Range Resources Share Discussion Threads

[1manos] 28/6/2018 09:03

I'm not the sharpest tool in the box mind ( as my Stalker keeps on pointing out, morning lewis)

Trin producing multiples more oil than rrl,
Ended up in financial hock.
How is producing 700-800 bopd sustainable @90 millions of debt.
This has got to be coming to a head very soon.

What price was this when the chinese took over.
dabbling in minnow oil companies is generally a horrendous decision.
Just saying... as always ... sell.

[nas_daq] 28/6/2018 09:00

Lewis youre deluded the share price is 0.15p bid for a reason and the only reason range is still trading is because the lenders were charitable and extended the terms of the loan for no benefit, what business does that,Range cant afford to drill, have no new clients for RRDSL , shell havent come back for me.....its all going down the pan

[nas_daq] 28/6/2018 08:57

Not very well by the looks of it

[celticheart07] 28/6/2018 08:54

Neither are you a baker, you pretended to be Welsh not so long ago as I recall

[thebreadmaker] 28/6/2018 08:41

Lewis - 1. I am not Manos 2. Borrowings need paying back and 1000 BOPD doesn’t pay debts so placing is highly likely 3. If no placing Range will default

Debt is rising even with POO rising

[kwizza] 28/6/2018 08:26

Wonder how they are progressing in Indonesia

[lewisyfawr] 28/6/2018 08:09

Borrowing. Manos, you made a lot about this when Landau borrowed at credit card rates (over 20%) and then Rory - who must have been very shocked at what crawled out of Range in 2014 - also had to raise money at expensive almost last resort rates to keep Range afloat.

You called them Wonga rates, if I remember. But 20% is a bit different to 4000%. So credit card rates would be more accurate than Wonga rates, even back then. And, if you ran a slide rule over the financial position in 2014, we were going to sink. A point you continually made, and you have been WRONG, WRONG and WRONG for 4 long years now.

One of best things RSR did was appoint Nick Beattie as CFO, and it seems he has kept Range trading, has controlled borrowing well and has arranged repayments and interest pretty well.

[thebreadmaker] 28/6/2018 07:59

Lewis - please explain how they are soundly financed with 90m debts and no finance plan in place to pay debts?

If my business carried on like this the banks would pull the plug

[lewisyfawr] 28/6/2018 07:57

Thanks CH. Now which of the manos personalities will taker over where nasmo or soman have left off. Perhaps we will get a return of omadawn (surely another version of same poster). He/she ramped the backside off this share once he had bought a few hundred thousand. Beware of him/her doing the same thing on here in a few weeks. WARNING. It is only one poster and he/she will dump their new shares as quick as they can. He/she is one selfish person who has dropped investors in it in the past. All in mho.

[thebreadmaker] 28/6/2018 07:56

Nas_daq - any opinion on the charts 😂😂😂

[lewisyfawr] 28/6/2018 07:49

How long before we get a proper post today? Haven't read any of them, and won't. At least Range will be posting some answers to questions today. Who knows manos (alias nas in another version of oma) may have one of hers (or his) questions answered.

Oh!! Manos has no shares? Shame!! Glad he has time to post on here as breadwinner is he the breadwinner?), Running Bare (not a pretty sight?). Should we read his/her posts and take notice? Do your own research into the way they have tried to diss Range and CH ever since 2013 when the alleged crook Landau was in charge. Range and shareholders are well beyond those days nearly 5 years ago when everyone was losing vast amounts after trusting Landau's spin and hype. Looks like Range is developing into quite a useful little oiler that is soundly managed and soundly financed. Let's hope so.

[celticheart07] 28/6/2018 07:45

18 posts to try and bury good news, quite pathetic:

Check out the graph on WTI and the impact it will have on Range's income

[IMG]

[nas_daq] 28/6/2018 07:33

I think the review is too polite and underplays your losses

[nas_daq] 28/6/2018 07:32

No wonder range aren't drilling any new wells they haven't got the cash to drill .......oh dear

[nas_daq] 28/6/2018 07:31

Unfortunately for range they haven't had much benefit from the uptick in wti as the SPT has taken most of the gain, however is wti average is 68 this quarter it will make a difference of 3k a day 270k for the quarter not to sniffed out if it was profit but when your interest bill is in the millions of dollars you can see why the share price isnt moving.....poor rampers its Harding skiing uphill........lol

[nas_daq] 28/6/2018 07:24

Things cant be good in Indonesia, recent well opening was due to be completed by end of May 4 weeks later no update.......oh dear not looking good

[nas_daq] 28/6/2018 07:20

I wonder if the auditors will,sign this year accounts off is there is no way they can pay their debts back and they need to show a credible plan to do it

[nas_daq] 28/6/2018 07:20

Anyone any idea what the full year losses will be Ill go for 11m which will take the debt to over 90m......ouch

[nas_daq] 28/6/2018 07:18

No wonder RRDSL are struggling with new clients when the authorities ban range from adding licences

[nas_daq] 28/6/2018 07:16

Doesnt look good over there no wonder no one was interested in those licences

[nas_daq] 28/6/2018 07:15

Why don't you comment on what matters profit and ranges lack of them

[nas_daq] 28/6/2018 07:14

The higher it view the sharper the pull back in wti.

[nas_daq] 28/6/2018 07:14

Surely pun intended we are one person