we are in the hands of the uk traders

I was surprised to see the share price go back to 6.61p = 10.7c.

However, from a technical point of view there was a big gap to fill from the previous nights trading which is nearly done.
UK traders control Ranges price action, with nearly 70% of shares listed on AIM.

I feel the enthusiasm in the news which drove the price upwards of 9p was overdone and a price settling in the 7's a fair level at present.

As such, I think it is now oversold and will find its way back to the 7p plus level very soon.

As far as selling at current prices on the ASX , I would seriously consider the huge profits which could be missed in the near term.

Drilling is to begin in Georgia in Q1 2011 which is only months away. We will get alot more information regarding this drilling campaign as we approach the new year.

We should also expect a good flow of news regarding the Texas operation and may be surprised with some news regarding Trinidad.

All in all, exciting times ahead and the patient will be rewarded.