RRS 0.00% 0.1¢ range resources limited

very entertaining

  1. 961 Posts.
    Very interesting thread kids, more moderation and suspensions than the rest of HC combined.

    To the detractors - lots of history and knowledge, try not to get suspended though - I prefer to keep leaning on this valuable resource.

    To the newbies - try and not let knowledge scare you. HC won't change a co. like RRS. The worst that can happen really is that you learn something

    I'm thorough in my research

    My take on RRS

    Risk?
    Well its oil+gas
    Its Somalia
    The board misleading
    Yep - risky as

    Upside - pretty big - these guys are shooting for the moon.
    That Georgia play alone is huge.
    Somalia - the tenements are the size of Texas - well at least half. Is it any good? Not sure - but somalia is the closest thing to the oil states that Africa has.

    I'm in - 5% to 10% portfolio

    Last time I posted those %%%% was my first post on BUY at 3.3 cents.

    Difference here - Somalia/Georgia may have oil unlike PEP11

    Detractors
    Timing is everything lads - investing today in RRS is a LOT different to investing in two years ago when it was over a dollar.

    Newbies
    If you make money from RRS - it is because people who have lost money got it this far.

    My theory - the next big thing for RRS is definite signs they are really talking to the Somalian government.

 
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