uk analyst ? not that good, page-2

The next quarterly report is at the end of January. While it's not entirely impossible RRS/RRL could be 10p by then, it sure won't be the quarterly report that does it. Progress with Texas, the former Monitor acquisition of Georgia, and a bullish Georgia CPR and helium survey result would be the only way of getting there.

Texas is worth ?66m so 10p a share would be valuing Georgia/Trinidad at ?94m fully diluted (1.6 billion shares). That's a lot unless there's real evidence of prospects about to go ahead, with good CoS figures given.

Some idea about funding for this campaign would be useful to know as well. We only have cash for one drill so far. If there's to be a farm in partner then so be it. Likewise if we're going to dilute further and keep the 50% then so be it- but let the market know as nothing holds a share price down better than an anticipated announcement of dilution.