Been watching RIA for a while now, waiting to see if the SP would drop back from their run a few weeks ago into the mid-30c range. At recent low prices over the past few days, I'm happy with this as an entry.
Firstly, I'm hoping that we might see a bit of a spike around new year if we get more confirmation of the drilling approvals for
late Q1 2012.
I am aware that RIA might 'go to the well' for extra funding but happy to invest some $$$ here and see if a spike hits first.
If not, guess play it as a BESBS play. The target is big so should get interest nearer the spud.
Time will tell but at these prices, given upcoming drilling in late Q1 2012 is a big target, the SP has been triple its current levels within the last year or so, and a historically low SP (within 10% of annual low) now presents itself, it ticks enough boxes for a punt.
DYOR as I am no expert in this game.
Holding RIA at 26.5c