RE:RE:Pump & Dump PeopleLadyLuck wrote: bubo wrote: It's been a while since visiting this bullboard.
I'm sad to see that so many people's been conned into buying
RGO shares by the pump & dump people.
Range Energy Resources will need A LOT MORE MONEY before making a profit.
They (NEW AGE) are going to drill at least 8-10 more wells on the Khalakan Block.
Where do you think the money for that will come from? Your pockets!
If not by dilution then by loans at high interest. Loans that will
have to be paid before any shareholders will see any money.
Link:
https://www.newafricanglobalenergy.com/operations/kurdistan/ The RGO cost for all these drilling at least = 30 million Canadian dollars.
RGO current MktCap = 4.28 million Canadian dollars. You Do The Math.
I've been optimistic in the past, but now I think best case scenario ...
I'll break even year 2025.
GLTA / Bubo
Let's hope before 2025!
And also ... there could be a reverse split 1 for 10 or even worse.
That could drag the share price down 50-90%.
Well, well ... TIME WILL TELL.
GLTA / Bubo