even if they spud the upside for range is very limited because of the dilution (more shares to consort) and their 20% share. if they prove up 1bbo, RRS is still only worth sub $1, based on FA(check website of rrs). mangement doesnt have a good record of realising shareholder value either.
plus 12 months escrow for consort is nearly up.
ans 12 months exclusion for capital raising is also nearly up.
on top of all thats range have said they will sell off the 20%,
80% cost 5million and i cant see the remaining 20% costing more. Puntland recived nothing for the deal of note, consort did, but who are they? some have suggested its exchange and donnelly and i think they are on the money. hence the sp action.
going by your logic why did consort sell at 90c last year when drilling was so close? remember that farce! its now 14c and the message is still the same, its always cheap but it somehow gets cheaper.
RRS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
