Can you tell me what you find attractive in range in terms of fundamentals and technicals?
To me it looks like a co with poor cash management, one that is strugggling bravely against the tides of violence, corruption, politices, religion and greed (Puntland tribes and Aussie tribes).
Sincere question, why do you rate rrs so highly?
Fundamentally, it has no cash and (even on its own assessment) a difficult road to travel. Technically, over the last two years it would have to be one of the most obviously manipulated stocks on the ASX.
Say everything goes roughly to plan, how long realistically until rrs earns revenue and pays a dividend? Or how long until a major would be willing to take it over?
Seriously, what are your thoughts on these matters?
RRS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
