Well this whole 'letter' thing, fraudulent or not, has been a positive for Range. It has reaffirmed the Puntland Govt's commitment to the project. They are willing to cut ties with the TFG as opposed to ending the deal with RRS. IF all the letter was authorised by the TFG prime minister, watch for a backflip from the TFG. There is no way in the world they can afford to lose Puntland as not only a financial supporter, but a diplomatic one. This has brought it all out in the open, its a win-win for range as Puntland obviously doesn't want to lose their right to exploit their own natural resources. The tree has been well and truly shaken out, and now only the long termers are in. Watch for a rise to the mid 4s next week. DYOR
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
