Range Resources Share Discussion Threads

[dojiwankenobi] 25/11/2019 23:21

((((PUBLIC NOTICE LEWIS IS RAMPIMG))))
1:100 reverse split....There is always a loss for investors in a Reverse Split. One always hears that the stock value will be the same despite whatever ratio. However, what you DO NOT hear is about the initial investment. The market fluctuates daily, so it can be unpredictable sometimes. When the market is down, unless you sell, there is no loss.

Basically, you ride the wave, waiting for it to return to or above initial investment. Now, if the Reverse Split takes place BELOW your initial investment, you will receive the number of shares based on the current market value, NOT your initial investment.

Since you did NOT sell, you can’t report the loss for taxes. Now, you will NEVER be able to RECOVER your losses with less shares, especially if the Reverse Split was 1:100, and if you sell now, your current shares/value does not equate to the initial investments. Now you have capital loss without you selling.

Basically, it like you gave free money to the company or they robbed shareholders. Reverse Split good for the Company, bad for the shareholder.

Doji Wan Kenobi

[dojiwankenobi] 25/11/2019 23:17

Fin - he's just ramping mate, as my other post prove that consolidation at this level is just sleight of hand..

Doji Wan Kenobi

[lewisyfawr] 25/11/2019 21:12

Just to clarify. I am not saying that LTH on averages of 3p will be delighted next week when shares worth .03p each in Range suddenly become 3p each in Star Phoenix. And their shares in a small Trinidadian oiler run from Perth suddenly becomes a different company, with a totally different business plan, mission and direction.

I am saying THEY WILL SUDDENLY GET INTERESTED AGAIN. And consolidating shares and making all these changes to name, share price and mission statement will probably do us all some good. MCap has been up to £100m since I have had shares in 2014. It is now only £3-£4m, the cost of a nice flat in central London. Lot of upside possible for Star Phoenix.

[rangenoresources] 25/11/2019 20:50

Fin - waste of time as the man has the intelligence of an imbecile

Remember he worships Celtic and we know how stupid he is

[fin8108] 25/11/2019 19:36

Can someone on the other thread explain to Lewis that if you have an average of 3p now then your average after the consol will be £3 on a share price of 3p. The consolidation isn’t good news unless there is lots and lots of positive news that 100 bags from 3p.

[1manos] 25/11/2019 19:07

Also this Wilson energy carry on?...let's hope it's not the Wilson bros off the Meadow well estate them 2 are worse than the Krays.

[lewisyfawr] 25/11/2019 18:02

Two RNS today. Market reacted with 8.77% increase to .031p.

That should change from Range Resources at 0.031p to Star Phoenix at 3.1p next week. Shareholders on averages of 3p and above will suddenly get interested again. Should get Range/Star Phoenix a bit of free publicity. And any publicity is often good publicity - will put company on the map again.

Happy Christmas to all shareholders of this exciting new share rising from the ashes of Range. Everything to like.

[1manos] 25/11/2019 17:27

Far to many negative Nelly's this won't drop anymore than 75% b4 crimbo and a
further positive the toon draw no bet looks decent.
1manos staying positive

[dojiwankenobi] 25/11/2019 16:43

"""Our value in monetary terms remains the same though as I understand it we just own far fewer shares"""

yep, bend over.

Doji Wan Kenobi

[dojiwankenobi] 25/11/2019 16:40

lol, it'll be an interesting week alright..!

these two clowns have been fired out of the canon too many times methinks..

All this then they are going to get a large dose of consolidation then hit by short traders to take it back down.. I wonder how RRL will announce the rig deal is off...

Doji Wan Kenobi

[leewink1] 25/11/2019 16:36

Of course, every RNS is BS isn't it ? Wow, some really stoop low aye.

[dojiwankenobi] 25/11/2019 16:29

Rig sale - hmmm, lots of sells, back in the red. More sells tomorrow.

Doji Wan Kenobi,

[rangenoresources] 25/11/2019 16:22

Winky - nobody knows if Rig sales are going ahead How you can say it is from the RNS released is mischievous at best and blatant ramp at worse

[lewisyfawr] 25/11/2019 15:55

The rig sale seems a win-win to me. Wilson clearly want these rigs and are willing to pay cash of almost the MCap of Range currently.

Yet a delay in payment is agreed on condition they give us penalty cause cash. And if sale does not complete in January, both parties pull out of deal, Range still have their asset which is worth quite a bit of cash, and we do another deal.

Not rocket science, is it. Just simple business, bit like buying and selling an expensive house in London. Yes, householders get v worried if a sale does not go through on time, but you don't immediately think: "this is a terminal tragedy. I cannot go on with life".

Same as if you had valued your own house in expensive Home Counties at £5m, but valuer said it should go on market for only £4m. But you then got offers lower and eventually decided to accept an offer of £3m and now that bargain sale has been delayed by 2 months, and may now fall through.

Is your house therefore now worth absolutely nothing any more? And will no one ever ever buy it?

[rangenoresources] 25/11/2019 15:54

Why would buyer paid late fees for faults that are with Range producing licences?I smell a rat

[fin8108] 25/11/2019 15:36

I’m all for this sale completing but let’s be honest. Nothing has completed and I’m pretty sure the buyer could easily say here’s the 3.6m and we won’t be paying any late fees. RRL are not in any position to me making threats and penalties at all. Basically nothing has yet happened or been confirmed/signed off. We are in the exact same position as we were 4 weeks ago with regards to the rig sale.

[leewink1] 25/11/2019 15:35

At least you know it's happening, take a month, take as long as you like, it's coming, the sale is done.

[cymrurhydd] 25/11/2019 15:33

You have to laugh at the news range put out these days....
Let’s get this right Wilson will pay a late fee of 3600 a day because range can’t provide the ownership document from the Trinidad authorities
You couldnt write this stuff but range actually publish this bs....

[leewink1] 25/11/2019 15:27

Will be ...

[rangenoresources] 25/11/2019 15:26

The coco's are going on as though the rig sale is a done dealThey never learn