Red Sea Oil Corporation (RSO) Message Board

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Gold/Mining/Energy : Red Sea Oil Corporation (RSO)

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To: Donald Lickman who wrote (207)	2/9/1999 10:42:00 AM
From: Greywolf	Read Replies (1) of 332

Not a bad idea, Worth a good hard look! At a about a buck a share this little project is despite the current situation - cheapish. We are now hovering around some of the early placements share price and there has to enough interest out there to not let this company go "Lundin cheap". There were a number of bigger block's that changed hands last summer at levels around a $0.60 above today's price. Most private placements are at the $1,20 level and up to $1,50. The big right's issue in Nov 97 was at $1,25 if I recall rightly. I have weighted over into RSO over the last 6 month's maybe it is time to increase the weight.

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