Investment that will pay off big? Sometimes I just can't help beeing curious about how people think when they place their orders in different stocks. Especially when it comes to RANGE ENERGY RESOURCES. I see people on the bidding side wanting to pay 1 cent, or less, per share. The thing is, if no oil is found on the KHALAKAN BLOCK, this stock will be WORTHLESS!
Rest assure that the ordinary investor will be the last one to know if the drilling campaign is a failure, and the share price will go from 3 cent to 0.5 cent within seconds. Those who placed orders to buy at 1 cent will end up with a stock that is impossible to sell.
Having that said, the drilling campaign could of course be a success and the share price could reach unknown heights, in no time. We just have to wait and see what the future holds, and what comes out of the arbitration hearings.
IMHO, my point is this ... if you're willing to take a risk, then buy. If you only want to pay half a cent per share ... well, then the chances are that you will end up with the short end of the stick.
As always with this kind of stock, be prepared to lose everything or maybe, just maybe, it's an investment that will pay off big.
GLTA / Bubo