Star Phoenix Share Discussion Threads

[lewisyfawr] 06/1/2020 10:05

Think that will be result of this worrying development in Gulf tension last week, CH.
Oil shares have always been extremely volatile, as all LTH know only too well. Not long ago, some observers were stating (not predicting but stating) that oil prices would fall below $50 a barrel.

[celticheart07] 06/1/2020 09:41

"In the short term, analysts at Citibank expect prices to stay high on retaliation fears, while “attacks on US oil company pipelines, or where Western and American oil companies have invested in new exploration, would drive crude higher”, says Mackenzie.
A full-blown war between the US and Iran could see prices more than double to $150 a barrel, says James Salmon for This is Money."

Before anyone comments I am not wishing for this, which could be disastrous on so many levels but we are where we are following recent events. Ref: Hargreaves Lansdowne

[rangenoresources] 06/1/2020 08:43

I had something similar in South Africa recently and we all had a good chuckle at the ego's expense

[lewisyfawr] 06/1/2020 08:42

Good morning to all shareholders. Oil at $64.22 this morning!!!

Last 3 days of trading has seen a sea of red. However, most significant trades have been buys - and last buy was at almost full ask at 2.45p.

[skinwalker] 06/1/2020 08:21

I was followed by a Guardia Civil C4 Picasso on the AP7 yesterday. I thought maybe the Ego wasn't lying after all.
I needn't have worried. It sped past.

[rangenoresources] 06/1/2020 07:54

You forgot his average share price reducing where shares where suspended

[cymrurhydd] 06/1/2020 07:30

RnrIt's more a case of when does he ever tell the truth....CpsPoliceEarningsRe-mortgaging behind his partners backGambling on penny sharesThe upshot is they are having to rent out rooms in their house to pay for his reckless gambling.....He even has to flog off his leisure gear to help pay for all these lies.....

[skinwalker] 05/1/2020 17:44

No shortage of evidence for derailed brains on this thread eh?

[cymrurhydd] 04/1/2020 07:07

He didn't have a good 2019 unfortunately, all his lying has been brought out into the open...Especially his boasting about his earnings.....dear oh dear....?

[lewisyfawr] 04/1/2020 05:12

Oil shares seem to be rising. Trinity was up 7% yesterday and looks like windfall profits for oil sector in 2020 whilst we have political uncertainty.

If Star Phoenix are still actively pursuing profit through oil, then 2020 may at last see a more acceptable bottom line for shareholders at long last. Few believed 3 years ago that company would survive 2017. And yet, in the words of a great Welsh songster, we are "yma o hyd" - still here and kicking. Even some who sold shares in 2012 are still very interested in fortunes of company and her shareholders.

Have a happy weekend.

[hmrcinvestigation2] 03/1/2020 22:04

Loving the fact you are reading these posts in all their glory and there is nothing you can do about it...


Cherry 🍒 on the cake

🍒👍🏻🤡

[hmrcinvestigation2] 03/1/2020 22:02

------------------------------

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.

GLA

BF

[lewisyfawr] 03/1/2020 21:50

Too quick, as the knight said to the bishop.

[lewisyfawr] 03/1/2020 21:48

Oil shares seem to be rising. Have you seen Trinity? If Star Phoenix are still actively pursuing profit through oil, then 2020 may at least see a more acceptable bottom line.

Think I'll post this after Oma junior has made his 3 compulsory c & p's on the orders of his doctor. Happy days.

[celticheart07] 03/1/2020 21:29

thanks to Trump’s assassination WTI is now at $62.69 a barrel but the consequences are yet to be seen.

[dojiwankenobi] 03/1/2020 18:33

WW3 and the poo risers yet these plonkers can't sell rigs...
Doji Wan Kenobi

[dojiwankenobi] 03/1/2020 18:30

Hey sPeedo guy what a vulgar old man you are..looks like the termination of the rig sale is getting to you 'n the sisters...
Cherry Christmas eh... 😁
Doji Wan Kenobi

[cymrurhydd] 03/1/2020 16:27

Rnr

I think we all knew at the time it was just bravado boasting he had earned £11k in one month.
It’s a bit like Lewis boasting he had a new Mercedes to drive to the agm, they think earning £11k a month and driving a Mercedes is boastful, what poor lives they lead......
Mind you is it any surprise when you find out where they reside......
They just can’t help lying to make themselves look more successful than they actually are, it’s a recurring theme with range gamblers......
It explains the egos reliance on social media to make up for all those insecurities caused by years of failure, in work, business and socialising.....

🤡👍🏻🍒

[rangenoresources] 03/1/2020 15:52

That's a shame as I was hoping to read news of the tax evasion online.If he is defrauding the UK government isn't a duty to report. I would but I live overseas

[fin8108] 03/1/2020 15:05

Hi CYM. No updates here I didn’t submit a report. Just spoke with a colleague there who informed me how and where to do it and agreed there was enough info to submit one. I have no interest in submitting one I was just happy to confirm that Celtic is a lying sad silly little man.