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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Range Resources Limited | LSE:RRL | London | Ordinary Share | AU0000065989 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.035 | 0.03 | 0.04 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
12/5/2010 17:15 | Thanks Alistair that explains alot | cavey2 | |
12/5/2010 17:15 | Alistair4444 ...Well I have read all you say.. so we can all expect a share price increase tomorrow, if that does happen I will congratulate you | sagem | |
12/5/2010 16:51 | Kinda explains the case posted on iii board Tuesday by livic1971 ... " This happens every day and its not sellers on AIM probably, the ASX closed at ~4.5p on 20 million volume. The MMs will sell the stock they bought on the ASX onto AIM and the price on AIM will hover around 5p today. Tonight the MMs will have to buy the shortfall between what they bought/sold on AIM on the ASX. This will drive the ASX price up tonight assuming more are bought than sold on AIM and tomorrow we open 0.25/0.5p higher than the ASX closes. Round and round it goes. We only fly as you put it when the ASX is closed for a trading halt as the MMs can't guarantee they will be able to get cheap shares and they let it go. Everyone should be happier today than yesterday even though the share price is 'down'. Why? Because every share is now backed by more assets than could reasonably have been expected. The share price is a short term variable. The increased asset backing will over time lead to a price that reflects those assets. We no longer have to guess how much oil we have and now know for a fact the value of the assets is higher than the current share price." | alistair4444 | |
12/5/2010 16:50 | Thanks Runbrian that explains a lot,i would expect that happened then as i couldnt understand where they got there stock from.They were selling huge vollumes but didnt seem to need any from our market at all,even the poor day traders struggled to make money on rrl,which on a stock thats had a 20% price swing in both ways in 2 days is ridiculous... I dont day trade as a rule and i wasnt that bothered what it did as like many on here its all about Puntland.. | twellerama | |
12/5/2010 16:41 | twellerama - as has been stated previously, it is possible to do this. Although this depends on the availability of shares on ASX - supply and demand, same as everywhere else. (arbitrage: definition - the practice of taking advantage of a price difference between two or more markets). | runbrian | |
12/5/2010 16:28 | I asked this question on iii but nobody answered so will try here.Could the mm's buy stock on the ASX market then sell it on ours??? The thought did occur to me when the report came out and the ASX didnt bite yet masses predicted 10p open.I actually had a pm argument with a guy when i predicted a retrace the next day,i was clueless and stupid and it would be at least 8p by yesterdays close according to him... The reason i ask is the spread which on this rise has been permanetley huge nearly 20% which mean the mm dont need your shares,they have plenty and just want to sell...so did they fill there boots on the ASX market?..thanks in advance.. | twellerama | |
12/5/2010 16:15 | cavey2 - I thought this to recently but now not so sure as theres more powerful fingers here than you think keeping level playing field until the correct time. IMO Around 21 million RRL shares traded LSE/Plus market today | alistair4444 | |
12/5/2010 16:11 | Ah sorry, you mean the REPORT, I was thinking you meant the latest note on spudding. Yes, you may be correct on the report. We wouldn't have got ahead of ourselves (or more specifically ASX), if that had of been the case, the rise would perhaps have been more sustainable. As things stand, we got ahead of ASX leaving it wide open for arbitrage. | runbrian | |
12/5/2010 16:07 | Please do elaborate as to why you feel this might be so, I'm intrigued... | runbrian | |
12/5/2010 15:59 | I'm not so sure..... | cavey2 | |
12/5/2010 15:51 | If RRL had released the report 7am Monday morning our time, could it have been completely different story? | cavey2 | |
12/5/2010 14:12 | Hey you little tinkers who were trying to ramp us into RRL yesterday....well I hope you're pleased I didn';t jump in. I'm keeping my cash into Cairn Energy.. .......oops sorry I meant RKH ;-) GLA nevertheless. | rutter | |
12/5/2010 13:27 | Latest Range news | alistair4444 | |
12/5/2010 13:09 | While the Atlantic Coast of Africa from Angola to Nigeria has long been exploited by multinationals, it took decades for players to turn their sights to the eastern part and focus on Kenya, Uganda and Tanzania. But now multinationals are jostling for hydrocarbons prospecting rights in the East African region given that Uganda has commercial oil deposits and Tanzania boasts of natural gas reserves. Kenya is yet to make any discovery. Very active The firms in the race include China National Offshore Oil Corporation which is drilling Boghal-1 well in block 9 in Kenya, Maurel & Pom of France carrying out exploration in Tanzania and Tullow currently preparing to move to oil production stage in Uganda in 2011. The East African region is attractive to the Chinese, who are already very active on the continent, because of easier and shorter transport routes to Asia. The region in exploration terms lags far behind the other areas with fewer than 600 oil wells compared to about 14,000 in West Africa and approximately 20,000 in North Africa. Dr Clarke said the Nairobi conference will have insight on world and African oil industry architecture and petroleum economics fundamentals, essential for petroleum players in Africa. "Key lessons for governments so-called "oil curse" and identifying African hydrocarbon future and emerging world oil paradigms, including shifting relationships with corporate players will feature," he said. World oil resources endowment and reserves (including peak debates) is a thorny question relevant to large and small companies, state-owned entities and governments shaping energy game. Hope investors ARE listening | alistair4444 | |
12/5/2010 11:10 | You couldn't sell at 6p yesterday, 5.25p was the best offer, the day before you could have got 5.425p right at the close. But hey ho I'm not bothered about trading this and 700+ posts on iii is truly ridiculous. This is a 6 month minimum hold and folks are going to burn themselves out writing about every 0.25p movement. Will look in again when Georgia farm in or Smith 2# results announced. ''The number one priority is that I ensure (in any way i can) that I still have all my shares in an ISA when the Company assists with the drilling of the first on shore well in Puntland in over 17 years.'' | seroxat | |
12/5/2010 11:05 | Cheers Alistair. Think im going to turn the computer off and come back in september. | mingle3 | |
12/5/2010 10:36 | mingle - From what I can make out lots going on in the background just a smokescreen surrounding info. | alistair4444 | |
12/5/2010 10:11 | Spread betting companies love these oilers and the volitility - if you play them on margin the odds are seriously stacked against you. give it a few days to settle down and i expect a nice move up from here | hardassets57 | |
12/5/2010 10:04 | Are AOI still looking to start aug/sep?? | mingle3 | |
12/5/2010 09:52 | Giannis, I always check on how to spell rumour, because it always looks wrong. I think it is ok by some to use rumor (USA perhaps?) but hardly ever the way you tried it. Sorry about the trivia. | hawks11 | |
12/5/2010 09:50 | Thanks Captain for anyone who missed the new updated Africa Oil presentation here | alistair4444 | |
12/5/2010 09:48 | Added more into ISA; expecting great things long term hold | parvo | |
12/5/2010 09:41 | Alistair, Well spotted re-presentation. Guys its the 5c/2.9p shares that's holding this one back at present. Again we're seeing some shares dumped today at 3.75p. As long as these folks and shares remain in profit we may not get the race off at this stage until many of these are cleared out. Captain Nelson Forties | captainnelsonforties |
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