PL's tied up at the moment with great announcements for Range Resources [RRS] of which he is a Director. Looks like a great oil discovery in Somalia about to be confirmed in the short term. 1000m left to drill but indicators so far all good. The sovereign risk is too high for my liking. Remember, this is the home of the Pirates who board vessels at sea. In one of the last updates they confimed no security occurences or operational problems. So nobody got shot or kidnapped in the last 3 days. Just imagine trying to develop a production facility, let alone drilling wells. May become the largest white elephant in oil with up to 4 billion barrels held to ransom. Check out the RRS thread on HC and their announcements. Can you imagine PL getting around with a shotgun down his trousers ?
Good to see the price of Platinum above gold again. If the Gods shine on NKP soon the price of Platinum could add a few cents, especially if it keeps going up.
NKP Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
