RE:thom calandraRumor of Standard Charter gonna fund RAGO 15 mil conventional loan for drilling the Montery Shale Kettleman Middledome project. Standard Charter is under scrutiny from Carson Block of Muddy Waters Hedge Funds for lending 30 million dollars in a Conventional loan to penny stock (OTCQB:FEEC) Houston based Far East Energy.
IMHO somebody knows something with RAGO skyrocketing from 04 to .45 with very little profit taking if any,looks as though someone or group bought up the shares back in May knowing the Company is gonna have something very material in nature that will send these shares into Dollars land. Thats my speculation only but I am gonna make my bet tomorrow because I think if Standard Charter or some other large investor backs RAGO the shares will explode. Risk to reward could be a bonannza here.