 5-10billion barrels. Now do your risk reward on them apples and you'll see what all the fuss is about. The Risk of course being discovery and political. The second has been sorted out and the first is being dealt with by people experienced with the geological structure thats a continuation of the Yemeni formations which are hydrocarbon bearing to the tune of 9b barrels. So you should be smart enough to work out what that means. Not to mention the minerals Uranium (10% of CTS as well) and the 100% offshore hydrocarbon rights. You can earn an income from the way you trade but real wealth in this game comes from taking big risks. If your not keen stay away from companies like this. The people posting here are aware of the risks and if they aren't and haven't done their research then they deserve to get burned. Lessons are best learnt the hard way. You are obviosly out of your comfort zone with this stock but please stop preaching your values to those that aren't interested in your cotton ball approach. Good luck with your holdings.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
