Range Resources Share Discussion Threads

[ken2000] 16/1/2019 17:07

What about the buy 9mil + earlier or 1million @ 0.040 putting it up 33.33% ps what a shame we dropped down 4th in the leader board. pps corrected now third.

[titasiinitramho] 16/1/2019 17:05

There was a buy at 4pm for 9 million shares costing £3,000, then about another 5m odd bought before close..

About 2.6 million worth £800 dumped after the bell but looks like the broker woke up and only gave 0.031 on the second attempt.

Crazy that about £7,000 in trades puts £500,000 on to the Mcap.

Almost seems a reasonable alternative to buying lottery tickets.

I better grab some food before I do something stupid, I'm getting tempted. ha ha ha

[nas_daq] 16/1/2019 17:04

16-Jan-19 16:37:22 0.031 2,677,508 Sell* 0.0350.04 830.03

[celticheart07] 16/1/2019 17:02

"Oh dear look at all those sells after the close....."

You mean this one trade that was placed then cancelled and placed again:

16-Jan-19 16:37:22 0.031 2,677,508 Sell £830.03

16-Jan-19 16:37:22 0.036 -2,677,508 Sel -£963.90

16-Jan-19 16:37:22 0.036 2,677,508 Sell £963.90

[celticheart07] 16/1/2019 16:58

Share Price: 0.0375 Bid: 0.035 Ask: 0.04 Change: 0.0075 (+25.00%)

[ken2000] 16/1/2019 16:46

Come on guys get in before it's to late!!!!

[nas_daq] 16/1/2019 16:38

Range Resources - A New Beginning - Post 15565 RRL Range Resources ken2000 16 Jan 2019 16:28
ken2000
Up 33.33% what's not to like Range?

The current share price for starters..... 0.0375p lol

[rangenoresources] 16/1/2019 16:38

Would it be great if the buys recently if it was somebody looking to take Range out and have all shareholders shares.At least the rampers will have to sell at say 0.05 ha ha haMassive losses ha ha ha

[nas_daq] 16/1/2019 16:36

Looking forward to all the sells at the open when the numpties realise they can get out of this dog having made the silly decision to try and top up at 0.03p.

[titasiinitramho] 16/1/2019 16:34

25% up now (with a 14% spread)

I stand corrected, he now only needs a rise of 51,875% to break even.

might be able to get a real fish supper and not Aldi fishcakes in verge sauce if this keeps up.

[nas_daq] 16/1/2019 16:32

Can’t wait for the fakebook kings delight at clawing back another £300 of his £44,250 loss this morning, kinda puts it in perspective what’s not to like....he is still getting kicked out when this goes under...

Luvvly jubbly

0.035p bid initial purchase 13p......lol

[nas_daq] 16/1/2019 16:30

Poor kenny topping up at 0.1p getting excited by 0.035p bid.....lol

[nas_daq] 16/1/2019 16:28

Already dropping back, pump and dump lots to love

[ken2000] 16/1/2019 16:28

Up 33.33% what's not to like Range?

[titasiinitramho] 16/1/2019 16:03

celtic says "Range up another 8% today something definitely on the horizon"

An 8% rise (because the bid was raised 0.0025, ask remains 0.035) and something definitely on the horizon. (that's "DEFINITELY", not possibly or maybe, but "DEFINITELY" on the horizon).

Does saying "definitely" constitute "just my views" or is it being presented as fact. who knows, its not like the buffoon has ever been correct with his theories before, so why should today be any different.

Anyway, forget the 99% drop, that's completely irrelevant, but an 8% rise, well whaddya know, somethings "definitely" on the horizon. The "something" he can see is probably the funny farm that they will be dragging him into.

What a pilchard. a pilchard fishcake in sauce verge. ha ha ha ha ha ha ha.

I knew I would get a giggle if I visited here today. The clown definitely never disappoints.

Still, only needs a 51,900% rise to get back to 13p. every little helps.

[nas_daq] 16/1/2019 15:36

Rnr

These rampers aren’t very good at it are they 😄

[rangenoresources] 16/1/2019 15:27

Off topic - Great day over at Debenhams Another 4% wiped off and will close under 3pWhat's not to like

[qantas] 16/1/2019 15:19

Great day for range up (+8.33%) UP UP AND AWAY.

Please do your own research as always.

[nas_daq] 16/1/2019 15:16

ange Resources - A New Beginning - Post 15551 RRL Range Resources Celticheart07 16 Jan 2019 14:51
Celticheart07
Range up another 8% today something definitely on the horizon

Yes I would say so, time on your overdraft to facilitate your gambling 🤣

[nas_daq] 16/1/2019 15:14

The fakebook king loved trying to get this post removed as the truth hurts, perhaps someone should post it to him so he has a hard copy

When I gave you Donald Duck as the final name on the list it was to use the vernacular for the term Donald ducked which describes where this company now finds itself.

It is an abridged version of what I could write but it succinctly sums up the situation.

Mendacity is a term I have often used to describe this company. You can now add hypocrisy.
Quite what word you could use for issuing the half year results, which foretells the destruction of the Trinidad assets, after you have been trapped via the share cancellation I will leave up to you.

Nothing I write will alter or ameliorate what is going to happen.

I could write about the truth behind the stockbroker recommendations answer in the last Q&A..
I could tell you who really owns the fake Georgian assets on our balance sheet.
I could show you why the mendacious corporate development officer is running around trying to figure out which dog ate the share certificate of the non existent Guamanian assets.

I could show you that the Indonesian transaction actually predates the arrival of the drilling rigs on Trinidad, was abandoned in the spring of this year and was frantically rejuvenated when it was clear that they were not going to gain re-admittance to AIM as a smokescreen to cover why they really are being denied access to the UK investors pockets.

I could show that the 160 personnel we are taking on with the failed LO Caribbean service company have not generated a brass farthing in independent income in 2017 to date.

Does it make you any happier to know that the Range BOD choose to separate themselves by as many miles and as many time zones as it is possible?.

Would any of those revelations make you any happier?. They certainly wont make you any richer.
The BOD has gone feral and I think the FAC are aware of that.

We had the annual report of another AIM company claiming that Range were going to use your money to purchase from them a 20% interest in an asset they no longer own and pay them a royalty from the income stream belonging a conglomeration of Chinese companies.

The FAC require a lot more than paper shuffling to allow Range back onto the AIM market.
At least two and probably 3 directors and senior managers need to be ejected.
The callous and mendacious corporate development director would be my first choice.
The CEO whose penchant for positioning himself on planet earth as far as humanly possible from any of Ranges assets or fellow managers would make himself a strong candidatealsothe fact is .

Also the LO place men, who are both superfluous now that LO are leaving and are tied up anyway the the liquidation of LOs other failure Anterra Energy ,should also be shown the door .

You can console yourself with the fact that despite the lies and misinformation emanating from Wales and Graham - Wood that in the absence of an AIM listing the RRDSL deal cannot complete.Completion of this deal will prove to be the epitaph for this company.

I will expand on any of the above points if anyone really wants me to but it will not make for pleasant reading.

I will leave you with the following to consider.

When this company has undergone a corporate makeover in the past, Landau to Scott-Russel, Scott-Russel to Chen, the mendacious an disingenuous come on the BBs to advocate putting the past behind you only look forward.

In the metaphysical sense we have waved goodbye to Landau, RSR and Chen. However from a corporate perspective it is not possibly indeed it would be illegal to even try to expunge their existence.

Every individual who has ever worked for the company since the day of its incorporation, every asset purchased, every mistake made, every success achieved, every asset write-down,every impairment charge, every sale and every cost leaves a permanent and indelible mark on the corporate entity that is your company.

The physical manifestation of this is the Accumulated profit/loss figure found in the equity section of the company reports.

The end 2014 figure, just before Range entered its first suspension was $USD 291m loss.
The end 2016 figure, just before Range entered its second suspension was $USD 368m loss.

The current Mcap is £26.6m

Bear in mind that the Accumulated loss post withdrawal from the water flood will be far, far higher and the FAC will have seen a draft of the year end figures.

How would you deal with the situation if you were sitting on the FAC AIM governance committee?. Would you be happy to allow a company to list on the market when it had lost it's shareholder over twice its market cap in the previous two years.

Would you not take your duty of care to the wider investing community seriously enough to question whether such a company should ever attain a listing in substantially the same form as before?.

Make no mistake LO are walking out on Range, having induced them to take on approx $60m in debt for no material gain in output. By failing to deliver on the own EOR plan which they have charged us $5m they have seriously impaired the 2P reserve figures.

This impairment will in all likelihood exceed the debt they have landed us with, as the majority of the Trinidad reserves comprise the water-flood assets..

To top it all off they can't be bothered to drag their failed Caribbean oil service company back to China. They want to dump their useless assets on the Range shareholders. Remember when we sold them Rig 6 and 8 they were working exploration rigs, it only took them a mater of weeks to turn Rig 6 into a Roman Candle and now we are expected to buy it back.

Even the new rigs aren't up to scratch. It only took LGO a couple of days to work out that Rig 18 would need modification to make it cost effective in Trinidad, something that RRDSL failed to recognise in over two years of overcharging the Range shareholders.

To top it off Leo Koots has now arrived renaming LGO to Columbus and calling a halt to the infill drilling program that was the basis of RRDSL gaining any independent income.

Even then LGO only hired the Rig, they would not touch the staff bringing in their own operations staff.

The last quarterly report showed that the Range shareholders subsidized the RRDSL staff to the tune of $USD 3.6m, via a loan. That is an annulled rate just shy of $14.5m dollars, more than the cash that will be left post the completion of the other two assets.

Range cannot afford 160 hammock stretchers.

Quick question ---- in the event that there is an outbreak of common sense and the RTO is rejected. Just how do RRDSL propose to repay this debt given that their only source of income is from Range itself and is over two years into the future?

Final question ---- just where are the synergies in buying an onshore service company and and offshore well stock. Beats me too.