Range Resources Share Discussion Threads

[barryrog] 04/6/2010 12:26

the formal share price hasn't moved because the mms know that a move to 4.25p/4.50p will encourage all the little 't trade' oiks to take their little turn especially if they are running out of time.
if the mms had half a brain they would move the quoted price to 4.10p/4.30p which would continue to attract buyers and prevent a retrace, they could then move to 4.15p/4.35p and so on an so forth.
a 0.25p formal spread is ludicrous.

[california joe] 04/6/2010 12:15

Just how many shares does one have to buy to make the share price move lol?

[sparty1] 04/6/2010 12:08

cheers sul....
Notar thanks for making me feel better..........

Loading up on these and CAZA and grabbing GAS at the very low current price .Will not be selling...

[usher03] 04/6/2010 12:02

Sagem,

We are priced on Reserves in production at the moment, therefore being P1 of Smith at the moment, however once we reach TD of RB1 then our reserves should increase and hence share price increase too.

[trint76] 04/6/2010 11:39

Thanks for that snurkle.

If RRL is mentioned then the extra coverage would be welcomed and ideally those with long term views on RRL's prospects will take positions.

[snurkle1] 04/6/2010 11:19

Trint, RHPS aren't released by email until 17.00 this afternoon.
This so the people who receive by post have the same amount of time to react as the ones with i-phones etc.

[pheonix07] 04/6/2010 11:01

Nice work Sul 2 but i think you've forgotten 2187's pick (150 from memory)

as THE biggest private holder I think he should have a say Ü

hope he win BTW lol

[sagem] 04/6/2010 10:58

What is holding this share price back....many other company shares up but RANGE stays still....at least its not going down at the moment. But why is the market makers holding it back are they filling an order or just waiting for news like we are ??

[alistair4444] 04/6/2010 10:43

notarealdr Excellent news thanks for that summary UK 47.98% of shares in issue now and rising fast.

[notarealdr] 04/6/2010 10:34

Update on UK share holdings.
As at 3rd June there are 424.2m shares on UK register representing a mere 47.98% of shares on issue.

[captainnelsonforties] 04/6/2010 09:49

Mingle,

Not really followed those to be honest. I like companies that have reserves and are producers and don't have stranded finds in areas with no infrastructure.

Usher,

Its a comprehensive report and I agree whole heartedly that the Smith and Northchapman plays more than under pin the price of RRL and that RB if successful adds additional value. As will the possible successful frac of Smith-1 and opening up more reserves as a result (fingers crossed). Its always production and reserves that I'm interested in as they add real value to oil companies. While Georgi and Puntland are in for free they're hard to put a value on. Speculative value is high since they're not priced in, but real value will require a find. Certainly I see 6-7p on further development of NCR over the next few months and 10p on rig mobilisation and/spudding of Puntland (any puntland release could have a dramatic speculative effect as its billion of bbls). Georgia will depend on which prospect they choose first. Certianly Smith/NCR alone can build a significant value into RRL as its developed, the others are pure blue sky and in for FREE at present.

Captain Nelson Forties

[trint76] 04/6/2010 09:49

There was a suggestion that RRL might appear in this morning's RHPS newsletter. Can anyone confirm whether it was mentioned or not..

[notarealdr] 04/6/2010 09:30

Usher I would think there are enough clever types over there to work it out. The main point is you can buy a 12.8p share for 4p....fill yer boots.

[usher03] 04/6/2010 09:27

notarealdr,

Excellent post there mate!...may I post this on the iii and LSE board and say it was from you please?

Many thanks.

[notarealdr] 04/6/2010 09:18

Usher that is the point I have been trying to get some attention on, they value the shares TODAY at 12.8p on the strength of Smith #1, and Puntland (Dahroor and Nugaal) alone undrilled! There is no current value ascribed to Georgia, Puntland Offshore, nor Russel Bevly, or anything else that may be announced in the coming month/s.

They are saying you can buy a 12.8p share today for 4p, and that "This represents significant upside to the current share price ." Says it all really, don't you think?

They indicate a favourable forecast when the options are exercised - "the impact of the exercise of options would provide additional cash to Range and boost NAV."
As 2187 calculates (and that is his forte) this should effectively value the shares 10p higher than the OPL valuation. That is 22p chaps!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All in all the report says we are very seriously undervalued, and as a client it should be considered in your portfolio.

[usher03] 04/6/2010 09:09

Stnick,

Many thanks to you sir for that great reply, doesn't matter that it wasn't directly asked to you as I am happy to receive a response from someone.

[usher03] 04/6/2010 09:04

Is the valuation for RKH correct?...are the assets which they have provide the correct valuation in relation to their market cap and shares in issue?...thus giving them over £3 a share?...if so, then well done to them. I feel it is good when a share is correctly valued on their realised potential, so as they have already drilled and tested their oil to success, I'm glad their value is being apportioned to their share price ...HOWEVER....I would then hope and EXPECT that later in the year when we are at the same stage with our Dharoor well...and we are then drilling and testing and hopefully provide a successful rns to the market, then the MM's should also re-rate our share price upon the realised potential which has been succesfully drilled and no longer ''risked''....thus enabling us to be correctly valued at the share price according to the asset we have drilled...which will hopefully be around 4Billion barrels of oil in one block alone, then Nogaal, offshore Puntland, Georgia, Texas....even the new asset too!...let's see the MM's keep us at 4p then!! lol

[stnick] 04/6/2010 08:53

Usher,

when you look through the OPL note they discount on a number of basies the stuff in Puntland (ie derisk).

Where we put our own price on things we tend to assume that all will go well.

Eg OPL discount Nugaal by 50% given the political risk - not many of us would prob do that given as holders we are somewhat subjective.

And I don't think they assign much for Dharoor given a lack of info so that gets a further 50% reduction.

They assign nothing to Georgia either.

That said, as a holder i am expecting a great deal more from the share price 12m from now.

(I know you didnt ask me Usher, but just my thoughts having reread the OPL note)

regs

Stnick

[barryrog] 04/6/2010 08:43

as always, small cap penny shares have a high % of t traders who simply don't have the money to buy the shares or the luxury of waiting for a news update - that is why despite new buyers, the share price remains static.
whatever target price you may have for this share, buying at 4.15p is a great price providing your investment horizon is months rather than days.

[usher03] 04/6/2010 08:41

notarealdr,

hi mate, what are your thoughts on Old Park Lane then?

Most of us easily think Range will be worth over 50p at least by this time next year....however they think 12.8p???!!!...how can they value billions of potential oil along with all other projects at a measly 12.8p??!!

[traderinthemaking] 04/6/2010 08:24

sparty1 - I have been caught in both situation, selling too early and being greedy, which caused my banked profit to be much smaller than it could have been. If we could know where a share price would be in 12-month time, that would not be as fun, would it?

TITM

[notarealdr] 04/6/2010 08:23

Wow sparty that's £185,000 !!!!!!!!!!

BTW Usher that is the research note I have been referring to the past 2 days where OPL have a fully diluted valuation of 12.8p.

[usher03] 04/6/2010 08:21

Captain,

When you log on, I would be very grateful if you could provide your thoughts on this?