Sovereign risk Religious War Clan interference The questionable legalities of the agreement beteen Range and Puntland International recognition The impact of any agreement between Range and a JV The inevitable delays The construction of infrastructure The seismics Assays Price of oil and minerals Raising of finance Board members and on and on and on it goes ..... You could make a check list of 100 different issues. And the numbnuts wonder why the SP isn't responding to 'great announcements'. Typically, the bigger players are prepared to forgo gettin in at bargain basement prices and wait for the risk / reward to be in their favour. so far the SP is down on what it was one year ago ..... and those that held took all the risk for no return.
.....
and this is all before they drill!
If Range somehow end up with 1% of all this they've done well.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held