Range Resources Share Discussion Threads

[k1ngkonggb] 14/5/2010 09:28

So I'm guessing that Sagem is only here for a short term burst!!! At least PW does throw some factual degree behind his/her posts, not that I agree with them!!!

[california joe] 14/5/2010 09:18

Or are one of the biggest frauds on AIM Dr.J! :o)

[dr jekyll] 14/5/2010 09:13

As you imply CNF, patience is the key with investing and slow and steady growth is best for the highest returns. Selling too early has been my biggest mistake apart from investing in companies that go bust of course :)

[cashandcard] 14/5/2010 09:13

PW, Sagem,

I don't think you understand the reserve report. What on earth do you think the 'P1' relates to? .....Smith maybe? They have given us a resource estimate for the remainder of the acreage, P2+P3, which WE and Crest (and third parties) will have to prove-up with further wells ala RB. To say this is worthless because the share price is falling (on the back of traders exiting) shows your lack of understanding in these type of investments. Maybe a bank account is better for you? Definately for PW, he's already admitted to getting burnt on AIM.

Cash

[spangle93] 14/5/2010 09:07

Does Peter Landau usually respond to emails fairly promptly?

[hardassets57] 14/5/2010 09:05

Shugmonkey - i dont see any reason to argue with anyone. Its just an observation.

Thats why i suggested how surprised i was with the type of deramping.

Pwhite is a bit too obvious and emotional to be taken as a serious participant, but maybe some just hear all that huff & puff and dont notice the lack of substance.

Trades on AIM & PLUS now over double levels on last night's ASX session.

how can anyone question where the significant market is for this stock??

[california joe] 14/5/2010 08:58

Sagem, can't see quite why people feel the need to wind people up in the first place! If you went into work each day and people did the same, you would be bloodying a few noses! We're here to make money, I prefer to play the game fair and square!

[shugmonkey] 14/5/2010 08:57

H57,

PWhite aka Typhus always uses information like that.
He states that he only uses "facts" but, as you've spotted, his "facts" are often just the musings of other holders.

It's difficult to argue against people with the agenda that he has, so he is best ignored. He has only started to come back here because new holders are listening to him.

[sagem] 14/5/2010 08:54

California Joe -HI, Still here I see.....me to. I dont take these posts to seriously and I am very surprised that some investors get wound up so badly, I just hope that peops dont buy stocks just on what they read on these posts.
Sefton was fun and a good money making stock, perhaps Range will turn out to be profitable eventually...Good luck with your investments.

[hardassets57] 14/5/2010 08:47

i must admit i am not impressed by the quality of deramping here. its as bit too obvious and emotional.

I noticed yesterday that Pwhite referred to a "post" on an Bulletin board as an "article" suggesting it was professionally written, which i thought was a bit cheeky and deceptive.

I added a few this morning at 3.89p.

[captainnelsonforties] 14/5/2010 08:34

Dr J,

Yeah I could have smelt this spike coming. Those that had bought at 2.9p were even selling at 3.25-3.50 before the news, not sure why they would sell at such a small % gain but who else would have been selling on the verge of a news report. So if some folks were prepared to accept 3.5p for their shares they're certainly gonna take almost 6p or above 5.5p at least. The Oz investors that picked up 5c/2.9p shares imo did the damage and ended the run this time. This is a point though for Range to build from, they're drilling the apprisal on smith to put more of that 215Bcf and 30mmbbls into P2, those are the numbers that matter. A steadily rising share price is best for holders to see the highest % returns. A spike is always gonna be met by sellers. Next stage for RRL is to frac Smith-1 and see if they can get improved flow rates and therefore more P2, that and the next results from our appraisal well later in the summer. We'll also hear more regarding Georgia and Puntland in the coming months too. If they steadily build value that is the main agenda at present. For spectacular value increases on single wells it would be the Puntland potential for that. The reserve report was a good start. As Range builds its production base and P2 it will support higher valuations. All imo of course. Hopefully RB will bring on more of the Texas tea by July time.

Captain Nelson Forties

[shugmonkey] 14/5/2010 08:33

Come on guys, get SAGEM and PWhitey on filter, you know it makes sense.

[hardassets57] 14/5/2010 08:32

more shares traded on AIM & PLUS in first 20 minutes than the entire session on ASX.


So which market do you think will drive the price??

[kingsmaid1] 14/5/2010 08:32

Hey PW73,
Thanks for advising to keep out of this and SOLO, btw do you know of any GOOD investments or is it always -ve.?

[california joe] 14/5/2010 08:32

jemetpl, Pwhite IS deramping, plain and simple! Sagem is just simple and plain! I came a cross him 5 years ago in Sefton Resources, used to chant how the Chinese were interested in the silly little company. Everywhere I look in on a share where he is involved, all the other posters treat him as a fool and that about sums him up!

Pwhite is known for the sort of rubbish spewed above!

[fairdeal2008] 14/5/2010 08:31

HA57 has explained what is happening here succinctly. You have a ruck of oil comnpanies on AIM with mkt caps in the hundreds of millions, who have significantly less exciting prospects than RRL.

Now we have a reserves report that, by itself, makes the market cap undervalued. We are producing and securing revenue, and in all likelihood are about to see material increases in the level of incoming revenue in the near future.

The reserves report blew away initial expectations (they were targeting 80bcf and got 200plus, with oil and more that was not expected.

per the recent FD report a find of 80bcf at Texas, with Georgia and Puntland as was in January, deserved an share price of 6p (reflecting rights issue dilution). What price now after this massive reserves report and Georgian seismic progress?

Price is undervalued and you either winge about it, or accept that AIM/ASX as with other markets are hopelessly inefficient and times like these throw up cracking opportunities.

imho

[pwhite73] 14/5/2010 08:30

Greatful Dead

He has been seeing a doctor but notarealdr that's why he's stuck in this sh*thole.

[hardassets57] 14/5/2010 08:29

If you take your confidence from the share price then how will you ever recognise an opportunity?

[greatfull dead] 14/5/2010 08:27

Sagem,
Please give it a rest or see a doctor and get some Valium.
GD

[sagem] 14/5/2010 08:24

Greatfull Dead....... You only have to look at the share price does that really give you confidence, I still think it is buy on the rumour sell on the fact and that looks just what seems to be happening. Thanks for your post I am still holding and I do not short stocks

[greatfull dead] 14/5/2010 08:24

SAGEM,

You worry too much. The reserves report was only from one pay zone on Smith well #1. No fraccing has taken place. Drilling on a 2nd well started and its not to far away. Could turn out Texas may be bigger that any one here anticipated. Now if your T ing then that is your problem.

I am ready to buy more if this drops further. I am serious to.

GD

[hardassets57] 14/5/2010 08:23

Pwhite - you sound confused. By definition a market with less liqudity will have a disproportionate affect when the touch price is a constant.

i agree that ASX is fair and transparent. But any order driven market has its limitations when it comes to driving volumes.

In the interests of balance you should recognise that as well.

[pwhite73] 14/5/2010 08:22

Hardassets57 - 14 May'10 - 08:17 - 10646 of 10649


"PW -Why do people talk utter tosh about the ASX?

please elaborate? I cant see any post which begs that question."

Go back and read the posts. The notion that investors in AUS trading the limited shares on the ASX are dragging the stock down is complete and utter tosh. The ASX is fair and transparent. It is the failure of the company to convince the wider market that it has found commercial quantitities of oil and gas in Texas is what is dragging the stock down.

Indeed if it wasn't for the ASX the market makers on the AIM would have long since had this stock under 1p. They may yet still achieve their goal.

[jemetpl] 14/5/2010 08:19

PWhite73 filtered. Sagem filyered.

I come here to read informed comment about the companynot constant deramping from someone who is clearly shorting the shares and someone else who is either doing the same or has no idea about equity investments. Please go and waste your time somewhere else. It's becoming boring.